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Evening Star, Issue 19351, 10 September 1926, Page 12

The concluding lecture of the railwaybranch of the Workers’ Educational Association was again well attended. The subject of the lecture, ‘ Arguments Against the Establishment of a State Bank,’ proed to be a subject full of interest, and was closely followed by the class. The following wore the chief subheadings-—(1) That the existing arrangement with the Bank of Now Zealand is of more alue to the dominion than a State hank would be; (2) that, compared with the Commonwealth banks, the Bank of New Zealand returns greater benefits; (3) that the Associated Banks of New Zealand are not in possession of a monopoly; (4) that the high profits earned by _ the banks are not an evidence of exploitation, but of economic management; (5) that a co-ordinal objection to State banks lies in the unreliability of Governments; (6f that State control would be bureaucratic control with all its associated disadvantages.