MONETARY REFORM
Self-redeeming Currency \ THE SCOTT PLAN EVIDENCE TO COMMITTEE (Per Press Association). Wellington.. Marcli 1 A plan to provide a self-redeem-ing pai>er currency at cost for all public functions and for tlie general use of tlie i>eople of New Zealand was subject to tlie Parliamentary Monetary Committee this afternoon by Mr Alexander Scott, of Wellington. The plan is one previously- ex poun le ( j under tlie auspices of the Now Economies Research Association, Wellington, and. provides for the establishment of a Central State Bank, with sole right of note issue. an ( | the issue of Sate ami local body credits for new works, free of interest. Associated with Mr. Scott were Mr. W. O. Bcoro a iid Mr. C. K- C. KobieSOII.
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Bibliographic details
Feilding Star, Volume 11, Issue 4181, 2 March 1934, Page 5
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122MONETARY REFORM Feilding Star, Volume 11, Issue 4181, 2 March 1934, Page 5
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