CAMPAIGN NOTES

Evening Post, Volume CVI, Issue 87, 22 October 1928, Page 11

CAMPAIGN NOTES

WHAT CANDIDATES ARE SAYING "WILD-CAT PROPOSAL." "I hardly think the people of New Zealand will agree to embark on such ii wild-eat proposal that would mean the destruction of our credit," declared the Prime Minister when speaking at Otautau on Saturday night with reference to Sir Joseph Ward's proposal to borrow £70,000,000 for settlers and the completion of .authorised long lines of railway. "Whenever I look at this £70,000,000 borrow, boom, and burst policy of the United Party I cannot help agreeing that they tell nothing but the truth in their advertisement when they say that it is the most amazing policy that has ever been promulgated. Sir Joseph Ward intends to faiso £70,000,000 in one year and spread the expenditure over ten years. He does not tell you what he is going to do with the money that will be lying unused, nor does he tell you how he is going to meet an additional interest bill of £3,500,000 and at the same time reduce taxation on all sorts of things, besides extending social services. Moreover, he is silent regarding necessary expenditure on such things as the completion of hydro-electric works, land settlement, irrigation, roads, and highwaj's, telephone extensions, . public buildings, including schools and housing, which on an estimated basis of £5,----000,000 a year, would, in ten years, bring his £70,000,000 up to £120,000,----000. The commercial world would assess this plank in the United Party's platform at its true value when it sat down to work out the problem as to how £ 3,500,000 was to be added to the interest bill without an extra penny of taxation.