Tells Nash Of Commercial Men's Discontent

Northern Advocate, 10 November 1939, Page 6

Tells Nash Of Commercial Men's Discontent

[Special to "Nortnern Advocate ”] AUCKLAND, This Day. ‘The whole commercial community is seething with discontent over the mess into which the country has been landed as a result of Government control,” states Mr Gamor Jackson, manuring director of TP. E. Jackson a r,d Co.. Ltd., in a letter to Mr Nash. The letter adds: “The Government has been tried in the balance and found wanting, “At present the country is headed for bankruptcy, with the stark fear of widespread unemployment facing that section of the people engaged in trade and commerce.” Staff Likely to be Cut It is pointed out that the business has been established for 50 years, during which the staff has been 1 maintained in its entirety through successive depressions. The third period licenses would amount to 15 per cent, of the minimum requirements necessary for the maintenance of the staff, and it" was anticipated that by February-March, it would be possible to maintain five only out of an average of 33, and of these five, three would be directors. Only One Course “In our opinion there is one course only for the Government to pursue,” the letter adds. • “If the Government has the interests of the country at heart, it will wash out the whole system of control and start afresh, freeing trade from the fetters of Government control, and allowing banking and finance to be conducted by those who understand it, the trading banks, who would artion sterling exchange during the shortage.”