The Southland Times. PUBLISHED EVERY MORNING. "Luceo Non Uro." FRIDAY, OCTOBER 27, 1933. MR POLSON’S FEARS

Southland Times, Issue 22157, 27 October 1933, Page 6

The Southland Times. PUBLISHED EVERY MORNING. "Luceo Non Uro." FRIDAY, OCTOBER 27, 1933. MR POLSON’S FEARS

■ In the debate on the Central Reserve Bank Bill, Mr Polson declared that he was against inflation, and he cited the experience of the United States to support his contention that the mere issue of notes would not have a good effect. He went on to say that Once a country began monkeying with the monetary system without skilled control, chaos would result. To-day it is surprising how many people, with very little knowledge of banking and currency, are prepared to launch revolutionary proposals and to press them on the Government ardently, with sharp complaints when their schemes are not taken up. In these days chemists and engineers are accepted as sound economists, and their arguments are swallowed in spite of the warnings by the economists who put their fingers on fallacies often hidden by clever verbiage. Economists who set themselves up as experts,

in chemistry or in engineering, seeking to be preferred to the men who had studied these subjects from the foundations, would be laughed at, but in banking and currency questions non-experts venture boldly and gather large followings from amongst the people who have ignored the fundamentals of economics and of finance. It is an astonishing thing that the socalled new economics are accepted by people who are not economists, and who have a sketchy knowledge of the institutions about which they talk so freely. Mr Polson believes that the monetary system should not be left in the hands of those who are not specially skilled, but if a Central Bank is left open to political interference how can he be sure that it will not come under the domination of a group of men who have not the special knowledge required? It is all very well to say that the Government is prepared to trust private shareholders who subscribe £500,000, but is not prepared to put as much confidence in the “State” which subscribes £1,000,000; the two groups are entirely different. Those who directly subscribe £500,000 are vitally concerned about their own money and their desire for efficiency is not affected by any outside questions; but where the “State” is the subscriber those who represent the effective section in the matter of control are not concerned with money they have themselves subscribed directly, and they are influenced by political currents which, of themselves, have no affiliation with the special banking problems confronting a Central Reserve Bank. The worst evils of the United States’ banking machinery have been brought about by politicians anxious to interfere with banking, and the world has had quite a number of incidents to remind it of the dangers of permitting politicians to exercise control over banks. More than once governments have gone close to ruining banks and bringing financial chaos through the misuse of their powers in giving effect to the wishes of a clamorous populace, anxious to find the easiest way out of difficulties and ignorant of the risks it was taking. As we have said on another occasion, the Australian experience should be enough to convince any member of the House of Representatives that “State” control is dangerous because it actually means political control. If it is undesirable to invest unskilled people with the power to interfere with the currency, it is equally dangerous to leave a door open so that these unskilled people may have the chance to interfere. This is a matter of the gravest importance, and Mr Polson, as the guardian of the farmers’ interests, should move with the utmost caution, because the enlargement of State Control he proposes to seek will expose the monetary system and the banking machinery to the very risks he has already condemned as likely to bring chaos in the place of order. Financial chaos will hit the farmers, and a mismanaged monetary system will hurt them. It would be better to have no Central Reserve Bank if the only way of getting it is to have it as the toy of the politicians. Unless it is free of political interference, and of the threat of political interference, it will be a danger.

The Dominion Meteorologist last night issued the following information: The depression mentioned yesterday is now located east of the Dominion, but a secondary is approaching across the South Tasman. Winds west to southwest, moderate to strong generally and in places reaching gale force. Backing shortly to west or north-west at most places, but later again becoming southerly. Seas in New Zealand waters rough on the west coast and offshore waters on the east. In the Eastern Tasman Sea moderate northerly winds shortly backing again to south-west and freshening. Weather changeable with showers at first in western districts, later rain becoming more general with snow on the high levels. Temperatures becoming colder.

As a result of an accident Mrs J. Stewart, of Washpool, near Gore, was admitted to the Gore Hospital on Wednesday night suffering from slight concussion. Her condition is stated not to be serious.

One of the effects of the recent cold weather has been to send into retreat the army of caterpillars which has been causing farmers in the Ashburton, district considerable anxiety. Mr R. McGillivray, fields superintendent for the Department of Agriculture, stated on Tuesday that all that was to be seen of the caterpillars in the affected area at the present time were a few curled up underneath sods of earth in the long grass. He considered that it was very unlikely that there would be any more trouble from the pest until the next nor’-wester blew.

In the Magistrate’s Court yesterday, Mr E. C. Levvey, S.M., made orders in favour of the creditors in the following undefended judgment summons cases. New Zealand Loan and Mercantile Agency Co., Ltd. v. Percy Cooke for 18/- forthwith, in default 24 hours’ imprisonment; Cox’s Service Station, Limited v. James D. Carmody for. £1 9/10 forthwith, in default 24 hours’ imprisonment; Ross Mitchell v Stuart David Waddell for £1 19/8 forthwith, in default 24 hours’ imprisonment; S. McDonald, Ltd. v. J. Murphy for £1 15/- forthwith, in default 24 hours imprisonment; J. D. Campbell v. Robert Ferguson for £1 3/9, forthwith, in default 24 hours’ imprisonment.

A large Dunedin firm of merchants with branches in various parts of the South Island has decided to restore the 10 per cent cut in wages, being one of two deductions made in recent years, states a Press Association message.

Shortly after half-past ten yesterday morning the Invercargill Fire Brigade received a call to an outbreak of fire in a macrocarpa hedge on the property of Mrs M. E. Lamond, 137 Ythan street. Slight damage to the dwelling and a fowl house resulted.

The screening of talking pictures on Christmas night will be permitted by the Auckland City Council on condition that the theatre employees are not compelled to work against their wish and the programmes are approved by the council.—Press ■ Association message.

The famous old Spanish students’ song “Estudiantina” is well-known to all music lovers. Exceptionally bright and descriptive, this number, arranged by Dr. Austin Pierce, will be sung with all the verve of the students themselves by the Male Choir at its recital in the Civic Theatre on Tuesday evening next.

Municipal property at Western Springs has been chosen by the Auckland City Council as the site for a motorists’ camping ground. It will be necessary for temporary buildings to be erected to enabla the camp to be available by Christmas, states a Press Association message. The site has an area of 15 acres and the sum of £6OO has been authorized for the work.

Judgment by default in favour of the plaintiffs was given by Mr E. C. Levvey, S.M., in the Magistrate’s Court yesterday in the following civil . cases: Mary Thwaites v. George P. Smith for £6 and costs £1 13/6; G. W. Woods and Co. v. P. White for £4 2/9 and costs £1 3/6; Southland Coal Co., Ltd. v. T. West for 10/- and costs 8/-; Southland Farmers’ Co-operative Association, Limited v. William Crow for £7 and costs 17/-; Thomas Bros. v. E. Todd for' 9/2 and costs 12/-; William Todd and Co., Ltd. v. E. Todd for £1 7/6 and costs 10/- •

More than one river “Dee” claims to be the inspiration of Charles Kingsley’s tragic poem, “The Sands o’ Dee.’ A beautiful tidal estuary in North Wales claims this distinction and there it would be easy to visualize the tragedy of the young maiden who went to “call the cattle home” and who returned only upon the incoming tide. Her ghost is said still to haunt the waters, and her call may still be heard by the fishermen. Frederick _ Clay’s musical setting of the poem, which will be given by the Invercargill Male Choir in the Civic Theatre on October 31, is well-known to be a masterpiece of its kind.

Referring to the Apprentice Act the annual report of the New Zealand Employers’ Federation states: “The Minister of Labour has stated that an amendment of this Act will be introduced during the present session. Investigations which we have made show that the majority of employers desire this Act to be repealed and we have made our representations accordingly. If it is repealed it will then be open to employers to negotiate the terms and conditions of employment of apprentices in their own industries as was done prior to 1923, and so long as they do this fairly and with due regard to the welfare of the apprentice as well as the employer there should be nothing but satisfactory results.”

On November 1 there will fall due an instalment of the general unemployment levy of 20/- per annum, and also the third instalment of the emergency unemployment charge of one penny in each amount of 1/8 of income other than salary or wages derived during the year ended March 31, 1933. Prompt payment of these taxes is essential in the interests of the unemployed. All male persons over the age of 20 years (except those wholly exempt from payment of the general unemployment levy) are required during the month of May in each year, to furnish declarations of income other than salary or wages, and if no such income is derived a “nil” declaration is required. A woman whose income other than salary or wages is £2O or more is also required to furnish declarations in respect of her income.

The last meeting for the year of the North Band of Hope, was held on Saturday evening in the Presbyterian Sunday School Hall, Windsor street. The Rev. Tanner was in the chair. There was a good- attendance of children and friends. After the opening exercises the Band of Hope children entertained the meeting with songs and recitations. A short playette by “Y” members arid children was very much appreciated. Mr R. H. and F. McLean of the North “Y” entertained the children with lantern slides. The Rev. W. Tanner distributed prizes to all those children who had attended regularly and given items, congratulating them on their year’s work. A very pleasant evening was brought to a close by the Benediction, after which supper was served by the social committee.

Special display of Silk Locknit Underclothing and Corsets at Special Keen Cash Prices. Come along to Wicks’ Ltd., for satisfaction.—Advt.

As the days lengthen, the cold strengthens—if you catch a chill take Mixture 98—there is nothing better—all first class stores stock it. 2/6 a bottle.—Advt.

Being cut in half! The management at Carter’s has decided on account of heavy stocks and new goods arriving to. cut stocks down by half. Newest suits and overcoats and all other goods being sacrificed at Carter’s Make Room Sale.—Advt.

For good value in Corsets and Corselettes try us. Corsets from 4/11 to 17/6. Corselettes 3/6 to 22/6 at Miss Noble’s, The Baby Shop, Dee street.— Advt.

In _ Thomson and Beattie’s “Man’s Shop” are a number of smart, new suitings, all the new colours and designs, offered from as low as sgns, tailored to your measure. The suits are made on the premises by local craftsmen, from your own choice of material. Call and see them, tweeds, worsteds, and guaranteed navy serge, tailored to your measure from sgns.—Advt.

Rheumatism of. the Joints (Rheumatoid Arthritis) is curable. If your joints have' a tendancy to become creaky or stiff, don’t neglect Nature’s warning. 1500 sufferers claim that Tavener’s Arthritis Prescription has given them free use of joints again. Write Tavener, Arthritis Specialist, 183 High St. Ch. Ch. —Advt.

Why worry? Send your films to GEORGE H. BROWN, Chemist, and you know they’ll be safe. Expert developing brings out the best in each negative. The famous Kodak-made. VELOX PAPER picks up the detail, softens too harsh contrasts and in all ways meets the amateur’s needs. Velox is made in three grades, and three surfaces. We use the grade and the surface best suited to your snaps. Careful return of all negatives. GEORGE H. BROWN, Chemist, 125 Dee street. Make no ’stake—BßOWN, The Chemist. We have no agents, post direct to us. Our prices have been considerably reduced.—Advt

On Sunday the tug Awarua leaves Bluff for Port Chalmers where she will be cleaned and painted, the contract for which work has been let to the Port Chalmers Marine Repair Company.

With the passing away of so many of the early pioneers of New Zealand, Mrs Paterson, Dominion president _of women’s institutes, stated at Turakina last week that valuable sources of information as to the early history of our land had been lost. An endeavour was at present being made to collect and preserve as much history as possible by the institutes. Mrs Paterson pointed out that it was only fitting that the courageous deeds of pioneering men should be collected by women, and presented from their point of view.

A representative of the Christchurch Press, who interviewed A. W. Roberts, the Canterbury and New Zealand representative cricketer, on his return to Christchurch, after fulfilling a professional engagement in the Lancashire League, was surprised to find that both Roberts and W. E. Merritt, another Canterbury cricketer playing in the League, had become “addicts” to the sport of bowls. The game is played in Lancashire on “crowned” rinks, _on which exceptional judgment is required to combine the bias of the bowls with the camber of the floor. Many large tournaments are held, the winners receiving as much as £lOO in prize money. Roberts said that the good professionals in crown bowls earned £2O a week.

Sweets cheap. Delicious wrapped toffees only lOd per lb. Cakes of chocolate 9d, instead of 1/-, at Ayson’s 2 shops, 5 and 72 Dee street.—Advt.

We invite you to call and see our large stock of ’XMAS ANNUALS for sending OVERSEAS. Tui’s Annual 2/-; Otago Witness 2/-; Auckland Weekly News 2/-; N.Z. Free Lance 2/-; N.Z. Illustrated 2/-; Christchurch Star 2/-; N.Z. Traveller 1/6. Postage: British Dominions Id; foreign countries 4d. Next mail closes October 29. N.Z. BOOK DEPOT, 49-51 Esk street, Invercargill. (Advt.)

BRITISH TOOTHBRUSHES. CHEMIST’S QUALITY. Four-row Pure Bristle. 3d EACH. 3 FOR 2/-. Sterilized, Prophylactic. STEWARTS’ PHARMACY, Corner Dee & Don Streets. '■ -Advt.

1500 Rheumatoid Arthritis sufferers cannot be wrong; creaky, swollen inflamed, stiff and painful joints restored to normal. Write for Free Book which describes how you, too, may be relieved of your aches and pains. Tavener, Arthritis Specialist, 183 High St. Ch. Ch. 5 weeks treatment 17/6 posted.—Advt.

NIGHT IS THE MOTHER OF THOUGHT. How often have you been kept awake at night with a raking cough, determined to get a bottle of Baxter’s Lung Preserver first thing in the morning. Never be without “Baxter’s”. Keep it handy in the house so that without delay you can get the wonderful relief that “Baxter’s” brings. 1/6, 2/6 and 4/6 from all chemists and stores in New Zealand.—Advt