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STATE BANK PLAN

FARMERS disapprove

comment at conference

P -A. WELLINGTON, this day. inSm? Pr °7 al ° f the Government's shares o,n ti° take ° Ver the P rivate for S -V he Bank of New Ze aland, datP f had obtained n o manby a Tank P e °P le . was expressed annual rnnf™ resolu tion of the land Farme^ n Uni o on. the M; eW B Ze lSd m tL ( sa ok North ' ) - sub;

Jy tbe t b h a " k went they were a long isn{ said M r r° a R to o Con^F let t e SOCial " (Wanganui) Mr They M °to^°ake r a action bu? lf W ?, S a S i 2, u . t they were fighting for whofe way" 0 6 ey Sh ° Uld g0 the

distrirt harf + (Feilding) said his enop tn o' i S * im t0 the conferi 2, u k , • for leadership. They fp?-pnr 0 behmd any action the coneie"'recommended. They wanted wprp n^ Ctl °H- as to what to do, and getting it. That feeling not confined to his district only! anp<^ a Tf e +L to hack some assura nrt rln I tw y We ,V e ° nl y t0 sit down and do nothing all was lost.

Buckleton (Mahara) suggested that the conference stand adjourned to ascertain what actions tne Government would take regarding banking legislation, the census, country quota and stabilisation. J 11 ?. would enable the organisation of direct action to combat the Government s intentions, which were a direct attack on the farming community and the foundations of freedom and democracy.

Mr. R. W. Dunning said a comn ± Ju e on action was set up at the 1944 conference, but nothing had been heard of it.

Mr. W. W. Mulholland, the president, said he had informed those concerned that he did not think the union would take part in the businessmen's deputation to Parliament, but it might take similar action on its own account.

. The farmers would be unwise to rise in simulation of wrath on this issue, said Mr. J. H. Furniss (Auckland). They had in the past surrendered to expropriatory acts, the effect of which on the farmers were greater than this one might be. What support had they reecived from businessmen in the years gone by? He did not approve of the taking over of the Bank of New Zealand, but for years they had allowed unjust acts to affect them and did nothing but pass motions. They would be called on at no distant date to conserve all their energy to defend their own interests. They must not dissipate their spiritual and material resources on issues that did not vitally concern them. They should concentrate on such issues as preventing the nationalisation of their produce, the country quota and the unbearable burden of hospital taxation.

Mr. A. E. Robinson (Auckland) said that when they fought for agricultural banking, 'the Bank of New Zealand was their biggest enemy. When they got intermediate credit the bank howled for a counterpart and got it, using the funds, in part, to finance a film company in Christchurch and a theatre in Auckland.

It was decided to set up a com mittee on the bank question.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AS19450719.2.9

Bibliographic details

STATE BANK PLAN, Auckland Star, Volume LXXVI, Issue 169, 19 July 1945

Word Count
540

STATE BANK PLAN Auckland Star, Volume LXXVI, Issue 169, 19 July 1945

Working