BUSINESS INTERFERENCE
THE PUBLIC TRUST OFFICE
Mr J. S. M‘Leod, president of the Hastings Chamber of Commerce, was responsible for some very straight talk concerning the Public Trust Office, during a discussion on Government administration and interferences in business, at last week’s meeting of the chamber (says the Daily Telegraph). “The Public Trust Office,” he said," “was originally started with the theory' that it was going to be a protection for widows and orphans, and for those who could not help themselves. It was going to uplift those who had fallen, but now it has been turned into a business, and an unscrupulous business, which is prepared to go outside its own business and offer fabulous rates for denosits, rates which no other business, not even the banks or anyone else, can afford to pay. It has brought into business a huge concern which it was never intended should be so conducted by those who introduced it. It has obliterated the very thought of the foundation originally intended.”
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https://paperspast.natlib.govt.nz/newspapers/WAIPO19320528.2.34
Bibliographic details
Waipa Post, Volume 44, Issue 3183, 28 May 1932, Page 5
Word Count
168BUSINESS INTERFERENCE Waipa Post, Volume 44, Issue 3183, 28 May 1932, Page 5
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