BANK OF NEW ZEALAND

Hokitika Guardian, 27 June 1923, Page 4

BANK OF NEW ZEALAND

MH I.VSWH ATTACKS C'J lAIHMAX. WM.I.INGTOX. Juno AT In Ins s|:oo.h in iho Addro.-s-in-Ho-I ly ilolinio tu-ninht, .Mr CV. I). I.ysnur. Mono it fur Gish,uiio. nltii; knl Sir! Kilim in his oupnoitv id rhnir- | mini ot' tin- linuk cil Now Xouhind <lil1■ - I luriilo. fur Ill's ron-nl rrm.iilis sil tlit* | i<niiii;il nurtiny; uf -luirohi h'o: s oi t’l.il j inst iLiit iun. 11.- ::nI Hint j.'unl loiiti n j should mu ! r :ili.: d tn on ilhmit llis- j i rodilinu she 11 . miiiii.u. ;nii| ihu-r u In; j n oro the innin-iuy nl' ihr llmnimmi mid , ul' lhr hi! n k 11 -. i||(. , .|iii i red Id in j uitli Inn I’lu: ni.'"!r ;i liliulinus .iiilhiiihii | -oiiin-t i!:r km I | i ■ ; 1 iui.iry < I ihr I >.• million. Ihr j. 1 1 1 u;drd 'in 1 r voininrnl tn stop him I'rum duiliy lhi~ : -ort ui iliinu. The liomls nl ml: ■ r lj:t I! K - dll tint slliudiT t.'io lillor ui Ihr I I ."util" lie ilmii'niun it' the hunk up- : lu'iuiillv lhuil|'hl ii his dm y tn 'i.irilr idle II" 1 1 1 1 ■ hy Miyllljf lllill Gild vn i nos | ■•'•urr ton hirli. Mr Willoid : Hour. hour, mid i hoy "ill -nil yn 11 I < >i- tlnor div idriuls. Mr I y-nnr : “llu dm urn us tho I litlu- m his 1 1u s| uiii ills noil trirlit'.'ii' j i'.i|iit d." As ilto Giivurninont inuni- ; mill'd nnirr thuu :i niuj.iilv ui' thr d- | fret ill's mi tlir hom'd, il u ;u, i ■ u'r dm;. ; in srr- i lint litis wil • st,i;-.| ed. M r W'ilii'u I : I lutir. Ihtir : nud If it : v. us ])■ t s turijiTil M'rinolhiin; ids" must j linppnn. .Mr I.ysnur suiil hr did mu wish to i Irllrct nu thr In'iul.s uf liny of liu- u! nor j Gunks-- they did mu do lids sort nl ill ini' hot hr Ul'ord [hr Gnvrl ntitout :u i'r.il. ho si: id ii hi:. 1 1 ic i r ilmy in liif ini. i •-1 - i ! lho I >■ .11i11i11;i. to mo j Io I. Sir (ihiry i'iiliut oriiioi-'d ihr j ill I. I - '! ■•■ini', and Iho I r i n-u; nr.. 1 ivr |

ei'i' r! :ii :i l i:! i ■ w lien the enmity as 1:1 l >; •*i11o>!<■ I t■ ii"«-111ii~.t.iliiit tii • I ■ it-:.; li't: time t!: -.!:iimthe | <••>- i It' - -' tii !i". tili'l t lie v;il>!<*s il' land, I •• nil tinit .-ni t ni 1 1 1 inrr. II • al-n refer- | red to Sir linmlt] Ut-:itii-b:tl nj)‘>, 'tali'- | lam!. The land-m tiers did tint waul [ til" heads Ilf these Inst it lit idle. til 1,1.' i lion Iin:; :• I t'lem. The 'a iii'Vs were l as well all!,, I , In,mile their Im.-:- | lies.-, a> .-invent' At a line • line | this. ii $a- (inly te he exi eet.'il tli t 1 t reryt-ne ha I liis ttmiUes. ran h trim-I hies H ere \\ ide-s|i:oad. l-'inain-inl linns in Amerieii voie •'nine t -rnsh. .Mr l.ys- | nar went on to eritiei-o soine o!' Sir I (leortte Klliot's statement in detail. j A Labour member intei jeeted : lie's | a Bolshevist. Mr f.ysnar (|inu.-intr ii'.nmeiititl ily): | 1 was just noine to say he is a I it. Inti j the ethers are worse. (I atiuditer.t

Mr l.y~n:ir 1 omiiuled Sir Harold i{i-a;icl)unij> thru lie also h;ul decried the haekhone of ihi~ Duuiniton. vho V-rle entitled to hotter re-i.eet hy llic herd'- of ;m insiitmien 11■ }i rs this. Mr 1.y.-ii.u- worn on t> urpe that the (iovermneiit nominees on tie Hunk of XV.. Zealand directorate should uni hold slmtes, [t v.'tes t !:• ir duly to re-pie-eiit the (lot ernment only, and no sha i eltohie! s ;; l all. The (dovornment should m nttini-.e any leernimendtuicns that eatne from these directors, and go over them very carefully. Dealing v.uh lire- tinii'.itoi int'i. Mr l.vsnar said it would not he wise to try to force on

tin' v. hole of tlio s\- I t-ni put for’.vai'<l I>v the advocate- of the agricultuial banking scheme. The alto:native ins that the* (.overntnent should eon-ider the i i|t:osiit'ti of allowing tho Advamo. Department to D-uv debentures in <-rt!ov to moot the demands of tlio moratorium. Mr .Mit'M'y: We are doing it non. Mr I.ysnar: .1 ;uu glad to hear tho Prime .Minister say that. The £3COO advancer, will not altogether meet tho demand; they will not bridge over the «ii(B.o;ity of the higher amounts. If the Prime Mini-tor would extend what he i> doing now. and allow the Department to i- :o del-snttires ft n* [or cent., with a sinking fund of tit least ] or I f per rent, for f?fi or 3d year-, to le registered against the titles, it would he a step in the right direction. Mr I.ysnflr said l e dal not sugge-t that they should go to the Home market for this money. He suggested that the money should he obtained here, -ill that wr.s wanted was to make the j . terms neeeptahle to the mortgagee [ and tho mortgagor. Mr Wilford: What would yen esti- ■ mate the amount at 1 Mr l.y-nar: Fifty or sixty millions, j Mr Wilford: Oh. it’s more than that, j An lion, member: A hundred and fifty millions. Mr I.ysnar: No. I am told on the

authority of those interested in finance that it i:- about 50 or GO millions. That is about the amount. Mr YEis-ey: Every good sei urit.v will he taken up by the end of the moratorium. .Mr Wilford was understood to say 1 that Mr 1.v.-nar had adopted his scheme, j Mr l.ysnar: 1. do not want your j scheme. ! leli'Ve the I ’time Minister j will adjust this. .Mr Yla-ey: I'll do it all light: | don't you worry.