AGRICULTURAL BANKS

New Zealand Times, Volume L, Issue 11423, 20 January 1923, Page 11

AGRICULTURAL BANKS

The extraordinary exercise of authority by the Massey Government, since its defeat at the polls, in gazetting the notes of the private banka >n this, country r "legal tender” until 1925, is a matter that should arouse the seventeen Labour members to a solemn sense of duty. Prior to the elections the Massey administration made these banks a present of £20,000 each in round figures' by reducing their income tax, and at a time when they were cutting down workers* wages. Surely this latest Government favour will cause Labour members, when taking their oath of allegiance to the Crown, to take an oath to rid New Zealand for ev«y of the fat man’s Massey Government. Labour should stop red flag-waving and all unconstitutional propaganda in order to elect. Mr .Wilford Premier of this .Dominion, so that .he can immediately annul the Massey party’s legislation and regulations that favour the rich at-the expense of the poor. Mr Wilford can be relied upon to immediately establish a State Bank, with the sole right of "legal tender” note issue, and which bank all other banks in this Dominion would have to obtain currency from, because if they released their gold it would soon scatter to China and other parts of the world. The salvation of - New Zealand from the evils of the Reform Government and administration rests with the Labour section of Parliament.—(Published by Arrangement.)