SHIPPING PRODUCTS AND FINANCE

Dominion, Volume 14, Issue 160, 2 April 1921, Page 12

SHIPPING PRODUCTS AND FINANCE

Sir—lll is with genuine pleasure that I read the report of the producers’ meeting held in Masterton on Thursday last. The Wairarapa and all New Zealand have every reason to bo proud of having in their midst wide awake direct actioniats such as Sir Walter Buchanan, M.L.C., Messrs. J. C. Cooper, IV. Perry, Hugh Morrison, T. Moss, and members of the Farmers’ (Inion and A. am! P. Association. From the resolutions passed they make manifest their definite decision to assist the Prime Minister to place this country on its right pedestal in trade and commerce. So far as the transport of resources is concerned New Zealand has at last found tho correct course. In respect to the marketing of our resources the right punch has been given. The remedy does depend upon educating all Britishers to patronise the producers of their Empire, urging the Imperial authorities and their servants to be loyal to their loyalists, eliminating the financial magnates. It. is imperative for us to use tho real tangible property of meat, wool, etc., as security for paper currency, that property acting as medium of exchange for a gold basis, until sold in markets. A New Zealand State bank (collecting) to bo opened in London directed from headquarters in Wellington, New Zealand, whore the farming and commercial department of our State bank can undertake the financing of the farmer and freezer. The establishing of this State bank department will solve the simple mystery of the present financial crisis that has very nearly scared those mostly concerned in the wellbeing' 'of "New Zealand. Our exports greatly exceed our imports! After adopting sound, dependable shipping lines—our own steamers—we must reorganise our wholesale nnct retail trade (meat )in Great Britain without the interference of British and foreign multimillionaire middlemen. Wo must elaborately advertise our meats, etc., in our markets, explaining how beet to thaw frozen meat; then establish our own financial institution. New Zealand will then bo the most prosperous country in the world. That the gentlemen previously mentioned will, with the New Zealand Farmers’ Union, the Board of Agriculture, and the co-operation of the Prime Minister and others concerned, succeed, there is not « shadow of doubt In years to come posterity will read in historv how New Zealand was saved, though tfien simply, bnt now nobly, by the direct.actionists aided by the 1 rime Minister. —I am, e’.'c., _ ADVANCE NEW ZEALAND.