Gambling Spirit Led In Right Direction
SUGGESTED ISSUE OF PREMIUM .BONDS Per Press Association. HAMILTON, Last Night. A novel scheme for financing unemployment, hospital treatment, and charitable aid was discussed at the Rural Counties’ Conference at Hamilton today and unanimously approved. It was resolved that the Minister of Finance be urged to investigate immediately the feasibility of raising an internal loan by the issue of premium bonds bearing interest at not more than per cent.
It was pointed out that premium bonds operated very successfully in several Continental countries. The gambling spirit was led in the right direction, because the investors did not stand to lose their money. It was an honest way to get cheap money, and much better than gambling.
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Manawatu Times, Volume LV, Issue 6834, 15 April 1932, Page 6
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122Gambling Spirit Led In Right Direction Manawatu Times, Volume LV, Issue 6834, 15 April 1932, Page 6
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