When Governments Control Finance
As an instance of the repercussions likely. to follow when a Government took over the control of money for political purposes. Professor R. M. Algie, in his Whangarei address quoted the case of a civil servant in Germany who, m'any years before the war, took o ut an insurance policy for 80,000 marks, then equivalent to £4OOO. He maintained the premium payments. Upon retiring in 1926, he cashed his policy. I’eceiving the 80,000 marks contracted for. but the currency meanwhile had been deliberately inflated by the Gorman Government, so that his savings of a lifetime were insitfficlenit for him t'o purchase a meal or a bed.
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Bibliographic details
Northern Advocate, 30 July 1938, Page 2
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110When Governments Control Finance Northern Advocate, 30 July 1938, Page 2
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