ONE WONDERS

Evening Post, Volume CXVII, Issue 49, 27 February 1934, Page 8

ONE WONDERS

(To the: Editor.)'

V Sir, —As one.of• those: who-: were''privileged to hear tjieexoyient-adjlressvpf'Sir .Sandeman. Allen' and ; having-'read *;. your leader :'■ in 'Thursday's-;"" Evening v; Post;" based ,'bn that address, I am led -to^vonder what will .be' the ultimate', position* of ..our small"country. ;:England-, is •more than paying her way and'prospering,., In New Zealand- in" 'the year now< ending''we {ace the prospect'of a deficit: in our Budget of £2;000,000; we ''. draw from reserves; • £2,500,000; and m6rtgaged: ■ our ■ securities to the banks to' the tune of £14i00d,000,----a total for one year of roughly £18,500,000; In face of this enormous sum what is to happen to us when we .come to pay our way? Will we ever really prosper until we cease borrowing, spending Our reserves, and mortgaging our securities?; We:have no less than seven' hundred "odd local bodies all with.power, to tax and borrow; a'1 House of Representatives of eighty members, together with Legislative ..Council and Government, servants galore, and we are becoming more and more in debt at the rate of millions of /pounds a;.yearall for a million and a half people. .Gargantuan in expenditure'.but-surely lilliputian in other Ways.—l am, etc.,, V::-