PURCHASING POWER
-PresB Assoeiation.)
Can be Controlled Only by State
(By l'elegraph-
AUCKLAND, This Day. At the annual meeting of the Dominion Breweries to-day, Mr. H. J. Kelliher, managing director, who is also a director of the Banlc of New Zealand, referring to. the need for the expansion of purchasing power by the masses as essential to security and prosperity,
quoted Mr. M. J. Savage and Mr. W. Nash as having had their view in this conneetion endorsed by the London Chamber of Commerce. Mr. Kelliher claimed that this increase could only be brought about by the control and regulation of money in cixeulation and its expansion when necessaiy so as to keep pace with the growth of produced wealth. Such control and regulation could only be fully and eflfectively exereised by the State or a State authority.
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Bibliographic details
Hawke's Bay Herald-Tribune, Issue 141, 2 July 1937, Page 5
Word Count
138PURCHASING POWER Hawke's Bay Herald-Tribune, Issue 141, 2 July 1937, Page 5
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