ANSWERS TO CORRESPONDENTS.

NZ Truth, Issue 913, 26 May 1923, Page 13

ANSWERS TO CORRESPONDENTS.

"Prospect" CWaiuku): The three companies .mentioned do not appeal to "Cambist" as suitable for the investment of a working man's savings. He would advise ail workers to leave the pioneering of new ventures severely alone, and m that case a clear field for the capitalist would be left for the exploitation of "men with money." "Nelson": The attempt to induce the shareholders m the alleged co-opera-tive company m Auckland district to pay for losses made' m connection with another concern m which some directors unfortunately had to meet calls under a bank guarantee could not be carried' through owing to the provisions of the Companies Acts. It was a piece of bluff. - "Cambist" regrets the muddle this business has drifted into, and he fears it will take an Immense amount of cleaning up before sound business bottom Is reached. It Is such businesses which hamper our primary producers. The latter should try true co-operation.