DANGER OF INFLATION.
BANKER'S WARNING
Per Press Association,
CHRISTCHURCH. Sept, 16. “A banker who would risk the funds entrusted to him would be exceedingly culpable and a national menace,” stated the president of the Associated Banks. Mr J. T. Grose, speaking at the annual meeting of the Canterbury Chamber of Commerce.
Mr Grose said that that was tho reason why bankers were normally loath to play with the fire of inflation, even though the immediate and easy benefits that might accrue during the early stages of an inflationary policy mightbe very tempting.
“Criticism and discontent throughout the country might be allayed for a time,” be said, “but the day of reckoning would surely come, and with it recriminations thick and fast. It has been well said that tho danger of inflation is that there is only a way in but no way out.”
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Bibliographic details
Manawatu Standard, Volume LII, Issue 247, 17 September 1932, Page 6
Word Count
143DANGER OF INFLATION. Manawatu Standard, Volume LII, Issue 247, 17 September 1932, Page 6
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