BANKERS REBUKED
"SPLITTING HAIRS" CHARGE
(By Air Mall—From "The Post's" London Representative.)
LONDON, September 12.
Sir Robert Kindersley, president of the National Savings Committee, has sent a sharp reply to Middlesbrough bankers and stockbrokers who complained that the Two-and-a-half per cent. National War Bonds did not attract a sufficient yield for industrialists and other large investors.
Sir Robert, in a letter read to the town's war bonds sub-committee, said:
"If we attempt to split hairs over yields on our money at a time like the present we have no right to ask or expect that our fighting forces should continue to try and protect,us. . . .
"The sacrifice which anybody with money today is called upon to make is so infinitesimal compared with the sacrifices which our airmen and others are making to protect our country, our lives, and all that we possess, that it hardly bears thinking about."
Speaking at a luncheon on August 9, Sir Robert Kindersley said:
"There are business men in the Midlands and north of England who are more interested in their profit and loss accounts than in the needs of this country.
"A special campaign committee is being set up, and it is hoped to make 'tough guys' realise the importance of keeping the national finances sound."
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19401015.2.23
Bibliographic details
Evening Post, Volume CXXX, Issue 92, 15 October 1940, Page 5
Word Count
211BANKERS REBUKED Evening Post, Volume CXXX, Issue 92, 15 October 1940, Page 5
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