THE MONEY SYSTEM
PRIME MINISTER WOULD LIKE IT ALTERED I DISTRIBUTING INCREASED PRODUCTION | Per Peel Association.) WELLINGTON, March 3. “I am not going to apologise to the Reserve Bank or anyone else for my belief that the money system should be changed in order to make it fuliy express increased production." said the Prime Minister, Rt. Hon. M. J. Savage, at the conclusion of his visit to factories. "Unless we can get increased production and have it reach the people responsible for it, what is the use of it all? The money system that we know has never done that.” Mr. Savage said there were certain people in banking institutions and elsewhere who thought the money system all right and there was no need for any change. "We are living in a changing age and that should be applied not only to the manufacturer of things and the production of other services, but to the system of exchange. Unless it were we would go on with glutted markets and live in fear of war because we have not the intelligence to distribute equitably as well as produce.”
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Bibliographic details
Wanganui Chronicle, Volume 83, Issue 53, 4 March 1939, Page 10
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187THE MONEY SYSTEM Wanganui Chronicle, Volume 83, Issue 53, 4 March 1939, Page 10
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