ECONOMY PROPOSALS
"PARLIAMENT’S DUTY AN URGENT ONE.” (Per United Press Association.) Christchurch, March 12. Commenting on the national expenditure report, Mr W. Machin, president of the Associated Chamber of Commerce, said: “Quite a lot of people may object to those portions of the report which affect them and curtail their privileges or even their rights, but once agree, however, on the fact that our charges on taxation are much too high and cannot be ( niet to-day without drastic economies and you give the commission its entire case. The proposals with regard to tho reduction in interest rates are sound and appeal to me because all along I have felt that the Government bondholders and debenture-holders would respond to an appeal for conversion at reasonably lower rates of interest. What the public wants to know immediately is whether Parliament is going to put all these suggestions into force now that they have been made. Parliament’s duty is an urgent one.”
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Bibliographic details
Southland Times, Issue 21652, 14 March 1932, Page 4
Word Count
159ECONOMY PROPOSALS Southland Times, Issue 21652, 14 March 1932, Page 4
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