TWENTY-FIVE MILLIONS
WHERE WILL THEY GET IT ?
"The Leader of the Labour P^i'ty. says it is necessary Lq borrow 25 millions," said Mr. G. A.' Troup in "Ms | •address last" evening. '' The interest on that is U millions, sit 5. per cent. Where arc they going to got the 23 millions?1' A'voice: "Another red herring!" J' Mr. Troup: "Another red herring! At tlie last election someono advocated j borrowing 75 millions—at 4 per cent: andJ4J per cent. He could not get the. money at > Homo. Ultimately, certain loans wove, raised in New Zealand at 5} per cent. There is no hope of "getting 25 millions in New Zealand. It has been pointed out that during the war 80 millions were raissd—so millions in New Zealand. Think of the altered conditions between then and now!" "A voice.: "Five shillings v day." Mr. TrOup: "During the waT they j were not working in the towns, at any | rate, at five shillings' a day. ... I make bold to say that the man or parly , looking to borrow 25 millions to-day might just as well expect to reach the moon." " A voice: "Did the Labour Party propose to borrow 25 millions in twelve ■months"?". . "..'. i, Mr. Troup:."What; is the use.\of, it unless it is .borrowed'in the time;indi'. bated? YouMn'ight just as well propose to borrow 25 millions over'a. period of 25i years..' 7 '
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Bibliographic details
Evening Post, Volume CXII, Issue 121, 18 November 1931, Page 11
Word Count
229TWENTY-FIVE MILLIONS Evening Post, Volume CXII, Issue 121, 18 November 1931, Page 11
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