The Financial Position.
" For six years in succession Maoriland's exports have been, on the average, £8,000,000 in excess of her in> ports, the total excess in the six years bping more than £18,000,000. And yet the province has paid off none of the principal of her public and private debts in this period, and has even failed to pay the whole of the interest ; in other words, Mnoriland has been running into debt. When the exports for the year are £3,330,000 in excess of the imports, then she is just keeping the account square with her outside creditors; when the excess is less than that, she is getting deeper in the mire; when it is more, then she is paying off a fraction of her vast liabilities. .... Altogether Australasian finance can best be depicted by a very small man trying to shove a very big boulder uphill. He loses an inch all the time he is doing his best, and when he eases off the strain for a moment, he loses a yard or two, or from that up to a mile and a half, before he knows where he is. Then he desperately buckles to again, and when he only loses a foot or two he calls it satisfactory progress."—Sydney Bulletin.
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Bibliographic details
Opunake Times, Volume II, Issue 65, 15 February 1895, Page 4
Word Count
212The Financial Position. Opunake Times, Volume II, Issue 65, 15 February 1895, Page 4
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