THE NIEMEYER PLAN
SPEND LESS, NOT TAX MORE
NO ROYAL ROAD TO RECOVERY
ADELAIDE, 2Gta August,
Sir Otto Niemeyer, in a speech here, said that the resolutions at the Melbourne Premiers' Conference, which had been received satisfactorily in London, were merely the scaffolding from which to build in the future.
The Governments of Australia must balance their Budgets and keep them balanced. It was essential that all maturing debts be met regularly. He emphasised that if the rates of interest to Australia were to be decreased gradually, it could only be done by limiting other demands for money and arranging tho Budgets so that they did not unduly encroach on privato industry. The basis had to be on the side of reduction of expenditure rather than increased taxation. Care would have to be exercised not to overprovide public utilities, giving commerce and industry more than they really 'needed.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19300827.2.64.3
Bibliographic details
Evening Post, Volume CX, Issue 50, 27 August 1930, Page 9
Word Count
148THE NIEMEYER PLAN Evening Post, Volume CX, Issue 50, 27 August 1930, Page 9
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in