INDEPENDENT'S VIEWS

Bay of Plenty Beacon, Volume 7, Issue 4, 3 September 1943, Page 5

INDEPENDENT'S VIEWS

MR H. J. ANGUS' CAMPAIGN

QUESTION OF FREE CREDIT

In the course of lii.s address to Alalamata electors, Mr 11. J. Angus, the Independent candidate contesting the Tauranga seat, dealt with a recent .statement made by Mr Nash on the question of free credit.

"Air Nash says that. the. issue <rl" free credit is contrary to tlie tacts of life," he said. "What unadulterated rubbish! Look at tlve facts connected with the system lie upholds. The capacity of industry to produce is almost boundless yet the. more we produce the more we are in debt. Taxation increases With every fresh loan. In the 13th century a man could earn enough in fifteen weeks to keep him the rest of the year. By 19-11 a man -with a wife and three children getting £0 a wee'k lias to work for five months for the banks and State before lie gets a penny for himself and family. The Sales Tax alone has increased 9137 per cent in seven years. In 1914 the total taxation of New Zealand was just under 6 millions. The prospective yield in 1911 was 4.2,000,(100. Income tax rose 1754 per cent in 2(> years up to 1910. God knows what [it is now. The national debt rose 080 per cent in 18 years up to 1939. This is the system Mr Nash supports. The system of usury. The .system that destroyed every country that ever jiractised it including Rome. I will not allow Air Nash to get away with a generality such as that. A generality that will not bear a moment's examination. He should be ashamed to support usury as lie does. At Oraokoroa This war is. totalitarian in the way it tests.those in the field and. those at. home equally. Itn the held physically, at home morally. You can lose it here, and you will be betraying the men abroad if you do not face up to your responsibilities, and recognise that party politicians are only the dupes and tools of the financial monopoly. It is. busy entrenching 'itself while you arc occupied with war work. j Waive up. and realise that freedom is disappearing before your eyes. So not lose this peace. Ihe ballot is as important as the bullet. Papamoa Meeting Money has represented the power of toii for so long that the world is. breaking down under the strain. The men Avho were pledged to control it in the interests of humanity, have themselves been corrupted by 'it, and the Four Horsemen of the Apoeolypse are loose over the earth. Before we are under their feet there remains one chance, and only one I believe, the time is very short, and our fate, il tlie war ends, will be decided in the next three years. ,