A suggestion that the Government should issue £1,000,000 in Treasury notes, without interest, and should distribute the notes among local bodies for the employment of men at- standard rates of pay, was made by Mr C. M. Dowd, of Takapuna, at a conference of local body representatives to discuss unemployment on Wednesday. Ke said that interest-free money in England during the early years of the war was a success until the banks had stepped in and scotched the scheme. Because of the action of the banks, England's war debts had been raised to the colossal total of £4,000,000,000.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/CHP19350308.2.57.3
Bibliographic details
Ngā taipitopito pukapuka
Press, Volume LXXI, Issue 21417, 8 March 1935, Page 10
Word count
Tapeke kupu
98Page 10 Advertisements Column 3 Press, Volume LXXI, Issue 21417, 8 March 1935, Page 10
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
Ngā mihi
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in