NEW ZEALAND’S FINANCIAL STANDING

Press, Volume LXXV, Issue 22850, 25 October 1939, Page 13

NEW ZEALAND’S FINANCIAL STANDING

fTO THE ZDITQR OW THE PHE3S D. C.- Davie considers grume opportune to tell the London Spiers exactly what New Zealand "yifcs about them. ttW reasonable *° ask Mr Davie on Mt lines he would proceed, and at Mt point the financiers at Home have H®®, antagonism? ft is pn record Mr Nash considers he received I*®? possible help while he was in would be difficult to know jMI New Zealand would have done fjf.aot Mr Montagu Norman taken wide-minded view of the situation, JJJW'elped New Zealand in its dire pjk® fact that we have plenty of rr’ey of a sort in New Zealand does jJL ®®:m that it can produce real or rea ’ Payment in London. InlOfirf , rnf ’“ ns absorption of available nr? 3 locally, and. in consequence, a rJMDd for more London funds. As funds can only be produced by S}"> wool, butter, cheese, etc, it is SJttilt to know how Mr Davie would rySfit the situation. He surely would that capital at Home would S**“®aly decide that Kcw Zealand financial help and it should supJc “e funds, notwithstanding its poor gj®ceof being repaid in the near fu--s*- Definitely the man with money !* bonaon is shy of New Zealand at moment. and rightly so. be tremendously interesting Wr'ffw how Mr Davie would get over fo lfc?c ulty - 1 am afraid his advice he3Lf?P- a ? s must of necessity go un-™*%--Ycurs, etc., QmXiL' SIMPLE SIMON. 2\ JE39.