LABOUR’S MONETARY POLICY
PRIME MINISTER REPLIES TO MR C. H. WESTON (PBESS ASSOCIATION TELEGHAM.) WELLINGTON, June 22. “Mr Weston may know something about argument in law courts, but he has a lot to learn about the money system,” said the Prime Minister (the Rt. Hon. M. J. Savage), replying, in an interview this evening, to recent references by the president of the New Zealand National Party (MrC, H. Weston, K.C.) to Mr Savage’s claim that he means “to make New Zealand’s purchasing power equivalent to her production.” . ' .. “Our plain case.” Mr Savage said, “is that New Zealand, is a long way from bankruptcy. Qur production has broken all records. As loftg as I occupy the position of Prime Minister, no one is going to go short, as was the case before we came into office.
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Press, Volume LXXIV, Issue 22435, 23 June 1938, Page 12
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135LABOUR’S MONETARY POLICY Press, Volume LXXIV, Issue 22435, 23 June 1938, Page 12
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