NATIONAL CREDIT FOF ALL

Poverty Bay Herald, Volume LXI, Issue 18529, 16 October 1934, Page 8

NATIONAL CREDIT FOF ALL

(To the Editor of the Herald.) Sir.—Tiie New Zealand Welfare League in your issue of October 5 says, “ifC.l’.H. cari devise a system by which a country or individual can got credit without incurring an obligation to repay, etc. What about the contra account? K the individual owes a duty to the State, the State owes a duty to the individual. 1 owe you 20s, you owe me £l. It is easily possible, to settle this debt without resource to the moneylender. The mentality of the Welfare League corresponds to that of the French aristocrats before the revolution, of whom it was said, “They could neither learn, anything nor forget anything.” History tells us vi'hat a drastic sort of education these same aristocrats had later to put up with. We have been told by the Welfare League before now, of our “wonderful heritage,” of our “glorious heritage.” If this heritage is anything hut mere froth, it should surely carry with it at least, the elementary rights to food, clothing, shelter, and a few of the decencies of life. It is precisely because our present system of “credit ’ fails to do this that we advocate the Douglas system of Social Credit. But it is not pro-

posed to borrow anything of anybody. It is merely proposed to use that which is "ours,” the nation’s “own.” Anyone who is in possession of an up-to-date motor lorry, does not need to “borrow” anyone’s donkey cart. The donkeys are now starting to bray, because we propose to use the lorry, “National Credit for all.”—Yours, etc,, C.P.H,