COLONIAL PROSPERITY.

Hawera & Normanby Star, Volume LXII, Issue LXII, 23 January 1912, Page 5

COLONIAL PROSPERITY.

THE TIMES' REVIEW

BY CiBLE—PEESS ABS'JfUATIOK—COPYRIGHT. LONDON, Jan. 22. The Times' annual review says that the Commonwealth fared well during the past yeaivbut not so well as in the two previous years. While admitting that the Government's loan expenditure was justifia<ble, some of the expenditure ought not to be-incurred. The increase in the burden of taxation .was severe, and there had been no call for the proposed banking1 legislation.

Discussing New Zealand, the review says the Dominion continues to be fairly prosperous, though, owing to increased indebtedness and industrial unrest, the position is less favorable than in 1910.