“TELL US NOW”

Gisborne Herald, Volume LXXI, Issue 21582, 8 December 1944, Page 6

“TELL US NOW”

BANK SHARE STORY MR NASH NOT DRAWN ' interlude Tin house (P.R.) WELLINGTON, Dec. 8. Reference to the question of the Government taking over privatei.vowned shares in the Bank of New Zealand was made by Opposition members when the Minister of Finance, flic Hon. W. Nash, was replying to the second raiding debate on the Land and Income Tax Amendment Bill in the House of Representatives yesterday. Mr. Nash, referring to rehabilitation, said he would affirm that that which nrivate enterprise could do better than the State private enterprise should be helped to do. “You said the Bank of New Zealand could do it privately and now you arc going to take it over.” declared ttie Leader of the Opposition, Mr. S. G. Holland. He asked the Minister how he squared the two statements. Mr. Nash suggested that Mr. Holland should wait until the story was told. Mr. Holland: Tell us now. Mr. Nash: Its not bed-time yet. 1 will tell the story when the time comes. Mr. F. W. Doidgo (Opp. Tauraugn): That will be the day. Mr. K. .1. Holyonko t'Opp. Pahiatun): Which story is the Minister going to stick to? “I will look forward with _ great 'interest during the next session of Parliament to" see what will be the move of the Government in relation to the Bank of New Zealand.” said Mr. E. P. Aderman (Opp. New Plymouth). when speaking in the debate. “I think we will all agree that the Bank of New Zealand has not failed. It has done a marvellous piece of work and co-operated to the full with the Government.” When Mr. Aderman was commending Australia for what had been done in giving financial relief to industry lor the rehabilitation of returned servicemen he remarked that Australia was leading New Zealand in that sphere of activity. A Government member interjected: “And taking over the airways and th<c banks.” Mr. Aderman: T’wt may be so. Mr. A. S. Richards (Govt., Roskill): Some day we will Uo, Mr. J. Thorn (C'-vt.. Thames): We will take them all right.