THE CRISIS AND ITS CAUSE.
We implored the Government- to re-trench-when times were good, and when retrenchment would have caused little or no suffering. They piled on another half-million of expenditure last year, and then, finding money getting tight, they became alarmed, and turned, on the retrenchment brake -with a jerk and a bang, in other words, retrenchment has come at the" worst possible time, when it must increase the distress and the want of confidence, instead of improving the position. No doubt it is necessary, and must. bo gone on with, unless wo are to drift from bad to worse. Most fortunately, we have had a splendid season, the price, of wool and of wheat have gone, up, and the commercial outlook is improving, if only the confidence of investors eon I'd bo restored, there is no reason wliy employment should not again be plentiful and the people prosperous. Hut we. shall have to shake ourselves free from faddists, and from those who •trout the possession of land or other forms of capital as a crime.—Christchurch “Press.”
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Gisborne Times, Volume XXVII, Issue 2554, 15 July 1909, Page 7
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178THE CRISIS AND ITS CAUSE. Gisborne Times, Volume XXVII, Issue 2554, 15 July 1909, Page 7
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