LOCAL AND GENERAL

Rotorua Morning Post, Volume 3, Issue 622, 29 August 1933, Page 4

LOCAL AND GENERAL

Hole iii One Playing on the ArikikapakaUa course this week, Mr. D. Howden, a visitor from Pahiatua, holed out in one at the ninth. He incurred and cheerfully paid the time honoured penalty. Visitor's Appreciation "Your Rotorua golf links are beyond compare in New Zealand and equal -to anything else in other countries," said Mr. J. T. Grose, president of the Associated Banks of New Zealand when speaking at the weekly dinner of the Rotorua Rotary Glub yesterday. Rafcing Club Meeting Menihers of the Rotorua Racing Club are reminded that the annual general meeting of the club is to he held in the Citizens' Club meeting room at 8 o'clock this evening. The annual report to he presented at the meeting is published on Page 6.

A Dissatisfied' Visitor? Over the signature of "Never Again," a correspondent writes as follows to the Christchurch Times:-— "Being on the point of leaving your city, I hope for ever, I desire to take this opportunity of saying that New Zealand is the most puritanical country on the face of the earth, and Christchurch is the worse city in it. If puritanical authorities and newspapers were any good to a country yours should be the most moral on earth, and it is nothing of the kind. Your people go about smirking, but are they any better than other people? I think not. They are only thinking about four things — wool, meat, butter, and being proper. They do not even know they are alive. Why don't they wake up and give. visitors a fair run and a reasonable welcome instead of making one feel he is an outsider? Even the small towns of Australia are better than this, and I thought they were bad enough."

Japanese Officers' Visit A party comprising Captain N. Hayashi and four senior officers of the Japanese Governmept training ship, Shintoku Maru, will arrive in Rotorua this afternoon, accompanied by Mr. D. Ardell, Internal Affairs Department, on a brief visit to the town. The party will stay at Princes Gate, and to-night will attend the special Maori concert in the Peerless Hall. To-morrow the main attractions in the vicinity of the town will be visited, further trips depending on the time at their disposal. Further Liberations Further liberations of trout fry have been made from the Ngongotaha hatehery during the past few days, 100,000 being liberated in parts of the Waikato River on Saturday last and a similar number yesterday. The Ngongotaha Batchery has again been restocked to its full capacity, while the Tokaanu and Waikaremoana hatcheries are also in full operation. Service of Dental Clinics "The dental clinics have not done the service to the community that they should have done," declared Mrs. T. Collins at a meeting of the Women's Auxiliary of the Unemployed Workers' Movement at Hamilton. "The children of the relief workers .who cannot pay the subscription, small as it is, should not have their teeth neglected when the facilities and nurses are available. Returned Soldiers on Relief "It is a crying disgrace the way returned soldiers on relief worlcs are j being treated," commented Mrs. T. Collins, at the unemployed women's meeting at Hamilton. "If the men who went to the war had thought for a minute that the promises that were then made would never have been fulfilled, there would have been more conscientious objectors; the women folk would also have been less patriotic." Old Steamer Sunk The Union Steam Ship Company's old and well-known vessel Tarawera was taken to her "last resting-place last Monday and sunk at Lowry's Beach, Stewart Island. Having outlived her usefulness as a steamer and later as a hulk and store ship at the whaling base, she now lies sunken and abandoned, but still performing a useful office — that of breakwater in an exposed bay. Too Much for the Borer Stories which were told by New Zealand soldiers who were imprisoned during the war in Germany of the hardships of their life, ,a.nd the inadequacy and shockingly poor quality of the food are confirmed in a striking way hy an exhibit in the display of antiques which is being held at Balclutha, states the Otago Daily Times. This is a loaf of bread of the type provided for prisoners of war, and brought hack home hy a soldier as a gruesome reminder of former miseries. Although it is stated to have been made of rye and sawdust, it resembles in appearance a geological specimen rather than an article of diet. Even the wood-borer has been deluded by its appearance, as the loaf has been riddled in several places with the holes of this hopeful and persistent insect, which evidently found the fare so little to its likirig that it had abandoned the loaf in disgust. White Star Motor Sfervices Newby's Motors, Ltd. run from Rotorua to Hamilton and Auckland.' Cars leave daily at 8. 30 a.m., feturning from Hamilton at 2 p.m. First-class cars and drivers. Book seats at R.M. office. Phone 19*

a useful public purpose was in the development of the le tled outlying districts, the & posits received hy hranches more developed districts beir ised to meet the requirements veloping these areas. Pioneered Development The speaker then went on t how the banks of the Domini pioneered the outlying 'distr: the Dominion in its early hist providing finance where it wa needed, although knowing thai long period the funds provided be locked up. It had been l'1 however, that as the country: oped the granting of this acc dation would reap its reward fact of centralised control a knowledge that the strain f one hranch could be met 'by ' sources of another was also able asset of the systeni as the small hank system, whij liahle to find its assets froze] had unfortunately happened r in the United States and al the banks had again re-openei doors some millions of dollan have been lost. Referring to criticism rej levelled against banks, their tors and shareholders, Mr. Gro that it was not the policy of the to enter into controversy in matters, but he quoted fig1 prove that the shares of ha New Zealand were held hy thousands of shareholders wh( erage holdings were not ge more than £500 and dividends i cases no greater than £50 p num. Study of these figures correct the impression that ti fits of the banks were abnc large. , Reduction in Interest Rat Regarding interest rates speaker said that these had he orously pared down by a reduc two per cent. during the past ei months, providing a narrow ■ over expenses. Difficulty had h perienced in bringing down t ' more rapidly, the competition posits, ineluding rates offered. Government, being greater n Zealand than in any other c If all facts of the incidence o: tion in New Zealand were fca ' account, it would be found bank rate of the Dominion ^ too high. During the depressi banks had provided finance ^ Government for the prosecu development schemes at a S rate of interest, mainly for P1 reasons. .; The assertion that banks S1 dit out of nothing, was a nu» tion, he continued, this cre i granted out of large funds w been built up over a period oi and which were in the natuie . ihle resources provided by positors, and made avadab e . banks for the purpose of tne tion of trade. The banks ha of restriction of creditan P to consider a constructive po naturally had to consider urities offered as a matter PJ. before lending money. Tbe co= were so difficult at^ the Pie® ^ that, in company with a.l om nesses, the banks had o x v sider the advisability oi new business, in order to e ^ there was some prospect oi It was the duty of banK= soundly. Oiie essential ■ quidity of resources, and policy of the Dominion ,, sound one, prudently eon