MR SAVAGE ON MONEY

Press, Volume LXXV, Issue 22656, 10 March 1939, Page 15

MR SAVAGE ON MONEY

TO THE EDITOR OF THE PRESS Sir, —In Tuesday’s issue of “The Press” Mr R. T. Willan, Rangiora, contributes a letter on the above subject, in which he accepts the dictionary meaning of "money” as “gold, etc., and used as currency.” In accepting this meaning, can he inform your readers why no gold coins are used as currency to-day. Will he also inform your readers why gold once sold to a bank or mint, etc,, for which paper money was received, Is not allowed to be bought back for paper money or indeed allowed to be purchased at all. For a sample of financial thimblerigging may I refer him to the article on page 11 of your paper for March 6 entitled “Bank of England Return,” “Effect of Currrency Act,” and to advise him if New Zealand was fortunate enough to have such an enactment on its statutes as the Currency and Bank Note Act referred to, what an easy path to “ready currency” our capable Finance Minister would have. —Yours, etc., J. HILL, Conway, March 8, 1939.

TO TUB EDITOR Or THE PRESS Sir, —Mr Adam Hamilton is afraid there is not going to be enough money to go round. There is more than enough were it only more evenly divided. Can women who suffered privation with their families forget the recent slump? What did Adam Hamilton do then: kept the worker down on a starvation wage, and would he not have liked to have kept him down, too? Out of sheer necessity I have worked daily and in my travels I find selfish women as well as men in Mr Hamilton's followers. These women live in comfortable homes and have much in excess of their needs, yet they begrudge another enough to live. Their men come home to lunch in a new car, not on an old bicycle. Yet I have been asked by both men and women: “I suppose you voted for Labour?” First, it shows ignorance, and second, I would be termed rude if I asked whom they yoted for. Needless to say, I have no need to ask. They are afraid to lose a few pounds of their hoarded wealth and not content with luxurious homes, they begrudge a worker a decent home to live in and call it Government waste. The present Government has much dirt to sweep up, left by the other Government, so give them a fair chance. Rome was not built in a day. One thing we still have here is our liberty and freedom, yet “if life was a thing that money could buy, the rich would live and the poor would die. Yours, etc., ’ Is 3d AN HOUR, March 9, 1939.