CENTRAL BANK BILL

Feilding Star, Volume 10, Issue 3996, 10 April 1933, Page 3

CENTRAL BANK BILL

CRITICISM 13V FARMERS GUILTY OF HIGH TREASON (Ter Press Association) Hamilton, April S Strong condemnation of the Central Reserve Bank Bill was voted at the South Auckland Conference of the Farmers’ Union to-day when a remit, "That although the introduction of the bill temporarily postponed by the Government, extreme vigilance should he exercised and every constitutional means adopted to prevent die subjugation of New Zealand's monetary system by interest not directly under control of and answerable to Parliament, was carried. Mr \Y. Bov d (Matangi) expressed the opinion that if the bill was passed all schemes for reorganising the money system would become defunct. It was clear, he said, that the danger in the measure was the domination of the Dominion’s monetary system by outside interestMr M. F. Barrow-Clouge (Morrinsville), while assuring the conference that he was not an alarmist, said the passage of the bill would m-an virtual slavery for the people of New Zealand. Mr K. If. Feist (Cambridge) said the public should understand the union was not opposed to central control of banking and currencv by the State. Whet the union \t«s opposed to waS outside or inside domination l;y private individuals“lf any Government i> prepared to hand over the country, as the b» H indicates, to outside control I say emphatically it G guilty of high treason,” said Mr Boyd.