N.Z.’S NAME DEPRECIATED

Gisborne Herald, Volume LXVI, Issue 20001, 28 July 1939, Page 11

N.Z.’S NAME DEPRECIATED

OPINION IN LONDON FINANCE POLICY HI.Ail ED BRITAIN READY FOR WAI, iPur Press Association.) WELLINGTON, this day. New Zealand had certainly fallen in the estimation of Englisn people because of her financial policy, said Mr. J. G. Buckleton, of Wellington, who returned yesterday by the liangitata from London. • He said that City men were watching the Dominion’s legislative experiments with interest. They were sympathetic with tire ideals of her Government, but considered it was go- ■ >ig 100 fast. 'mere had been talk of New Zealand having to default in . ~ p~pn,ei.t ui ntr cieu , but it had not been seriously believed that sm would do so. The opinion was that tae Minister of Finance, ihe Hon. vV Nash, would get his money all right, if he liked to pay the price. There had also been a bit of a squeui at Home about New Zealand’s import restrictions, but the attitude generally taken was one of sorrow, rather than of hostility to New Zealand. Business in London was very “scarey.” Every time a customs guard was shot on the Polish frontier, the stock market would flop. However, in his private opinion, war was unlikely. If it came England was definitely ready for it. August and September especially, were being watched. At Brooklands he had observed tremendous activity in aircraft production. England was spending 2,000,000 a week upon ' aeroplanes alone; in addition, she possessed the strongest navy in the world. If she was pushed too far and war came, there was no doubt that somebody was going <o get a hiding, but it would hurt us in the meantime. ■ Mr. Buckleton flew Home last April to attend the wedding of his sister, Miss Jean Buckleton, now Mrs. E. H. Hopkins.