LYCEUM CLUB TALK.
"Our system does not balance; it works the wrong way," said Mr. E. C. Cutten, in a luncheon talk to members of the Lyceum Club yesterday. The president, Mrs. W. H. Parkes, presided. "Our very prosperity must lead to trouble unless it is possible to increase the amount of money available at a particular time, that is, when a large quantity of goods comes on to the market." Mr. Cutten recommended, as a first simple step in righting the economic chaos, that the State should take control not only of the issue of notes, but of the issue of credit, and that it should be the State Bank's duty to keep itself informed of the quantity of goods on the market, or likely to be on the market, and to see that the right amount of money was available.
The speaker considered that ths only means of combating tlie widespread fear and mutual distrust, not only between people, but between nations ill the world to-day, was to turn with the greatest sincerity to the teachings of Christ and lo make them a part of om daily lives.
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Auckland Star, Volume LXVI, Issue 163, 12 July 1935, Page 11
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190LYCEUM CLUB TALK. Auckland Star, Volume LXVI, Issue 163, 12 July 1935, Page 11
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