BRITISH LABOUR.

Hawera Star, Volume XLVII, 24 September 1928, Page 9

BRITISH LABOUR.

COMING CONFERENCE OF PARTY. CURRENCY AND BANKING. (British Official Wireless.) RUGBY, Sept. 21. The Labour Party conference, which opens at Birmingham on October 1, will consider an important addition to its draft programme consisting of a report on its 'banking and -currency policy. “"If the report be accepted its conclusion will be embodied m the party’s programme fit the next general election. It contains four proposals, the control of the Bank of England by a public -corporation including representative® of the Treasury, Board of Trade, industry, labour and co-operative movements, the extension of existing banking f acilities to people with small means by the spread of municipal and co-operative banks, such 'Changes m the banking and financial system as may ensure that the available supplies of credit and of savings shall be used for enterprises of national advantage as distinct from' those' that are useless or socially injurious! and inquiry into the best ’methods of achieving this purpose. The fourth proposal is the carrying out of -the Genoa, Conference proposals-of 1922 for the. regulation of the value of gold by international agreement. The reports is the work of a committee 'of which Lord Arnold and Dr. H. B. -Lees-Smith. Labour finance experts, were members.