SINKING FUNDS

Poverty Bay Herald, Volume LIX, Issue 17957, 8 December 1932, Page 11

SINKING FUNDS

(To tho Editor of tho Herald.) Sir,—After reading Mr. Ball s letter 1 looked again at the letter of tlie Public Trustee, but could find no answer to the points raised by Mr. Ball. The Public Trustee’s letter is well. written, and perhaps well reasoned, but it- ignores the obvious facts ot the situation. 1 searched in vain for the reason of compelling our local bodies, against thenwili, to pay these largo sums to the Public Trust Office. 1? these moneys are not- really required, it- would seem unthinkable that the Legislature should permit so great ail interference with tlie power of local government, ana * Oil the other hand; urgent need does exist, then the Public Trustee s letter is entirely silent as to the cause. Confidence is a shy creature, and money lias never yet been attracted hv any form of compulsion. Even m war time compulsory loans were not particularly successful. AVhen compulsion is applied the public naturally ask the cause, and this is what the Public Trustee s letter entirely

fovres’pondonts are reminded of a well-established rule that letters to the editor must be accompanied by the name of the writer, not necessarily for publication, but as a guarantee of o-ood faith. It is not sufficient to have such letters signed by the typiste or office boy. Another rule is that correspondence 'which has already appeared in another paper cannot be accepted. Matter which is purely propaganda must be marked as suc-h and ’paid for at advertising rates.