8.—3,

1932. NEW ZEALAND.

ECONOMIC COMMITTEE (REPORT OF THE).

Laid on the Table of the House of Representatives by Leave.

Wellington, February 24th, 1932. The Eight Hon. G. W. Forbes, Prime Minister, Wellington. Dear Sib, — In accordance with your instructions and the Cabinet minute of the 12th instant "to examine the economic and budgetary position of the Dominion and submit a report to the Government thereupon," your Committee met in Wellington the 13th and on each successive day up to date, and now respectfully submits ts Report, attached hereto, for your consideration. We draw your attention to the fact that certain sections of the Report—viz., VI and XII, and Table Vlll—contain quotations of figures and other information which have been handed to us in confidence. The other members of the Committee desire to express their appreciation of the degree to which the investigations of the Committee were facilitated by the assistance rendered by their colleague Mr. Park, Secretary to the Treasury. The Committee would also express its thanks to Mr. Ashwin of the Treasury who was constantly in attendance, as well as to the permanent heads of Government Departments who provided the information required with promptitude and care. Yours faithfully, James Hight, Chairman. H. Belshaw. D. B. Copland. A. D. Park. A. H. Tocker.

I—B. 3.