THE INDEMNITY BILL
PASSAGE IN COUNCIL
ASSURED
ALTHOUGH MAJORITY, AGAINST PRINCIPLE
Although a majority of the Legislative Council are opposed to'the high, exchange policy of the Government, it is authoritatively stated that the Banks Indemnity (Exchange) Bill will receive the assent of a substantial majority when it comes up for a second reading in the Upper House this afternoon. It is contended by those who are opposed to exchange inflation that the mischief is already done, and that if the Council were to reject f the Bill, it would further confuse the situation. It is common talk among the members of the Council that the Government, would have no hesitation in increasing the personnel of the Upper \ House had' it had any fears about the fate of the Bill. There, is a suggestion of a move being made in the. Council to formulate a recommendation, to the Government seeking amendments to the Bill, but so far this proposal has not crystallised. '
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https://paperspast.natlib.govt.nz/newspapers/EP19330208.2.81
Bibliographic details
Evening Post, Volume CXV, Issue 32, 8 February 1933, Page 8
Word Count
161THE INDEMNITY BILL Evening Post, Volume CXV, Issue 32, 8 February 1933, Page 8
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