SIR OTTO NIEMEYER.

Otago Witness, Issue 3994, 30 September 1930, Page 35

SIR OTTO NIEMEYER.

DEPARTURE FROM DOMINION.

REPORT TO BE FORWARDED FROM LONDON.

WELLINGTON, September 25.

“ I have not reached any final opinion on the matters I have been investigating, and do not propose to present any report to the .Government at the present stage,” said Sir Otto Niemeyer to-day before his departure by the Maunganui for Sydney. “I shall probably wait until my return to London before preparing a report, which will be forwarded in due course to the New Zealand Government. In these circumstances you will understand that it is impossible for me to make any comment on my mission at the invitation of the New Zealand Government to advise them on certain questions of currency, banking, and exchange.

“ I have very much enjoyed my stay in New Zealand. Through the courtesy of the New Zealand Government I have been enabled to see something both of your productive areas and of the natural beauties of the country, and I take away very “happy impressions of my stay. I vvould only add that I and my associates are deeply appreciative of the courtesy and hospitality which we have received not only from the New Zealand Government but from all sections of the community with whom we have come into contact.”

Sir Otto and Mr K. M. Kershaw, liason officer between the Bank of England and the British Empire Bank, both have had a very busy time since they arrived in New Zealand, the greater part of their time having been taken up in conference with the Government and the heads of certain departments, in meeting bankers individually and collectively, and others in touch with the economic life of the Dominion.