Who Will Control Central Bank ?
FARMERS AFRAID OF FINANCIERS Per Press -Association WELLINGTON, Last Night. At the meeting of the Dominion executive of the New' Zealand Farmers’ Union to-night, fears were expressed that the proposed Central Bank might be controlled by the financial interests. Captain F. Colbcck could not see how the Central Bank was going to benefit the farmers of the Dominion. He said it would be extremely unwise to hand over the sovereign rights of the people for 25 years. Tho executive decided to leave the question in the hands of a special committee.
The Minister of Finance (Mr. Coates) wrote stating that adequate safeguards were provided against banks or other financial concerns obtaining control of the bank. The executive decided to ask Parliament to set up a committee to make a full inquiry into the present monetary system.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/MT19330420.2.31
Bibliographic details
Manawatu Times, Volume LVI, Issue 7136, 20 April 1933, Page 6
Word Count
141Who Will Control Central Bank ? Manawatu Times, Volume LVI, Issue 7136, 20 April 1933, Page 6
Using This Item
Stuff Ltd is the copyright owner for the Manawatu Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in