Political Control of Powerful Monopoly
SYDNEY, Aug. 19. Bankers, business men and industrialists say they are still dumb-founded by the Government plan. The Leader of the Federal Opposition. Mr R. G. Menzies said that the plan should dispel the carefully-con-cocted myth that the Prime Minister was a “sort of simple rural humorist, whose greatest worries in . life were the wild men of his party.” The scheme, Mr Menzies added, meant one bank as a monpoly in the hands of a political majority which “will be able to call the tune for all its customers, great and small because it will have no competitors. As an instrument for controlling all industries from the largest to the smallest, and from the biggest emporium to the tiniest suburban shop, it will be the most powerful ever created.” It is suggested that the next move will be against the insurance companies. -~
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Otago Daily Times, Issue 26544, 20 August 1947, Page 5
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147Political Control of Powerful Monopoly Otago Daily Times, Issue 26544, 20 August 1947, Page 5
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