PAPER MONEY
Sir, —So tho remedy of tlio Labour Party for tho present deplorable conditions, as told by tho speakers in the liince Edward Theatre on Sunday night, is to issue an unlimited supply of paper currency. That would bo quite all right so long as tho confidence of tho community in the soundness of the notes as "good" money could bo maintained. But would it? I think not. Although British Bradburys remained sound currency, German marks did not, but depreciated in value in relation to commodities until a worker with a thousand marks per day found himself worse off than when ho had ten. So it would bo in Now Zealand at tho present time. Alexander Fuaskw.
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Bibliographic details
New Zealand Herald, Volume LXX, Issue 21469, 18 April 1933, Page 13
Word Count
118PAPER MONEY New Zealand Herald, Volume LXX, Issue 21469, 18 April 1933, Page 13
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