BANKS & TAXATION
PRIME MINISTER’S COMMENT. (By Telegraph—Press Association.) WELLINGTON, This Day. “Most banks appear to come out of the strangulation process pretty healthy,” said the Prime Minister. Mr Savage, when invited in an interview last evening to comment on the,statement by Sir John Davidson, that the trading banks of. New Zealand were being strangled. “One has only to look at the dividends paid by the various banks,” he said, “to find there is not much to support the complaint by Sir John Davidson about strangulation.”
Mr Savage said that all the Government wanted from the banks was service that would permit of the development of New Zealand to the full and make it possible for the producers of the country in all lines to have the benefit of their effort. So long as the country got that service there was no need for any government to share the worries of the bankers.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/WAITA19390201.2.52
Bibliographic details
Ngā taipitopito pukapuka
Wairarapa Times-Age, 1 February 1939, Page 5
Word count
Tapeke kupu
152BANKS & TAXATION Wairarapa Times-Age, 1 February 1939, Page 5
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Wairarapa Times-Age. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in