PROSPERITY CERTIFICATES

Poverty Bay Herald, Volume LXIII, Issue 19125, 21 September 1936, Page 5

PROSPERITY CERTIFICATES

SCHEME DEEMED FAILURE ALBE RT A EX PE RIM ENT NEW YORK, Sept. 19. A North American Newspaper Alliance copyright message from Edmonton states' that the Alberta prosperity certificate experiment is a failure. Only approximately £35,000 worth were issued and those were accepted only by certain stores until the Government. announced at the beginning of September that it would cash in currency all certificates presented to it. The stores then began to accept them a little more freely, but from the number of certificates already cashed it appears that few will remain in circulation anywhere after the new year, and it is not likely the Government wRI reissue them. The social, credit dividends are still in the covenant-signing stage, such signatures being necessary before citizens can receive the dividend. The unemployed and some farmers in the drought-stricken areas have signed, but farmers who have wheat crops ready to market look askance at the prospect of taking half the proceeds in social credit instead of cash, while businessmen are entirely suspicious of the scheme.