THE ECONOMISTS' PLAN.
Sir, —"Accountant" says I am living in the past and that the Government ha» ceased borrowing. I sincerely trust he is right. Personally, "I hae ma doots." It will not surprise me to hear in the near future that the Government has succeeded in raising a loan. It would have done so ere this had money been available. But why a bonus ? I take it this bonus will be paid out of taxation, to which all must contribute, whether they use imported goods or not. With an adverse rate of exchange it is the importer who pays; he must recoup himself by extra charges to his customers. In this case it is the purchaser of imported goods who pays. If, ag "Accountant" says, our exports are meeting our overseas commitments, he need not worry about a high adverse rate of exchange. In these circumstances, if it is put on, it cannot be maintained for any length of time. the other hand, a bonus, like a protective tariff, once put on, it not easily removed. Tago San. •
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New Zealand Herald, Volume LXIX, Issue 21133, 16 March 1932, Page 14
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179THE ECONOMISTS' PLAN. New Zealand Herald, Volume LXIX, Issue 21133, 16 March 1932, Page 14
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