CURRENCY REFORM.

Auckland Star, Volume LXIII, Issue 122, 25 May 1932, Page 6

CURRENCY REFORM.

If the attendance at the Town Hall last Friday night when Captain Rusliworth delivered his address can be taken as an indication, then the depression has brought one good at least; it lias stimulated a keener interest in economics. But that is not the purport of this letter. It must be obvious to the most prejudiced that the present maldistribution of gold lias put our monetary system hopelessly out of gear. Any scepticism regarding this point nrast surely have been crushed % the speaker's reference to the expressed opinions of various prominent men in different spheres of life. That the system is defective, then, few can doubt, and an investigation with a view to overcoming these defects is proposed. Undoubtedly this movement will require the support not only of the public individually, but of collective bodies, such as the chambers of commerce. Next month our delegates will leave for the Empire Conference to be held at Ottawa, when the question of currency will undoubtedly be discussed. This conference is destined to have a farreaching effect on the future of New Zealand, and we owe it to ourselves and the generation now at school to see that our representatives go equipped with the maximum of knowledge regarding these subjects. In view of this, I consider that Captain Rushworth's proposal that a non-politieal tribunal be set up to investigate our present monetary system should be supported in the hope that it could be put into effect with a minimum of delav. BETTER TIMES.