WAR STOCK INTEREST
WILL THERE BE A CUT? ' [United Press Association—By Electric Telegraph.—Copyright.] i LONDON, Nov. 25. The newspapers give prominence to a passage in the Rt. Hon Tom Shaw’s speech on the Unemployment Insurance Dill in which he stated: “We are now paying one hundred million pounds per year too much to people who have not the smallest moral ‘right to it. During the war. money was lent to the Government at inflated rates. We adopted a post-war policy of deflation, and we are now paving the interest in the deflated money.’ That fact has got to he faced before this country can get on its feet again.” There is much comment on the speech in the lobbies, and there are speculations as to whether Air Shaw spoke with Mr Snowden’s assent, and whether his speech signified that legislation will followi at the expense of the holders of the war stock.
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Hokitika Guardian, 27 November 1929, Page 6
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152WAR STOCK INTEREST Hokitika Guardian, 27 November 1929, Page 6
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