BANK OF NEW ZEALAND
Sir, —A lunatic running amok with a hatchet is only a man with wrong ideas concerning the use of that instrument. He is soon observed and placed under constraint. Would that wrong ideas were sp easily detected in economic and financial matters! The workers and the president of the Timaru Chamber of Commerce would not need some tens of thousands, of unemployed upon New Zealand streets to convince them of the folly of capitalist activities round about 1931 as far as they were concerned, and now a devastating- war between competing groups of the same system in addition. The price paid for ignorance—in high places as well as low—concerning economic and financial questions has been immeasurable. Capitalism, both economic and financial, is daily being forced, in spite of all the protestations of its defenders, to curtail its anarchy in production and distribution. In every section of its system it is becoming more and more necessarv to exercise social control over its working, and the logical outcome of this development is the social control over the Bank of New Zealand.—l am. etc, R. S. WHEELER.
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https://paperspast.natlib.govt.nz/newspapers/THD19450601.2.8.5
Bibliographic details
Timaru Herald, Volume CLVII, Issue 23216, 1 June 1945, Page 2
Word Count
188BANK OF NEW ZEALAND Timaru Herald, Volume CLVII, Issue 23216, 1 June 1945, Page 2
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