LOANS FROM AMERICA

Bay of Plenty Beacon, Volume 14, Issue 42, 23 September 1949, Page 4

LOANS FROM AMERICA

Sir, —When Professor Rodwell took up the role of propagandist for the world bank (bunk) the import export bank and Wall Street domination “as top dog.” This is quite appropriate as showing how closely our economic advisers are attached to the London school of economics of Socialist-Fabian fame. There has been quite a few professional adhgrants of this “wonderful school” which have been advisers to our respective Governments; but in every case they have led us and the British Nation into debt and financial disaster, the Americans have no control over this jackpot of iniquity; it controls them. Mr Rodwell discusses American investment abroad, that private lending by Americans! Especially through such an agency as the world bank, which would expand world output! But there is a retaining clause in that joint and several in those

world bank loans', that comes under the Bretton Woods Agreement; therefore international loans ‘must’ be suspect. When the nation wakes up to the fact that they have been sold a Wall Street pup. Then will Mr Rodwell’s “fact finding” and presumably co-operative! Under duress—Be committed to the scrap- - heap and our economic stability be once more in the ascendant. * Yours etc., W. BRADSHAW,