THOUGHTS OF THE TIMES.
POSITION IN NEW ZEALAND
New Zealand, like the rest of the world, is encountering difficulties at the present time because it brought prosperity in on the instalment plan. While everything was going well the country bought whatever it could pay for and it contracted to buy what it hoped to be able to pay for. ' Now it has a reduced income and increased liabilities. The country generally is in the position of an individual who, on a salary of £3OO a year, has arranged to spend that salary for years ahead, and "now finds the salary reduced to £250.
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Bibliographic details
Hokitika Guardian, 17 July 1931, Page 4
Word Count
103THOUGHTS OF THE TIMES. Hokitika Guardian, 17 July 1931, Page 4
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