'Dictatorial' To Refuse Banks' Bonus Request
WELLINGTON, Wed. (P.A.).—The whole country had to submit to the decisions of dictators in their offices in Wellington, said Mr W. A. Sheat (o—Patea) in the House of Representatives early today. He was protesting against the action of the Stabilisation Commission in refusing the banks authority to pay a bonus to their staffs.
. This was a dictatorial actaon which made the Government’s lip service to incentive payments and profit-sharing seem hollow, he said. The Minister of Industries and Commerce (Mr Nordmeyer) said bonuses had been sanctioned for several years when it was recognised that bank clerks’ salaries were too low, but when the bank officers recently went to the Arbitration Court and secured an award the Stabilisation Commission
felt that it would be a violation of the principles of stabilisation if bonuses were authorised immediately after the Arbitration Court had determined what it thought was a proper salary for bank staffs. However, the position could be reviewed at a later date. Stabilisation was not intended to operate to prevent any group from obtaining a renumeration to which they were fairly entitled.
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Northern Advocate, 12 October 1949, Page 4
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187'Dictatorial' To Refuse Banks' Bonus Request Northern Advocate, 12 October 1949, Page 4
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