WHITHER'BOUND NEW ZEALAND
Sir, —It is with pleasure, that I note the recent interest taken in our present clay economic administration through the columns of your valuable paper. Now Sir it would be both educational and instructive if some of your correspondents would try to solve the problems of our present day economic troubles and look for a solution. The solution is to be found in "who rule the. State." Mr Mcßeth says: The Bank of NewZealand has been functioning as a State Bank since 1931. Yes; it has been functioning as a State withia a State and has taken complete con_ trol ? but does not represent the interests of the nation. Further he considers it fundamental that the. policy (economic) must be left with) the Government. The policy should be the peoples policy, and administered by the Government as the servant of the people. Now the Socialist Government proposes to take over the. Bank of New Zealand this with unlimited power can produce the undesirable effect of totalitarian dictatorship; whilst the opposition would adhere to the orthodox banking system, so that you can take, your as to being thte slaves of Government direction, or driven by private (or foreign) instithe result being the same in either case. This state of things! be overcome by forming Electors Associations throughout the country. The voice of the electors can control their member or members, and destroy the power of the which is the power of the premier >vho is the direct agent for bight finance and the administrator of your economic policy. If you want to get on a sound footing you must start on the ground floor of Government; foV and by the not for only one section of the community which is Party and does not smell any sweeter by any other name. A recent report states that new bran* ches of the Electors Association are working in Parnell, Auckland Eden Otattuhu and Paeroa. What about Wha'katane? Is it going to be the last to speak for Freedom? i Yours etc. w bradshaw.
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https://paperspast.natlib.govt.nz/newspapers/BPB19451106.2.10.4
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Bay of Plenty Beacon, Volume 09, Issue 21, 6 November 1945, Page 4
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343WHITHER'BOUND NEW ZEALAND Bay of Plenty Beacon, Volume 09, Issue 21, 6 November 1945, Page 4
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