INTERNAL LOAN FAVOURED
WORK FOR THE UNEMPLOYED
PROGRAMME OF CONSTRUCTION.’
COUNTRY’S TWO. ALTERNATIVES.
AUCKLAND MAYOR’S OPINION.
By Telegraph.—Press Association. Auckland, Dec., 21,
The Mayor, Mr. G. W. Hutchison, on his return to-day from Wellington, where he discussed with the Unemployment Board the Auckland City Council’s scheme to provide constructive work for unemployed at current Wage rates, said;— , - ■ “It seems to me that the problem has resolved'itself into two major considerations. Either still more taxation will need to be imposed to provide the necessary funds to enable more adequate rates to be paid for unemployment Work, or the Government must go to the country for an internal loan for the resumption of both national and local public works of an essential nature, the interest and sinking fund to come out of unemployment taxation.” . .. As taxation had reached the limit Mr. Hutchison though the loan proposal should be considered. The resumption of useful work would react for the benefit of the whole community. For this season ’he heartily disagreed with the recommendation by the National Economy Commission that future capital works must be carried on out of revenue.
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Bibliographic details
Taranaki Daily News, 22 December 1932, Page 7
Word Count
186INTERNAL LOAN FAVOURED Taranaki Daily News, 22 December 1932, Page 7
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