MONETARY SYSTEM

Wanganui Chronicle, Volume 76, Issue 164, 14 July 1933, Page 6

MONETARY SYSTEM

CONTROL BY PARLIAMENT ; FARMERS' UNION APPROVAL. WHI.LINGTON, July 13. The following remit from the Auck- ; laud branch was discussed by the Farmers’ Union: “That this meeting protests against the Government bringing down legislation to set up a Central Bank and that though the Central Reserve Bank Bill has been temporarily postponed by the Government, this conference considers extreme vigilance should be exercised and every constitutional means adopted to prevent the subjugation of New Zealand’s monetary system by interests not directly under the control of and answerable to Parliament.” This was carried unanimously. A further remit by Manawatu was carried: “That in the opinion of this conference the time has arrived when the Government should be asked to bring about a controlled internal monetary system.” A further remit on the same subject. was submitted from Nelson. “That the Government institute an inquiry, presided over by a Supreme Court Judge, into’the present- monetary system and all possible alternatives to the end that the Government may take such action as may be necessary to cause the monetary system to fit (he legitimate requirements of the national organisation. ’ ’ An amendment “that a select committee should make inquiry” was proposed. The conference later carried several other remits. It was agreed that they should be referred to a small committee to embody in a suitable remit, the committee to consist of Captain. Rushworth and Messrs. Best and Little. An Auckland Remit. ’The following Auckland remit appeared on the order paper at the Farmers’ Union Conference: “That it would be in the best interests of the New Zealand Farmers’ Union that no member be allowed to occupy the dual position of Dominion president and member of Parliament.’’’ At tho outset Mr. Cophom (Auckland) said that it had not been the intention that the remit should appear on he Order Paper in its present form. The. principle had been carried by * body representing- some 5000 farmers, I but it was not political, inasmuch as jit was not a direct attack on the i present president (Mr. Polson. In fact, he would go so far as to suggest that it would not affect the present president. He asked leave to withdraw the remit and replace it with notice of motion. This, however, the conference refused and the remit was moved by Mr. .T. A. McLeavey (Manawatu), who remarked that it had been better if it had not appeared. Mr. D Dickie (Gore) expressed tho opinion that the remit wag hardly necessary as the conference elected its president every year. After prolonged discussion the remit was put and lost on the voices. Magazine Decided On. The Farmers’ Union Conference today supported the scheme brought forward by the executive for the publication." ou the basis of {Dominion and provincial union finance, of a 30-pago monthly magazine as the official organ of the'Union. .It is proposed, to .print 1.0,000 copies, which will bo circulated [among all financial members of the j Union, except in the Auckland proI vince, where suck publication has ai- ! ready been made. An amendment to consult the Provincial Association before finality was reached was defeated, and the proposal was adopted by a substantial majority. ~