NATIONAL DEBT PROBLEM.
One of the most serious problems facing New Zealand to-day, stated Mr. S. G. Smith (United Party candidate for Taranaki), in the course of a speech at New Plymouth, was the enormously increased National Debt without safeguarding the public against it becoming a burden. There had been an orgy of expenditure after tho war. He criticised the Government's land policy in purchasing land at such high prices that men could not go on to it with reasonable prospects of making a living; In its twelve years (leaving out tho war period) the Government had increasedthe National Debt by £85,000,000, and, inclusive o£\ aeuinulated surpluses, had expended a total of £113,000,000. He claimed there had been a lot of extravagant expenditure in providing elaborately equipped raih/ay stations at the centres. He was not against properly equipped stations, but considered that a time when farmers wanted money to enable then! to carry on their farms was not the time for such expenditure.
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https://paperspast.natlib.govt.nz/newspapers/EP19281020.2.76.3
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Evening Post, Volume CVI, Issue 85, 20 October 1928, Page 11
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163NATIONAL DEBT PROBLEM. Evening Post, Volume CVI, Issue 85, 20 October 1928, Page 11
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