RESERVE BANK BILL.
REASON FOR HASTE. (By Telegraph.—Special to Standard.) WELLINGTON, April 9. “What was the reason for the Government’s insistence of Parliament passing the Reserve Bank Bill this week?” was a question put to the Prime Minister (Hon. M. J. Savage) by the “Standard’s” representative. “No public works project coukl go on without it,” replied Mr Savage. “We wish to begin work on the NapierGisborne railway construction. This can be done when the Railway Amendment Bill is through. Meanwhile, the Public Works Department is charting its course, and will lose no time when the Bill is passed.” Reverting to the importance of passing the Reserve Bank Act, Mr Savage declared that to drag out a Bill of that character for a long time was in nobody’s interest. It allowed scaremongers time to lay their plans. “There is no place for scaremongers in New Zealand to-day. The stock market is an indication that nobody is' running away from the New Zealand legislation,” Mr Savage added.
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Bibliographic details
Manawatu Standard, Volume LVI, Issue 111, 11 April 1936, Page 10
Word Count
165RESERVE BANK BILL. Manawatu Standard, Volume LVI, Issue 111, 11 April 1936, Page 10
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