LAND VALUES
Sir, —Another query in Mr, G. W. Thompson’s letter of February 10 remains to be answered. In writing of high land values he says: “The only people who benefit are the speculator and the moneylender. To which of these classes does “Liberal” belong? I have not the means to be a speculator but, having a few pounds saved up, I became a moneylender at the invitation of the “spruikers” of the Labour Government, who dinned into our ears continually the advice to lend our savings for war purposes. If there is a crime in lending that money, then the receiver, the Labour Government, is equally guilty with the criminal, myself. Considering that the New Zealand public debt was about £ 281,000,000 when Labour took office in 1935 and that in 1946 it had grown to £625,000,000, I am convinced that the present Government has induced more people to become moneylenders than any other Government that has held office in this country. Therefore it will not do for Mr. Thompson to speak disparagingly of moneylenders if lie supports the Labour Government in its money borrowing policy. LIBERAL.
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https://paperspast.natlib.govt.nz/newspapers/GISH19490222.2.42.4
Bibliographic details
Gisborne Herald, Volume LXXVI, Issue 22877, 22 February 1949, Page 6
Word Count
187LAND VALUES Gisborne Herald, Volume LXXVI, Issue 22877, 22 February 1949, Page 6
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