Page 7 Advertisements Column 1

Evening Star, Issue 22195, 25 November 1935, Page 7

-► SAVINCS WIPED OUT•MNfURAIKE POIKIEi DIiTROTID •4 WACEf WORTHLESS THE LABOUR PARTY, if given the power, would wreck the ■ banks and institutions to which you have entrusted your savings. Their reckless experiments in “creating” credit would make all money worthless. Why waste tirpe talking of wages, pensions, and spending power when your wages wouldn’t be worth the paper they are printed on? Labour’s talk about “using the public credit”, “issuing sufficient money to meet the needs of the nation,” and the promise to “print it and mint it” means only one thing —worthless paper money. A hundred pounds would eventually be worth less than a hundred pence, Savings Bank balances and Insurance Policies would soon be wiped out. THE N.Z. LABOUR PARTY IS FOLLOWS MG THE LEAD OF THE NOTORIOUS j. T. LANG Mr. ]. T. Lang said in New South Wales in 1933; “You must remember there are always first steps. You must socialise credit first; other things will come later.” Mr. Savage says that the first step in complete socialisation is political control of banking. Political Control of Currency and Credit must lead to unlimited printing-press-money. It has happened before; Lang tried it and closed the doors of the Government Savings Bank of New South Wales—depositors offered their “savings” at 12/6 in the £. Germany went the whole way—money became a bad joke—a ham sandwich cost 14,000 marks one day, and 24,000 marks the next! People who were “millionaires” in paper money couldn’t buy a meal. All savings and life insurances tvere destroyed. The Labour Party would lead New Zealand along the same road. KEEP NEW ZEALAND FREE FROM UNLIMITED “PRINTING PRESS” MONEY What happened in Germany —o Warning! Before the inflation period in German/. I mark was worth about one shilling. One mark’s worth of stamps would pay the postage on 8 to 10 letters. As the printing press worked, money declined in value. The stamps above show that before long it cost 400 marks (normally £2O) to post a letter. Day by day the cost increased. m ilB In the second phase, money lost value so rapidly that over-printing of stamps took place daily. These stamps show a face-value of. 100,000 to 400,000 marks. Within a few weeks it took millions of marks to buy a postage stamp. The last stamp in this row has a face-value of 2 billion marks, and later the figure rose to 10 billion marks (normally worth £500.000.000 sterling) for an ordinary postage stamp! This shows what can happen with Political Control of Currency and Credit. A I I NATIONAL PARTY CANDIDATES t Dunedin North: A. S. FALCONER Chalmers: A. E. ANSELL, M.P. Dunedin South: T. K. S. SIDEY Clutha: J. A. ROY Dunedin West; Hon. W. DOWNIE STEWART, M.P. [lnd.] Dunedin Central: D. C. CAMERON Otago Central: W. A. BODKIN, M.P.

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