PUBLIC OPINION.

Waikato Times, Volume 114, Issue 19117, 30 November 1933, Page 9

PUBLIC OPINION.

As expressed by correspondents whose letters are welcome, but for whose views we have no responsibility. Correspondents must write in ink, _ j WOMEN AND BOWLS. (To The Editor.) Sir,—-I note with gratification a report in your columns which states 1 that women bowlers are to be exi eluded from pennant matches and from the management of the sport in Christchurch. The decision reacned by the Christchurch Bowling Centre Is to be commended, but in my opinion ■it does not go far enough. The invasion of women into business, and now into essentially masculine sports, has reached dimensions which are becoming alarming and -threaten _to produce open hostility between the sexes. Women already have several sports which the ingenuity of “mere man” has devised for' their entertainment. Why should they have to encroaoh upon yet another of the sports which have been sacred to men for centuries? The present trend is a dangerous one, and can only be arrested by prompt and fearless aotlon On the part of those in control of the game. It is behaviour such as this which inclines one to sympathise with Herr Hitler in his endeavours to restore women to their rightful place in the home.- —I am, cto., MAORI. Claudelands, November 28, 1933DOUGLAS CREDIT SYSTEM. (To the Editor.) Sir, —1 had several books on tho above subject. I did my best to get the hang of It, but it is my first failure to understand suoh a wellknown subject of finance. It was all right at the start, but I will guarantee that If gone into properly it is nothing but a rather thiok-hcaded fraud. This Government has had a very long and weedy row to hoe, and if wo give them time and room according to the means at their disposal they will eventually either secure all available business profits for the people or allow another Government to do so. Messrs Forbis and Coates are just as able to fix the above as any other Government; they also are capable of reducing all costs of administration. All must admit that capital is frozen by present legislation; and that \yhen conditions are suitable money now corailed will come into circulation. New Zealand is capable of a fast recovery when the brake that now stops the circulation of money is removed, Messrs Forbes and Coates were willing to beat the banks on £oid value. 'They should now let the electors see that they will be able and willing to pass an Act abolishing all banks and insurance companies in New Zealand, bar those owned toy the electors. Thus they would have only one party in the House, and that one would inolude all faotions —'Labour and farmer. It will .come, so why delay? Let ’- our present . Government show the woifid that a new era of better conditions for the under dog Is hero: • • —I atxi, etc., . G. H. McKENZIE : Kawhia, November 2J, 1933. INFLATION A WELFARE LEAGUE. i (To the Editor.) Sir A —The League now has its back against the wall. Although I have given All angles of'the effeot of■in- , nation and deflation in figures based on statistics, it met-eiy says: “We-do not follow his oonolusions, which contrary to: the opinions of the Chancellors of the Excliequers.” That may, be, and if,= I were in Parliament, representing, big finance,' I expect I, too, would-have to follow sound finance and cure depression by robbing the smaller business men and farmers of their all so that they can go back and-slave the rest of their lives to pay interest. The trouble is that although we can produce enough to supply all our wants those who are in need get too small a proportion of ( the sale of suoh goods to buy them. ■Those who do not want goods get the rest. By deflating the currency they have doubled their proportion, but they say “ridiculous, absurd,” when one suggests reflation! The League claims that there is' an Increase in the number of small capitalists. Yes, but their capital is too small for inflation, of say, 100 per cent, seriously to affect theip, and by deflation “sound finance’.’ vs robbing,them of their other means of support and preventing them from increasing their holdings. This small capitalism is one of the things this artificial depression Is designed to check. I did not overlook reductions in interest rates. Interest on existing contraots of a few years , ago Is not reduced. It is only when a farmer goes bankrupt or "walks off” that the next man buys in at lower interest; but is it below Gi per cent, anyway? ; I admit that the depression will be removed this way, but if it is, there will be another depression in a few more years to prevent the present buyers from getting the results of their labours. The League admits that a “certain amount of inflation would no doubt case the position if it could be controlled.” That is what I have proved; and it can be controlled. If the Government paid out Is Gd per lb for all butter exported, and so on, no matter what was received, our currency would be stable to a pound of butter, and our internal contracts would be stable too. As I have also proved, small capitalists—those who live partly by working—would not lose by inflation. Now, where Is the League’s case,? It cannot provo from official figures that the bulk of money invested in ' loans- comes from small -capitalists. It may find one-twelfth. It has admitted* that Inflation will ease the position if it oan bo controlled (it can bo), and yet It goes on arguing , by accusing mo of making “ilutrid" accusations, and when I give them back their own words they accuse me j of “low tactics.” This discussion may not bo worth continuing because J have already ] proved every argument for deflation to. be wrong, and 1 am ready to prove , that inflation can bo controlled. —I am, ■ etc., EOUITY. Tirau, November 28, 1933. (