A DUD REPORT

Grey River Argus, 17 September 1934, Page 5

A DUD REPORT

MONETARY COMMITTEE Auckland Criticism MINORITY ALONE FAR SIGHTED. (Per Press Association). AUCKLAND. September 15. Disappointment was expressed in Au'-kland to-day with the Monetary t < mmissioii’s report. Mr A. M. Seaman. Chairman of the Associated Chambers of Commerce, was not dispo e<l to discuss it, but said it showed the futib'y tf appointing a non-expert committee to deal with a highly technical subject. Dr. E. I’. Ne-ale. Secretary of the Auckland Chamber, said that any two economists could have written the report in two or three ilays. The appointment of a Parliamentary Committee was ,:i very cumbersome way of achieving a minor result. Mr W J. Holdsworth, Chairman of the Citizens’ C mniittee, said he could see really nothing in the report. What it recommended had been coming about autoiiNi'til ary on the banks’ O'» initiative. ■ ... Mr A. E. Robinson. Vice-President, of the Douglas Credit Association, saidthe Majority Report simply whitewashed the Government for setting up the Reserve Bank, and racing -the exchange. The Minority Report, would live wly*n the other was forgotten. He asserted the Major Douglas proposals had been deliberate’y misinterpreted, and that the publication of the report had bqpn purpose!?- deferred so thalt it could be used in Australia to-day (Saturday) agaimt the Doublas Credit ■candidate