POLITICAL.

Marlborough Express, Volume XLIX, Issue 11, 14 January 1915, Page 8

POLITICAL.

TilE FINANCIAL SITUATION

fJPjsßaa AsaociATiow.l DUNEDIN, Jan. 14. ! In -t-he ■■ course of 'an interview •to-day,, -imi Kan. Mr Allen said that the financial position, all cireumiStaaoss comildered, was very satisfactory. Tho Customs returns to the •end. o^ ■ jNovombor were better than the 'Minister" looked for, being a very •/slight decrease. The railway-," revenue showed a satisfactory increase, amoun fcijjg. to< £46,000. The. Mini&fce'i- save details concerning tile loan ironi the ■''Imperial ■■Gove'rnineufc of £5,250,000. and the subscqnen.t. lou-zt of £250,000 • raised Jin ■Lonc'onl. The farmer was obtained iSd, exceptJonaJly satisfactory terms, < about 4 per cent. net. The ,£250,000 loan was redeemable in 1928 and cost *a little fit mo-re. \The Government ta^ to 'conserve;.its.-funds in order toavoid h serJovis' decrease in public works; Ha did siot waiiit to create ;; •unemployment, and was doing ©very'thing pcte&i-ble to k-eep the public ■;works |rcing .stendiiy. j The feoa.: M* 1 Allen concluded the-'' interview xvibh. the advice: Practise wfee" economy ;". without ■•■ doing any-1 thin^ t-o &&nr"r.to. dispense with -em- : -ptoymeut. It, woiild be absolute folfy vo givo'way'to pessimism, a-nd •indulge in economy whiob would detri-! xnentally afejt employment" and Industry. *' j