Page 17 Advertisements Column 1

Auckland Star, Volume LXVI, Issue 239, 9 October 1935, Page 17

(g —P) I r The Banks and , the Depression From Other Angles (1)" In my opinion It is not credit that is " lacking in New Zealand today, but " adequate markets overseas. I agree "with Lord Snowden's statement " 'that in the period of trade depres- " sion credit expansion serves no use"ful purpose; and that when the " markets are opened credits will be "forthcoming.' Whatever monetary " factors in other countries may " be at fault. New Zealand's crisis "at present does not appear to me " to be a money crisis, but a market " crisis, more grave and more difficult " than any we have ever faced, and " if that problem is solved the appar- " ent money problem will solve itself, " but not otherwise." Hon. W. Downie Stewart, in Report of N.Z. Monetary Committee 1934 (2) " England has not dabbled In mone- " tary experiments, but has adopted " certain prudent modifications of its "well-tried and almost traditional "system to meet unprecedented in"ternational monetary conditions " over which she herself had no con"trol, and today London is more " than ever the world's financial " centre. New Zealand has a system "similar to the English banking sys- " tem, and the manner in which the " banks in New Zealand have func- " tioned throughout an unprecedent- " ed depression is ample evidence of " their fundamental stability and " soundness. The Associated Cham- " bers of Commerce of New Zealand " Is therefore strongly of opinion that " local monetary experiments should " not be tried." Statement by THE ASSOCIATED Chambers of Commerce to N.Z. Monetary Committee, 1934. —Inserted by The Associated j v Banks of New Zealand. TH€ UJQRLDS IUONDER UJfILK r ; |j| m ill ■•' f track and Is full of absorb- fi lljjm m ing ' nterest fr ° m iad ® & iWwArroMo—l beautiful Lake Te Anau, to the comfortable and the many glorious holiday excursions that abound in this country of ours. There is the unique wonders of the Waitomo Caves; the beautiful Wanganui River; Mt. Cook; Mt. Egmont; Lake WaikareAsmxai* moana; Stewart Island; the # • •:/ Chateau Tongariro, National Park; Lake Taupo; Rotorua or ,''j \ Wairakel; the great Southern JLakes; the Franz Josef and * Fox Glaciers. Let us help you to plan your ...j holiday. It will cost you nothing extra and will save you needless worry and expense. Consult your nearest branch i — or agency of the GOVERNMENT TOURIST BUREAU. WSBk croa» d JM To All Who Wear iJH ARTIFICIAL PMB TEETH M) GET THE FULL FLAVOUR p; . Have a " DENTAFORM" in n| ESS d 'PLATE rk) W., Fitted and Eat in Comfort. 'V>f £4/10/- A Written Guarantee for 5 Years Maßr PER SET. with every " DENTAFORM " Set- \ f PREMIER DENTAL yjtdm -Ist FLOOR, SHORTS BLDG., 154 QUEEN STREET, Opposite Colonial Mutual Buildings. Telephone 42-653.