PARTY PROPOSALS.

Ashburton Guardian, Volume 61, Issue 21, 5 November 1940, Page 5

PARTY PROPOSALS.

NO ADVANTAGE OF REGULATIONS ASSURANCE BY THE PREMIER. (Per Press Association). WELLINGTON, This Day. Further assurance that the Government w'ould not take advantage of the exceptional powers invested in the Ministry by-the War Emergency Regulations to further any of its purely party proposals and alsi> that the regulations would be repealed as soon as practicable after the war was given by the Rt. Hon. P. Fraser in reply to a communication from Mr Spender (President of the Auckland Chamber of Commerce) regarding a statement attributed to the Hon. P. Webb on the West Coast recently.

In his letter Mr Spender drew particular,. attention to the reported reference to the end of the capitalist regime, and asked Mr Fraser whether Mr Webb’s views represented the official, war policy of the Government. In addition to tho assurance, given Mr Fraser said that in his opinion the only really serious aspect of the whole matter is the attempt made in some quarters to work up a scare in regard to tho security of investments in war loans and the savings scheme. It was imperative. at this critical period that the financial and credit structure of the Dominion should not be impaired or its stability questioned. It is not only the administration of Government that was involved. It was the good name and reputation of New Zealand in the fundamental matter of honouring all obligations when they fall due. No Government had ever been more meticulously rigorous in safeguarding, the honour of New Zealand in this respect, and incidentally the savings of people, than the Labour Government.