QUERY?

Bay of Plenty Beacon, Volume 5, Issue 47, 1 May 1942, Page 4

QUERY?

Sir,—Could you or your readers ,, enlighten me on this money busM ness? Recently I was in a queiub-inr the Wliakatane P.O. A person A%o* cut of the Post Office Savings Bank £100 and paid it in again for a Bomber Bond. I understand deposits are invested with the Government. Is this not therefore sifijy>ly taking money out of one poojjßH and putting it back again work that accomplishes Having no funds in the I wondered whether a similar actioe on my part would really assistjae country's effort. necessitated me Bank of New Zealand fof an rncWase in my overdraft) in which case I would draw on my account for £100 and pay it into the P.O. who would pay it into the Bank of New Zealand, again. Would it not be simpler if the Government went to the Reserve Bank and arranged the same thing against the country's credit? Has not the Government done that already for housing and ether ohiefjg? New Zealand raised £'2,600,000 for Bombers. Is there one. more Bomb-: er? Will the fact that we have raised that sum make one iota of difference to the ability or willingness of America, Australia, or Britain to produce bombers? A week after the sinking of the Prince of Wales, the City of Edinburgh raised £15,000,000 to replace the battleship. That Was months ago. Where is the new Prince of Wales, so generously subscribed by Edinburgh? Is there one more keel on the slipways because of the subscription? Hew could there be when the subscription was figures, not men or materials? Yours etc., r , DEMOCRACY. -