LOCAL & GENERAL

Hawke's Bay Herald-Tribune, Issue 193, 1 September 1937, Page 4

LOCAL & GENERAL

Bowlers in H.B. The membership of the twelve bowling clubs affiliated to the Hawke's Bay Bowlingj Ceutre is 575, an increase of 42 on last year. Dutoh Nationai Day. The Dutch N.ational Day was observed yestei'day and commernorated the 57th birthday of Queen Wilhelmina who has been ruler of the country since 1896, a period of 41 years. Sleepy Sheep. A prevalence oi "sleeping, sickness" among sheep in the Eketahuna district is reported at present, quite a number of deaths baviug occurred after the disease. Bankruptcy Petition. Eour petitions in b->' Uruptcy were iiled at Napier during August, as against none for July. An order for tlie liquidation of a' company was also made at the Supreine Court during the rnonth. Rush to Pay. A constant queue of people waiting to pay the unemployment levy kept the staff at the Hastings Post Office busy all day yesterday, which was the last day for making payment. New levy books to serve up tili 1940 are being issued, the books serving for three years instead of t-wo as previously. ■ Gable Interruptions. Owing to interruptions to tarious cables beyond Hong Kong, telegraphic and cabie traffic for North China and Japan will probably be subject to delay. Advice to tliis effect is being given patrons at the Hastings and other post offices throughout the Dominion. junior Tennis Titles. The secretary of the New Zealand Lawn Tennis Associat^on, Mr H. N. Burns, announced on Monday that the nationai junior championships for the 1937-38 season would be held in Christchurch on January 12-, 13. 14 and 15 1938. The events will be open to play- , ers who, on January 12, 1938, are under 18 years of age. Havelock Domain Pavilion Good progress is being made with the erection of the pavilion on the Havelock Domain, at the rear of the baths, but the committee has not yet been able to secure the required number of tiles for the roof. About 1200 are still wanted, and the committee would be pleased to hear from anyone who has second-hand tiles on hand. Y.M.G.A. in Railway Camps. The work of the Y.M.C.A. has been extended well into the railway camps on the Napier-Gisborne main trunk line, and there are now eigbt substantially constructed buildings .icting as community centres in the different camps. In these the men are afforded many facilities, such as pictures, billiards and other games, which tend to make camp life more pleasant. The efforts of the association in this direction are commendable. Policy Condemned, The decision of the Hastings Chamber of Commerce to embarh upon a policy of inviting various well-known aUthorities on particular topics of interest to give public addresses in Hastings, was commended by the Deputy-Mayor, Cr. A. 1. Raiqbow, last evening. Mr Rainbow moved a vote of tlianks to Professor B. E. Mtirphy, of Wellington, for his address on banking and currency, and availed himself of the opportunity to congratulate the chamber on its adoption of the policy to arrange fcr speakers to give tlie people of the district an opportunity to better understand matters of public importance. Bite as Well as Bark. Agreement with the opinion that if there was to be n central or reserve bank then that institution should have the final say and directly control tlie currency issue of the trading banks, was expressed by Professor B. E. Murpliy, of Wellington, in his address under the auspices of the Hastings tings Chamber of Commerce last evening, wlien he gave an address on banking and currency. "It is not the sli'ghtest use having a central bank uniess that bank can bito as well as bark," was his summing-up of the question. j'Barking is very often not much good and will not be nearly as effective as a bite, even if it is just a little nip of a bite.'' Future of Gold. ' '1 doubt if the world will have anything to do with gold in its financial system in another 100 years tiine," said Professor B. E. Murphy5 of Victoria University College, Wellington, iil his address on hanking and currency at Hastings last evening. He contended that it was time for the people to "rub the dust from tlieir eyes" as regards gold as a currency and get rid of what he terined a "gold complex". The professor agreed gold was a very good industrial metal indeed, and all tlie gold that was hoarded up in sealed boxes and transferred from one country to anotlier wlien the markets were uneasy, or was buried in vaults away under ground, would be put to botter use in tlie manufacture of articlos. "As a monetary standard," he declared, "gold has outlived its usefulness, and is now a useless tliing."