TELEGRAMS.

Hokitika Guardian, 10 May 1922, Page 4

TELEGRAMS.

IDV TELEGRAPH- —PRESS ASSN., COPYEIOttI. I OVERDRAFT REDUCTIONS. AUCKLAND, May G. HA leading banker, on being questioned with reference to the Press AssoHciation message from Wanganui (staling that a New Zealand firm find oh- ; tained overdraft accommodation ill LonHdon at .5 per cent.) remarked that lie had read it with great satisfaction, and Hthat he hoped that many more business people and others indebted to banks would borrow outside the Dominion Hin order to reduce their overdrafts here. He. added that, in increasing the H overdraft r nte to 7 per cent, the banks had mainly in view of the forcing of costumers who were in a position ,to sell H assets or to borrow against them to do so. “It now seems,” he states, “that Hone customer, at any rate, has done this. It is quite possible, in view of Hike present abundance of money in London, to borrow at 5 per cent, for short „ dates against gilt-edged and readily realisable stocks, such as Imperial, Govs eminent securities. It by no means follows, however, that people can lxirB , row in London at anything like such “a securities as hanks in New Zealand 3 . ! have been obliged to accept in order to help thei r customers through the preB a I sent financial stringency in the Do. *1 minion. In fact, there are many cus- . turners to whom the hanks have rend- ** ered assistance who could not borrow ” money in London even at 10 per cent.” AGGRESSIVE RELIGION. ARCHBISHOP JULIUS'S APPEAL. . AUCKLAND, May 8. In an address at the Y.M.O.A. yesterday Archbishop Julius made a strong appeal for sane, practical Christianity. Religion tended too often to become respectable and amiable, lie said, and suffered from want of power and exhilaration. t‘There is a lack of vigour and life in our religion,” added Archbishop Julius, and it becomes stale, monotonous and fiat like small beer. (Laugh-

: ter.) We shall never know success until we become aggressive.” He ridiculed, the kind of religion that found i*s sole.satisfaction in Psalm singing. “It is no good singing dear little hymns to nasty little tunes,” he said, amid laughter. It was the spirit of venture that would save religion from monoi tony. They must go into the street and bring people in. That sort of thing was not left to preachers; “and,” added his Grate, amid further laughter, “if it were. God help us.” He thought that too many people were afraid and ashamed of confessing that they were Christians. It was the man vith itltiek who was wanted*—the man with courage, vigour siiid life.