EXCHANGE INFLATION
INTERFERENCE CONDEMNED
Criticlsiji.g- the Government's interference witk the natural movement of the rate of exchange, and the assumption by Parliament of the liability for the • consequences of such interference so far as they affect the banks, Mr. T. L. Ward, president of tbe Wellington branch of the New Zealand Society of Accountants, speaking at its annual meeting on Thursday, said that it was impossible to foresee hjbw far-reaching the consequences of such interference might prove to be in other directions ultimately. "Members of our profession are entitled to ask themselves whether such political interference is, in principle, sound or unsound," said Mr. Ward. Our whole training as accountants teaches us to value principle. No matter what problems we aro faced with, there is only one sound foundation on which to build our solutions, and that is upon, a foundation which is sound in principle. "I was much impressed by the remarks of the chairman of one of tho leading1 British banks to the effect that, in the midst of the complex and vast problems confronting the world, the tendency in England was to rely more and more on.old and well-tried principles which were proving effective in helping England to emerge successfully out of the welter of world troubles." ,
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Bibliographic details
Evening Post, Volume CXV, Issue 77, 1 April 1933, Page 12
Word Count
210EXCHANGE INFLATION Evening Post, Volume CXV, Issue 77, 1 April 1933, Page 12
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