KEY THAT OPENS IT' So far only Mr. F. Langstone, M.P., the financial dictator of the New Zealand Labour party, has fulJy revealed why the Bank of New Zealand is to be made a State-owned concern. It is so that State ownership can be rapidly extended in all directions in order completely to control the jobs and lives of the people. . ' - - ■ -•■■:■ In case there is still anybody, who thinks that what Mr. Langstone says is one man's "hot air." arid does,not really represent what Labour as a whole is seeking, the following quotations from Australian Labour politicians and others will be revealing: Rt. Hon. J. H. Scullin said, "Socialisation was an essential of Labour's platform, and the details were to be worked out as the movement progressed. Banking was one of- the more important features wherein socialisation was needed." - • Mr, Forgan Smith. ex-Labour Premier, Queensland, said, "Banking reform was the key of the citadel." Mr. J, T. Lang said, "You must remember there are always first steps. You must socialise credit first. The other things will come later. If voii want to go through the door you must have the key first. Socialisation of credit is the key." i . Lenin: "We are all agreed that the first step in this direction (i.e., Communism) must be such measures as the nationalisation of the banks., Let us put into • practice these and similar measures .and we shall see. We -cannot at once either nationalise the small consumers' concern—i.e., one or two wage workers —or place them under a real workers' control. Through the nationalisation of the banks they may be tied hand and Will Mr. Nash or any other member of the Government deny that they are pledged to socialisation of the means, of production, distribution arid exchange, and that the nationalisation of banking is the key to that citadel?—lnserted by the Associated Chambers of Commerce of New Zealand.
Permanent link to this item
Auckland Star, Auckland Star, Volume LXXVI, Issue 175, 26 July 1945
"THE CITADEL" Auckland Star, Volume LXXVI, Issue 175, 26 July 1945
Using This Item
Fairfax Media is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of Fairfax Media. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
This newspaper was digitised in partnership with Auckland Libraries.