STATE CURRENCY ASSOCIATION
At a meeting of the New Zealand State Currency Association held last night, the following manifesto was adopted : — "The object of this association shall be the formation of societies in all parts of New Zealand for the purpose of advocating the establishment of a State Bank of Issue. Each society to consist of a president, secretary, and treasurer, and an unlimited membership. The qualification of members to be their right to enrolment as an elector of New Zealand and the payment of an annual subscription of one shilling. The principal function of the Bank of Issue to be : — (X) The issue of notes in exchange for gold, redeemable in gold coin on demand. (2) The issue of notes in exchange for land and mercantile securities, and for services rendered to the State, redeemable in gold at the pleasure of Parliament. The notes to be issued as 'legal tender' within the Dominion of New Zealand and decreed lawfully acceptable for the discharge of all financial obligations, excepting the payment of Customs dues, which tax must be paid in gold for the purpose of providing interest and sinking fund on the national debt. The Stalfc Bank to purchase and mint all the gold produced in New Zealand." Messrs. A. W. Hogg, T. E. Taylor, and E. G. Ell, M.P.'s, were elected natrons.
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https://paperspast.natlib.govt.nz/newspapers/EP19100512.2.26
Bibliographic details
Evening Post, Volume LXXIX, Issue 111, 12 May 1910, Page 3
Word Count
223STATE CURRENCY ASSOCIATION Evening Post, Volume LXXIX, Issue 111, 12 May 1910, Page 3
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