MONETARY INQUIRY.
Per Press Association. WELLINGTON, April 18. Giving evidence, before the Monetary Committee to-day, Mr B. Beckerleg of Auckland, proposed that the State should purchase the existing banking system. He advocated the purchase in order to prevent hardship amongst the shareholders. Ownership of the banks by the State would permit the creation of costless credit, which could he used for the alleviation of distress and the welfare of the people as a whole. The scheme would also involve a just price regulation and a national dividend.
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Bibliographic details
Manawatu Standard, Volume LIV, Issue 119, 19 April 1934, Page 7
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87MONETARY INQUIRY. Manawatu Standard, Volume LIV, Issue 119, 19 April 1934, Page 7
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