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Manawatu Times, Volume 61, Issue 128, 2 June 1936, Page 2

The actions of the Regent of France 200 years ago and the New Zealand Government in modern times were compared by Mr. P. L. Porter i an add.csg to the Economics Society at Christchurch. The Regent, by converting the private bank of John Law into a State bank, and buying out the shareholders, had done exactly the same as the Government of New Zealand in , b./ing out the shareholders of tho Reserve Bank in recent months. Different motives had prompted these similar i .tions. Tho French bank had been purchased because it was thought that an immense profit would bo made out cf it, and tho New Zealand bank had been purchased in pursuit of Government policy.

| “There are more cows here —” said j the Minister of Agriculture (Hon. W. !Lee Martin) at a function at the Waikato Winter Exhibition, but his further remarks were drowned in laughter. Fr a moment Mr. Martin was nonplussed, and then he realised what he had said. “What I meant to say was that thcro are more cows in tho Waikato—” and again roars of. laughter interrupted him. “Dairy cows, I mean,” he said above the din. When the unconscious joke had been fully appreciated the Minister went o_ to say that of the 1,928,000 dairy cows in the Dominion, 980,000 were in the Auckland province, and of that number there were over 600,000 in the area south of Mercer and in the Waikato, or over a third of the dairy cattle population in the Dominion.