GOING TO LONDON
FOR ANOTHER LOAN PRIME MINISTER SAYS BORROWING IS ESSENTIAL. AFTERMATH OF WAR. The Government had been told that it should borrow no more money, Baid the Prime Minister, in the House of Representatives last night. It was quite certain that they would have to raise another loan in London before they were through with the aftermath of the war. Mr Veitch: How much? Mr Massey: I don’t know yet. Mr Massey said that he agreed that borrowing increased taxation, unless there was got back from the expenditure of the borrowed money a sum to cover the interest charges. It was all very well to say that there should be no more borrowing, but if they did not borrow, what were they going to do about the hydro-electric works? Were they going to stop them? What were they going to do about the uncompleted railways? Were they going to stop them"? And' what 'about the unemployed? There never was a Government who tried harder to conserve the interests of the country. Mr Veitch: The only trouble is that you did not know how to do It. Dr Thacker: You did not start soon enough.
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Bibliographic details
New Zealand Times, Volume XLIX, Issue 11305, 2 September 1922, Page 5
Word Count
196GOING TO LONDON New Zealand Times, Volume XLIX, Issue 11305, 2 September 1922, Page 5
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