FINANCE LEGISLATION
THE GOVERNMENT’S PROPOSALS A CLOSELY-GUARDED SECRET (Per United Press Association) WELLINGTON, March 19. Cabinet held an important meeting this afternoon, sitting for nearly five hours. Although the financial proposals are still being kept a closely-guarded secret it was gathered that they formed the basis for the greater part of Cabinet's discussions. Absolute finality has not yet been reached, but the programme of financial legislation is well advanced. , . , , , One of the first Bills to be introduced by the Government will be the Reserve Bank Amendment Bill. The Minister ot Finance (Mr W. Nash) stated to-night that it would be a comparatively simple inefism’e. A consider*,ale degree of inyKtory has been attributed to it, but actually it would merely give effect to the Labour Party’s election pledge that the bank should be taken over entirely by the State. . , , , , The suggestion has boon put forward in some quarters that (he Government is considering the sale of the Reserve Bank’s remaining stock of gold as part of its financial proposals, but it is learned on good authority that so far this point hasTiot even come up for discussion. I. the remaining go’d is to be sold it can be taken as fairly, definite that such a stop will be only incidental to tbc new Government’s general financial policy.
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Otago Daily Times, Issue 22835, 20 March 1936, Page 10
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216FINANCE LEGISLATION Otago Daily Times, Issue 22835, 20 March 1936, Page 10
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