Finance Made Easy.

Evening Post, Volume CXII, Issue 46, 23 August 1926, Page 8

Finance Made Easy.

Tho great truth, expressed by Micawber, that happiness is attained by keeping one's expenditure below one's income, applies to nations as well as individuals. Such, in brief, was the lesson of the depreciated franc as expounded by Mr. A. H. Tocker, M.A., of the Economics Department of Canterbury College, to junior representatives of the staffs of members of the Canterbury Chamber of Commerce who attended the luncheon hour lecture on Friday arranged by the chamber. Mr. "W. Machin, the president, was in the chair, and briefly introduced Mr. Tocker, whose subject was "The Franc." He gave an interesting account of the causes leading to the fluctuations in the value of the franc and of the dislocation of business resulting therefrom. There was some hope, he said, that the French Government had learned the hard lesson of experience —that the nation, or individual, who spends more than is received, is bound to get into trouble (reports the Christchurch "Press"). If the Government balanced the budget inflation would be stopped, and that would stop the rise in prices and result in the stabilisation of exchange. The chairman- convoyed the thanks of the meeting to Mr. Tocker for his interesting address.