FINANCE FOR UNEMPLOYED
ISSUE OF PREMIUM BONDS. WAIKATO BODIES’ PROPOSAL. - By Telegraph.—Pr®>s Association. Hamilton, Last .‘Night. A novel scheme for financing unemployment hospital treatment and charitable aid' was discussed by the rural counties conference at Hamilton to-day and unanimously approved. It was resolved that the Minister of Finance be urged ■to immediately investigate the feasibility of raising an internal loan by the issue of premium bonds bearing interest not . more than 21 per cent.. It was' pointed out- that premium bonds operated very successfully in several Continental countries. The gambling spirit was led in the right direction because the investors did not stand to lose money. It was an honest way to get cheap money and much. better than gambling.
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Bibliographic details
Taranaki Daily News, 15 April 1932, Page 6
Word Count
120FINANCE FOR UNEMPLOYED Taranaki Daily News, 15 April 1932, Page 6
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