MONEY IS SAFE.

Auckland Star, Volume LXX, Issue 55, 7 March 1939, Page 10

MONEY IS SAFE.

BUT VALUE LESS. "INDIRECT INCOME CUT." MB. HAMILTON'S COMMENT. (By Telegraph.—Press Association.) PALMERSTON NORTH, this day. "I'm frequently asked by people whether their money in the Post Office Savings Bank is safe," said the Leader of the Opposition, the Hon. Adam Hamilton, in tne course of an interview. "My answer is definitely 'Yes.' I do not know any safer place for money, but what I do want to point out is that people must bo just as concerned with the value of their money as with its safety.

"For instance, a person may have saved £750 to buy a house. He may have put the money in the Post Office Bank. Now, however, as a result of Labour administration and policy, he finds that the £750 which would" have built the required house a few years ago won't do the job now. Instead, £1000 is required.

"That is the type of movement that must be halted. It is not a difficult thing to understand, but it is a vital one. In short, it is an indirect method of making a cut on the income of a large section of good citizens."