CREDIT EXPANSION
MB. NASH'S COMMENT GOODS AND SERVICES MORE PRODUCTION ESSENTIAL The manner in which expansion of credit can he " effected with safety " was the subject of comment by the Minister of Marketing, the Hon, W. Nash, in his broadcast statement regarding the fixation of the new guaranteed prices for dairy exports during the current reason. The Minister maintained that to be effective all issues of money had to he backed by increased production of goods or services. " All the issues of money in the world," said Mr. Xash, " will be of no use unless they lead to the production of more commodities and the provision of more services. It is only the increased production of these commodities and services which can raise the standard of living in New Zealand in accordance with the aims of the Government. In no other way can a higher standard of living be achieved."
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Bibliographic details
New Zealand Herald, Volume LXXIV, Issue 22822, 1 September 1937, Page 12
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150CREDIT EXPANSION New Zealand Herald, Volume LXXIV, Issue 22822, 1 September 1937, Page 12
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