A 10 per cent, fall in -prices in New Zealand would represent a transfer of wealth to the extent of £40,000,000 to mortgagees and others,” said Mr A. C. Sexton, speaking in favour of currency reform at a meeting of the Open Forum at Auckland. _ “There can be nb equality of sacrifice without some form of internal price control. There is great need for a central reserve bank which would scientifically control the flow of credit according to the requirements of the community.”
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Otago Witness, Issue 4029, 2 June 1931, Page 51
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83Untitled Otago Witness, Issue 4029, 2 June 1931, Page 51
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