BUDGET PRESENTATION

Greymouth Evening Star, 15 July 1941, Page 2

BUDGET PRESENTATION

LONG DEBATE EXPECTED. WELLINGTON, July 14. The Budget, the sixth prepared by the. Minister for Finance (Mr. Nash) will be presented to Parliament on Wednesday evening. The House will resume its session, opened on March 12, to-morrow afternoon. After formal business has been disposed of. an adjournment will be made till 7.30 p.m. on Wednesday, and the debate on the Budget will begin on Thursday evening. Fuller details of the work of the session will probably be announced to-morrow, after a caucus of members of the Labour Party. The length of the Budget debate is expected to be determined by the course which the Opposition will adopt, and that course cannot be fixed until the Minister makes public the contents of his Budget. Following custom, the Leader of the Opposition (Mr. S. G. Holland) will open the debate; but. the Government has not. yet decided on the member to follow Mr. Holland. The prospects at. the moment are that the debate will be protracted, and it will be followed by consideration of the Estimates, on which more time is expected to be given this year than last year, when all but the broadcasting estimates were passed in three sitting days. As both parties, are now carrying on their preparations for the General Election, Parliamentary representatives will no doubt desire to place their views fully before the public in the debates on both the Budget and th(? Estimates. POST OFFICE SAVINGS BANK. WELLINGTON, July 14. A Budget hint was given by the Minister for Finance (Mr. Nash), when speaking at a foundation-stone ceremony at the new Lower Hutt post, office to-day. He said there was £63,000,000 in the Post Office Saving’s Bank, more than had ever been known previously in New Zealand. No other country a head of population saved so much, except under the war savings scheme in Great Britain. He hoped New Zealanders would note that, and save even more. He was going to tell the country on Wednesday night that it would cost as many million pounds for the war next year as one could think ol quietly, as many as he had mentioned were in the Post Office Savings Bank.