LABOUR POLICY.

Waikato Times, Volume 119, Issue 19913, 16 June 1936, Page 9

LABOUR POLICY.

i (To the Editor.) Sin—l suggest that “Tribe of Job" studies accountancy before dipping his pen in ink. He states: “Surely Mr Holmes does not want the country to abolish the Budget? 11’ so, how are people going to find out the state of our national finances?" I would simply put the Budget into the waste—paper basket for What it is worth. it is worth nothing, not even the paper it is written on. Fancy giving the shareholders or a limited company a rough cash statement instead of proper accounts! some shareholder would want to know about the assets and liabilities. And. Sir, that is What I require of the Minister of Finance—a true and correct record. without any camouflage or secret reserves.

The evidence or the guaranteeed price being fundamentally in error is found in the method of computation. To base the price upon an average figure of eight or ten years does not solve the question. To compensaie the farmer for the dlfl'erenccs in the index tigure of his overseas price and his New Zealand price. which is roughly a difference of 50 poinls, I's ihe svientiflc basis of the equation.

\\'lizit "Tribe of Job“ does not realise is the fact that the Labour Party has not dealt with the money problem; it has not dealt. with the farmer. These first essentials have not been solved. and time is short. Delay is dangerous. Within 60 days the finan—cial problem could have been settled. They have been in office 201 days to date. They have tampered with the matter and given us extraneous mea—sures dealing with industry. etc., which will bring about their downfall. \Ne still have taxes, levies, 61.0.. to pay which should have been abolished months ago—l am. eto.,

‘ WATSON HOLMES. Hamilton, June 12.