CENTRAL BANKS
A SOUTHERN OPINION.
It would seem that the idea of a central bank is not openly condemned as impracticable or inadvisable, but as merely premature. As business develops and reserve banks are established in other dominions such an institution would be useful as a point of contact, and to that end it is agreeM that investigation into the matter should be undertaken with the object of being prepared when the proper time comes. The weight of argument is distinctly in favour of moving circumspectly. It will be conceded by most reasonable people that there is no urgent necessity for a central bank, and that it would be better in the meantime to carry oo with those institutions which are at least safe, and as enterprising as the present condition of the world's affairs warrants. We shall no doubt have learned disquisitions by some_6f the Labour members who cherish amazing theories, but the Government would be wise to take its inspiration from those who, accused of opinions not~entTrely disinterested, are at any rate more deeply concerned prosperity of New Zealand thsMkhy other group in the couhtry.-nwith-land Daily News. ~ . ▼
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Bibliographic details
Waipa Post, Volume 45, Issue 3252, 8 November 1932, Page 4
Word Count
189CENTRAL BANKS Waipa Post, Volume 45, Issue 3252, 8 November 1932, Page 4
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