MONETARY REFORM WANTED

Taranaki Daily News, 11 September 1934, Page 10

MONETARY REFORM WANTED

RESOLUTION AT AUROA MEETING. ADDRESS ON SOCIAL CREDIT PLAN.. Colonel Closey, M.C., V.D., gave an address on monetary reform to a good attendance of farmers and their wives in the Auroa hall on Saturday evening and at the close a strong, study group was formed. The audience decided unanimously to support monetary reform. Mr. Schwieters presided. Colonel Closey said that in regard to production New Zealand was really a very prosperous, country, but a defective monetary system deprived it of any prosperity. People realised that financial troubles were due to monetary causes, so the adjustment of the money system was of vital importance. For seven years the world had been experimenting with restricted production while the inability of people to buy was the cause of low prices. For five years Brazil had been burning supplies of coffee and had even dumped a half-year's supply into the sea. In New Zealand a number of farmers’ wives might be seen making artificial coffee from burnt bran and treacle so that through the lack of purchasing power the coffee grower could not afford to buy butter and many farmers could not manage to purchase coffee. Sugar was in the grip of a combine to such an extent that seven men control every ounce of this necessary commodity. The destruction of foodstuffs in the world while millions starved was an unparalleled crime and sin, he said. Efforts were now being made to expand consumption. Mexico had a six years’ plan to put the farmers on a solid basis, and the United States had issued a large sum to increase purchasing power. America, Sweden, Egypt and Japan were all trying the plan of increased purchasing power. It was seen that economy was no way out of the depression. In Auckland and’ other cities children were suffering from rickets and malnutrition for want of milk. In Auckland alone 71 homes were found with one blanket in each. There were 80,COO men whose lives were destroyed for want of -work, while trained professional men were to be seen weeding the streets and roadsides. New Zealand had to expand purchasing power which could be achieved through the Douglas social credit system. PERSONAL ITEMS. Mr. C. Dobson, of the Patea Post Office staff, has left on transfer to Mangaweka. Prior to his departure the postmaster, Mr. G. R. Taylor, expressed the staff’s regret and made a presentation on their behalf. Mr. Burgess, Featherston, will succeed Mr. Dobson. Mr. F. Papprill, who has been visiting Patea, has returned to Stratford. GENERAL ITEMS. Red Cross Visitors Entertained. Members of the Hawera Voluntary Aid Detachment entertained the visiting teams in the Collins Cup competition on Sunday with a visit to Dawson Falls. The party was entertained to dinner and afternoon tea and many climbed to the snow level.