MR FREEMAN AND CENTRAL BANKING

Press, Volume LXIX, Issue 20957, 11 September 1933, Page 7

MR FREEMAN AND CENTRAL BANKING

TO THE , EDITOR OF THE PKESS. Sir, —This morning "The Press" contained the best piece of news that we have heard for months. I am alluding to the statement made by Mr Coates that at last we are to have a central bank and not let the six trading banks in New Zealand have it all their own way. But to show what Mr Freeman knows about the Coalition's policy, when he spoke in the Sumner Town Hall, at question time I asked him three questions. The first was, "Did he not consider that it would have been better for the present Government instead of putting the exchange to 25 per cent, to have started a central bank and pay the farmers who needed assistance a bounty?" To this he replied, "Emphatically, no." My second question was: "What are your views on prohibition?" His answer to this was that he had none, which, as an interjector said, was no answer to the question. My third question was: "Are you a member of the New Zealand Legion?" To this Mr Freeman replied that he was not a member, but that he favoured their objects. This will clearly show what Mr Freeman knows. Here we have his party bringing down a Central Bank Bill which Mr Freeman says we do not want.— Yours, etc., S.W.H. September 8, 1933.