LABOUR’S FINANCIAL POLICY
PREVENTING INFLATION AND DEFLATION WELLINGTON, June 18. The prevention of inflation and deflation, and the maintenance of purchasing power according to the availability of commodities and services are two points of the New Zealand Labour Party’s financial policy adopted last year, and affirmed to-day at the annual conference. The Acting-Minister of Finance (the Hon. D. G. Sullivan), who was chairman, presented the Parliamentary Labour Party’s report on finance. Other points included provision for the repayment and reduction of external and internal public debts, a progressive reduction of interest rates to the lowest economic level, the guaranteeing of prices for primary products to cover costs of production with a reasonable margin for producers. maintaining and expanding living standards, and the provision of lull employment with a guaranteed minimum wage.
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Press, Volume LXXXII, Issue 24905, 19 June 1946, Page 6
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131LABOUR’S FINANCIAL POLICY Press, Volume LXXXII, Issue 24905, 19 June 1946, Page 6
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