CURRENT PROBLEMS

New Zealand Herald, Volume LXXI, Issue 21805, 21 May 1934, Page 14

CURRENT PROBLEMS

tHE LABOUR VIEWPOINT a&drEss 6Y m&. laNgstone "We nro standing in the rbry vestibule of a new order," stated Mr; F. Latigstoiie, M.P. fbt Waimiiflho, and formorljr national president of tlie tiiiboui" Party, ih an address in the Strand Theatre last evening. Mr. tahgst6no dealt with what were boiisidered to bo the faults of the existing economic systelii, and the measures which wotdd havfe to be takett to correct theifeffects in the event of Labour assuming pbwer. ThS sjxiaker said tllfe hebd tb awakeh the cbnsciousness of the people to overthrow ilibtietai-y pbwtr Was greater today than dvei- before in the Work to introduce a system bf co-dpcrrttion instead of one of competition; The existihg order, he said, did not periliit the jbflVinelifc bf a sliffibieiib altiouilt ih WngSs to hiiy back , the gtititls produced s and New Zealand's income was limited by ovbrseas priced; VgSfs ago tlie Q6vgi ; rirrielit tilbpght it could bhiaritfb the riatidiial iiudgbt by reducing the peoplo's ineohie, hnd in sb doitig fiiiowed utter failure tb tehlise that the ihcOlileS of tlie nation and the people were identical. ''it wits a policy of starving the people back to prbspetity," Mr. Lfttigfetbiie, stated., "Thei'e is lib shortage of wealth lii tllis countr.V) and the people are literally starving in the midst Of plenty; As a citizen of the State* and therefore a pi'oditcet of a person is entitled tb receive ait adequate income. Settling with the Labour {iroposiilfe to Control banking and money, the speaker said to put more money into Circulation without fixing prices Would servo ilo useful purpose. Price fixation was necessary, and it could be accomplished, no matter What cfities said. A vbte of thhllks was accorded the speaker.