INFLATION PROPOSAL
“MORAL COWARDICE” LOAN FROM FRANCE SUGGESTED (Elec. Tel. Copyright—-United Press Assn.) (Received Alarch 21. 2 p.m.) CANBERRA, March 21. During the debate on the Fiduciacy Bill. Dr. Earle Page declared that the inflation proposal--was moral cowardice. Two things must happen, Firstly, the Government must be replaced by one which will restore confidence, enabling assistance to be obtained to handle the deficits; secondly, they could secure a gold loan of £15,000.000 from France at '-!■ per 'cent, repayable in 40 vears. LONDON, iiarqh 20. Dr. Earle Page’s suggestion of the possibility of a French loan has aroused attention in financial circles. Some sav it war, first mooted six months ago, but not viewed seriously. Though Air. Collins lia.s declined to comment, it is remarked that be visited Paris in Janu-
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Bibliographic details
Poverty Bay Herald, Volume LV, Issue 17522, 21 March 1931, Page 6
Word Count
130INFLATION PROPOSAL Poverty Bay Herald, Volume LV, Issue 17522, 21 March 1931, Page 6
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