THE BANK RATES.
I Sir,—This winter 1,300,000 unemployed . in Britain will be fchort of food, short of ■-, clothing. Bone of our bone; flesh of oar flesh; men and women of our blood* of our race; what can we in New Zealand do for them/ Lower the bank rate. Every penny off ita burden of interest will be . ' spent- by agriculture upon tilings absolutely necessary to increaiied output. Every penny of it will more than double itself immediately. The ToSurae of trade thus increased will afford some mitigation of j the •unemployment in the Old Land. Money paid in bank dividends, moreover, cannot be as fruitfully employed from a national point of view as in this way, and the receiver of dividends docked of a superfluous 6 or 8 per cent, will be able \ to experience the joy of relieving want - and of building up his own race.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH19220817.2.5.1
Bibliographic details
New Zealand Herald, Volume LIX, Issue 18171, 17 August 1922, Page 3
Word Count
147THE BANK RATES. New Zealand Herald, Volume LIX, Issue 18171, 17 August 1922, Page 3
Using This Item
NZME is the copyright owner for the New Zealand Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries and NZME.
Log in