DOMINION FINANCES

Greymouth Evening Star, 20 October 1939, Page 3

DOMINION FINANCES

REPLY BY MR SAVAGE. [PER PBESS ASSOCIATION.] WELLINGTON, October 19. “Mr Goodfellow’s statement is beneath contempt.” said the Prime i Minister (Mr Savage) to-day when, referring to a published interview in j which Mr W. Goodfellow, on his return from abroad, said that New Zea-| land the world over had lost her ex-; cellent. financial reputation. I “He seems to have joined up with i that almost extinct race of political! gasbags who are never happy unless I they are decrying their own country] at home and abroad,” Mr Savage said.; “New Zealand will win through, in] spite of what Mr Goodfellow or his, political friends may say. Mr Goodfellow refers to our future financial engagements, and thinks we need expert financial guidance to get us back to where we were. It seems to mo that ibis so-called financial guidance landed us where we are. witli ahoui .U100,000,01)0 of loan money falling duo during the next. 10 years, and for the borrowing of which the present Government, is in no way responsible. We inherited it from Mr Goodfellow s political friends, and don't waul any financial experts to tell us what it means.

"As to getting financial guidance to show us how to get back to where we were, when this Government took office. I sincerely Trust that the people of lliis country will see to it that nothing of llie sort happens, and that] whatever guidance is necessary, it; will he directed toward higher and] nobler things.” Mr Savage continued. “Fhe present, state ot ait airs can best ho judged by comparing the living conditions of the people with what they were during the period Mr Goodfellow seems so proud ot'.”