LYTTELTON CAMPAIGN

Stratford Evening Post, Volume II, Issue 355, 12 September 1933, Page 6

LYTTELTON CAMPAIGN

Address by Labour Leader CRITICISM OF GOVERNMENT Press Association— Copyright. Christchurch. Sept. lx. The Leader of the Labour Party, Mi. H E Holland, delivered an address at Akaroa to-night in furtherance of the Lyttelton by-election campaign. He criticised the Government’s proposals for a central reserve bank on the general ground that while the Government was providing most of the money for the establishment of the bank it would not retain the same degree of control. The Bill proposed to perpetuate private control of the bank reserves, for that would be merely transferred from the Associated Banks to what was only another form of private control. That won id perpetuate the supreme weakness of the banking situation to-day. Replying to Mr. Coates on the Roosevelt rehabilitation plan, Mr. Holland said he had approvingly directed attention to newspaper reports of reduced hours of labour and higher wages rates; he had never for a moment urged adoption of the American wages scale in New Zealand. Mr. Coates’ entry into the Lyttelton fight was to be welcomed, for Ins speeches contained no single proposal for rehabilitation. After two years of Coalition administration things were definitely worse to-day than they had ever been. , . A vote of thanks was accorded Mr. Holland. Mrs. McCombs was cheered.