MR SAVAGE ON BANKING

Press, Volume LXXIV, Issue 22534, 17 October 1938, Page 10

MR SAVAGE ON BANKING

Sydney Newspaper’s Radio Interview

PROVIDING “ NEW

MONEY”

Policy to be Carried

To Conclusion

(UNITED PRESS ASSOCIATION—COPYRIGHT.) (Received October 1, 8.30 p.m.) SYDNEY, October 16. The, Sunday newspapers feature the New Zealand elections and the Government’s heavy majority. The “Sun” reproduces a radio talk with Mr Savage, who is reported to have said: “We shall carry our banking policy to its logical conclusion. Our view is that the banking policy should enable the people to have access to the goods produced in the country. We shall see that this is so. When new money is necessary we shall secure it through the Reserve Bank and the savings of the people.” Replying to a suggestion that the Government might see fit to take over the Bank of New Zealand, Mr Savage is reported to have said; “One cannot say what the future holds. I have told the banks that all we ask is service and co-operation at an economic rate.”

“NOT HAD FAIR TREATMENT”

MR SAVAGE DISCUSSES NEWSPAPERS

PLANS FOR NEXT ELECTION CAMPAIGN (PRESS ASSOCIATION TELEGRAM.) WELLINGTON, October 16. “It would take a regiment of soldiers to get access to me to-day,” said the Prime Minister (the Rt. Hon. M. J. Savage) over the telephone this afternoon when asked for, an interview. “What is the first thing you are going to do?” he .was asked.

“Well. That’s a bit sudden,” he replied. “One of the first things we will try to do, as I .have said already, is to see that the next election campaign will not be fought under the same disadvantages from our point of view as this one. We have this satisfaction —that we have won all the way, notwithstanding the attitude of our op-, ponents, including the newspapers. We don’t want any favours. -All we want is fair treatment, and we haven’t had it. I know wha* is fair treatment, as well as any newspaper editor. We’ll have our own newspapers all right, you can bank on that. “As far as other legislation is concerned, it’s really too early to talk to-day. Our proposals have been placed in front of the public, and we will simply take them in order of importance, and do the job."