NATIONAL CREDITS
Private Member’s Bill
Leave to introduce his National Credits aud Currency Bill was sought in the House of Representatives yesterday afternoon by Mr. 11. G. R. Mason (Lab., Auckland Suburbs). The Bill, according to Mr. Mason, is designed to provide for the creation of credit and currency and its distribution in slieh manner and quantity as to enable the people to purchase all the goods aud services they are capable of producing. It also seeks to render unnecessary the raising of money at interest for that purpose. It calls on the Minister of Finance to report in each session of Parliament as to whati credit is necessary to secure the same return to producers of standard commodities as if standard prices had been realised; what credits are necessary fop pensions of all kinds; and what superfluous credit requires to be withdrawn from circulation to preserve the purchasing power of money at a constant standard.
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https://paperspast.natlib.govt.nz/newspapers/DOM19350830.2.81.7
Bibliographic details
Dominion, Volume 28, Issue 286, 30 August 1935, Page 8
Word Count
156NATIONAL CREDITS Dominion, Volume 28, Issue 286, 30 August 1935, Page 8
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