PUBLIC OPINION

Rotorua Morning Post, Volume 2, Issue 392, 29 November 1932, Page 6

PUBLIC OPINION

I The "Post" at all tlmes welcomes eorrespondence from ils reatlers. It must, however, be clearly understood that we accept nr responsibility for the views- expressed by our correspondents. A MANIFESTO. To the Editor. Sir, — One of the most amazing dei velopments in recent months is the | manner in which the Douglas Social | Credit movement has spread like j wildfire throughout the Dominion. Inj terest and enthusiasm in the movement, as its objects and possibilities beconie known, are increasing so fast that it is certain to sweep _ through and capture the whole political field in a very short time. We submit, then, a manifesto, which we trust will meet with your approval and find a place in the columns of your journal. 1. We declare a wise and disinterested system of finance is needed to save us from the primitive depths of economic ignorance and bondage. 2. We declare that the credit power of the people as a whole belongs to the people as a whole and must not be restricted or withheld by any private individual or group whatsoever. 3. We therefore challenge and deny the right of bankers to restrict the proper flow of the people's credit. 4. We maintain the right of every individual in the community to economic security. 5. We demand the establishment of a national credit office, through which the people's credit may be controlled by the people, for the people, and used to finance production and to supply adequate purchasing power to the consumer. 6. We demand the institution of equation to ensure that the purchasing power of the people shall at any inoment be equal to the total price of all consumable goods ready for sale I in the eountry. 7. We maintain that every individual in the State is a shareholder in the cultural heritage of the race, and we therefore demand the issue of the national dividend, based upon the productive capacity of the whole eountry, to every individual over and above wages and salaries to be paid as now, to those engaged in production. — I am, etc., HARRY WOODRUFFE. '99, Eden Terrace, Auckland.