WITHIN OUR MEANS
WENT HEED OF ECONOMY Mr R. W. Gibbs, acting-chairman of the Bank of New Zealand, speaking at the annual meeting to-day, said:— With a reduction of approximately £10,000,000 in last year’s income to December 31, and with an excess of .rnports over exports of approximately two and a-half millions, the necessity for curtailing expenditure is obvious, as there is a limit to the country s resources; but if the gravity of existing conditions is recognised by all. from the Government downwards, and a determination made to live within our moans, though it may mean sacrifice, I have no fear for the future, which I look forward to with confidence. If we are prepared to cut down requirements which may not in any way be necessities, work as did the old pioneers who laid the foundations of New Zealand’s prosperity, and introduce in every walk of life more efficiency, there will he no occasion for pessimism, nul our present troubles will soon be behind us. I am aware I am but rederating advice which has of late been most liberally given—perhaps, as _ I beard it remarked, ad nouseam—it. however, applies to us all, and will have to be heeded if serious trouble is to be averted.
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Evening Star, Issue 19585, 17 June 1927, Page 11
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208WITHIN OUR MEANS Evening Star, Issue 19585, 17 June 1927, Page 11
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