NEWS AND NOTES.

Hokitika Guardian, 22 August 1932, Page 2

NEWS AND NOTES.

LEADERSHIP IN COMMERCE. “Commence wants those who can-in due course take tho lead—hos© with personality and initiative who will not wait for business to come to them, but will go out and get it,” said Mr H. Ramsbotham, M.P., Parliamentary Secretary of the Board of Education, in an address to the Royal Society of Arts; ‘‘those with the disposition to make things happen, and not go to. wait for things to .happen, with the intelligence to plan - and forsee, to be wise before the event and not after it: qualities that are uncommon and dependent as much upon character as upon'iirainsJ’

“MANIPULATION” AND “INFLATION.” “We are met with certain curious obsessions immediately we announce or suggest a policy of raising commodity prices; we 'are told that we are trying to create prosperity by currency manipulation,” said Sir Robert Horne, M.P., in a recent speech. “But currency manipulation is no crime. It is carried on every day by the Bank of England. The fact is that there is a * deep-seated view in people’s minds that currency has been created by Providence and that it is sacriligious to touch it. Manipulation is not bad, but you may manipulate it badly, and then the whole world suifers. There are other obsessions. The world inflation is a perpetual deterrent to the just consideration of these problems. People who tell you thaf you must not inflate can very seldom give you any roason why you should not do it. In the last resort they are forced to say that you must never begin it because you cannot .stop it. They are like people who would refuse a drop of brandy to a man with a heart attack in case lie should take drink.