LETS ITSELF GO

Feilding Star, Volume 8, Issue 2504, 24 August 1931, Page 8

LETS ITSELF GO

AGAINST NEW ZEALAND ANOTHER ATTACK FROM I.ANG ORGAN GROSS EN AGG ER ATIONS (Aust. and X.Z. Cable) (Received August 24, 2 p.m). Sydney, August 24. With a, front streamer right across the page “R.O.S. from the Land of Propaganda” the Labour Daily says: "How' correct was this paper's recent diagnosis of the financial u.nu economic position in New Zealand may be gauged by the cablegram from Wellington printed here on Saturday. Panic has seized tlie Tory Legislature in the land of Forbes and Coates since this paper’s criticism awakened the slumberous Dominion to the realities land' there has been a real stocktaking. Niemeyerism—a mere slashing of

earnings—bits failed even more dismally thaoi in all the other countries where thy Otto blight ha* fallen. For two years the New Zealand Tory press cloaked the perilous -position over there by drawing attention every day to the shocking, example of Australia.

Tlie result of this slandering of the Comonwealth is that our securities depreciated by 25 to 35 per cent, below par. while those of New Zealand have gone up to a premium of £7 10s to £l7 10s above par.' * Had the propaganda been the other way these prices would have been reversed in favour of Australia and against Now Zoa.hHnd'.