PREMIER’S WARNING HUSBAND RESOURCES

Manawatu Times, Volume XLIX, Issue 3282, 27 February 1926, Page 9

PREMIER’S WARNING HUSBAND RESOURCES

Trade Balance Less Favourable | NOW IS TIME TO PRACTISE ECONOMY, | ' •. , .'.vl Although be hoped the drop Ml j e.\|iorfc values would not unduly accentuate the unfavourable || trade balance, the Prime Minister 3 yesterday stated that the tendency of imports to increase at a greater rate than exports merited a note of warning. [Per Press Association,] ? WELLINGTON, Last Night. The Prime Minister (Rt Hon. J. Ok Coates) stated to-day that In order to meet any possible fluctuations la -| 'public finance, the Government had decided to appoint a special commit- | tee of public officers to investigate* , and report on departmental expondl- | ture ,in the direction of economy and efficiency. . ?! Trade figures for 1925 showed less favourable balance and he hoped j that the drop in export values would | not unduly accentuate the position, i The tendency of Imports to increase at \ a greater rate than our exports, how- • over, merited a note of warning as to over-importing, which if continued* £ may bring about a reaction that wIU -| affect the revenue. The present Is the time for % i review of the position and. the prac- | tiso of economy, both Ju, public and 5 private finance. . ‘ \.:U The special committee , of depart- | mental, heads will consist of thOvv Public'Service Commissioner, Secretary to Treasury, Chairman of Rail- > way Board, and Secretary of Post and Telegraph Department. It will ro- 1 port as to the working of reform* that were recommended, and | adopted ,ln 1921-22. The committee | will be able to estimate the value of I changes than instituted, and will silstfj report as to further reforms and lmi;l provementa. In departmental obntrOkii of finance. -•