The Economy
Sir, —Following on Francis W. Heal’s statement, it would appear that surplus money should be “frozen” or destroyed. The internal loan enables the Government to use this surplus on necessary works, benefiting the country and providing employment. The money certaily goes from one pocket to another: that is how we all progress. The point is for all to putt proper value into this money: otherwise it is only a heap bf paper. As for this “deep freeze”: about 1940 a man builds, say, a chimney, all materials New Zealand pro- . ductions, and receives £7 10s; he "freezes” it and today takes it to get one built for himself. “You need £5O now, old boy.” The chimney remains the same, the money seems different. Six to 10 weeks to build a house then; six to 10 months now; £650 , then, £4OOO now. Carry on, F.0.L.; we are almost out of the world.—Yours, etc., B. CONSTANT. November 29, 1961.
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Press, Volume C, Issue 29684, 30 November 1961, Page 3
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159The Economy Press, Volume C, Issue 29684, 30 November 1961, Page 3
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