Hurunui

Press, Volume C, Issue 29535, 9 June 1961, Page 7

Hurunui

Sir, —"By the Wayside" has' had his little joke. Appar-lj ently he does not realise thel significance of a word used, in inverted commas. Be should have learned that at i school. He says we should not condemn the Govern-! ment before we know the. contents of their first Bud-! get. Surely we are being well' conditioned for what is -to ■ come. Increased electricity; and postal charges. Mr Lakei has said they cannot reduce | taxation overnight. Is he rebuking his leader? Your cor- i respondent asks what I want, ‘ That is simple. I want every I past and present Labour sup- ; porter, also disillusioned Nationalists, to go to the poll I on June 10 and let Mr Holyoake know what Hurunui thinks of his "honest” gov-1 eminent. The present goverh- ■ ment is in power solely be-1 cause misguided electors ab- ( stained from voting at the] last election. This is their first opportunity to rectify i that error.—Yours, etc.. ! TOM BRYCE. ; June 7, 1961. Sir.—Cannot John Forster’ give specific answers to my j specific questions? He avoided ’ that by a vague resume of | Social Credit philosophy. For! instance, a true answer to I my questions would show! that Social Credit has not I and will not give justice to I all (witness the unemployed! of British Columbia). Then! again. Social Credit <as well! as National politicians) con-| demned the steps Labour took towards bringing credit under State control. Why not hasten the process by backing Labour? The present "debased” currency buys all the goods and services produced. Does John Forster think that the vaguely “different but hon-i est” currency (spoken of by: Mr Cracknell) will buy more] goods than the workers pro- • duce? That would be a mod-( ern miracle indeed.—Yours, etc., A F. PALMER. | Waimate, June 6. 1961. Sir, —Mr Cullen closes his! eyes to the monetary reforms | under Labour: 1935-49. Re- j serve Bank and Bank of New j Zealand made State banks;; interest rates reduced; Gov-1 ernment loans 2J-3 per cent.; j average first mortgage, 3.98| per cent.; Reserve Bank credit issued in the public (interest; overseas exchange’ and import management in-! troduced; exchange rate ’ moved to parity with sterling. But in 1949 the Socreds lined up with National to prevent further reform. 194957, anti-monetary reform measures by National with Socred support. 1957-60. under Labour. Reserve Bank Act amended to affirm the sovereign right of the Crown to control credit and cur-( rency in the public interest: I Reserve Bank credit used; I interest rates lowered again;I refused to join World Bank.' 1960: Postal Settlement ser- j vice Act to save the people | £l4 million a year. 1960. ’ National elected with Socred! support: interest rates increased again; £5O million bank credit issued by trading banks. April, 1961; decision to apply to join World Bank —Y ours, etc.. T. H. BITMEAD. June 7. 1961. Sir.—Mr A. J. Lilley asks I why Social Credit failed to win the Saskatchewan election. That province has been the stronghold of socialism .in Canada. The C.C.F. party has been in power there for many years. The last election was fought on one basis only, that being free medical 'insurance. It is still a puzzle !how they are going to pay for it in one of the poorest provinces in Canada. What is most significant in that election. was the gain made by the opposition parties. Social Credit did not have a full slate of candidates. Liberals and Conservatives made marked gains. Socialism. as in Saskatchewan, is. quickly losing out in the rest of Canada with the result! that Labour is. now organ’s-’ ing an entirely new party. The most eagerly fought! ! election in British Columbia j !in 1957 at a time of high un- ’ ! employment lost the Social ! ’Creditors only two seats.—> Yours, etc., A CANADIAN. I June 7, 1961. Sir, —Mr Holyoake says his’ Government did not panic I when it took office but ob-; iviously his Government was’ too panicky or nervous to handle the economy, so handed it over to a handful of economists. These econ- ’ ’omists are working with fig-! i ures and balances with little! ! regard for the people or ! social benefits. If the Gov- 1 ernment joins the World Bank. New Zealand will experience a comple’e rever- ; sal of its way of life. The Labour Government capably ! controlled the 1935 and 1957 crises with its planned economy. and .still retained social benefits and human rights. What a difference from National Party economics! 'Tlie Government is heading toward the exit doors as did the George Forbes Government.—Yours. etc., HURUNUI. June 7, 1961. Sir. —We hear a lot about who we should vote for this coming Saturday May I make a suggestion? A vote for Labour would not be any help to the country A vote for National? Well, they can get along without it. Going by repor’s the country is in a mess. Why not vote Social Credit and see if they have something constructive? —Yours, etc., GIVE THEM A CHANCE June 8. 1961. No letters on the by-elec-tion will be printed tomorrow. polling day.