Devaluation

Press, Volume CVII, Issue 31539, 29 November 1967, Page 16

Devaluation

Sir, —I do not even known what “sartor resartus” means, so obviously your correspondent is a person of more education than I and I am therefore delighted to find his views somewhat in tune with mine. Here we have two groups of people, each with the one aim—personal and private gain. “The professional worker or business man” leaving New Zealand does so for his own advancement no less than the migrant worker who came here (with complete acceptance at that time). I cannot see why one group deserves sympathy and the other does not.—Yours, etc., M.G.F. November 28, 1967.

Sir, —Devaluation by Britain’s Labour Government must mean that they have now broken nearly every rule in the Socialist book. A wages-price freeze, huge unemployment, inability to end the London dock strike, attempts to get into the E.E.C. which at one time they were not interested in, hints of a “means test” for social security, and now devaluation and a request for stand-by credits of BUSI4OO million. Mr Kirk’s only criticism of our devaluation is in going down to par with Australia and tbe fact that farmers may receive a slight benefit. Australians appreciate the advantage to New Zealand and in showing their alarm show Mr Kirk to be wrong once again. Farmers who remember the way a former Labour Government

appreciated our exchange to hit the farmers will realise that under a Labour Government farmers would once again have had everything loaded against them.—Yours, ONCE BITTEN. November 26, 1967.