LABOUR PARTY AND SOCIAL SECURITY.

Thames Star, Volume LXVI, Issue 20426, 30 September 1938, Page 4

LABOUR PARTY AND SOCIAL SECURITY.

[To the Editor]

Sir, —A bank manager once told a client that his account was overdrawn. The client said: “Very well, I will write you out a cheque for the amount.” This is like the Labour Party. r fho Bill for Social Security is to be paid out of 1/- in the L instead of the old Bd, and the rest out of the Reserve Bank and the Consolidated Fund. The latter is going to be mortgaged. Children are going to be born in debt. Not only are we to pay for ourselves but our descendants are to bo born in debt for us. This is high finance, or low finance. We should say it was playing it low on the children.

The Labour Party was bitter against the loans that had mortgaged the country to London, and said what the interest was that had to be paid, but the interest that was to be paid to the Reserve Bank was left severely alone. What is taken out of the Reserve Bank ■will have to be put back or it will default.

One man at a Labour meeting in this electorate was given a reply to his question, “that ho ought to have a hole bored in his head to let some sense into it.” This was not an original remark; Mr. Lee said it before. But Labour has Socialism as its chief objective in its platform sometimes, and at other times it is merely a plank in the platform —just as it suits. —I am, etc., “ANTI-SOCIALIST.”