LEAVING IT TO THE EXPERT.

Auckland Star, Volume LXIV, Issue 172, 24 July 1933, Page 6

LEAVING IT TO THE EXPERT.

In Saturday's "Star" there is an extract from the Christchurch "Press" which, makes amusing reading. The whole burden of the writer's song is "Leave it to the expert," but this does not deter- him from making a very unintelligent criticism of resolutions passed at the Farmers' Conference. The farmers were unanimoiisly in favour of "a controlled internal monetary system," but were opposed to the proposed Reserve Bank of New Zealand Act. What the "Press" writer does not mention is that the Government proposal would hand tlie Central Bank over to a joint stock company, the shareholders in which need have no more expert knowledge than the farmers, and whose main object would be to obtain a good investment for their money. This question of leaving it to the expert is not as simple as it seems—we are all in favour of leaving the bank to be managed by the banker —but in whose interests? The navigation of our ship must be left to the captain; but we tell him where to go and what freight to carry. We demand a doctor to set our bones and cure our ills, but he insists that we observe certain rules of health. In brief, there must be intelligent co-operation with the expert. We are satisfied to let the cook prepare our meat, but we reserve the right to say whether we prefer kid steaks or '•Press" hash. J. S. MONTGOMERY.