PURCHASE BOARD FOR NEW ZEALAND

Otago Daily Times, Issue 17871, 28 February 1920, Page 10

PURCHASE BOARD FOR NEW ZEALAND

AN IMPORTANT PROPOSAL. IF bom Oca Own Cobbsbpordint.) WELLINGTON, February 26. A conference of representatives from tho various Government Departments lias been sitting here for some time discussing tho proposal to form a Central Purchase Board far New Zealand. It is probable that such a board would save the country hundreds of thousands of pounds in tho course of a iew years. At present purchases aro made' in a rather haphazard measure, and accounts s&ow that often one department pays a good deal more than another department for an exactly similar article. Recently JJ heard of- ono department having scrapped a; considerable quantity of material regarded as useless; yet it was bought by another department at quite a good price. A simiIfljj,, innovation in London by means of which the buying would be in expert hands would, it is stated, also save the dominion large sums of money. Incidentally it mayv be mentioned that experts think that a considerable saving might be made in loan flotations in London. Tho.recent war borrowing in New Zealand revealed the fact that tho cost of floating, a loan here is much less that it JB,,ih England.