HIGH COST OF LIVING AGAIN.
A clause in the Bank of New Zealand Bill provides for an increase in the remuneration of the directorate of the bank from £5000 to £6500. "How is that distributed 1" asked the Leader of the Opposition (Mr. H. E. Holland) in the House of Bepresentatives last night when the Minister of Finance (the Hon. W. Downie Stewart) was explaining the BilL The Minister: "I assume it is to be arranged by the directors themselves. Probably the chairman would get more than the others. We are not really concerned about that." Mr. Holland: "We must be concerned, because it is in the Bill." Mr. J. M'Combs (Lyttelton): "la it to meet the high cost of living!" Mr. Stewart: "I suppose so. The directors evidently think their responsibility is increased by the creation of this new department of the bank."
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Evening Post, Volume CXII, Issue 59, 7 September 1926, Page 8
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144HIGH COST OF LIVING AGAIN. Evening Post, Volume CXII, Issue 59, 7 September 1926, Page 8
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