INFLATION NOW.
"MILD DOSE MIGHT HELP."
LONDON, May 12.
In the Houee of Commons Mr. C. Brown (Mansfield) moved the Labour party's amendment to refuse a second reading to the Finance Bill, on the ground that it suspended the land value tax, reimposed the tea duty, and cleared the way for new duties on staple foods.
Sir Robert Home (Con., Hillhead) said that raising the sterling prices of goods was vitally important to enable ue to realise the Budget estimates. It was going to be a very close thing between the survival and the decline of civilisation. So long as we controlled it, he feared no evil consequences from a little inflation at the present juncture. The world was waiting for Britain's lead.
Mr. L. S. Amcry (Con., Sparkbrook) said that the policy of the Bank of England must be revereed. We must depart from a financial tradition which had nearly ruined us.
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Auckland Star, Volume LXIII, Issue 116, 18 May 1932, Page 7
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153INFLATION NOW. Auckland Star, Volume LXIII, Issue 116, 18 May 1932, Page 7
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