The economy

Press, Volume CX, Issue 32458, 19 November 1970, Page 16

The economy

Sir, —Roger Blair refers to Mr Kirk’s latest clarion call for new policies. One is that regarding "pairs.” Some months ago he expressed pride in not wanting to make indispositions of health pregnant with political possibilities. Now he "wants to. It reminds me of a Churchill story that after asking a House of Commons Washroom attendant for his greatest thought in 40 years attendance, he got: “This is the only place where members are sure of what they want to do.”—Yours, etc.,' A. B. CEDARIAN. November 18, 1970. Sir, —“A. B. Cedarian” (November 14) is quite correct in stating that our present financial system was devised in Elizabethan times. He has unwittingly “belled the cat” with- this statement and I

would like to point out that since then there has been an Industrial Revolution and we are now in the throes of a colossal technological revolution. What the world needs now is a financial revolution to keep pace with our everchanging way of life. Financial experts close to the Government have estimated that the value of our currency and savings could drop as much as 12 per cent this year. “A. B. Cedarian” calls upon God to “save his savings from tricky Social Credit.” Whom do the people of this country call upon to save their savings from this present obsolete, dilapidated financial system?—Yours, etc., J. P. McMAHON, Westport, November 16, 1970.