SAVING URGED
ASHBURTON. (N.Z. Press Association) New Zealand should be saving, not borrowing, its way out of its economic difficulties, said Sir John Marshall, in an interview in Ashburton today. “It is quite clear we have been living beyond our means,” he said. The economy cried out for a firm hand and was not getting it Imports had been allowed to get out of hand, and action would have to be taken to reduce the level of imports to a volume the country could afford.
Sir John said that a National Government would place emphasis on increased production and productivity.
Even the Australian Government was realising profit was not a “dirty word,” and that it was essential for industry to be profitable, he said.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19750621.2.25
Bibliographic details
Press, Volume CXV, Issue 33875, 21 June 1975, Page 2
Word Count
124SAVING URGED Press, Volume CXV, Issue 33875, 21 June 1975, Page 2
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in