The General Election

Press, Volume XCVI, Issue 28450, 3 December 1957, Page 3

The General Election

Sir.—As the evidence put the Monetary Commission was ’not published you have only the .report to support your statement j that Social Credit leaders give varying and conflicting versions of Social Credit principles. I understood those leaders whom I consulted very well. After reading the Monetary Commission’s report. its concern over such trifles as the welfare of trading banks to the neglect of real matters such as human welfare, its destructive

criticisms, dithering recommendations, contradictions and irrelevancies, made me feel that its object was insincere and its value as empty as that of the Delihquency Report of a few years back. You are the one who is confused. You misquoted me. I said that when people buy goods and services money goes out of circulation Social Creditors would know that I referred to the “gap” and the last stage of the money cycle where the “gap” is best filled.— Yours, etc., P. C. M. SPARROW. December 2, 1957. IMr Sparrow is only partly right in saying that the evidence put before the Monetary Commission was not published. Summaries of the evidence were printed by the newspapers from day to day; and the report of the commission quotes relevant passages in many instances. But the Social Credit leaders contradicted each other not so much in their formal, prepared submissions, as in their answers under cross-examination, in their disavowal of much written by Mr W. B. Owen in “How Social Credit Works,” in their answers to questions put by the commission <of which they were given ample notice and- time to prepare written replies), and in the final submissions of their counsel, who abandoned some of the principles put forward 4n the Social Credit Association’s original submissions.— Ed., “The Press.”]