NEED FOR ECONOMY.

Waikato Times, Volume 102, Issue 17133, 21 June 1927, Page 11

NEED FOR ECONOMY.

SPENDING FRORE THAN EARNING

WIIAT COMMUNITY MUST REALISE

Speaking at the annual meeting ot the Trustees, Executors, and Agency Company, at Dunedin, Sir .lolin Roberts (chairman) said of the national outlook: —“At present it may be expected that a chairman of a company such as ours, with his linger on some of the facts operating, can prophesy what is going to happen. Whilst it is much pleasanter to speak ‘comfortably to Jerusalem,” I can only say this: that during the last few years we have, rfs a community, been spending 100 much, because it is really more than we have, as a community, been earning, and better times will come only when the people as a whole realise that they must work harder and produce more. This gospel has been preached from this chair on more than one occasion. The cry against the over-importation of the motor ear lias been very insistent during the last year, when the community as a whole fully realised the effect of the over-importation. The motor-car as an aid to business is a very valuable asset, but in many cases it has bad a destructive effect on thrift and economy.”