THE ISSUE IN RANGITIKEI

Wanganui Chronicle, Volume 79, Issue 277, 27 November 1935, Page 6

THE ISSUE IN RANGITIKEI

Sir,—During the last lew mouths J have read interestedly the various views expressed by correspondents in vour paper re currency reform and social credit. A great number of people have had their eyes opened and their knowledge increased by those letters and articles. Now, it is obr ious that most of cur troubles are due to an inadequate and obsolete .money system. Therefore, all are agreed that Parliament is the only authority that can deal with the matter, and so place us on a sound financial basis, by the setting up of a national credit authority. The New Zealand Farmers' (inion lias already decided in that direction. The authority’s business would be to issue credit, so that every pound’s worth of production would be equated by a pound of credit or money. There cannot Ire inflation under such an issue—£ for £; nothing more and nothing less. Mr. Ormond Wilson, the Labour candidate for Kangitikei, has Stated that be ami the Labour Party will set up such a board if given the power on the 27th Inst. The Nationalists and the Democrats are opposed to any change in our banking operation; so that is why many farmers arc supporting the candidate who will tack.v the problem. Tariffs, quotas, freehold, derating, etc., are all subordinate mat ters. and can easily be dealt, with, when the credit is issued in the neonle’s interests. —I am, etc., ' 1 LEO. WILSON. yir.—t was very interested in the pamphlet issued by -Mr. Ormond Wilson. Three of them came into our house to make sure that every person with a vote got one. This is the part which interests me: “Unemployment. The Labour Party, on becoming thee Government, will work on the following lines: (i) Payment to all who are out of work of an’amount sufficient to provide a reasonable standard of living. (ii) Abolition of the present unemployment subsidy and No. 5 schemes. ’ 1 Can anybody tell me how a Government can hope to run a country like New Zealand on a dole and an abosition of the subsidy on the No. 5 scheme,’ We know the No. 5 scheme has its faults, but it was conceived hurriedly because of the natrue of the times, but the point I would like to stress is that I have never met anybody yet who could get anything for nothing, and payment of something to provide a reasonable standard of living, without due regard to the labour which must be expended to earn that living, is inviting the electors to live .in a false paradise.—l am, etc., \ WAGE EARNER. • Wanganui. East, Nov. 25, 1935.