SHARE-HAWKING

Wanganui Chronicle, Volume 79, Issue 242, 13 October 1936, Page 7

SHARE-HAWKING

MINISTER’S WARNING ( Per Press Association. ) WELLINGTON, Oct. 12. "A warning seems again to be necessary in connection with the activities of men who are hawking shares, for which subscriptions are invited,” stated the Minister of Finance, Hon. W. Nash, in an interview. “My attention has been called to complaints that share hawkers are once more becoming active in the Dominion,” continued Mr. Nash, “and the Government view this development with some concern. “This country cannot afford to have its savings dissipated in useless enterprises.' That is why the Government are working out as part of a comprehensive scheme for the financial organisation of our resources a plan which will include machinery to see that capital is directed into the wisest and most economical channels so that the savings of individuals are safeguarded and the interests of the nation protected. But before the completion of this machinery and particularly as a definite boyancy of business will tend to encourage the activities of share hawkers, people with savings to invest will be wise to consult a reputable sharebroker or bank manager before committing themselves to any transaction involving a subscription for shares or bonds. A few hours spent in discussion with a trustworthy and exnerienced friend before subscribing, is worth many days of effort to obtain a remedv for, or procure release from an obligation which should never have been entered inf o.”