GROWING NATIONAL DEBT.
ATTITUDE OF FINANCIERS. OPINION HELD OVERSEAS. [ill' TELEGEAriX.—OtN COIHtESPONDENT.] DUNEDIN. Thursday. Reference to the credit of New Zealand abroad was made to-day by Mr. W. R. Hayvvard, formerly president of the Dunedin Manufacturers' Association, who has returned from a visit to Britain. "Although New Zealand is very popular indeed right through Britain," said Mr. Hayward, "and the mere statement that you como from New Zealand seems to ensnro a wonderfully hospitable reception, the financial people look at our everincreasing national debt with some apprehension. There is a feeling that we are not living upon our income, and are balancing our accounts with borrowed money. "They assert that this will be a very difficult matter to deal with, as any politician who attempts to cure fE will certainly be very unpopular and will probably commit political suicide by the mere statement of what is apparently the truth."
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New Zealand Herald, Volume LXVII, Issue 20679, 26 September 1930, Page 12
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149GROWING NATIONAL DEBT. New Zealand Herald, Volume LXVII, Issue 20679, 26 September 1930, Page 12
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