MR. SAVAGE'S ASSURANCE
GOVERNMENT'S FUTURE POLICY
CONTROL PLAN THE ONLY WAY
Stating that there was no reason whatever for any anxiety about the present and future economic and financial condition of New Zealand, the Prime Minister (the Rt. Hon. M. J. Savage), in a broadcast address last night, outlined the Government's future policy. Referring to the move to take control of sterling funds, Mr. Savage said that the guaranteed price was the first step in cushioning New Zealand against the effect of depression overseas; now the Government was taking a second step.' There was, he said, no alternative to th» present plan of regulation except to reduce the standard of living, and the Government was totally opposed to that. Though the Government could plan and legislate with the very best of intentions for the welfare of the people, without their co-operation little progress could be made. There was depression and uncertainty of the most ominous kind overseas, and without control of overseas trade the Dominion could not protect itself.
Mr. Savage said that the Government's plan was a positive plan to maintain a high standard of living, and emphasised that New Zealand's obligations to Great Britain would not be lost sight of by the Government.
from vs —with first preference to the Motherland.
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Bibliographic details
Evening Post, Volume CXXVI, Issue 138, 8 December 1938, Page 10
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213Untitled Evening Post, Volume CXXVI, Issue 138, 8 December 1938, Page 10
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