"MONEY PLENTIFUL"
IX PAPER. BUT NOT GOLD. Discussing salary questions with th« Public Service Association, tho Prime Minister (who is also- Minister for Finance) referred to the abundance of paper moner in the country. Mr-Wright: There is no question of tho country's prosperity during tho war period. Mr Massey: I quite agree with that. © Mr Wright: There is evidence of that in the large subscriptions to wm loans.
Mr Massey: They were compulsory. Mr Wright: Then we had bank re-, turns morn than doubled since the war.. All this shows evidences of prosperity. Mr Massey: Money- is plentiful, but it is paper —not gold. Mr Wriffht: We want some of that paper handed over to us. Mr Massey: There will be no mora paper issued while I am here. Thevo has been too much issued. . Peopja sa-. "Why does not Mr Massey withdraw the paper?" If 1 withdrew the paper ire would have a crisis here. '\Ve have, to wait until it is withdrawn m England. It must be done gradually.
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New Zealand Times, Volume XLVI, Issue 10605, 2 June 1920, Page 4
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171"MONEY PLENTIFUL" New Zealand Times, Volume XLVI, Issue 10605, 2 June 1920, Page 4
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