THERE WILL BE A DEFICIT

Stratford Evening Post, Issue 64, 21 March 1929, Page 5

THERE WILL BE A DEFICIT

STATEMENT BY SIR J. G. WARD.

RAILWAY POLICY OF GOVERN-

MENT.

INVERCARGILL, Last Night.

Sir Joseph Ward stated to-night that the revenue wculd not equal the expenditure at Marfth. 31 and the country would face a deficit. This could be safely negotiated in the coming year, but it meant that the Government would have to have the assistance of the people to equalise the position in. the coming 12 months.

He (had no anxiety about that and he mentioned it merely to prepaid the country for the position that would be disclosed by the publication of the statement of accounts very shortly.

The short railway lines. Sir

Joseph said, were not paying and nothing further would be done in extension of short lines. The Government would concentrate on long lines and main trunk railways. The solution of the unemployment problem lay in land settlement and this would be pressed foiward without delay as soon as the .Government was in possession of all the facts.