CORRESPONDENCE

Poverty Bay Herald, Volume LII, Issue 17133, 8 September 1926, Page 11

CORRESPONDENCE

DON'T SCEAP THE ADMIRABLE TRAMS (Tu the Editor of the Herald.) Sir,—l am surprised thai you should be so misguided as to allow a leading iiilicle in' your paper in support ol scrapping this trams. Mr. By.siiar says that now is the time to ppond the money iuiJ keep things moving. Never mi ml' about a few years heme, or the rates to he paid. Let the council follow Hie eoiuiscl of Mr. Lysnar, Mr. Wildish, an,l ethers, " Borrow ami boost." We won't live nine!] longer l<> p:u rales or to lake the hlame. Our children ran do that. It will only cost iiimiher £55,000 to put the system in order and extend it to Mangapapa, and to the racecourse. Kaiti -and Victoria township don't count, hut a further £SS.GOO should he allowed to run out to Waimii beach. That would only treble our ti.uii debt and iprulruple our losses. Is ii not time the council got busy on these loan proposals and drop talk of scrapping. They must borrow, or heaven help the next council that tries to keep the trams running. Follow Mr. Lysnar's advice as von have done ill the past". Another '£loo,ooo .loss to the district will hardly be noticed, so vote for the admirable trams.—l am, etc., BUTE.

BANKING PROBLEM (To the Editor of the Herald.) Si)',—Whilst thanking you for past favors 1 would like to further transgress. .Money, as indicia of wealth as maintained! by economists, re your leading article, merely points out the fact that under the present system of credit, extension the presence of money indicates the borrower's wealth and not the supposed lender'.s. The lender has hut the license to express the other fellow's wealth per medium of currency, which must, to he of service, hear the Slate seal or guarantee, mid its issue, in order to fully demonstrate value for value, or measure for measure, should he a Crown prerogative. Credit for improvements, reparations, fertilisers, etc., necessitates long dates ami parly liability to he borne by the lender. The hank hut hold the measure into which the farmers puts the gold, and the hanks get. a great deal move, over a period of slump and 1 boom, for holding the measure than the farmer does for tilling it. If the farmer lias- paid too much for his land, which, of course, he has, in the light of commerce and economics, why not endeavor to maintain them to the best of our ability. If we slump then, we have got to admit mistakes, and start the same weary climb again, until our children, as our fathers ditL, are forced again to admit the same mistake. If we slump then the State must assist the banks. If we do not assist them, the State must help the farmer, thereby maintaining experts in farming for the purpose of gaining all the revenue from overseas our produce can demand. The revenue is tin; main principle.; distribution is another matter of purely local import, hut we could all participate if a, State Bank held the measure. The farmer is not so much seeking money as he is security. The promised loan office annexe to the Bank <.f New Zealand insults intelligence and i.s hut a move ready method of securing the banker h\- inviting the direct service of private funds for the purpose. It would he interesting to know how much monev the Bank of New Zealand has br-ought into this count \k With huge reserves in London it seems absurd to think our domestic life is a charge upon the bank's private account. The dream pronosilion is quite in order. What we know of science we rove lo the dreams of ethers. The present system is not scientific: otherwise there would he no betterment to dream about. —I am, etc., JAS. MORRISON.

THE TRAMS (To the Editor of Ike Herald.) Sir,—l have attended all the meetings hold to enlighten the ratepayers upon Irsimwuy matters. The Imm way opponents iii our council have painted beautiful word pictures c-fbus M.'l'viccs as the ideal transport service for (lisborne. The salient feature in the attitude of the anti-tram councillor is* their very decided determination no( to view this mutter, as a. munii ipal-owncd proposition. Theyhave net even made a shadow of an attempt to advance a municipal alternative, or palliative proposal on municipal lilies. The whole matter savors strongly of personal hatred and desire to discard all municipal responsibility, in regard to oar public requirements in transport. Several pledges and promises have been made by councillors and bus proprietors on this matter, but we must realise that councillors' pledges only hold gold till April next, when possibly, an entirely new council take office, and bus proprietors will need to re-license shortly after the next municipal election. This being so. we have re-if.'v only eight mouths' guarantee for anything ill bus proposals. If my deductions iivc correct it would be far wiser to continue our I rams for that eight months at least, and 1 try to find and thoroughly exhaust all propositions of a strictly municipal nature before we relegate otir. present reliable service to the doubtful mercy of private enterprise, which considers the public (who are the ratepayers' dependents) from >i profitmaking point of view only. You cannot disagree- with me, sir, when 1 stale that the. council have made no effort, however slight, to heat our_ transport service alternative on municipal lines, 'but have made every effort to pat our mlanicipal .service beyond recall.. .1 would strongly urge all fair, unbiassed ratepayers to stand by the public in this matter, and retain cur trams unlit everv municipally -con (.rolled proposal has been discussed by our representatives on the Borough ( uuueil. Ido not write in vindictive son it, hat 1 must, he fair to our public, who cannot defund their position by vote on this problem. We, a.s ratepayers, are only about 25 per cent of the public, and (hey look to us to give them undoubted ' reliability in service.—l am, | elc . ASSOCIATE.