LABOUR’S POLICY.

Ashburton Guardian, Volume 55, Issue 169, 1 May 1935, Page 3

LABOUR’S POLICY.

MR RICHARDS’S ADDRESS. There was an attendance of over 200 at the Tancred Street Hall last evening, when Mr A. £>• I* c * • ’ M.P. ' for Roskill, who has been Mid-Canterbury since Saturday, a - livering a series of addresses on behalf of the Labour Party, spoke on the subject of Labour’s policy aga !"J rural mortgagors’ adjustment me Mayor (Mr W. H. Woods) presided. Mr Richards spoke at length, and answered several questions He traced the history of the New Zealand Reserve Bank, and said that Labour m power would take over the bank and make it a purely State bank, using it in the interests of the producers, the speaker pointed out that the Dominion was the richest nation m the world, the national, public and private wealth being estimated at £1,072,000,000, yet. hunger and poverty stalked the land in greater proportion than in any other part of the Empire. Mr Richards also referred to oui markets in England, and said that the future was not bright. Only by iestoring wage and income inductions, he said, could the trade of the nation prosper. Labour would restore the cuts and make increases to epable the people to consume more and more. At the close of bis address Mr Richards was accorded a warm vote of thanks.