A WARNING

Grey River Argus, 13 October 1936, Page 5

A WARNING

BY FINANCE MINISTER Against Share Hawkers (Per Press Association). AUCKLAND, October 12. t'A warning seem? again to I” necessary in connection with the activities of mien who are hawking shares for which subscriptions are in vi.ted,” stated the Alinister of Financo| Hon. W. Nash, in an interview. “My attention Im? been n allefl t comjiL'iints that share hawkers are once niOTO becoming active in the Dominion,” continued Air Nash, “and the Government view this development with some concern.” “This country cannot afford to have its saving-, dissipated in useless enterprises. That i? why the Government arc /wiorking out, as part or a comprehensive scheme fo.r the finane’al organisation of our resources, r

plan which will include maeliinery L ’me that capital' is directed into the wif’cst. anfl most econom'cal channels, so that, the savings of individuals ai - ' safeguarded and the, interests of th< nation arc protected. “But before the complct'on of this machinery, and particularly as the definite buoyancy of business wil 1 tend to encourng'iy the aetfvites ol share hawkers, pe.opb) with savings to in v«--t wfll be wi.se to consult a reput able sharebroker or bank manager, fie fore cnmni’titing themselvqs to an transaction involving sub r cript'on for shares or bonds.

“A few hours spent in discussion with a trustworthy fr'end, before subact'ib’ng, is worth many days of effort to obtain a. remedy for. or 1 procure a relea.so from, an obligation wlreh should never have been entered into.”