BANK OF NEW ZEALAND

Press, Volume LXXXI, Issue 24614, 10 July 1945, Page 2

BANK OF NEW ZEALAND

Sir,—ln reply to "No Confidence," I carry no torch for the "self-appointed and inexperienced people" who have announced their intention of taking over control of the Bank of New Zealand, but in fairness to them, I may say that depositors in private trading banks also received letters inviting them to invest in the Victory Loan. It was an appeal for help, not a violation of the privacy of banking business. To my way of thinking, money lying idle is a menace to the well-being of any country; and if investment of this idle money will help to reduce the load of debt New Zealand carries, then let us not condemn, but give our support cheerfully.—Yours, etc., N.Z. MOTHER. J\ily 9, 1945. Sir,—ln answer to "No Confidence," I, like many others, always received a letter from the Post Office Savings Bank, with my name and number, advising me to put into the loans. Also, the Reserve Bank did not forget me. I have put into every loan through my bank, except the last; and I thought if the Government was going to take over the Bank of New Zealand and our private shares, well it could well afford to finance its last loan. Now I think it would be a good plan to remove my post office savings.—Yours, DISGRUNTLED. July 9, 1945. ["Tonikos" may, if he wishes, briefly reply; otherwise, this correspondence is closed.—Ed., "The Press."]