Mostly they agreed in actions that were neither profitable nor excessive, and in extravagance in living. The law did not prevent this borrowing, so it was expected that the expenses of this group would decrease. This is what appears to be the reality now. In general, it is fair to believe that the law is beginning to yield the good results that were expected of it, and that it is leading the small landowner to the secure and independent financial standing that is essential for the country's happiness and well-being.
It is undeniable that the assertion of the small farmer's need for financial confidence leads to the assertion of the necessity of establishing a broad system of borrowing that opens other doors for farmers to replace those that this law has closed in their faces. However, the borrowing intended by the law narrows the means of assistance rather than opening new ones, as presented. The best guarantee for establishing agricultural confidence and benefiting from it is the guarantee found in the cooperative system. It is worth mentioning in this context that the efforts of the existing agricultural cooperative societies have been directed towards benefiting from and utilizing the purchase of goods in bulk through the cooperation of their members, rather than lending to members.
The measures currently under discussion are particularly aimed at improving the condition of the small farmer, and it is believed that they will greatly assist in improving the overall economic situation. At the same time, the government has directed its attention to developing the country's wealth resources and utilizing the latent powers as its finances allow. It has begun land reclamation and improvement works in vast areas, focused on increasing irrigation water and organizing its distribution, and on other profitable projects. If the people support and assist the government in these matters, the country's wealth will soon grow and expand until the region reaches the high economic standing it deserves. This is through natural resources supported by systems and the diligence of its people, directed towards work, and by the consolidation of the pillars of security guaranteed by its "government."
The following statements were obtained from the Financial Advisor's memorandum on the government's financial situation, and I agree with the financial assessment presented therein. It appears from the following that the budget format and the method of controlling appropriations have been greatly modified. Furthermore, the government is considering taking measures to improve the system of auditing accounts. The government has realized that it is advisable to change the date of the financial year for reasons mentioned in the Financial Advisor's memorandum. This change necessitated the creation of a budget for the period between the end of the past financial year and the new financial year. In my opinion, the change that has occurred is a very important reform in the country's financial administration, and the officials who proposed and completed it deserve great credit.