“MR SAVAGE AT THE CONFERENCE’’
OMISSION FROM A LETTER The omission of several lines from Captain Moncrieff’s letter last night on “Mr Savage at the Conference,” had the effect of conveying the wrong meaning The paragraph should have read: “Let it be said that the late National Government made the mistake of curtaling public expenditure on relief an-, public works in times of depression; the present Government is making a worse mistake in over-spending on pub lie works (most of which will probably never make any economic return on the capital expended) in times of prosperity. Large expenditure on public works is justifiable to tide over a period of hard times but it is incredible folly to use up all our credit reserves when times are good. The present high wages and social benefits, and those that are promised for the future, will be impossible to maintain when the tide of prosperity turns, as it is bound to do in the near future.”
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https://paperspast.natlib.govt.nz/newspapers/NEM19370624.2.17
Bibliographic details
Nelson Evening Mail, Volume LXXI, 24 June 1937, Page 3
Word Count
163“MR SAVAGE AT THE CONFERENCE’’ Nelson Evening Mail, Volume LXXI, 24 June 1937, Page 3
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