THE NATIONAL DEBT.
TO THE EDITOR. Sir, —I .notice that a handful of extremists in the community are a'b present making'a great deal of the National Debt of Kow Zealand. It is most amusing to observe that they carefully avoid giving any solution as to 'how the potentialities of aaiy young country can possibly be vdevelopsd without borrowing money, in order to increase its productiveness and consequent prosperity. ~lt is perfectly obvious to ainy intelligent person, that had New Zealand or any other Vouiig nation adopted' such a superficial afld primitive policy it would still be in the ..background of advancement and. civilisation, and. therefore absolutely unable to compete in the commercial markets of the world.-Money has been '••wisely ar.d judiciously borrowed, especialjy by this progressive and.Liberal Government,.and, '.sA at times; profitably,employed in developing the resources .of joiif country by the construction of railways, roads, and bridges. How. coi'ld this be otherwise: acoomplisced f: Dr ■Jfioolson, .professori of political economy in Edinburgh, soys, tiiat '"the great .argument in fayor of borrowing money'by a yoim'g Conn-' pry is its increased productiveness.' —-Thjai etc -' , - PSOGHKSS. ' OcW-- 27. ■''•''■'.
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Bibliographic details
Evening Star, Issue 13092, 27 October 1908, Page 7
Word Count
185THE NATIONAL DEBT. Evening Star, Issue 13092, 27 October 1908, Page 7
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