THOUGHTS OF THE TIMES
MONEY AND CONFIDENCE,
r llie accumulation of deposits and reserves in the hank means, as the [ “limes'’ and the “Morning Post” have recently pointed out, that those who have money are simply afraid to invest it. \\ hat is needed to dissipate the gloom in which the world is shrouded to day is the elimination of fear ail'd the. revival ol confidence in financial and commercial circles. And when we realise the meaning of Air Hoover’s moratorium scheme, when we the leading banks of Britain, France and America co-operating to save Germany’s credit and prevent her finaiß cial collapse, we can understand that forces are at work to-day which are actively and vigorously preparing the way for the speedy restoration of that mutual confidence which can alone guarantee commercial and .financial stability and prosperity to the whole world. —Auckland Paper.
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Hokitika Guardian, 3 July 1931, Page 4
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143THOUGHTS OF THE TIMES Hokitika Guardian, 3 July 1931, Page 4
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