FURTHER ECONOMIES.
COMING FINANCIAL YEAR. DROP IN REVENUE. WELLINGTON, April 5. The necessity for further economies in Government expenditure was again emphasised by the Prime Minister (the Rt. Hon. G. W. Forbes) to-day. “It is obvious,” said the Prime Minister, “that there will have to be further economies during the coming financial year. New Zealand must remain sov vent, and the only way to achieve that is to bring down the expenditure in keeping with the revenue. The national revenue will be further reduced as a result of the fall that has taken place in butter values, and the only way to keep the country on a sound footing is to cut expenditure/'
Asked if he could indicate the form which the economies would take, Mr. Forbes said that it was too early to do that in any detail. There would have jto be a further reduction in Departmental expenditure, and that would no doubt involve a cutting down of Departmental services.—(P.A.)
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Wairarapa Age, 6 April 1933, Page 5
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162FURTHER ECONOMIES. Wairarapa Age, 6 April 1933, Page 5
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