Not bankrupt yet
PA Wellington The Acting Prime Minister (Mr Taiboys) says he certainly does not agree with the Under-Secretary’ for Trade and Industry (Mr Allen) that New Zealand is nearly bankrupt. Mr Allen is reported to have told the New Zealand University Students’ Association: “Your association does not seem to realise that New Zealand is nearly bankrupt and that
the Government, in an endeavour to retrieve the situation, has cut costs in every direction.” Mr Allen was replying to questions about cuts in the number of overseas students coming to New Zealand. Mr Taiboys said he would talk to Mr Allen about his statement. “I will suggest to him that he shouldn’t exercise such poetic or journalistic licence.”
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Press, 30 August 1977, Page 6
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119Not bankrupt yet Press, 30 August 1977, Page 6
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