INFLATION DANGERS CAN BE VERY REAL
— -Press Association
By Telegraph-
A U CK L AN D, M ay 0. "I feel it niy houndeu duty to drav attention to the dangers of inhation which can become very real and ean be j so disastrous to the whole coiiimunity j particularjy to those on tlie lower in j come level," said Mr. Oliver Nic.holson tlie retiring president, in his report t«> the annual meeting of the trustees of J the Auckland Savings Bank. Jir. Nieholsou added that he was convjnced that the Government fullv re : cognised this jnenace and had taken, , and would eontinue to take,. dofiiii-th , steps to exercise tlie necessary control. One of the greatest stabilising factors ; was the vohmtary cooperation of tlu. i people in refrainiug from competitive spending wliile consumer goods weixin such short supply. Voluntarv saving on a large seule was reflected in the figures presented to the ■ meeting. he said, but even furthei efl'orts in that direction were not onlv jdesirable but also essential.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHRONL19460510.2.21
Bibliographic details
Chronicle (Levin), 10 May 1946, Page 5
Word Count
169INFLATION DANGERS CAN BE VERY REAL Chronicle (Levin), 10 May 1946, Page 5
Using This Item
NZME is the copyright owner for the Chronicle (Levin). You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in