PRESERVE BANK

Hokitika Guardian, 18 October 1933, Page 6

PRESERVE BANK

A REFERENDUM ADVOCATED.

ADDRESS BY MR ATMORE.

(Per Press Association — Copyright.)

WANGANUI, October 16

A large audience at Wanganui tonight, following a forceful address by Mr H. Atmore, M..P, carried a resolution unanimously asking the Prime Minister to delay passing legislation setting up a Reserve Bank until a referendum of the electors is obtained. The meeting also passed a resolution that it believed the Government had no mandate to inflict this legislation on the peoplo of the Dominion, and if the Government persisted in setting up the bank the audience would pledge themselves individually and collectively to link with other electorates for the purpose *of voting the Government out of office.

A further motion was carried asking Mr Veitch, M.iP., to oppose the Bill in the House and do all in his power to prevent its passage.

COMMERCE CHAMBER PROTEST.

DUNEDIN, October 16.

At a meeting cf the council of the Dunedin Chamber of Ouninerce tonight, it was resolved “That this chamber protests most emphatically against the increasing habit of the. Government in bringing before the House most important 'Bills, sUjdi as the Central Reserve Bank Bill, without affording the public ariy previous opportunity of considering their effect.’’ The council also passed a resolution approving of the establishment of Central Bank, provided that there are adequate safeguards to secure that the management is free from bias or .influences other than economic considerations.