DOUGLAS CREDIT

Rotorua Morning Post, Volume 2, Issue 563, 21 June 1933, Page 4

DOUGLAS CREDIT

INTERESTING TALR fl MR. JOHN MITCHELL GIVES I ADDRESS TO WOMEN'S fl CLUB I AUCKLAND SOHEME SUPPORTjgj) I " fl There was a large attendance $ fl | 'the monthly sociial gathering of % fl Rotorua Women's Club yesterday1 af. I temoon to hear an address by yr I John Mitehell, F.N.Z.A.I. on Douglas I Sociafl Credit. The chair was occupied I by Mrs. D. M. Ford, the president. fl I "In attemptihg to give club me®. fl 1 bers an address oii 'Douglas Social fl Credit' I wish to state, that I do not fl cliaim to possess any expert know. "fl ledge of 'high finance," scientific eco. fl hoinics of the prevailing school, or of fl the intricaciies into which modeu fl banking has gradually drifted," said fl Mr. Mitehell in opening. "Neither can fl

I claim to have acquired a deep or fl extensive study of the literature oa I the subject now available on* tio fl Douglas Sociial Credit scheme. I "There ahe no douht many prop0S. -fl als havdng as their object a review of fl the past, present and future in the fl matijer of money, currency, credit, I etc. We must, however, leave the ex- fl pert advocates of those respective fl schemes to Aght it out in their ea- fl deavours to cle'an up the mesfS into fl which past and present finaneifal sys. fl tems have reduced th'e whole wide fl world." I

(Continuing, Mr. Mitehell said that fl he proposed to quot'e short passages I from one of-the pamptttets on the suh- I ject (with perhaps an occasional ia- I terjection) rather than offer his own J impressions th'ereon. For that purpose fl he had chosen "Poverty Amidst I Plenty" hy Mr. C. T. J. Galloway, I •B.Sc., F.R.G.S. I Personally, he was deeply interest- I •ed dn the Christian ethics underlyiag I the scheme, far more so than in eS- 1 deavouring to fully.follow and under- 1 | stand the scientific problems involved I j or the nianner of meeting the inevit- I ahle difficulties which must arise ia 1 the process of ehange from the old J school of thought on economics which 1 is now being challenged and in the 1 melting pot. 1 He suggested that they too woald J

pref er to take up a like attitude 1 being themselves attuned to the ha- 1 mahities (judged iby their work), i Major Douglas I Who was Major Douglas? Well, j briefly he was an eminent English ea. I gineer and economist. He was inter- 1 ested with several most importantl works hy the British Governnieht ia'j India and in London. After the'Great fl

Wia-r he was employed by the Govern- fl ment to make important investigations fl into the costings, values and disposal j of huge stocks of war material. Dur- fl ing those investigations . he beeame fl deeply dmpressed with certain out- fl standing facts and deductions which fl he eventually formulated. Such are I world wide known as "Douglas Social fl Credit." I Mr. Mitehell then proceeded to rea-i J a series of conseeutive excerpts fiffl'l Galloway's pamphlet and in several a instances dnterjected explanatory mai- 1 ter so as to amplify and emphasisefl important and striking piassages, Bel expressed the hope that th'e menihffii of the club would make a fuller e J vestigation from .the literature o fl "Douglas Social Credit" now ava*! in Rotorua. I The "National Dividend" j Mention was made of very speca I features in thie prbposals to graat ;ttj every man, woman and child in tK.j Dominion a "national dividend sift j cient dn amount to place all for ® 1 after beyond the reach of poveijl with .all its lattendant miseries, a I -so that family life, every kusinjj and industrial activity, nughthe ffiji ahle to enjoy the fufi ^fnnhrfJH

earth, the national neruage, ** - j full shtare of the wealth Producedi| their anplied lahour in conjuncM with the fullest possible use ofn«l machinery. Thus would long ou » j arduous, dangerous and ®°» I labour be tranrierred fcom J hands to the machme. The P J would provide the "national j supplemented hy halving ® 1 price of all needful commodities. . I Reference was made to recoffl .1 ations made iby six scien i . J mic experts in England m I issue of some millions oi J England notes as a free gi ,1 people in order to restore and« I the peoples' purchasmg powa- J KLilyte. Mitehell jomteda number of monopohes aliv: ady J by the New Zealand Gove"® J thatdt was rapidly being ^dej ent that it was imperative m 1 lic interest, and well bemg, J

ial credit be considered as a iirgent monopoly and he .^i aniaamihisteedforthe^i lifting of tbe people ms J present for the e^ehnentoittj One member asked if , ment of a State Bankwo^oJ fice and it was explamedth 3 bour Party made such the PTh^voteoftha^ ered to Mr. Mitehell ) and * ^ pJ motion was proposed by , £ sow, seconded by Mrs. I carried unanimously.--" _ "This meeting °^f^ationalC| men's Club urges the N cil of Women to Mayor of _ Auckland s nectioh with moneta y spedfl view to giving adeq^e ^ pg8 powers to the workers 1 don." J