LABOUR FINANCE
ATTITUDE TO IN TEREST. COMMENTS BY MR. HAMILTON. "This Government objects to interest, yet it is a great borrower,” said the Leader of the Opposition, the Hon. A. Hamilton, in discussing provisions in the Finance Bill in the House of Representatives on Moday night. The Government, said Mr. Hamilton, was giving itself authority to borrow to the extent of £8,000,000* The Mni.ster of Fnance, the H>n. W. Nash, had told the House that all the money might not be needed this financial year, but it would be interesting to see just how much was borrowed before the session ended. The payment of interest was anathema to the Labour Party, yet it did not object to borrowing. The Prime Minister, Mr. Savage: There is no objection expressed in this Dill is there? Mr. Hamilton: No, but the objection has been freely voiced by members cf your party. Some of them have said they hope to live to see the day when no interest will be paid .n this country.
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Bibliographic details
Wanganui Chronicle, Volume 80, Issue 280, 25 November 1937, Page 5
Word Count
170LABOUR FINANCE Wanganui Chronicle, Volume 80, Issue 280, 25 November 1937, Page 5
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