NO DEBT CREATED

New Zealand Herald, Volume LXXII, Issue 22260, 7 November 1935, Page 15

NO DEBT CREATED

GOVERNMENT'S RECORD WORK NOT YET FINISHED MR. H. J WILY AT EPSOM "Without creating a debt which would have to bo met by tho rising generation, tho present Government brought us through a crisis, the greatest this country has ever known," said Mr. H. Jenner Wily, National Government candidate for Manukau, in opening his election campaign at a meeting held nt Greenwood's Corner, Epsom, last evening. "The Government led the way in teaching us to live within our means," added Mr. Wily, amid laughter. "The people of New Zealand are to-day better off financially than they were in 1932. And we have the proud distinction of being the only country, in recent years, to balance tho Budget. Tho London investors have faith in this country, and this is shown by the conversion of a loan in London that means a saving of thousands of pounds in interest. Wo are definitely out of the depression to-day. Butter has risen —'' A Voice: Yes, of course; the election is coming. "Well, if we have a Government that can influence Tooley Street to increase the price of butter because an election is coming, then we have a Government well worthy of being returned to power," replied the candidate. Continuing, Mr. Wily said the good work of the Government was not yet completed, and it was essential to return it to power for another term. The Labour Party made promises of guaranteed prices and State control of banks, but it had never explained its method of achieving these things. Guaranteed prices could be regarded as nothing more than an effort to obtain the farmers' votes, regardless of what effect such a scheme would have on the country. It would result in the socialisation of all industry. The policy of the Democrats was similar to that* of Labour, but more costly, said Mr. Wily. The Government did not wish to make any promises of easy money for all, for its policy was one of progress, and progress on sound lines. No faith must be put in the other two rash experimentalists, who had no experience or even a clear and definite policy. A large public works scheme would not offer a solution to the problem of unemployment, said Mr. Wily. England, with a Labour Government, had tried this, but England to-day found herself faced with a huge maintenance cost. The Democrats' promise to place 40,000 men in work at full wages would cost tho country about £20,000,000 a year, and would still leave the problem to be solved. A vote of thanks and confidence in the candidate was carried without dissent.

ROAD TO RECOVERY DOMINIONS PROGRESS MR. MASSEY OPTIMISTIC An optimistic note was struck by Mr. J. N. Massey, National Government candidate for Franklin and member of the last Parliament, when referring to the immediate future of the Dominion, at a meeting of electors at Takanini last night. There was an attendance of about 100, and Mr. Massey received a quiet and attentive hearing. After reference to the soundness of the policy adopted by the Government to weather the depression, Mr. Massey said this had been accomplished without additional borrowing. The national debt had been reduced by about £1,300,000, and the country's credit stood higher than ever with the British investor. He was convinced the coming years would be a great deal better than the last four. It was the intention of the Government to continue to reduce taxation and to commence a careful programme of public works. On these works married men wotjld be paid 12s a day and single men 9s a hoped that about 8000 men would receive employment. "The Government is sincere in its intentions," declared Mr. Massey, replying to an interjector who suggested that a policy of vote-catching was being pursued. The candidate's statement was greeted with hearty applause. The employment by the Government of expert advisers was vigorously defended by Mr. Massey. He declared the "brain trust" was a group of young economists, educated in both New Zealand and Great Britain, and widely travelled. They had given splendid service. "If the present generation does not take notice of the brilliant younger men, they are bound to fall," declared the speaker.

CANDIDATES' ADDRESSES

MEETINGS FOR TO-DAY

Tho following election meetings have been arranged for to-day, the time being 8 p.m., unless otherwise stated:— Auckland Central.—Mr. C. R. Dodd, St. James' Hall, Wellington Street. Auckland East.—Mr. H. P. Burton, Newmarket Municipal Hall (7.45 p.m.). Auckland Suburbs.—Mr. W. A. Bishop, Henderson Town Hall (7.45 p.m.). Auckland West.—Mr. E. D. Stallworthy, Leys Institute, Three Lamps (7.45 p.m.). Eden. —Mr. W. T. Anderton, Epsom Library. Mr. C W. H. Pickering, Centenary Hall, Dominion Road. Franklin.—Mr. A. C. A. Sexton, Mahurewa. Mr. J. N. Massey, Weymouth Public Hall. Mr. A B. Fjers. Takanini. Grey Lynn.—Mr. H. B. Arthur, Church of Christ, France Street, Richmond. Hamilton.—Sir Alexander Younjj, Horsham Downs Hall. Mr. 11. D. Caro. Theatre Royal, Hamilton. Hauraki.—Mr. S. Rickards, Pokeno. Manukau. —Mr. H. J. Wily, Green Lane Firo Station, Green Lane (7.45 p.m.). Mr. W. J. Jordan, Catholic Hall, Pannmre. Parnell. —Mr. F. C. Jordan, St. Chad's linll, Meadowbank. Mr. W. P. Endoan, Peerless Theatre, St. Heliers Bay (7.45 p.m.). Mr. A. G. Osborne, St. George's Hall, Ranfurly Road East. Sir Alexander Herdman, Presbyterian Hall, Kohimarama. Raglan.—Mr. 1). S. Reid, Churchill School (1.30 p.m.), Whangarata Hall. Mr. H. D. C. Hampton, Tuakau Town Hall. Mr. W. Lee Martin, To Kowhai. Roskill. —Mr. T. J. Fleming, Roskill Public Hall, Three Kings (7.45 p.m.). Mr. A. S. Richards, Owairaka tram terminus (7.30 p.m.), Owairaka School. Mr. V. H. Potter, Capitol Theatre, Dominion ltoad. Rotorua.—Professor H. H. Corbin, Matamata Town Hall (11 a.m.). Waikato.—Dr. H. E. Annett, Cambridge (2.30 p.m.). Waitemata.<—•Mr. A. Harris, State Theatro, Devonport. Mr. W. J. Lyon, Milford Picturedrome. Mr. Alan Donald, Presbyterian Hall, Belmont.