THE TWENTY-FIVE MILLIONS
LABOUR'S POLICY CRITICISED
"Our Labour friends propose to borrow 25 millions; Mr. Holland said it could be borrowed," remarked Mr. W. H. Field, Coalition candidate for Otaki, speaking at Taita last evening. '' What was said was that, if given time, five millions could be found. The evidence was supposed to be confidential, but I find that it is being broadcast through the length and breadth of the country. If we tried to raise 25 millions, and showed that we had no financial responsibility, there would only be one end. If a Coalition Government is returned, I believe money will bo found, but if a Labour Government is returned, people will not have confidence in the security of their investments."
At, a later stage, Mr. Field said that the idea of blaming the banks for our trouble, was "utter fudge." He referred to statements showing that in the Old Country the banks never tried to control political affairs. "They make profits when they can, undoubtedly," he said,."but, after all, it's money that is exceedingly well spent. We should be vcry-wcl'l satisfied "with the excellent banks we have in this country."
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Bibliographic details
Evening Post, Volume CXII, Issue 124, 21 November 1931, Page 15
Word Count
192THE TWENTY-FIVE MILLIONS Evening Post, Volume CXII, Issue 124, 21 November 1931, Page 15
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