An exporon ole fen wal Pee" ghee Council atid the need for economy sivan by Mr, H. E, Arnhold, fle Catia memo St Boys on Dec. 4, Mr. Arnhold ex-Bialtca the results of the Economy ominitter's efforts and uttered the warlling that next year more drastic measures must be adopted to cover tHe deficit and although it was im-Poesia to foretell what measures fen tS hati 1 a lo Aad Whilst there ah understanding, that Members of the Council do not absolutely essential, has been delayed. The only sound polley to} pursue is (o balance income and ex: penditure even if this involves increase in rates, and to borrow for purposes of caplial expenditure. If we continue with an unbalanced budget it wilt gradually become mote and" more dificult to borrow on reasonable terms the money required {for capital expenditure.
Text read from the printed page and cleaned; old type leaves the occasional error.