WHY WORRY ABOUT MONEY ?
(To the Editor.)
Sir, —No doubt even you, as well as thousands of accountancy-mystified electors, will be grateful to Mr. C. A. Wilkinson for clearing up in such a very statesmanlike manner by his explanation at Mangatoki the "mystery" of how a Minister of Finance is enabled, by a "special" form of accountancy, to show on paper that the country is in a sound condition so far as "cash" balances go.
Of course we quite believe that it is only the "system" . of accountancy that is at fault, and it appears to us to be a most simple way of securing a credit balance in an apparently quite lawful manner, for 'if only one Department of State, say A, has a credit balance of (we will assume) £1,200,000 by simply transferring a slice, say £500,000, to Department B, and so on J till the end of the- alphabet (if there were twenty-six departments), the country's balance will appear as many millions of pounds, all obtained by a little shuffling of the pack, and quite simply. We feel rather upset that anyone can consider this "system" misleading, because surely the main object of State finance is to show a "credit balance," and thus enable the country (in the words of our Prime Minister) to "pay its way."—We are, etc.,
JACK AND JILL.
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https://paperspast.natlib.govt.nz/newspapers/EP19351123.2.116
Bibliographic details
Evening Post, Volume CXX, Issue 126, 23 November 1935, Page 13
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225WHY WORRY ABOUT MONEY ? Evening Post, Volume CXX, Issue 126, 23 November 1935, Page 13
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