ROUND THE CORNER

Stratford Evening Post, Issue 73, 22 June 1928, Page 5

ROUND THE CORNER

WIT 3-8 FLYING COLOURS.

PRIME MINISTER OPTIMISTIC.

DIFFICULTIES LEFT BEHIND L

Press Association— Copyright PALMERSTON N., This Day

The country ha* gone through a difficult period, bat it is not the only country in the British. Empire that has gone through a trying time,” said the Hon.. J. C. Cchtegi at the Manawatu A. and P. Association’s annual smoke concert last night. “More over, the deflation of world prices tells its own story. In every country there has been a thorough overhaul of the position, and it is realised that co-operation is necessary between all classes. The Dominion is passing satisfactorily through its present difficulties, as is proved by factg and figures, and for the life of me I can’t understand anyone who attempts to disprove that the country is through with flying colours.”

BANKING FIGURES

Referring to the improvement in the banking figures the Premier said it could be seen the country was returning to its normal state. Some might ask why the Government should not bring down the bank rate of interest, but after all, the Banks were commercial institutions, and! it would he a bad day for ■ the country if people gave the Government power to regulate in commercial matters, particularly banking-

CREDIT SATISFACTORY. The country’s credit was satisfactory, and the Dominion had got its first loan for many years fit four and ,a-half per cent. Tlilat indicated that the interest rate should not) rise, but should havo a downward tendency. It was important that the rate of interest should be at the lowest possible cost, particularly for developing the country.