ST. ALBANS SEAT

Press, Volume XC, Issue 27496, 2 November 1954, Page 14

ST. ALBANS SEAT

■ OUTLINE OF SOCIAL g CREDIT POLICY MRS. W. AYERS ON BRITISH I g COLUMBIA in British Columbia, S here there has been a Social Credit r government since 1952, were .Inscribed by Mr S. W. Ayers, Credit candidate for St. jmW***??* i n an address last eventing. The attendance at Mr Ayers’s meeting varied from six to sfcout 18 electors, who gave him a good hearing and afterwards asked several questions. ! * Social Credit had passed from the theory stage to the practical stage, ; said Mr Ayers. “We have the hard facts of Social Credit in British Co- • • - a : before they came into power • I” British Columbia there was a coali- ; tion Government for five or six years. , It was a bobtail Government which I « naU ° nal debt by

"From 1952 to' 1954 Social Credit wiped off 50,000.000 dollars. Widows, veterans and child allowances were increased, taxation was reduced and travel charges were reduced. Licensing f^S rg i es for cars anc * passenger vehicles were reduced from 10 dollars Mr Ayers. British Columbia made more , propublic works. Social Credit claims, in those two years than in the previous 30 years. School buildings, hospitals, roads, bridges—and major bridges were an issue there just as tile tunnel road is here—all these pro--8" by “Social Credit gave the people there htutc money and the leisure to use it. In 1948 and 1949, 100.000 people used the National Park—an area set aside lor recreation like our Arthur’s Pass while in two years under Social Credit 80.000 people used it. out or a population of 1.230 000 people more than half the people had inU.J™ 6 the raone y to enjoy tbeir leiure in this reserve.” ,?’ he . Alcohol Foundation, set up after the British Columbia Governha£? aet . as4de a large sum of money, had done great work in reduemg motor accidents, said Mr Ayers. The accident rate, and particularly the P f „ fatal accidents, had been subKtantially reduced, as had the incidence of carnage to property. The Social Credit Government had paid a national dividend of 15 dollars a “t t° every man, woman, and child m the province, as well as large Ayers. AH this and d ° ne t>y a Government which took hold of the money system, instead of the people working for tne system. -The party system in New Zealand was an anachronism,. Mr Ayers Social Credit members of Parliament would be bound only by Weir loyalty to the Crown and their imdertaMn gto implement—providing social Credit had a majority in the House—the Social Credit philosophy and mechanism.

When he was a lad money was a sacred thing, and banks were holy, said Mr Ayers. ‘Now. thanks to Maior Bouglas, we understand money. It can be manufactured very simply by the banker dipping his pen in ink and creating it. Money is created put of nothing. But you cannot create money aut of nothing; you have to scramble for it all your years. The bankers today acknowledge quite openly that they create money out o£ nothing, but charge you and me at the rate of 100 per cent for it. The wicked P ? r L°£ lt 18 *. hat un , less we get ahead nf it nationa l debt grows at the rate of £ 1 a second, and under the present system we cannot do anything but go into debt.” J s • Vnder Social Credit, said Mr Ayers, money to wipe out the debt would be - created “against the country’s goods and services” and the £750.000 000 national debt would be gradually reduced. The power of the banks to issue credit would be limited to private borrowers; “they wiH not have the power to create money for Government purposes." The powers of the banks to close down loans to private borrowers would be taken from them,