CENTRAL BANK BILL

Evening Post, Volume CXVI, Issue 113, 9 November 1933, Page 10

CENTRAL BANK BILL

(To the Editor.)

Shy-Whether or not the Legislative. Council can amend any clause of the above Bill would seem to be largely a matter of common sense applied to rulings of the Speakers of both Houses at Westminster and at Wellington. . , Whatever the final decision may be on this pointi there can, I imagine, be no doubt that -the Council can postpone consideration of any clause that is not clearly a taxation clause. For instance, the Council might reasonably and firmly postpone consideration of Clause 15 to enable it to arrange with the Government for the abandonment 6£ the objectionable parts of the present clause and the restoration of the. arbitration clause of Mr. Downie Stewart 6 Bill of last year. . I am in favour of the general principle of a Central Beserve Bank on strict Miemeyer lines. But the alterations contained in the present Bill are so drastic_and so opposed to last year's Bill' that I think the. Bill should be held over until next March. It is certainly not a »««« to be rushed through either House, us) the ■Government is now trying to do. _ , Given arbitration by a competent twbunal, much of the opposition .now ,in evidence will soon die down.-! am, etc., - REFORM-COALITIONIST..

November 8;