PRESS COMMENTS.

Hokitika Guardian, 28 April 1927, Page 3

PRESS COMMENTS.

It is certainly not the desire of dairy farmers and others vitally concerned in this country that the Dairy Control Board should allow itself to be overawed and dominated by British commercial interests, but it is plainly a matter of imperative urgency, not least to dairy producers, that means should be found of ending as speedily as possible the conditions of boycott and commercial warfare now ruling on the London market. —“W airarapa Age. The monev proposed to be paid in providing work for the unemployed must be borrowed, and it is generally agreed that borrowing should be kept within the narrowest possible limits and that onlv reproductive work should be undertaken, flic Government would prefer to reduce rather than to increase the expenditure of borrowed money, and it is really straining a point m order to provide for the unemployed.— “Taranaki Herald.

Our banks work on the sound principle that securities should as far as possible be left liquid. The terrible example of the Bank of New Zealand thirty years ago is ever before the eyes of New Zealand bankers. The BTTnk of New Zealand leaned too heavily oil the land, values lqll, and if the State had not come to its rescue it would have had to close its doors. In other words, British banking, the lines of which have been copied in New Zealand. is based on sound foundations. — Christcliurcli “Press.”

Recently Mr Grounds, chairman of the board, attributed the hostility to compulsory control shown in London to “ some speculative operators.” As the chief argument in favour of the control policy was that it would eliminate speculation in our produce, it follows that either the board has not been successful in its efforts or that the cause for the drop in prices and the accumulation of stocks calls f

some other explanation. In any case f.o.b. sales would not assist the speculator and as they might benefit the farmer the desirability of making this amendment of the present system should have the most careful consideration.—“Lyttelton Times.”