PURCHASING POWER.
Per Press Association. AUCKLAND, July 1. At the annual meeting of the Dominion Breweries to-day, Mr H. J. Kcllehef, manging director, who is also a director of the Bank of New Zealand, referred to the Ved for the expansion of purchasing power by the masses as essential to security and prosperity. He quoted the Prime Minister (Rt. Hon. M. J. Savage) and the Minister of Finance (Hon. W. Nash) as having had their views in this connection endorsed by the London Chamber of Commerce. Mr Ivelleher claimed that this increase could only he brought about by the control and regulation of money in circulation, and its expansion when necessary, so as to keep pace with the growth of produced wealth. Such control and regulation could only be fully and effectively exercised by the State, or a State authority.
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Bibliographic details
Manawatu Standard, Volume LVII, Issue 181, 2 July 1937, Page 9
Word Count
140PURCHASING POWER. Manawatu Standard, Volume LVII, Issue 181, 2 July 1937, Page 9
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