A WARNING NOTE
BORROWING AND ADMINISTRATION. COST MOUNTING UP WELLINGTON. July 29. Tin his speech in the Budget debate to-night, tho Hon. Mr Parr sounded a warning note about the growth or local bodies’ borrowing. In this matter the local bodies w'ere, he saict, going too fast and such borrowing Should now be confined almost entirely to works of necessity such as water and drainage. The debt that had aU reudV been incurred was sufficient to make us pause. So far high prices had ea<me§ us through. It had been the increase in valuos. which was out of proportion to tho increase m volute, *«1 a™ "7, "hVt’SoM Dm future WO would have strong competition' from South America. feras s » a°month was going out in salaries. Special.
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Bibliographic details
Gisborne Times, Volume LXI, Issue 9771, 31 July 1924, Page 5
Word Count
127A WARNING NOTE Gisborne Times, Volume LXI, Issue 9771, 31 July 1924, Page 5
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