STATE ENTERPRISES.

Manawatu Standard, Volume LVII, Issue 198, 22 July 1937, Page 6

STATE ENTERPRISES.

MR FRASER REPLIES TO ATTACK. Pei- Press Association. WELLINGTON, July 21. A reply is made by the Acting-Prime Minister (I-lon. P. Fraser) to a statement emanating from the Associated Chambers of Commerce in which an attack is made in general on the policy of the Government in encouraging State enterprises aiul in particular on the operations of the Government Life Insurance Dennrtment. He says that the general criticism will be dealt with at the proper time, but in the meantime, with a view to possible damage to a well-established State institution which carries the full confidence of the people and which has done wonderful work in the cause of life insurance, he thinks it desirable to reply at once to the statement. Reillies are then made to the definite points raised, after which Mr Fraser says: “I will now put to the Associated Chambers of Commerce, presumably representative of the businessmen of this country, a simple question : Ts it better or worse for them as individual business men. apart from any question of loyalty, to encourage and support, or to criticise unfairly an institution which is a proved success and which has an income of over £1,000.000 a year, every penny of which is spent or invested in New Zealand?”