What Of Posterity?

Dominion, Volume 31, Issue 178, 26 April 1938, Page 13

What Of Posterity?

Sir, —-Having made a study of political events for some considerable time, it would appear to me that our Prime Minister, although I think him to be sincere in thoughts and actions, will leave-noth-ing in store in this country for the children he apparently loves so much but cmployment on public works, but even that I am much afraid Will not be available to them. AVhat will he do with the fathers at present engaged on public works when the railways, etc., are completed? Surely there is a limit to such expenditure and from what source will he find the wherewithal to even grant them sustenance if he continues to spend the country’s credit upon works of such a doubtful revenueproducing nature? The people of this country are surely entitled to know from what source the money at present being spent is obtained and from what source the Consolidated Fund is being replenished. Perhaps the governor of the Reserve Bank could make this information available. . According to our Prime Minister s speech our exports and imports, spending power of the people, etc., have shown an appreciable increase, but to deeper thinkers surely the fluctuations of the country’s internal and overseas. credit and exchange are of much more interest and concern. I fail to see that apart from our social services the present Government has made any endeavour to give stimulus to industry in general.’ Our local newspapers disclose in fact that most of our industrialists are striving hard to exist against rapidly rising overhead costs and dismissing assistants in an endeavour to compete with overseas competitors. AA z e can only trust that our Government can satisfactorily explain how our internal currency and credit is being made available and thereby relieve the minds of those who are not so apathetic toward such matters of national importance.—l am, etc., I L. U. CHAFFEY. Titahi Bay, April 21.