“BUY THE BANKS.”
Evidence Before Monetary Commission. Pe* 1’- - ■ (ion. WELLINGTON, April IS. Giving evidence before the Monetary Committee to-day, B. Beekerleg, of Auckland, proposed that the State should purchase the existing banking system. He advocated purchase in order to prevent hardship amongst shareholders. The ownership of the banks by the State would permit the creation of costless credit, which could be used for the alleviation of distress and for the welfare of the people as the whole scheme would also involve just price regulation and a national dividend.
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Bibliographic details
Star (Christchurch), Volume LXVI, Issue 20283, 18 April 1934, Page 7
Word Count
89“BUY THE BANKS.” Star (Christchurch), Volume LXVI, Issue 20283, 18 April 1934, Page 7
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