DOUGLAS CREDIT MOVEMENT.

Auckland Star, Volume LXIV, Issue 113, 16 May 1933, Page 9

DOUGLAS CREDIT MOVEMENT.

DOMINION SECRETARY'S ADDRESS. There was an audience of over 350 people in the Society of Aits Hall last evening to listen to an address by Mr. A. R. Allardyce, the Dominion secretary for the Douglas Social Credit movement. The chair was occupied by Colonel Closey who. in introducing the speaker of the evening, dealt briefly with the logical effect of quota proposals in a community already unable to purchase at the prevailing low prices, and said there was need for recasting our economic system to accord with the facts of the modern scientific productive system. Mr. Allardyce declared that Dougiasism was neither a prop to capitalism nor a new anarchy, but comprised the scientific principles for a modern economic structure in harmony with the real facts of scientific production. For over 150 years, he said, the best brains of the world had been engaged on the task of increasing production and creating unemployment. It was the task of this generation to devise a. financial mechanism which would distribute the abundance of real wealth science had given us and do away with the paradox of additional wealth in goods bringing hunger and misery to everincreasing numbers of the people. lie said that defects in the orthodox principles of economies had made the slump inevitable, and outlined the Douglas proposals as a suggested method of restoring balance to the national life. His exposition of the Douglas principles aroused considerable interest.