LUCKY DAY ART UNION

Poverty Bay Herald, Volume LIX, Issue 17954, 5 December 1932, Page 8

LUCKY DAY ART UNION

£5 PRIZEWINNERS THREE GISBORNE SUCCESSES The £5 prizes in tlie “Lucky Day art union were won ns follows : ”Ebzabetli." Wellington; R. Tinker, bpveydon; Arnold Salomons, lsla.nl bay, Wellington; A.. Graney, Portland; On'e (AdT" Auckland, T, O'Malley, Svdeuliam; “Happy Days, iinnint, ■•Mv l.uckv Days," Rakaia; .1. lipler, Snivvdon ; ' Mrs. Glen. Westport; “My buckv Day,” Dunedin; ".Nannygoat, , Wellington; C. Darkness, Wellington; || Horton. Napier: “Alomohaki, Tau runga; “Need It, Badly,” Lower Hut; ■‘Nil Desporandum,” Invercargill; Tessin Regaimeli, Tinutru; Mrs. Ros§, • Mat a roa : E. 1). Ohs, l'apanui; M. K. Peterson, Stratford; M. T. Svn, -Spreydon; d. H. Gould, Dunedin; “Sam, Parkinson, Grey Lynn; W. H. Dent, rapanui; A. Taylor. .Tairua; J. D. Thomson. Carterton; Mrs. “No Luck, Bunnytliorpe; Mrs. Allen, |c i una; “Two' Down and Outs,” Wellington; Phyllis Perkins, Papamoa; “Bonny,, Hokovvliitu; “Never Win, -Luna, Midhurst ; 114, c/o Hogan, Point Chevalier; XL Keys, R-ieeartou. • Duncau Goud, Mat-aura; “Three ol tho Family,” Christchurch; Harold Lomui, Cfiristcljnrcli; A • Hooker, Christchurch; “'Lucky 13,” Colyton; -Winifred Smith, Levin; Mrs. Dunford, Anderson’s-Bay,; IT, ,Slade, Gore; “Still Hoping.” Invercargill; K. Harrison, Aucklalnd; “No. Luck,’/ Alornington; Drip Kgan, Wanganui; G. Hearn, Rewanui, Bass Rock; G. (Tillies, Glaudc)ands ; “Bronze Tray,” Ponsonby ; Betty Wright, Waimate; Ramsay, Napter; Airs. Smale, Gisborne; \V. Drake. Mapiaku; “Better Luck, Hrenui; It. Henderson, Rotorua; “Mrs. Hard-Cp,” Invercargill; “Three Horsemen.” Taugarakau; “ Birthday Greetings,” care Clotildo. Ruatapu ; F. Freeman. Momingside ; “Sure •to Win, Nbrthcotc; “Stumpy Rise,’ Hamilton; “Wo Two.” Ilawera; Fanny Evans, Dunedin; “J.D.,” c/o W. IT G. MeGavin, Dunedin; doseph Syn, Ton sonhy ; “ Useless, ” Dunedin: H. Mahon* ITawera; W. Pearce, Port Ahuriri; Bill Johnson, Palmerston North; Geo. Skcrrett, Awaruu Plains; “Xylophones,' New Plymouth :, “Hiker,” Opawa. \V. Jewell. Marotiri, Foxton; “‘Highland Trip.” Marton Junction ;,S. Peters, Christchurch; Miss Swanst'oii, Christchurch: “Unlucky Man.” Hastings; Airs Bick, Opapa; “A.C.A.,” Remuera; W. Tonkins. Te Kuiti: W. Mackio, Dargaville; IT. Sowter, Raupo; Aliss Lemon, Rakaia; “Bunkie Dpodlatum,” Hamilton; “Homeward Bound,” ITawera;

“K.C.M.,” Rangataua; Aliss Aletcalf, Wellington; “Last Day, ’ Alakaraka; “Shepherd and Cowman,” Southland; Mrs. Kelly. Patou; Nilsen, Napier; Airs Fletcher, Onelmnga; “No Luck,” Greymouth; “Alipk and Pat,” Oruanni, Taupo; “W.H.H..” Levin; Te Waimate Kaiapoi: A Ackers, Otarara; G. Elliott, Wellington: W. Park. To Awanuitu; Aliss Goad, Brooklyn; Dodd and Ripley. Tukopa ; Mrs Cole, Timuru; Mrs. Scott, Alasterton. A. Parker, Lvall Bay; Thomson. Wei-, lington: “On the Rocks,” To. Atatu; J. Mitchell, Cronadum; “Try Once More,” Ohrist'nhurch; Airs. Tlammon, Morrii isvilie; W. Shaw, Invercargill: “Always A Trier.” Rungiora; “Royal Fish,”'St. Kilda; A. Fawcett, Christchurch ; “Honeysuckle.” Rototunu;' “No Good Luck,” Invercargill; Airs. J. Hodgens. Palmerston North; “' Lucky .no. 2,” Gvovbtovyn; “My Lucky Pick.” J-Ta inner Springs,: J.' Boult, Kopaki; Box 6. Judea. Tauranga; “Mv Turn,” Invercargill : “Dave Brown,' Coromandel; J. D’Koefe; Cambridge; H. Caldwell, Devonport; “Topsv and Naiiua, Dunedin: W. Fountain, Epsom; “Lucky Last.” Riccarton: F. Chaytor, Lower Hu it; Terence McAiullon. Wahann; Miss Zantnsh, Wellington: “Lucky, Three,” Eeildiifg; J. Pascoe. Waipitiki: Mrs. Falkner, Hastings.; May Ashton,. Rodney; W. Cunningham, Miramar; Wtißdr Anderson, Otor.ohanga,; “Bib and Biih,” Auckland; “Bonzo,” Christehurch.

G. Alonk, Frankton Junction; H. Reytiell, Howick; Giesen, Rotorua; Tony Downs, Tauranga-; “Last Chance,” Clevedon South; Airs. Grey, Christchurch: “HIT.” Timaru; Mrs, Sparks. To Kuiti; “Onr Lucky Day.” Te Kuiti: “8.U.P.,” Geraldine: “Last Lap,” Tamil; Billy Helling., Awahnri; “Be Very Thankful,” Rongotai; “We Three,” Onnondville; “Luckasa,” Wanganui: B. Berry, Hunterville.; “Silver Lining,” Wellington; B. Whaley, Auckland; “Blue Bird,” Christchurch; J. AfcKenzie, Buller Gorge; “High Tor,” Riccarton; F- Kerr, Buller Gorge ; “E.0.E.,” Wellington; A. Chote, Wellington; “Alay Win,” North Brighton: IT. Blacldee, Tauranga; “Aly Lucky Day,” Wellington; “Top of the World,” Gisborne: “H.0.E..” St. Albans; J. Afurray, Wellington.

taxation and interest rates is not fully appreciated by many. For our bank it can be said quite emphatically that our average rate on overdrafts would be lower if taxation were less. In other words, any relief from taxation would not primarily affect dividends, but would make it possible for us to reduce interest rates on money borrowed from us, aiid thereby to assist still further business recovery. DELAYING- RECOVERY

“Confidence,” said Mr. Buckland, “is the basis of all credit and of all business. Tt is a tender plant sensitive to rough handling. Governments are from their very nature unlikely to handle economic affairs with the patience and attention to detail which sound business always requires. Given a well managed fmonetary system individual initiative must be looked to to bring about a trade revival and increased employment. But legislative interference is likely only to delay this recovery. “The interference with interest rates by legislation has hindered rather than assisted in bringing about a period of cheap money. Such legislation must of necessity be restricted to sweeping arbitrary reductions. These ignore altogether the needs of individual cases, interest reduction Acts and moratorium laws have created such a sense of insecurity that investment in real estate, in trade and in all forms of production, lias practically ceased. Interest rates leave been kept much higher; than they

would have otherwise been, and the free ilow of capital—the very life blood of commerce and industry—has been seriously impeded. “A. very important phase of investment is tiro employment of trustee funds in suitable securities. Legislative interference has made it next to impossible for a trustee, with tho serious responsibilities placed upon him by statute, to invest in the usual channels.”