BUSINESS AFFAIRS.

Manawatu Standard, Volume LVI, Issue 168, 17 June 1936, Page 9

BUSINESS AFFAIRS.

GOVERNMENT'S ATTITUDE. A SUGGESTION REFUTED. Per Press Association WELLINGTON, June 16. A suggestion from Christchurch that the Government intended to appoint! accountants to investigate the affairs | of important firms, particularly to see! the effect of the new industrial legis-| lation, was specifically denied by the, Prime Minister (Rt. Hon. M. J. Sav- j age) in an interview to-night. i “Such a suggestion has no founds tion at all,” said Mr Savage, “he-1 cause it would imply, for one thing, that the Government is out looking for trouble. As I have said time and I again from the yiublie platform and elsewhere, we have no intention whatever of harassing business people and putting obstacles in their way At the 'same time this does not mean that th» Government will not watch very closely any tendency on the part of industry j to take undue advantage of the chang-j eel conditions. j “There can be no argument against, the fact that if one industry is allow-1 eel to exploit the people and make un-J due profits it can only do that either j at the expense of some other industry : or the consumers. We intend to watch ; developments of that sort and if necessary, to make use ol all the powers ; that are already available under the j Board of Trade Act for dealing with : exploitation. In the meantime our de- j sire is to play the part of referee, seeing that both sides get a fair deal, because we have already recognised that the man who pays wages is entitled to consideration as well as the man who receives them.”