ENFORCED SAYING
TO AMELIORATE DEPRES-
SION
"I now come to^the present depression, the means to' ameliorate it, and how it can be prevented in the future,'' said Mr. G. A. Trbup in his address last night. "I suggest what I might describe as a compulsory equalisation scheme. v Parliament would need to enact that. any individual earning a wage must compulsorily set aside 5 per cent, every year. That means that Is in the £. is deducted and put aside for his permanent use—invested at interest. The money thus saved in prosperous times would accumulate till it became a sum large enough to tide him over poor years." The speaker favoured the exercise of thrift in prosperous times and: legitimate spending in bad times.
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https://paperspast.natlib.govt.nz/newspapers/EP19311120.2.105.13
Bibliographic details
Evening Post, Volume CXII, Issue 123, 20 November 1931, Page 10
Word Count
123ENFORCED SAYING Evening Post, Volume CXII, Issue 123, 20 November 1931, Page 10
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