Page 5 Advertisements Column 2

Wanganui Chronicle, Volume 79, Issue 277, 25 November 1935, Page 5

-MAVINC4 WIPED OU7INS URANCE POLICIES DRTKOTID -> WAGES WORTHIER "THE Labour Party, if given the power, would wreck the banks and institutions to which you have entrusted your savings. Their reckless experiments in "creating" credit would make all money worthless. Why waste time talking of wages, pensions, and spending power when your wages wouldn’t be worth the paper they are printedon? ■ ________— m __ Labour's talk about "using the public credit," "issuing What Happened in Germany sufficient money to meet the needs of the nation, -A WARNING! and the promise to “print it and mint it means only nne thina— worthless oaoer money Before the inflation period in Germany. I mark was worth about one shilling. S P " r Q ne wor th of scamps would pay the postage on Bto 10 letters. A hundred pounds would eventually be worth less ■•g'* * •*" *"y ~*r than a hundred pence, Savings Bank balances and ’> r > QjBvvQYIAvJj ' Insurance Policies would soon be wiped out. > M G g » ' ' ' THE N.Z. LABOUR PARTY IS FOLLOWING THE > || | | ITBYI BWIK ' LEAD OF THE NOTORIOUS J. T. LANG - ' Mr. ]. T. Lang said in Mew South Wales in 1933; i ! "You must remember there are always first steps. ’ ' You must socialise credit first; other things will 7 L . . , □ < , u l 75 * As the printing press worked, money dt-dined in value. The stamps above show come later.” that before long it cost -400 marks (normally £2O) to post a letter. Day by day the cost increased. Mr. Savage says that the first step in complete £ 7,11,17.’'2/■’/ ’ KwJwSiSSSFiwiV socialisation is political control of banking. Political > ( j L*'. Control of Currency and Credit must lead to un- 2 ) ■‘•jffwEgjjaSl limited printing-press-money. ? |Zl|un|Ml It has happened before; Lang tried it and closed the C llfewhjdfc ffl .' J doors of the Government Savings Bank of New South 5 St ' ’ ' Wales —depositors offered their “savings” at 12/6 in ; | the £. Germany went the whole way—money became V, .'11',',?!}.",’;;..' a bad joke—a ham sandwich cost 14,000 marks one | n second phase, money lost value so rapidly that over-printing of stamps took day, and 24,000 marks the next! People who were place daily. These stamps show a face-value of 100,000 to 400,000 marks, "millionaires” in paper money couldn't buy a meal. I"r7 llj 11l saeings and life insurances were destroyed. I ’ The Labour Party would lead New Zealand along the I same road. ; ’ J! KEEP NEW ZEALAND FREE FROM UNLIMITED iStWßmi Within a few weeks it took millions of marks to buy 1 postage stamp. The last ii PD I MTI Kin MCiNIFY Stamp in this row has a face-value of 2 billion marks, and later the figure rose to 10 IRIIX I rr\LH>J ■ IvllL I billion marks (normally worth £500, 000,000 sterling) for an ordinary postage stamp I This shows what can happen with Pelitical Control of Currency and Credit. VOTE for Bain Wanganui

Pepper, Shepperd, Jeffery, Spratt 15, v. Hay, Richardson, Leigh, Herd 24. Foley, Currie, Dallison, R. P. Palmer 11, v. Murdoch. R. Armstrong,. W. Harris. Scrivener 22. Marriott, Watkins, 8. Aiken, Mills 13, v. Condie, Newsom?, Ormsby, Parkes 19 S. How. Hodgetts, James. Wicks 18 ; v. Lloyd, Toop, Jack 22. Totals.—Waverley, 57; St. John’s,