INTEREST RATES
MR MUNRO AS MONETARY REFORMER STATE SHOULD OPERATE TRADING BANK [From Our Parliamentary Reporter.] WELLINGTON, July 21. As a monetary reformer, Mr Munro, Labour member for Dunedin North, was mildly critical of the Government’s attitude towards interest when he spoke on the Address-in-Reply. He suggested that all the forces of the banks, stock and station agents, and newspapers created such prejudice against the first State Advances operations that even when the farmers were offered money at 3J per cent, interest they would not take it, and the proposal had to be hawked around the country before the loans were taken up. There was the same attitude of hostility to cheap money to-day. A Nationalist: But you have the Reserve Bank.
Mr Munro: That is only one link in the chain, as the Labour Government has found out, but we hope to
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ESD19390722.2.206
Bibliographic details
Evening Star, Issue 23325, 22 July 1939, Page 26
Word Count
143INTEREST RATES Evening Star, Issue 23325, 22 July 1939, Page 26
Using This Item
Allied Press Ltd is the copyright owner for the Evening Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence. This newspaper is not available for commercial use without the consent of Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in