DOUGLAS CREDIT

Northern Advocate, 21 April 1933, Page 9

DOUGLAS CREDIT

MR COATES' CRITICISM. :SCEI‘TI CJ SM, EXI’RESSKD. (Special to "Nortnern Advocate.") BAR 0 A VILLI!, Thu rs« la y. A roinpichcMisivo survey of conditions in the Dominion and legislation enacted bv the Government lo,,;)nee.t' the ditlieult economic situation was presented by the R(. Hon. •!. (». Coates, .Minister of Finance, in the course ol an address ,which he delivered at the Rialto Theatre, Ruawai. 't'he meeting was under the auspices of the (Main - tea branch nf the Women’s Auxiliary of tin 1 New Zealand .Political Reform League. The audience practically lined the building. Mi S. Wallace presided.

There were interjections from the gallery concerning the request made to the (dovermnent for an investigation of tlio Dominion’s currency system. These drew Mr Coates’ imminent on Douglas social credit system. deferring! to printed pamphlets, one of which he held In his hand, he said that one must always he somewhat sceptical of a man who commenced hy saying that if Ills scheme weio adopted there would follow prosperity, plenty of leisure, and so on. The speaker exposed what-he regarded as fallacies of the scheme, and said there was not one well-known financial authority who espoused the cause.

Answering Mr E. T. Donovan, the M'inister indicated that personally In* had no objection to an inquiry by a commission into the Dominion’s monetary system, but there had not yet been any general demand for such an inquiry. Alter the Minister had answered various other questions he was accorded a cordial vote of thanks.