DOMINION’S WAR DEBT
EFFECT OF .RESUMPTION SERIOUS FINANCIAL STRAIN (Parliamentary Reporter.) WELLINGTON, this day. Although the British note to the United States relating to war debts gave a hint that if America insisted on the payment of the instalment duo on December 15 it might bo necessary for Britain to call on the Dominions to pay their share, the Rt. Hon. G. W. Forbes has not yet had any official communication on the subject. Britain agreed to postpono the payment of New Zealand’s interest on the funded war debt this year, resulting in a saving of £872,000 to New Zealand taxpayers for this financial year, and enabling the Government to budget for a much smaller deficit than was at first considered possible. If the Dominion was suddenly called upon to find this additional amount at a few days’ notice, the position would be very difficult, and would seriously embarrass the Government in its endeavors to straighten out the financial position.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/PBH19321206.2.48
Bibliographic details
Poverty Bay Herald, Volume LIX, Issue 17955, 6 December 1932, Page 5
Word Count
160DOMINION’S WAR DEBT Poverty Bay Herald, Volume LIX, Issue 17955, 6 December 1932, Page 5
Using This Item
The Gisborne Herald Company is the copyright owner for the Poverty Bay Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.