DOMINION FINANCES.

Marlborough Express, Volume LIII, Issue 167, 11 June 1919, Page 5

DOMINION FINANCES.

STATEMENT BY MR MYERS

[Press Association.] WELLINGTON., June 31.

in the course o.f it statement on the fina-mci's of the Dominion, tho Hon.. Mr Myers poin±« out that the rational debt i,<: now roughly some £'170 per head •vi: population. ''Taking veiy conservative .estimates,' 5'1 lie Mivs, "our national wealth amounts to some £400 per head, and tho national income to over £55 per head, in;d v>'ith deposits in the 'banks of fhoui £72 per head of population there is no -question as to our ability to meet our war obligations, if all classes of the community unito in preserving stable economic .conditions. "Ac regards the savings of the people of this country, a comparison of the returns published by the various Post Office Savings Banks thioughout tlie world di.sv'!ost\s tho fact that New Zealand 5s an easy first in this respect, with total -deposits of £-')Q jxu1 head of population in the Post Office Savings Hank alone. Corresponding figures for Australia and the United Kingdom give £23 4s and £o 7s respectively. The deposits in all savings banks in tin's country increased from £19,000,----•(WO in 1914 to £33,000,000 in 1918. It must bo understood, of course, i'hat the aboA'o figures are given in round sums for the convenience of comparisons."