Public Opinion

Wanganui Chronicle, Volume 79, Issue 228, 28 September 1935, Page 8

Public Opinion

PAINTS AND POWDERS Sir. \s an admirer of the fair sc: 1 feel 1 must express disgust at s 1 runny young ladies with their lip plasterml with vermilliou red. but >' far il has not reached a too s«-riou stage. When it does it will be a balook out for engine drivers, as the wa; some plaster it on they could ettsil; be taken for a danger signal or ai “advert.” for a leading firm of paint ers ami decorators. Then again yoi see some powdered up so much tha they look as if they had used tlm Hou sifter over their fa-ms. I feel sur manv young men would hesitate befor< kissing such lor fear ol lea'in; a tell tale mark. My only fear i> i mav spread lo our young men. I am G. WICKHAM. Westmere. September 2<>. ID"-""'. BANKS AND MYSTERIOUS POWER j Sii, May I reply l" the letter bv “Finance’’ in your issue ot the 2->rd inst. “Finance’’ is, 1 lake it. a banh manager, as he says he happens Iknow in Wanganui that at least our ol the branches of the trading banks cat claim that not one ot their customer.has sought the aid of the Mortgage Adjustment ( ommission. At least he is well connected with banking, ir some form or other, to know the same (.'an. you wonder at him sugaring the pill which the public has to swallow 1 When interest is reduced it is noticed that interest on fixed deposits is reduced some considerable time before the interest on advances. Again, the banks are in the unfortunate (?) position of lending money which is guaranteed bv a private individual. 11 the borrower fails the banks lose, what?— no time in advising the guarantor he is required to pay up. To mv mind the high exchange was a real boon to the banks as the only man who got any real cash benefit was the one with no mortgage. It was perhaps good policy for the banks to make an outcry against the exchange as they then had the Government to blame when the rate was raised. Many ot the clients with a living allowance, certainly derived as benefit when thenpound rose to 255, but the bank ledger certainly looked brighter when the inspector paid bis usual visit. It is easy to see the great part the banks have plaved when you read of the yearly dividends. Not many coneeriis have been able to pay the dividends that the banks have in the face of the worst depression in the history of the world. “Finance” has still to convince me, and no doubt many others, that it was better to persuade the banks and coerce others rather than put them on the same level. Why make fish of one and flesh of another? High interest has always been the curse° of civilisation in this and any other countrv and the banks have never Jed the way to reduce interest when they have had more than a fair ehare of the profits for a long time past. Had they set the example when this depression struck us, there would not be so many complaints

against their methods, from all sections of the community. Not one per cent, of the feelings expressed, against the banks (associated) are brought to the columns of the daily papers.—l am, ° lC '’ -•JNTEKE.STLD.” Taihapc, Sept. 25, 1935. “FINANCE” ON FINANCE bir. —Yuur correspondent “Finance } in his recent two letters has—in a critical manner—adviaed the loca currencv reformers to make sure of the facts oil the subject under discussion, before committing themselves to print. What about “finance” getting h' s own house in order iii'A. He has if 1 may pat it that way—Reused his opponents of stealing a literary chicked while ho himself Has got away wita an’ Oxen. I quote from his letter: “Hut iu the ease of a bank the matter is quite different. Banks du not lend their own money, but the money of their depositors.” This sir. is so contrary to facts that ■•finance' must be still m the primer one on fuianee. The amount of deposits which the banks lend is less tnan 3 per cent, in their total advances. The remaining Y per ccnl is created by the banks '(.costlessly i- tibcmsclves)’against the security of the borrowers. Let “finanee” produce any reputable authority to the contrary. He uould do mueli better by learning the A.B.C. ot inianee first. If he floes that he. M-H find that this subject of money is not as easy as it appears tu Ids sincere but very naive mind.—l NEW ZEALAND MEAT 'IRADE sir. A.-lir hearing Mr. T. \. Hun can's address ami the favourable teiuis agreed to by the home authorities lo .«■»■ Zealand, it was rather a shock to all in tire “CJironiele," under the heading ot .Stud Cattle .many purchases abroad, (which I am scn<n ig to the home, papers', and lo find they acre all being imported from Anieriiii. It we expect lire Old Country lo take all our bcel! il does not appear to the man in the street, as il Ihe sleek agents who have been responsible lor the importation ot this shipment, ami several other new breeds ol stud cattle only known I" Aaieriea. and the New Zealand farmers’ I nion. arc quite placing the game, by advocating a lock embargo on stud entile from laiglaml. The f'ot ami m'nith dis liogev is a liuee. and I will defy anjouc lo prose lial any animal vs ported fruin England lias eivi carlied this disease to any part ol lire world. I am sure, the homo iiuirkels I will be delighted lo near the beet 10l ’ v.bicli we all ask favourable terms, will Hie Ibv produce i.l America. i We need "Ot. go any further than I the last fyducy show to sec Ihe. re I suit of stud cattle imported J’luin I.ng I land. Tile while we hear l-’nriueri, I I niuii members making statement.that they have the linc.st beet animal, in the world, surely these hale nesei affended the English and Austrnlijit shows. A found at the last Sydney show that nearly all the prize win ners were imported or by importer sires from England, but am afraid sir it. would lake up too mueh of you valuable space to run through tin catalogue, so with your kind pennis sion I will give the award in only om I bi'ci' breed, the llerefi ids.