STATE BANKS
N.S.W. LABOUR WANTS TO NATIONALISE PRESENT INSTITUTIONS ELECTION POLICY Rec. Aug. 29, 10 p.m. Sydney, Aug. 29. The New South Wales branch of the Fedeval Labour Party has adopteff a new policy for the nationalisation of banking, and will fight the next election upon this issue, which provides for the compulsory inelusion of all private banlcs with compensation for the shareholders, and the conversiori of all banks to the Commonwealth owned service. TJie shareholders would be converted on a fair valuation of interest bearing securities, chargeable against nationalised banks.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/RMPOST19320830.2.51
Bibliographic details
Rotorua Morning Post, Volume 2, Issue 314, 30 August 1932, Page 5
Word Count
91STATE BANKS Rotorua Morning Post, Volume 2, Issue 314, 30 August 1932, Page 5
Using This Item
NZME is the copyright owner for the Rotorua Morning Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in