NO SUDDEN SALE
AUSTRALIAN HOLDINGS GOVERNMENT'S INTENTIONS USE IN WAR EFFORT [BT TELEGRAPH SPECIAL REPORTER] WELLINGTON, Wednesday The Government had no intention of taking all the securities New Zealanders held in Australia and suddenly putting them on the market, and depressing their value, said the Prime Minister, the Hon. P. Fraser, during the Budget debate in the House of Representatives last .night. He was replying to a point raised by the Leader of the Opposition, the Hon. A. Hamilton.
These securities would be used for what was essential for the war effort of this country, Mr. Eraser said. Citizens who hold securities would be pleased and proud to assist in providing what funds the country required if it were to live through the present crisis. There was no length to which the Government would not go and no obstacle, orthodox or unorthodox, would stop the Government and the country in its efforts to achieve victory and defeat the threat of Hitlerism for ever.
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Bibliographic details
New Zealand Herald, Volume LXXVII, Issue 23699, 4 July 1940, Page 8
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163NO SUDDEN SALE New Zealand Herald, Volume LXXVII, Issue 23699, 4 July 1940, Page 8
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