NATIONAL CREDITS.
LEGISLATION REJECTED. INDEPENDENTS WITH LABOUR. (By Telegraph.—rarllamontary Reporter.) WELLINGTON, this day. The first division of the session took place in the House of Representatives last night, at the conclusion of_ the second reading debate on the National Credits and Currency Bill, which was introduced by Mr. H. G. R. Mason. The bill sought to provide for the creation and distribution of credit and currency in such amounts as might be best calculated to ensure that people would be enabled to buy and sell and therefore enjoy all goods and services which the people were capable of supplying, and to abolish the necessity for payment of interest as a condition for such buying and selling and enjoyment.
Government members challenged the measure on ite second reading, and it was rejected by 36 votes to 27. Messrs. Atmore, Samuel, Rushworth, Stallworthy, Wilkinson, McDougall and Tirikatcnc voted with Labour.
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Auckland Star, Volume LXV, Issue 170, 20 July 1934, Page 3
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148NATIONAL CREDITS. Auckland Star, Volume LXV, Issue 170, 20 July 1934, Page 3
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