NO EVIDENCE OF “STRANGULATION”
PREMIER OK THE BANKS [Per United Press Association,] WELLINGTON, January 31. Most of the banks appear to have come out of the strangulation, process “ pretty healthy,” said the Prime Minister (the Rt. Hon. M. J. Savage), when invited to comment on the statement by Sir John Davidson that the trading banks of New Zealand, were being strangled. / “ One has only to look at the dividends paid by the various banka to find there is not much to support the complaint about strangulation,” Mr Savage said. All the Government wanted from the banks was a service that would permit the development of New Zealand to the full and make it possible for the producers of the country in all lines to have the benefit of their effort. As long as the country got that service there was no need for any Government to share the worries of bankers.
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Bibliographic details
Evening Star, Issue 23180, 1 February 1939, Page 5
Word Count
151NO EVIDENCE OF “STRANGULATION” Evening Star, Issue 23180, 1 February 1939, Page 5
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