INTERVENTION BY BANK

Taranaki Daily News, 14 November 1930, Page 9

INTERVENTION BY BANK

SIR O. NIEMEYER EXPLAINS INVITATION TO INVESTIGATE. “AN IMPARTIAL STUDY MADE.” By Telegraph—Press Assn- —Copyright. Rec. 8.30 p.m. Sydney, Nov. 13. A passenger by the Niagara, which Ictt Sydney to-day for Auckland, is Sir Otto Niemeyer, who has been staying in the country for ‘a few days to escape interviewers, who did not know until the last minute that he was leaving. He maintained his reputation of reserve by remarking:. “I have nothing to say about anyAt a Journalists’ Institute luncheon, however, Sir Otto said the Bank of Eng land had intervened in Australian financial and economic affairs because it was asked to do so. It ought to be remembered that twice in the last five years the Bank of England, at its own expense and for no motive whatever except that of public service, had sent representatives to Australia. “Any views that I have expressed in this country were not political views,’’ added Sir Otto. “Whether you agree with them or not they were framed as a result of an impartial study of Australian conditions.