SPENDING CAMPAIGN
(United Press Association—By Eleetri; Telegraph—Copyright).
(Received this day at 1 0 p.m.) LONDON, January 18
A campaign begun during the war time in favour of thrift and supported by practically every National leader has continued to the present uninterruptedly. Now a, reverse campaign has begun in favour of more spending and less thrift, in order to stimulate trade.
Wireless listeners last week were surprised to hear the economist, Keynes, talk in this strain. The “Sunday Express” follows up with an article headed “Housewives can wipe out unemployment.” “Thrift complex is killing industry.” The writer asserts if everyone spent ten per cent of their savings on British made goods, there would be no unemployment. Ho point-s out that despite all unemployment, the national income increased in the last six years by fifteen hundred millions, ns ft result of intensive thrift. The nations small savings, excluding oversea investments and .Government- stock aggregate 3000 millions, or £BO sterling per capital,
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Hokitika Guardian, 19 January 1931, Page 5
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159SPENDING CAMPAIGN Hokitika Guardian, 19 January 1931, Page 5
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