STOP BORROWING.
ADVICE TO NEW SOUTH WALES. SYDNEY, April S. At the annual coni" v ence of affiliated Chambers of Co. merce of ivew South Wales, in his presidential address, Mr Dunlop said it was essential that commerce and industry should be freed from tho heavy taxation that was absorbing much money which should be available to private enterprise for reproductive development. He advised tho Government to stop borrowing, when it would be surprised how well and how soon the State would come to wonderful prosperity. The railway goods manager, addressing tho conference, said it was going to be a difficult year to make the railways show a profit. Not only had the forty-four hours week meant a deplorable loss, hut the failure of the wheat harvest, which was the first estimated at 56,000,000 bushels, and was now calculated to amount to only 30,000,000, meant a huge additional loss in trucking.—Press Association.
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Bibliographic details
Manawatu Standard, Volume XLVI, Issue 110, 9 April 1926, Page 7
Word Count
152STOP BORROWING. Manawatu Standard, Volume XLVI, Issue 110, 9 April 1926, Page 7
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