Page 3 Advertisements Column 4

Timaru Herald, Volume CLVIII, Issue 23260, 23 July 1945, Page 3

“THE CITADEL” Key That Opens It So far only Mr F. Langstone. M.P.. the financial dictator of the New Zealand Labour Party, has lull; revealed why the Bank of New Zealand is to be made a State-owned concern. It it so that state ownership can be rapidlj extended in all directions, in ordei completely to control the jobs and live; of the people. In case there is still anvoody win. thinks that, what Mr Langstone says is one man's "hot air," and does not really represent what Labour as a whole is seeking, the following quota - I lions from Australian Labour poll tician.s and others will be revealing: Rt. Hon. J. H. Scullin said: -‘Social! sation was an essential of Labour', platform, and the details were to b< worked out a.- the movement progress ed. Banking was one of the more im portant features wherein Socialise!lot was needed." Mr Forgan Smith, ex-L,about Pre mier. Queensland, said: "Banking re form was the key of the citadel." Mr J. T. Lang said; "You must re ; member there are always Cost steps You must socialise credit, first. The I other things will come later II you i want to go through the door you must I have t:h e key first. Socialisation ol credit, is the key." Lcnm; "We are all agreed that tin first, step in I his direction tie.. Communism > must be such measures as I the nationalisation of the Banks. Let I u.s put into practice these tno similai measures, and we shall sec. We cannot I at. once either nationalise the small I consumers’ concern—i.e.. one or two I wage workers —or place them under a I real workers' control. Thrtugh the 1 nationalisation of the banks they may i be tied hand and foot." | Will Mr Nash or any othci membci I of the Government deny that they are I pledged to socialisation ol the means of production, distribution, and exchange and that the nationalisation of banking is the key to that citadel? -Inserted by the Associated Chambers of Commerce of New Zealand. Advt-