'Phone: F 1996. GLACIARIUM GOODWAY THE I C E SKATING RETREADS THE WORLD'S OLDEST 514b ELIZABETH ST. PASTIME (Opp. Victoria Market). Two Sessions Daily, GUARANTEED 5 0 0 0 MILES. 3 and 8 p.m. Admission 2/2 Q uick Service. NEWTIMES Boots and Skates, 1/- pair Vol. II. No. 32 MELBOURNE, FRIDAY, AUGUST 7, 1936. Every Friday, 3d Another Niemeyer Comes to Some two months ago it was The effect of this is to make suggested by the New Times that him more likely to lose his job. the sudden outburst of popular in- When he has lost his job and is dignation against the slums of Mel- eligible for a draw he gets back bourne was, except in the case of a Australia what he has paid (less adminis- few individuals, little more than a trative costs and sums deducted to passing wave of ineffective emo- build up a reserve fund) plus in- tionalism. That impression was Sir W. Kinnear and His British terest on his investment in Com- deepened when the anti-slum drive monwealth bonds or something was enthusiastically sponsored by similar. But, having already had the Melbourne Herald. For the Insurance Scheme to meet the interest on these bonds Herald is, above all things, a stunt through direct or indirect taxation, newspaper, living on sensationalism else cause goods to be sold at a loss. governments or semi-governmental off the market. But through the how much better off is he? In both cases the effect upon short-circuiting process another and therefore needing constantly to bodies. Moneys spent by govern- THE VIEWS OF SIR W. change its ground. In due course production will be harmful, leading ments on direct doles are to enable trail of disaster has been started. to further slackness of trade with Government loans mean perpetual KINNEAR the "anti-slum conscience," worked destitute consumers to buy existing To suggest a cumbersome up to the right pitch by a series of increased destitute unemployment. goods; on subsidies they are to re- interest; interest means taxation; machinery to put this childishness Herald photographs, culminated in 3. But what happens to the compense producers for selling taxation again is passed on to the into practice, Sir Walter Kinnear, a meeting in the Melbourne Town money so saved, and which consti- their goods at a loss; and on public consumer. lent to the Commonwealth Govern- Hall (not nearly up to expectations ment by the British Government, in its attendance). has just arrived in Australia, ac- Then came the decline. The companied by the chief insurance most troublesome anti-slum con- officer of the British Ministry for sciences were banded into a com- SALVATION THROUGH THE PAWNSHOP Labor, Mr. G. H. Ince. mittee of inquiry under Govern- The arrival of these two gentle- ment patronage, with a lengthy "A slight tendency for rates of interest to ease, although there has been no quotable men on such a financial mission re- survey and a report to keep them change, was noticeable in the money market in Melbourne in July. . . . the trend toward minded us so strongly of the last busy. Some time next year, prob- a tightening of credit, which has been increasing in intensity for some months, did not financial twins, Niemeyer and ably, the press will tell us some- seem to be so evident. . . . Guggenheim Gregory, that we have thing about the report. The "Oversea trade returns for the financial year ended June 30 disclose a surplus of endeavoured to find out something Government will receive it "sym- exports over imports of £22,521,000 sterling. Because of the heavy flow of capital into Aus- more about Sir Walter. You have pathetically," and promptly pigeon- tralia in recent months it probably will not be necessary to draw on London funds to probably seen his photo, in the hole it along with all the other reports bridge the difference between the export surplus for 1935-36 and £28,000,000 needed to daily press, and possibly may have that have preceded it—the financial service oversea debt charges. These factors suggest that there will be some relaxation in been struck by the somewhat book entries, as usual, being an the tendency toward dearer money in Australia, which has been especially noticeable Hebraic cast of his features—pos- insuperable bar to action. Meantime since March. . . . sibly the result of his long associa- the public will have been headed off tion with finance. Beyond inform- on to various other matters of ". . . IT SUGGESTS THAT THERE WILL BE NO NEED TO TAKE ANY REMEDIAL MEASURES TO CURTAIL BUSINESS ACTIVITY, AND SO RECOVERY, IN AUSTRALIA." ing us that his second name is conscience. Samuel, Who's Who gives none of During the past week or two the —Financial editor of Melbourne "Argus," August 5. his family history, and tells us no- Herald has been vigorously working **** thing of his birthplace, parentage or up another stunt. This time it more remote ancestry. Apparently was in preparation for the visit of Put into plain English, what the above suggests is that the further depression threat- he spent his earlier years in Ire- the national insurance "expert" from ened through our inability to sell (not to supply) sufficient goods in Britain to meet land, for he graduated in mental England who has so kindly come out bondholders' claims has been postponed. But how? Through surrendering more of our and moral science through the to provide a further red herring for capital assets to further oversea bondholders. Royal (now National) University the Government of the The net result of this will be still heavier annual commitments for interest and divi- of Ireland. He is 64 years of age, Commonwealth. By way of dends overseas, to be met by still further depressions or still further pawning. received his K.B.E. in 1918, was advance agent's work for this gentle- BUT WHAT WILL HAPPEN WHEN THE OVERSEAS BONDHOLDER AND SHAREHOLDER deputy chairman of the Irish In- man, Sir W. Kinnear, the Herald HAVE GOBBLED UP THE WHOLE OF OUR CAPITAL ASSESS? surance Commission (1911-19), published one of its series of special chairman of the Navy and Army articles. Upon their completion, tutes the insurance fund? Having works, since the works are not put So, in a nutshell, t h i s is what Fund (1917-20), and has been con- Sir W. himself duly appeared this troller since 1919 of the Insurance week. been first withdrawn from the con- up for sale, they subsidise the sale national insurance means: The wage suming market, it is then used for of other consumable goods already earner, when in work, gives up a Department of the British Minis- NATIONAL INSURANCE IN try for Health, and deputy chair- PRACTICE investments. Even in the case of available. In effect, in each case portion of his insufficient wage, partly our private insurance companies the money which, by saving, short- by direct contribution, partly by dilution man of the National Health Joint The case against national insur- these investments mainly take the circuited its purpose, is restored to of his buying power through Committee. ance has already been stated at form of loans, and principally to its rightful end of clearing goods increased prices. Sir Walter hardly waited for the length in these columns, and anyone Strathaird to tie up at Port Mel- who has studied even the elements bourne on Monday before he and of money knows that it is a his assistant got into harness with pernicious, deflationary scheme put Unless you are prepared to adopt Communism their propaganda. What they had The Hon. A. A. Dunstan, M.L.A., outright, the only solution to our many stupid forward under the guise of assisting Premier of Victoria paradoxes must come through monetary reform. This to say came under two heads: first, the poor. Briefly summarised, Dear Mr. Dunstan, alone will solve your problems of distribution, a contradiction of reports of semi- what happens is this: — So, in spite of all your hopes and efforts, and whether in providing for the unemployed, in attending starvation in Britain (such reports 1. Payments into the fund can in spite of a concession here and there, Victorian to schools, hospitals and slums, or in permanently from a nationally insured country come only from three sources— State taxation for the coming year is to go up in- relieving wool and wheat growers of anxiety. would naturally never do); second, the employee, the employer and the stead of down. Whereas the tax receipts for last (Today's price of wheat, as you well know, is only a a description of the British bene- Government. Payments by the year were £8,443,000, or £4/11/7 per head, your passing fluke, caused by present drought and previous fits. employer, being treated as part of 1936-37 Budget provides for £8,724,000, or £4/14/5 crop restrictions.) The Victorian Country Party is THE BENEFITS. the costs of running his business, per head. And this still makes hardly, any real increasingly turning towards monetary reform. Its last Under the unemployment insur- will (and must) almost universally provision for the multitude of urgent problems annual conference passed some very good resolutions. ance section, the insured adult be passed on in prices. Payments awaiting you. —provision for sickness, education, Its weekly newspaper, the "Countryman", has been male worker in England, it appears, from the Government must come destitution, and all the rest. It's pretty hopeless, doing a lot of good work in this direction, both in its is eligible to draw a maximum of either from immediate taxation or is it not, especially when the coming year is to see a own utterances and in opening its columns to free 17/- a week, with an allowance of from loans (future taxation in per- net increase in Victoria's public debt of over discussion. 9/- for a wife and 3/- for each petuity). Taxation, in turn, being £2½ millions, with its subsequent further taxation The members of your party, Mr. Dunstan, would be dependent child. Thus a man with also a cost in business, is usually for interest? solidly behind you if you now came out openly in this a wife and four children receives recovered from the ultimate con- Yet we are quite prepared to admit that, within the direction. You have already shown courage, of a 38/- a week with which to meet sumer. So our old friend, the sort, in the Loan Council. We say "of a sort", all his living costs of every descrip- limits of your present powers, you and your party, have because your efforts towards obtaining funds for man in the street, pays all the done your best. You have endeavoured to tion and to bring up his children premiums, which he is to draw later. badly needed work aimed only at having the in the fear and love of God and administer the State's affairs with fairness as be- Commonwealth BORROW what it should ISSUE. 2. The money surrendered to tween city, and country, and you have shown hu- Still, we are prepared to believe you were sincere, if loyalty to the Empire! Who form the insurance fund manity and justice in attempting to lighten some- not well informed. Why not now seek, with a little would not be insured? But this represents, in the first place, a what the burden of taxation on those least able to study, the information you need? If you don't do so, if can last only for 26 weeks in most lowering of present living standards bear it; in effecting some improvement, at all you continue along your present lines, your best efforts cases, and in special circumstances to those who pay it. Moreover, since events, in the condition of the destitute; in restor- must inevitably end in frustration. up to 39 weeks—subject to practically all money comes into ing the cuts unjustly made in the salaries of the What if this is a Federal matter? Is not the safeguards to prevent abuses of existence as a debt to the private State's own employees, and in at least making a Federation made up of States? And would not a the fund. After that he goes back bankers by whom it is issued gesture towards better social services. The lead from conservative Victoria give a on the dole, provided he through overdrafts to finance difficulty is that the best you CAN do falls so far tremendous fillip to a movement, which, with you succeeds in passing the Means production, it follows that money short of what SHOULD be done, since, outside or without you, WILL succeed? It is really a Test—which should not be which is not spent by consumers your limited field of taxation, the control of question of whether you yourself will share in the difficult. must either leave goods unsold finance is a Federal matter. victory or whether you will fall by the wayside. And both Sir Walter Kinnear which are correspondingly priced or THE NEW TIMES and Mr. Ince, the daily press told Page Two. THE NEW TIMES AUGUST 7, 1936.

us, were in agreement that national New Times insurance had been brought to a THE PEOPLE'S MOVEMENT TO A Pirate Ballad higher standard in Great Britain than anywhere else in the world. ABOLISH POVERTY By WILLIAM BLACKSTONE. SHOPPING (BY NON-PARTY POLITICAL ACTION.) THOSE MALNUTRITION Dear Editor, GUIDE REPORTS. Nearly every member of nearly The object of the Electoral Cam- I intended to send the enclosed Sir Walter was emphatic that every Parliament wears the badge paign is to give this personal man- poem to the editor (if any) of the PATRONISE THESE of servitude to some political party. date to the M.P., to give him plain official organ (if any) of the ADVERTISERS. the reports we have been hearing of wholesale under-nourishment in Nearly every member expresses instructions from those who can "United" Australia Party (if any). Their advertisement helps your England are "completely mislead- himself and casts his vote in ac- either re-elect or unseat him. If Can you give me the reason why paper. Say you saw it in the ing." cordance with the instructions of those instructions are clearly given, the same would have been rejected? "New Times." "The tables drawn up to show that party. The party in turn does then it will very quickly be found I intended at the same time to not necessarily express the joint or that the member, instead of paying SECTION 1 malnutrition in England on a vast apologise to the late George Ster- scale," he said, "are grossly ex- average view of the individuals who his first allegiance to the party, will ling for misusing his poem; how- ABBOTSFORD. aggerated. The publicity given to openly compose it; it is often transfer it back to its rightful ever, off we go: — HOLLINS, L. H., 405 Victoria St. them makes more regrettable the directed by less visible forces. source, to those who pay his salary, Motor Repairs of All Kinds. J 2047. wrong conclusions, which have been These unseen forces will generally the sovereign people. Hence, if Have you heard of Joey Lyons, be found to be those who can stam- you want to abolish poverty, don't Or of Gullett grave and grey? AUBURN. drawn. Investigations at the Minis- try of Health have shown us that pede electors in various ways, of begin by blaming your M.P. First They're the lads to have about us BLACK CAT LIBRARY and Ladies' which the most obvious is the press. give him your mandate. Get on Hairdrsr. 639 Burw'd Rd. Haw. 1779. the financial circumstances of the While the old ship makes leeway. people, on the whole, are better to- From this it usually follows that with the Electoral Campaign at BLACKBURN. day than during any other recent the Member of Parliament, how- once. Go out and mobilise the Let the debt soar high to heaven, "A" GRADE MOTOR ENGINEERS. period. Inquiries under the in- ever good his intentions when he is people to demand what they want Let the banker take his toll; Station Garage, Whitehorse Road. surance scheme have produced no first elected, soon ceases to have and guarantee political support for With contented look we'll view 'em WX 1490. much individuality. Either he be- their member if he obtains their While old Joe is in control. evidence of widespread under- demand. If we back up our mem- HAIRDRESSER and Tobacconist. nourishment." comes a good party man or else ber of parliament instead of mak- Ladies' and Gents.'. Wright, 122 Now, isn't that thoroughly typical he faces the loss of his pre- Chorus. South Parade. of the callous financial expert? There selection and his seat. It is a ing sarcastic remarks about him, mistake to suppose that members then we give him a power he has Roaring wind and deep blue water, MOTOR REPAIRS, Straton's. is only one question really pertinent Better Service. Lower Cost. WX 2748. to any inquiry on undernourishment, relish this process, but what else can never had before. He becomes in- We're the jolly devils who, as we pointed out to our they do? Only in rare cases has the dependent of party wirepullers and Back to back against the mainmast, BOX HILL. Commonwealth Advisory Com- rebel against party domination can stand for us. Held at bay the entire crew. survived. CHAS. L. COX, TAILOR. Men's and mittee on Nutrition when they CAMPAIGN NOTES. Boys' Wear. 285 Station Street. were making their abortive attempt Victorian electors know what is Let the old ship hit the breakers, The Campaign continues to show Let the graziers scream and roar; CHEMIST. F. Cheshire, For Your to procure housewives' shopping almost certain to be the fate of Mr. satisfactory progress in the dis- Prescriptions. 270 Station St. budgets a few weeks ago. That Maurice Blackburn, M.H.R., Archy Parkhill holds the helm down tricts in which it has been started. And he's sure to swim ashore. CYCLE SHOP and Oxywelding. question is, what is your income should he not be readmitted to the Reports are to hand that Coburg "Alwin", Station St., South of Rly. available for food? And Sir Wal- Labor party before the next elec- has built up a team of canvassers DRESSMAKER. Mrs. Evans. ter, on his own figures, is operat- tion. Yet wherein lay the major gravity of the alleged offence for and is ready to commence opera- Cast your eye on Robby Menzies, Station Street, opp. Baptist Church. ing a system, which provides a tions immediately. Mr. Keady has Bucko mate and sturdy troop, ELECTRICAL & RADIO. Holliday maximum income of three shillings a which he was expelled? Was his commenced the ball rolling in this affiliation with the Victorian Coun- With his good two thousand gob- Opp Stn. Sales, Repairs. week per child for all purposes! The district by contacting friends and lins— WX2677. report of Sir John Orr, the most cil against War more heinous to acquaintances. These in their turn the party as a '"betrayal" of his con- Would yon think he'd care a whoop? FURNITURE REMOVERS. recent, most weighty, and most have approached others; the result stituents or as a defiance of "soli- Gill Bros., 254 Station St. WX2073. damning of those which Sir Walter being a splendid indication of the Kinnear is so anxious to discredit, darity," of hide-bound party dis- Chorus. G. JARVIS, GREY TAXI. cipline which allows no latitude to success one man can be the agency Day and Night Service. WX 1665. was published in February of this in securing. Roaring wind and deep blue water, GROCER, year. It was prepared by a body of the private member and precious We’re the jolly devils who, W. M. Anderson, 14 Main little to the voter? In the Batman electorate the St. WX 1233. expert medical men and Back to back against the mainmast, statisticians, and as far as we can Whether Mr. Blackburn was ob- splendid work of the last week or HAIRDRESSER and Tobacconist. L. two is being maintained. Everyone Held at bay the entire crew. Larsen, Station St., opp. Gilpin's. ascertain not a single authority in jectively right or wrong does not England has questioned what are matter here, any more than is most enthusiastic and, what is IRONMONGER & SPORTS STORE. more important, energetic. As a Frank P. Park, 10 Main St. WX1290. therein set down as facts. The most whether Mr. Ian Macfarlan was Let the Japs, and Dagoes shun us; MARS LAUNDRY CO. WX 2662 important of those, to us, are these right or wrong when he was so case in point the Supervisor, Mr. What care we for wool or wheat? Pick up & Deliver. Quality G'teed. estimates of the average weekly bitterly opposed from within the Knott, reports that two capable campaigners visited thirty houses While our screws are in the kitty RADIO & ELECTRICAL, Foster's, expenditure on food of half the U.A.P, machine at the last State We won't lack a bite to eat. people of Britain, as follows: — elections in Victoria. Mr. Mac- in the last few days, securing one W'horse Rd. Hotpoint Agent. WX2581 or more signatures from each STATION MOTORS. Rennie's Taxis. 4/- ...... 4,500,000 farlan, although narrowly, beat his What care we for dud electors— A. Hulme, Motor Engineer. WX1946. 6/- ...... 9,000,000 fellow-U.A.P. opponent, and with house with the exception of two. This result was achieved at Thorn- Goats who have no brains to use? TAILOR, J. G. Penson, 227 Station 8/- ...... 9,000.000 this measure of personal support If they're wanting straight-out Street. Suits Hand Made from 95/- "It is estimated," says this accorded him by the electors, he bury and is added proof of the ulti- A. MOODY, 1014 W'horse Rd. mate success that will reward our talking, report (page 21), "that half the per has shown himself still more in- We'll turn loose old Billy Hughes. Fruit, Vegetables Delivered Daily. sons in group 1 are children under dependent of the machine during efforts. WATCHMAKER and Jeweller. the present Parliament. (Owing to a typographical error Barnes. Station Street. Repairs. 14 and that between 20 and 25 per cent, of the children in the If only members could be as- in last week's notes, the results of Chorus. CARNEGIE. country are in the lowest income sured of getting personal support a trial canvass in Batman were Roaring wind and deep blue water, P. A. McWHINNEY, Grocer, Con- group." and a personal mandate, the sys- credited to Mr. Knott. This should We’re the jolly devils who, fectioner. Opposite State School. In view of Sir Walter Kinnear's tem whereby policies are dictated have read Mrs. Knott.) Back to back against the mainmast, CITY. own figures, which show that an to the electors instead of by the The People's Movement to Abol- Held at bay the entire crew. insured unemployed family with electors would quickly disappear. ish Poverty (by non-party political ANNOUNCING Naytura Cafe Health four children has only 6/8 a head There is no member of parliament action), Room 8, The Block, Service & Store. Free dietetic advice. per week for all items of living who would not rather have a per- Elizabeth Street, Melbourne Box 800 Lt. Collins St. C 5001. sonal seat than a party seat. There VICTORIAN SOCIAL ATTENTION! Naytura Hostel. Vege- costs, what is the value of his pro- 621, G.P.O., Melbourne. tarian Guest House. Accom. State test? Does he not convict himself is hardly a member who, if he were Please address all CREDIT CONFERENCE & Inter. Guests. Haw. 74. out of his own mouth? Does he confident of the backing of his con- communications to Box 621, AGENDA BLINDS of every sort. Car curtains not show himself to be playing the stituents, would not loyally press G.P.O., Melbourne. The General Conference will repaired. T. Pettit, 235A Queen St. same abominable game as Nie- their demands. commence with addresses by: CAKES, PASTRY, etc. Home Made meyer, and persuading us to ac- Dr. J. T. Hollow, State Presi- Clovelly," The Block, Elizabeth St. cept his false gospel of adjusting dent, D.C.M. Cent. 255. our goods to bankers' money rather ELECTORAL CAMPAIGN Rev. E. Hankinson, State Vice- COLONIAL BUILDING CO., 465 than our own money to our goods? Collins St., MU 1930. Call for free BELOW is the form Parliamentary electors are being asked to President, D.C.M., and booklet on home building. sign. Please read it carefully, sign (if you have not done so chairman of the People's BE AT CONFERENCE! already), and send it (1d. stamp) to: THE PEOPLE'S MOVE- Movement to Abolish Poverty. DAVIS, 568 Bourke St. Royal John Hogan, National Crusader. Medal Milkers, Separators, Engines. YOU—whether you're a MENT TO ABOLISH POVERTY, Room 8, The Block, ELIZA- branch member, country organi- BETH STREET, MELBOURNE, C.1. G. R. Trenoweth, State Organ- DOUGLAS SOCIAL CREDIT ising Secretary, D.C.M. BOOKSHOP. 166 Lit. Collins St. ser, contact, sympathiser, sup- porter, enthusiast, delegate or WE WILL ABOLISH POVERTY T. J. Moore, Editor, "New DRY CLEANING & REPAIRS. just plain Social Crediter; Times." "Saville," Leonard House, Eliz. St., whether you've done anything, Elector's Demand and Undertaking The Agenda for discussion 5th Floor. subscribed anything, helped in 1. I know that there are goods in plenty, so that poverty is quite will include the following im- E.E. DAVIS, Bookseller, 201 Bourke any, way, converted anyone or unnecessary. portant sections and items: St:. Latest Books on Current just agreed with us in the past; Politics, etc. 2. I want, before anything else, poverty abolished. ACTIVITIES. whether you're an old timer or 3. I want, too, national dividends distributed to me and every GINGER JAR CAFE, 238 Flinders a fresh, new advocate; whether General Propaganda. Lane (4 doors from Swanston St.). Australian so that we can buy all we want of the goods that are you're young or old— now destroyed and the production that is restricted. Country Tours and John Ho- Best 3-course meal in city. JAS. gan's Campaign. JENNINGS, 211 Queen St., and 6 WE WANT YOU THERE. 4. These dividends must not increase prices or taxes or deprive Regent Arc. Optician, 73 years owners of their property or decrease its relative value. Electoral Campaign. NICHOLAS HALL, SWANS- Visitors from England. est. Testing Free. TON STREET, CITY, 5. In a democracy like Australia, Parliament exists to make the MAISON MERLIN, Natl. Bank Bldg., will of the people prevail. Town Hall Meeting. SATURDAY, AUGUST 8, at 2 Broadcasting. 271 Collins St. Ladies' Hairdressers. p.m. 6. So I pledge myself to vote for any candidate who will undertake NORGROVE'S, Brassfounders, 355 to support the abolition of poverty and the issue of national INTERNAL ORGANISA- P.O. Place. Nameplates, stencils, rub- THIS IS YOUR CHANCE TO dividends and to vote consistently against any party trying to TION. ber stamps. RALLY TO THE CAUSE put any other law-making before this. OPTICIAN, A. C. Gaddes, MU WHEN IT NEEDS YOU. 7. If the present M.P. here won't undertake this I will vote for Membership. 1582. State Savings Bank Arcade, We want to know whether we some other party, and keep on changing until my policy has been Branches and affiliation. Eliz. St. shall be justified in going ahead achieved. Districts and prospective Dis- OTICIAN. J. H. Buckham, J.P. with our ambitious trict Councils. Nat. Bnk. Ch., 271 Collins St. C. 831. programme. Signed...... Questionnaire to Branches. O.S. FROCKS & Coats. Mod. Prices We want to know what help State Organising Secretary. Kelleher's, Block Court, 3rd Floor. you’ll give, what you think of it, Signed...... State Headquarters. PRINTING. E. E. GUNN. Off 600 what ideas you have on Lit. Bourke St. Cent. 6021. propaganda or general Address……………………………………………………………………. FINANCE QUICK SERVICE TOBACCO campaigning, on raising funds or Review of Financial Position KIOSK, bringing pressure to bear. Help Equitable Place. Buy us to pool the Movement’s full Further forms may be had on application to The Peoples Movement to Membership, capitation and Your Smokes here! Abolish Poverty, Box 621, Melbourne. affiliation fees. (Continued on page 3.) resources and be sure of sound backing for a vigorous campaign. Loyalty Certificates. (Signatures will be treated confidentially.) AUGUST 7, 1936. THE NEW TIMES Page Three

UNSATISFACTORY prices all costs for which money WHAT TO DO WITH DISPLACED ATTEMPTS AT SOLUTION has not been distributed to in- dividuals. The important thing is New Times LABOUR Faced with the problem, most not the mechanism employed, but persons have been content to ad- the purposes behind it. And the SHOPPING vocate a struggle for markets purposes are obvious: — 1. To allow abroad and a "works" programme industry to fulfill its proper func- GUIDE Bank Officer on the Social Credit at home. By this means, unpro- tion: the production of the greatest ductive works, or works which will quantity of goods with the least not be immediately productive, are PATRONISE THESE Solution energy and in the quickest time. 2. undertaken with the express idea ADVERTISERS. Through the columns of our contemporary, Savings Weekly, To design a financial system which of making work, and it is generally Their advertisement helps your the journal of the Victorian State Savings Bank Officers' will allow their speediest and a condition of such enterprises, if paper. Say.you saw it in the "New Association, articles for a prize competition were recently in- justest distribution. 3. To re- such they may be called, that as Times." vited from members of the Association. Writers were asked to establish industry upon the primary express their views on the solution of the problems created by much of the work as possible shall be manual, and as little as possible assumption of economics. SECTION 2 the mechanisation of industry, the adjudicator being Mr. Edgar (Continued from page 2.) Holt, of the Melbourne Herald. The prize-winning entry, con- mechanical. The suggested remedy Such a freeing of society from tributed by Mr. W. R. Browning (Bacchus Marsh), appeared in is by no means new. According to the necessity bf getting a wage DARLING. Plutarch, Pericles undertook the Savings Weekly on July 28, and is reprinted below by courtesy will have certain repercussions ESTATE AGENT, J. White, 1 Illowa of its Editor. The quality of Mr. Browning's article speaks for erection of the Acropolis as a upon industrial organisation. In- St. UY 6521. itself, and his views typify those now rapidly gaining ground means of providing work for all, stead of everyone wanting to find and his "works" programme be- a job, and society endeavouring to ELSTERNWICK. amongst bank officers generally, though employees of the private H. L. SERCOMBE, Pty. Ltd., 70 banks are perhaps less able to express them so publicly. Savings came a party issue in ancient make work, only those qualified to Athens. The chief difference be- Glenhuntly Rd. Dairy Produce Weekly, however, has been notable for the breadth of view of serve in industry will be permitted Specialists. its Editor and its contributors. tween Pericles' plan and a modern employment. Industry will be RADIO & ELECTRICAL SERVICES. one is that, whereas the former organised much on the same basis Mackintosh's, 72 Glenh'tly Rd. L4588. was financed out of money sub- as sport. Not desire, but com- ELWOOD. Mechanisation is the culmination we have no well-thought-out scribed by the Grecian States for petence, will admit to the indus- THE DUCHEY LIBRARY, 3 Or- of a process, which began with the remedy at hand. their defence by Athens, the latter trial team. Industry will be or- invention of tools and machinery. are financed out of taxation or mond road. New Books Weekly. THE PYRAMIDS AS A PUBLIC ganised by an Industrial Aristo- By their means mankind has built loan money. There is nothing cracy serving a Democracy of Con- FAIRFIELD. WORKS PROGRAMME wrong with a works programme so up through the ages increasing sumers, but, unlike present indus- BUTCHER, 93 Station St. Arthur B. long as the work is desirable and quantities of wealth and capital. In many ways, the problem is trial aristocracies, like the Com- Heath Solicits Your Patronage. necessary, but to make men work They have made possible a stand- as old as civilisation. Ancient munist Party of Russia, this aristo- just so that they may receive some FITZROY. ard of life, which would have been Egypt faced it, and, in a way, cracy will be limited to the carry- of the benefits of their previous FRISBY, T., 17 Smith St. Press Tool inconceivable without their aid. solved it. So fertile was the valley ing out of a programme of produc- that sufficient wealth could be ac- effort is to go against the first Maker. Jigs, Tools and Fixtures. But it is not so much the machines tion determined for them by con- cumulated to provide sustenance principles of sociology, and to op- Stampings to the Trade. as the substitution of steam and sumers. In matters of industrial and material for the population to pose human nature. We try to electricity for muscular energy, policy, they will have, as produc- FOOTSCRAY. which has made possible the enor- be employed building pyramids and satisfy our desires with the least ers, absolutely no say whatsoever, BOOT REPAIRS. A A. Taylor. mous wealth production upon other structures during the long effort and with the greatest but as consumers they will be able Station Ramp, While U W ait Service. which the modern world is built. period of the year when the inun- pleasure. As soon as society be- MASSEY'S GARAGE, W 'twn Rd. Increases in wealth are a measure dation made work in the fields im- gins to substitute any other basis to help determine industrial policy The Home of Motor Reconditioning. of the increases of power used by possible. In this way, the whole for its economics, it is heading for by the way in which they spend mankind to drive his machinery social increment was reaped in the disaster. their money. This method of econo- GLENFERRIE and so great is the power now at interests of the governing class. A mic voting will make known to in- OPTICIAN, W W. Nicholls, 100 Now if there is anything cer- dustry just what sort of goods to Glenferrie Rd. Haw. 5845. his command that, allowing one similar state of affairs prevailed in tain, it is that no aspect of the in- unit of horse power as the equal of the Middle Ages, when much of make, and in what quantities. SUITS TO ORDER from 70/-. A. dustrial problem can be solved by Sutherland, 184 Glenferrie Rd. ten units of labour power, every one the social increment was devoted to making the enjoyment of past ef- Certain consequences of such of the two thousand million per- building for the ruling powers. But fort dependent upon present and new industrial status are obvious. IVANHOE. sons now living in the world has the point is that it was then used, future toil, and that the problem Trade unionism will wane. Bureau- BOOT REPAIRS. J. Fraser Solicits at his or her disposal a supply of even though it was not evenly or of mechanisation, however much cracy as now known will disappear. Your Custom. 130 Upper H'berg Rd. power equal to that of seven and a fairly divided. Now, as often as its present ill-effects may tem- UPHOLSTERER. Blinds & Bedding. Strikes for employment will be Duke's, 111 Heidelberg Rd. Ivan. 626. half human slaves. not, it is wasted, because we have porarily be eased thereby, cannot obsolete. We shall no longer hear no means of monetising it. With be solved by works programmes that awful word, "scab," nor the KEW. SOMETHING NEW IN the rise of the modern wages system financed by taxation and loans. necessity for "scabbing." We ANDERSON'S, 141 High St. HUMAN EXPERIENCE the problem of industrial increment Taxation means that those who shall cease to hear the claim for Authorised Newsagent. Haw. 1145. has undergone a profound change. have been sufficiently fortunate to B. McNAMARA, 113 High St. Haw. By machinery and an increase of "the right to work," and shall hear 3785. Newsagent, Stationer and Most of the industrial upheavals find employment in industry are power, increased wealth has been the idea of the "right to leisure." Library. have really been rooted in attempts penalised, while loans mean that produced, with decreasing effort and C. KENNEDY. Grocer. Haw. 229. to secure this increment for the the nation flounders further and Opp. Cemetery Clock, Parkhill Rd. in less time, and in 1920 one of workers, and their failures to do so THE NATIONAL CREDIT further into debt. ACCOUNT E . W H ITE . 109 High St. the corner stones of history was have been because of the Confectionery and Smokes. reached when, for the first time, unfounded belief that it was As in every other problem, there But just as the machine has ren- FLORIST, "Mayfair," Haw. 1452 a greater aggregation of wealth was usurped by the capitalists because are two main avenues of approach dered increasingly obsolete old Cotham Rd., near Glenferrie Rd. —a restrictive and a creative ap- produced with a diminution of the of the private ownership of the methods of production, old industrial GIBSON'S, High St., opp. Rialto number of workers. Up till then, proach. What is wanted is not a Hosiery, Underwear and Aprons. means of production. and social relations, and old every year had witnessed an in- penalisation of those who have KEW DRY CLEANERS. Agent, The farmer benefits in leisure creasing production with a relatively secured some meagre measure of standards of life, so it has rendered A. I. Fraser, 182 High St. Haw. 3733. and increased production from the smaller increase in the number of economic security, but a obsolete a credit system based LADIES' Hairdressing, Hats, etc. application of labour-saving mach- operatives, but since then the monetisation and democratisation of fundamentally upon pre-machinery Burnie Salon, cr. Cotham Rd. and inery, but the farm hand, as often number of workers has actually the increment of association made days. The financial system has no Mary St. as not, loses his job. But, whereas M. J. MARTIN, 157 High St. Haw. decreased, while the totality of pro- possible by mechanisation, so that all means, as yet, of monetising the the farmer may reap an increment 3794. Shoe Store, Shoe Repairs. duction has increased. sections of the community may social increment of association. of leisure and production, there is WICKERWARE and Repairs. Pram move up to a higher standard of This can be done by keeping a During the period 1900 to 1920, no means by which the financial Renovations, L. Pavitt, 294 High St. output increased 70 per cent, while life. What is wanted is, not the National Credit Account, just as a system can at present be made to Communist ideal of the transfer- company keeps a credit account, and MALVERN. the number of workers increased register that increment in terms of F R O C K S & K N IT W E A R To Order. only 40 per cent. During the period ence of everyone to the working crediting it with every increase in the £.s.d. class, but the substitution for the L. M . Fairbrother, 241 High St. (& 1920 to 1929, output increased 25 community's capital and ability to 55 Koornang Rd., Carnegie). per cent, but the number of workers WAGE SAVING NOT COST working class of machinery; not produce wealth. From this can be decreased more than 7 per cent. SAVING. the taxation of those who do enjoy drawn from time to time such NORTHCOTE. the benefits of civilisation, but the GRAY & JOHNSON, Pty. Ltd., (American figures). The appeal of labour-saving money as is necessary to pay the general distribution of those bene- National Dividend and the cost of Leading Land and Estate Agents. No wonder Mr. G. W. Gray machinery is that it is wages fits to all members of the com- 742 High St., Thornbury. stated in his presidential address saving. Unfortunately, it is not also "works" programmes as they are munity; not confiscation, but needed. By so doing, many major SPRINGVALE. to the Institute of Mining and cost saving. Though the cost of generalisation. Metallurgy in 1933: "We are face wages may be saved, the cost of problems not altogether industrial DAIRY, M. Bowler. Buckingham to face with something entirely depreciation and running of the will be solved. Industry will Ave. THE NATIONALDIVIDEND R. MACKAY & SONS. new in human experience." machine still continues. Whereas AND ITS RESULTS. generally be able to make profits and pay decent wages. The General Storekeepers. UM 9269. Of course, it is not really a new before the installation of the mach- inery the farmer paid away wages As regards the present problem, phenomenon, or rather, blasphemy of thing. It is only the culmination the cure consists in distributing to WILLIAMSTOWN. which could theoretically buy the poverty amidst plenty will disappear. DON B. FISKEN, Baker. 122 of an old process, and could have the community a National Dividend been foreseen at the turn of the farm or other production, since the The combing of the world for Douglas Parade. introduction of the machinery the equal to the increment of associa- markets, even by wars and last century, or, for that matter, tion generated by society as a go- DUNSTAN, DAIRYMAN. labourer does not receive any armaments, will cease. National much earlier. Unfortunately, in- ing concern. It might be expressed, 28 Station Rd. 'Phone, W 'town 124. stead of facing the implications of money with which to buy the out- programmes will be undertaken put, though costs, often nearly as rather inadequately, as the pay- WINDSOR. the substitution of machinery for ment of the "wages" of the without leaving a trail of debt. much as the wages, and for which There will be no labour opposition to E. C O OK E, 49 Chapel St. Win. 8044. labour, we preferred to leave the machine to those who have been High Class Butcher (Cash). subject alone and think along the no money is paid away to act as the greatest possible mechanisation of purchasing power, have to be ac- disemployed, first, and then later old lines. Instead of realising that to everyone, employed and unem- industry. Poverty will pass out. the logical culmination of the pre- counted into the final prices. Crime, which undoubtedly has its Generally speaking, the substitu- ployed alike. Or, conversely, and cess is the complete substitution of again rather inadequately, it might roots well fitted into poverty and machines for all labourers, we have tion of machinery for labour has meant the diminution of the amount be expressed as cutting out of insecurity, will abate, and last, but continued our attack upon indus- by no means least, by securing the trial problems from an angle, which of money paid away to persons who could use it to buy wealth National Dividend the individual will READ assumed that there would always JOHN HOGAN'S FINAL VIC- be placed in a position where he will be sufficient work for all. Mach- when it appeared on the market, TORIAN MEETINGS BEFORE but no corresponding diminution be able to defy any possible attempts "SOCIAL inery has been continually paying LEAVING FOR TASMANIA which may be made to coerce him. us an increment of increased wealth of prices. and increased leisure, but we have This would be bad in any case, THREE GREAT RALLIES, Mechanisation, which has loomed CREDIT" OFFICIAL ORGAN OF THE not made any attempt to see that but when it is remembered that as THREE GREAT SPEECHES as such a shadow and destroyer of WITH A SPECIAL PURPOSE. SOCIAL CREDIT would be fairly distributed. the money paid away as wages human freedom, will yet, given the SECRETARIAT, LTD. constitutes the preponderant While we have been keen on PRAHRAN TOWN H ALL appropriate financial mechanism, 163a Strand, London (Chairman, advocating the democratisation of proportion of the money available Major C. H. Douglas). Friday, August 7, 8.30 be seen for what it is— an angel of most other things, we have failed for buying wealth, it is easily seen light, life, security and leisure. to think out any scheme for the how it is that the mechanisation of IVANHOE THEATRE CON- Authoritative News and Views of FERENCE RALLY AND P.S.A. And the Industrial Revolution will the World Movement for democratisation of the increment industry has been accompanied by be seen as, not the devastator of Social Credit. of association paid by machinery an increasing difficulty to sell Sunday, August 9, 2.30 Subscription Rate 11/- (sterling) KEW RECREATION HJALL green fields and the blackener of for One Year may be obtained to mankind. At least, most of us wealth, with the attendant stressing the landscape and men’s lives, but have failed so to do. And now the Monday, August 10, 8 p.m. from the Douglas Credit of salesmanship, advertisement and as one of the major spiritual Movement, Block Arcade, problem has become urgent, and Attend one of them at least! struggles for markets. conquests of man’s soul. Elizabeth Street Melbourne. Page Four. THE NEW TIMES AUGUST 7, 1936.

would Mr. Lynch like to change will be such only as the These goods should be sufficient places with one of his constituents financial monopolists who control both to supply all necessities and on the dole? Or would he accept, our Government may permit, and reasonable comforts, and to uplift in this case, "Every man for him- that, therefore, as we previously men to that higher standard of life self and the devil take the hind- indicated, all these taxation which, provided it be used with most”? schemes, even if put into nominal prudence, is not only of no hin- operation, will be passed on to the drance, but is of singular help to rank and file. History shows that virtue." this is not theory, but fact. Second- ly, all arguments about the redis- Did We Miss the tribution of existing money in- comes are futile when, as the Mark? figures show, the confiscation of all The Monetary so-called superfluous amounts would Commission In our issue of July 10 we criti- hardly make a perceptible differ- never be accepted by men of Brit- cised certain proposals put forward ence in the standards of the masses. 9-*9-*3*<9.2*83*<9.2*8 Many correspondents have ex- ish blood." To which, as would in the July issue of the Catholic To talk about monetary solutions — pressed surprise that we have re- Published every Friday by New Times be expected, the Overseas League Worker. We are informed in the of which taxation, which deals Pty.' Ltd., Elizabeth House, Elizabeth cently made hardly any references fervently cried: "Hear, hear." August issue of that paper that we entirely with money, is one—with- and Little Collins Sts., Melbourne, C.1. out paying any attention to the at all to proceedings at the Mone- Senator Lynch proceeded to "missed the mark." Postal Address: Box 1226, G.P.O. source and supply of money is tary Royal Commission. Our Melbourne. show the results. "This novel doc- Our criticism was directed mainly sheer waste of time. Moreover, as answer is, what is the use? When trine," he continued, "gives rise to against two of their suggestions. New Zealand has just shown, the the Commission was appointed we Telephone: M 5384. many difficulties. It rules out of One was the Communistic gospel obtaining of a national mandate to showed, by an examination of its account allied warfare, because in that the community should set out deal with the money question at its personnel, that it was eminently Vol. 2. No. 32. the first place, if the doctrine is to to "soak the rich"; while its strange source need not necessarily "take a unfitted to approach its task with be accepted, there must be no allies FRIDAY, AUGUST 7, 1936. twin was the ultra-capitalistic idea long while." Whether the nature an open mind, and that, at least in at all." What a calamity—no that we should also soak the de- of that mandate will be along the respect to the majority of its mem- more wars on the grand scale! stitute aged. confiscatory lines advocated by the bers, the predilections were all in Worse still, and a point which old Catholic Worker and the Com- the one general direction: Very War Ballyhoo From The attitude of the Catholic Mr. Lynch quite overlooked, under munists, or along lines which aim little, if anything, which has since Worker on the latter issue was ex- Aged Senate the pernicious doctrine of every- rather at making the poor richer transpired inclines us to modify pressed thus: "£12,770,000 is the one refusing to fight outside his than the rich poorer—and which those views. President estimated expenditure for 1935-36 own country we couldn't have an are eminently practicable in this on old-age pensions. Surely it As far as the evidence is con- West Australian papers of last international war at all, and so his age of power production—will de- would be better to spend some of cerned, it early became apparent week reveal that another militant heart-rending picture of "Australia pend largely on the amount of in- this money, the amount of which is that the Commission had no mind non-combatant has j o i n e d old standing with stony indifference telligence devoted to studying the increasing year by year, on young to delve into fundamentals. Banker W. M. Hughes in gory speeches. while the Motherland was fighting nature of our problems. In this people with their life before them witnesses were allowed to say their This time it is the Honourable Pat- for her life, and her lusty favoured the Catholic Worker could assist, than on the old—to give them a pieces with hardly a question con- rick Joseph Lynch, president of the son leaving her to fight alone," if it would. good start in life, and perhaps cerning the principles of a mone- Australian Senate. Mr. Lynch, would merely be an old man's Finally we would remind the though not quite so ancient as dream. Even so, we do not feel eliminate the need for pensions for Catholic Worker of two things. One tary policy, and the perfunctory and them when they grow old." In semi-apologetic questions asked W. M. Hughes, is nevertheless only it fair to deprive the Senator of is that our criticism was not a spite of our criticism having missed them dealt almost entirely with a few months short of the three his dramatic peroration: "I do not "Douglas attack," and that the New score years and ten, so presumably think that such an unnatural spec- the mark, there is now a hasty Times is not, as it asserts, "the trivialities of banking administra- somersault, for the August issue, tion. At the tail end of the in- he has no intention of being at the tacle could ever come to pass. But, local Douglas Credit paper"—any under a prominent heading, "In- next war in person. For that matter if it did, we would sink to the more than the Catholic Worker is quiry when, as in most proceedings the same P. J. Lynch, ex-Engine level of a spiritless, honourless crease Old-Age Pensions!" begins: the local Catholic paper. The Mel- of the sort, the public have wearied Drivers' secretary turned U.A.P. people with no heed or care for the "As, through hurried proof-read- bourne Catholic weekly, the of the long-drawn-out farce, a few Senator, was not at the last war finer sentiments that make civilisa- ing"—the Catholic Worker pro- Tribune, has for several years been paragraphs in the daily press would either. To be sure, he was 47 tion worth having, and no higher duces four pages a month—"a para- publishing articles openly advocat- seem to indicate that some sort of when it was begun, but in view of thought than the gratification of graph appeared in our last issue ing Social Credit. The New a pretence of impartiality is to be the sentiments he is now revealing our own animal appetites. Why, which seemed to imply that the Times likewise advocates Social put up by the hearing of a number one would have thought that a the wild beasts would shriek de- 'C.W.' advocated the reduction of Credit as its financial policy, but of witnesses who are critical of the trifle like being a year or two over rision at such a miserable, decadent old-age pensions, we take the op- it is entirely independent of the financial monopoly. But we do not age would never have stopped him. race!" Dear, oh dear, what a portunity not only to correct this Social Credit Movement, as such. delude ourselves that such evi- bloody old man! false impression, but to declare our dence as they may tender will However, Mr. Lynch apparently The second reminder is that the policy on the whole question." The carry any weight with men like thought he could serve Imperial There is an ancient saying lofty attitude adopted by the Catho- article then proceeded to advocate Professor R. C. Mills. Therefore, needs best in 1914 as vice-chair- amongst the Irish: "Never trust a lic Worker in that section of its that the Commonwealth "surplus," why waste time on inquests and man of the Standing Committee on Lynch or a Kelly." In spite of this August rejoinder headed "Moral or some two millions of it, should be epitaphs? Public Works, and accordingly he we would cheerfully trust P. J. Problem," and in which it says, devoted to restoring pensions to proceeded to do so, regardless of Lynch, the warrior, to this extent "We are concerned with the What we are considering is the £1 a week. all personal danger. —that, wherever he is in the next religious aspect of the social sys- offering of two prizes—one to go It is good to hear that these are Mr. Lynch's latest effort for the war, we'll be behind him. tem, considered as a moral prob- to the person who can most Catholic Worker Empire was an address to the Senator Lynch had also a few the views of the lem. Social reform implies a re- accurately forecast the exact Overseas League in Perth. Here words to say about our population (at least for August), but, through ligious, a political and an economic findings of the Commission; the more hurried proof-reading, if not is a sample of it: "There is a shortage. Having advised us of solution"—is sheer arrogant cant. other to whoever is most discerning peculiar feeling developing in this our duty to kill off our young men through haste in providing the raw As the quotation and its context in estimating, with the reasons, just material for proofs, it somewhat country which, if universally ac- whenever and wherever this should show, the inference is that the New how long before the next election rashly allowed itself to set out a cepted, may have untold and dan- seem desirable to "the Motherland," Times is merely materialistic in its campaign the report of this gerous consequences. There is a it naturally followed that, as a "permanent solution" in the form viewpoint. Such an inference is Commission, promised before the last election, will be published. But fairly prevalent opinion, having re- sound financier, he should seek to of national insurance. We hate to as uncalled for as it is untrue. The before doing so we should like to get sponsible backing, that if resort to build up the reserves. seem over critical towards these New Times, whose contributors in- young men who appear to be sin- into touch with the Melbourne arms must be had in the future, clude writers of nearly all Chris- The unwillingness of the present cerely desirous of helping the under Herald —an acknowledged then Australia's share in it must be tian religious denominations—in- generation to propagate its species, authority on the legal aspect of strictly confined to Australia and dog, but we would now remind cluding Catholics—is a Christian he declared, might well become the them that any scheme of national "skill tests"— to make sure that we nowhere else. We know this is paper, and it does not believe that saddest blot in the nation's brief insurance which can be proposed shall not be infringing the gambling largely a reaction to the colossal monetary reform will solve all our history, and the bogus plea of in- under the existing financial control problems, but it does believe that or lottery laws. misery and ruin wrought by the sufficient means was "pure balder- Great War. But if, to mitigate must be deflationary, and, at the you will achieve no solution, spiri- dash." best, any so-called provision for the horrors of war, the jackal tual or material, without it; hence old age can be achieved only by motto, 'Every man for himself and In the Senator's own case this its insistence upon the urgency of lowering living standards during DELEGATES AND AFFI- the devil take the hindmost,' is doubtless true. He had sufficient this step. In our previous issue LIATION all the years preceding. Is the must be adopted, then it had better means himself to become a bride- we drew the attention of the Catholic Catholic Worker advocating this? Official delegates to the be tried on someone else, as it will groom once again at 66. But not Worker to the terrific denunciation morning meeting of the Social all the other "lusty favoured sons" On the taxation issue the Catho- by Pope Pius XI. of the financial Credit Conference on Saturday in Australia have enjoyed a Sena- lic Worker is unrepentant, though monopolists. May we, in conclusion, will assemble at the Rooms, 8, THE PRINTED WORD tor's salary for thirty years without it does admit that "the necessity for invite it to ponder these words of The Block, Elizabeth Street, in the same Pope on the link at 11.30 a.m. Pamphlets, Booklets, Leaflets, interruption. As a patriotic putting credit under State control Delegates and supporters Weeklies, Monthlies, Annuals, gesture to the Motherland how was pointed out by Pope Pius XL, between the material state we are requested to be at the Newspapers, Magazines, or as the New Times indicates," but, advocate and spirituality: "Then Nicholas Hall, Swanston St., Books "it is going to take a long while only will the economic and at 2 p.m. sharp for the General EXCELLENTLY AND to put the bankers under political social order be soundly Convention. NAVEL ORANGES, GRAPEFRUIT, ECONOMICALLY control. Even if you will no established and attain its ends, LEMONS Branches or Groups not yet PRODUCED 7/6 PER CASE. Freight Paid in Vic. longer be needed when that day when it secures for all and each, By officially affiliated may do so with Please specify size required. We guarantee arrives—what are we to do in the all those goods which the wealth Mr. G. R. Trenoweth, State THE ADVOCATE PRESS our fruit and will refund your money if you meantime?” 309-319 LONSDALE and resources of nature, Organising Secretary, at the hall if are dissatisfied and return fruit to us. desired, and obtain from him also PLACE, MELBOURNE N. VISE & SONS We suggest to our technique, and the social LOCKINGTON, VIC. contemporary, first, that any all necessary information in regard Phone 6831 (3 lines.) organisation of economic affairs to affiliation and official status. measures taken “in the meantime can give. AUGUST 7, 1936. THE NEW TIMES Page Five.

YES—NO. is the shortening of hours of work. have twisted Labor politicians to THE LABOR PARTY'S WORK Without the national dividend and their own purposes has been facili- The banker who lends £1000 to the price discount this must entail tated by the work complex of COMPLEX a customer by crediting him with Labor, the revenge complex of that sum in a book does not create either higher prices or lower wages. £1000. If he did he could create Labor, and its unwillingness to go The essentials of monetary re- the whole hog in monetary reform. £1,000,000 just as easily. He takes form are threefold: — By AQUARIUS advantage of the public confidence, Mere nationalisation of credit or "credit," which he knows to exist (1) Community control of credit The Federal Labor Conference Federal Labor leader Curtin "is at the moment to expand the vol- without change of policy would be ume of public spending power by a and the free issue of credit for another handsome handout to the met in Adelaide during the whole necessary to maintain and increase production. employment." Even rearmament strictly limited and safe amount. bankers, as the swindle would then of last week, and considered mat- —"Argus" editorial, August 3. ters mainly economic and mone- and defence were looked on by the (2) The issue of the National have the authority of the State be- * * * Dividend. hind it. The banking swindle is a tary. Before considering the con- Conference with equanimity, if not "Takes advantage" is the right clusions of the conference, we shall with joyful anticipation, as phrase. In view of the contention (3) Regulation through the price swindle mainly in its treatment of consumers, and the consumer as epitomise some of the fundamen- providers of all-holy work. The that the "Argus" has for years been discount of the withdrawal of Laborites have, it is true, putting forward, that bankers merely such has been neglected in the tal tenets of Social Credit as placed lend their deposits, the admission money from the people. before the world in 1919 by Major advanced to a stage where they Labor proposals we have con- above is astonishing. The Labor Conference has not sidered. Douglas. These tenets are as fol- think that national investment must The "Argus" now concedes that gone beyond the first essential, and low: — be planned—i.e., that the the private banks "expand the vol- It is difficult to understand what Government should decide whether ume of public spending power"— it is not altogether clear that it keeps Labor leaders from plumping (a) The object of an economic that is, issue financial credit, which does not desire to control finance we are to build machine guns or is money—by taking advantage of solidly for the three essentials of System is to give the individual grow cabbages, and if so in what merely to revenge itself on capital- monetary reform, as that alone will control of the necessaries of life the public credit, or the real credit proportions. It is, however, still a of the community, based on its sup- ism. win them the willing support of on the cheapest terms possible. The fundamental belief of a majority ply of real wealth. The banks' limit (e) As we have stated, under the people. It is probable that they individual possesses inalienable of the Labor leaders that it is is "a strictly limited and safe the Labor proposals as they now are afraid of the campaign-of vili- property of the one description better for man to do something, amount"—in other words, they must stand, it will still be true that a fication, which financial interests only—potential effort over a not create so much of their interest- however unnecessary or even bearing, ledger-entry money as to man must work or starve, and to will turn on. It is possible also definite period of time. The dangerous, than to have leisure. It be caught short by the demands of that extent man may never that the matter of party funds has real unit of the world's currency is is a further belief that man's store the public for legal tender. achieve real freedom of choice as something to do with their un- effort into time—what we may of time-energy units should be ap- And the "Argus" is so ingenuous to whether he will or will not co- willingness. However this may be, call the time-energy unit. The as to concede also that "in the last plied to the business of grubbing resort, that piece of real wealth operate in any particular under- they display altogether too much cheapest terms on which the for an existence and not set free willingness to heed warnings from individual can liquidate his debt to would have to be sold to satisfy the taking. This is not a sound basis for other purposes, such as the borrower's debt at the bank"; and for the erection of a lasting social the publicity agents of finance, such nature in respect of food, clothes real business of living. A con- that "there may be some respects in as that given in the leading article and shelter (the essentials of which the monetary system in Aus- construction. tinuation of the Ant State is en- tralia could profitably be altered." of the Age on July 30. In this life) depend clearly on process, and visaged. Labor first chose its name article Labor was exhorted to keep by getting free of this debt with Can it be that its own recent un- THE COMMONWEALTH years ago when it was really neces- happy experience of a £242,000 bank BANK BOARD off the grass with respect to mone- the minimum expenditure of sary for man to devote a large por- overdraft is at last teaching the tary reform, to keep off the grass time-energy units he clearly is so tion of his store of time-energy "Argus" something about finance? Before leaving the decisions of with reference to reconstitution of much richer in the most real sense, units to the provision of the es- the Conference it is welcome to the Commonwealth Bank Board, in that he can control the use to be note that it was recognised by a sentials of existence. In the in- sented the essential require- and, above all things, to continue made of his remaining stock. tervening years Labor has perhaps majority of delegates that the pre- in the belief that the nation's credit Improvements of process and ments of reform." sent Board of the Commonwealth forgotten little, but unfortunately It is difficult to guess whether means its supply of money and application of solar energy should it appears to have learned little, and Bank represents sectional interests, bonds. The bankers are always pay a dividend of increased leisure Mr. Curtin is groping his way to and mainly those of the private it seems imbued with the idea that the truth or merely wishes the un- willing to supply guides to assist and increased amenities for living. the more labour there is, the more banking monopoly. It was pro- Labor in its climb to office, and The object of an economic system is there will be for it to represent. wary citizen to think that his ob- posed at the Conference to free the each new guide is able to show most emphatically not the jective is the full objective of bank of such sectional control, but them that further of their promises provision of work. ( b ) Real credit. The views of Social Credit. We shall be the whether the alternative of rule-of- and obligations to the electors must (b) Real credit is a measure of the Labor Conference on this sub- first to congratulate Mr. Curtin if thumb issue of producer-credit be jettisoned. The record of Labor the reserve of energy belonging to ject are somewhat hard to grasp. the former guess should prove cor- proposed by the Conference will be has been one of consistent expres- the community. It is the ability There seems to be some approach rect. better is doubtful, to say the least sion of fine ambitions, coupled to produce goods and services as, to the true conception, but an un- (c) The object of production is of it. What is wanted is a Com- with a shockingly bad record of where and when required. willingness to do anything sub- the provision of employment. monwealth Bank or National Credit actual performance. What is re- (c) The object of production is stantial about it, as will appear Incomes can be paid only through Authority administering the quired of Labor leaders is more consumption, and the object of a from the following quotation from the avenue of work, or through principles of Social Credit on the guts, for we are in a position to monetary system is to facilitate the the Age: "Mr. Curtin said that the pensions raised from taxation or basis of correctly compiled statistics state definitely that most of them distribution of goods and services. task of Labor was to set free and loans from the Commonwealth of production and consumption. know the principles of Social Credit As the biggest factor in production direct the great powers of produc- Bank. but are too craven hearted to back tion and distribution in general, This does not imply either sectional is the cultural inheritance (or the It is significant to note here that control or political control, but them up. In the fight, which is go- knowledge how to do things which which capitalism now held in there are signs of real progress ing on inside Labor ranks, we wish shackles, and which caused vast implies a monetary or ticket system, has been accumulated and handed within the Labor party on the which accurately reflects the facts the Brookers and Dwyer-Grays down to us through the ages) and suffering and want in an era in point of income distribution. Mr. well. Adherence to the bankers which Australia possessed machin- of the economic activities of the further, as the employment of a Brooker, seconded by Mr. Dwyer- community. has led the Labor party nowhere, small proportion only of the ery, workshops, transport and a Gray (Tasmanian Treasurer), except to a betrayal of the people distributors' organisation capable population is required in industrial moved that purchasing power THE BANKERS AND LABOR it supposedly represents, and it is production the national dividend of producing and handling almost should be distributed to the people must progressively displace the unlimited quantities of goods; men through such channels as are not It is fair to say that the Con- wage. In other words, we must be and women of unsurpassed skill and covered by public and private works. servative and National parties have ONLY 1,693,000! paid to consume whether we work knowledge in everything pertaining To its eternal shame the conference for years avowedly represented "Indicative of world recovery is or not. Purchasing power must to human needs; a mechanism of refused to endorse this motion. We banking interests, and of them it the fact that only 1,693,000 bags of be distributed otherwise than money and credit capable of direct- congratulate Mr. Brooker and may be said, "Well, what would coffee were destroyed last year, through employment. ing and changing the directions of Mr. Dwyer-Gray for their you expect of a pig but a grunt?" against 8,266,000 in 1934. Since human activity by checking or ex- recognition of the necessity for the when they bring in a piece of June, 1931, 35,801,000 bags have (d) In the modern world there tending the flow of capital; an or- been destroyed." is a continual appreciation of pro- issue of consumer credit. Their legislation which handsomely as- ganisation for the conduct of sists the bankers. It is fair to say, —Byron Moore, Day and duction over consumption. Credits fellow-politicians, however, still Journeaux's Monthly Review, July foreign trade by which Australia boggle at the thought of anyone on the other hand, that Labor poli- 1936. issued to the community must only exported many of her products, and be retired in the proportion that "getting something for nothing." ticians have fulminated against the received in exchange the produce They shut their eyes to the fact iniquities of bankers for years. In total consumption bears to total of other nations. spite of this undoubted attitude to production, and the price level must that the accumulated knowledge of astonishing that this fact has not "The regulation or control of the centuries is the biggest factor in bankers, Labor Governments have been recognised. Of what possible be regulated accordingly, thus been guilty of placing on our leaving the net appreciation of capital, Mr. Curtin said, meant the production, and that it is definitely use is it to the man with only his regulation and control of capitalism. a communal inheritance, handed Statute Books some of our most labour to exchange to be told in an production still represented by repressive and reactionary legisla- money in the community pocket, At present the substantial control to us for nothing. They forget also era of mechanisation that he must of capitalism was in the hands of that the Almighty attaches no price tion. It was a Labor Government, either work or starve? Who wants and preventing a filching of which promised to the bankers purchasing power through rising the controllers of finance. Every tickets to rain and sunshine, and to be forced into a forestry camp prices. farm and every factory was now that materials and natural forces Australia's last man and last shil- at the top of Mount Wellington, subject to their domination. Pri- and laws are at hand to be ling in 1914. Several Labor for instance, so that he and his (e) A lasting order of society vate initiative and enterprise was utilised. Governments ratified the notorious family might be given access to can be based only on the willing handicapped by limitations imposed (d) Price regulation. Beyond Financial Agreements whereby food and clothing? co-operation of economically by the operators of credit and suggesting that interest rates Australia went totally into pawn Shades of Sisyphus! This poor secure and free citizens. Insecurity, money. So that the economic order should be controlled in order to to the bankers in 1929. Labor mug trod on the corns of some an- regimentation and the necessity to might henceforth be directed in- keep to a minimum the monetary Government was the first to re- cient deity and was condemned to devote the whole of life to the creasingly to the service of all the and capital charges (debt-money duce pensions in Australia. High roll a stone up a hill. When he scramble for existence, prevent the people; unemployment dealt with charges) of production and and grinding taxation has been got there the stone rolled back and proper growth of culture, per- nationally; markets found for the industry, the Labor Conference characteristic of Labor rule. In he had to keep on with the hope- sonality and the human intellect. output of industry and the menace has made not the slightest progress England the story has been the less task. Is this what Labor poli- (The late Eimar O’Duffy in this of war averted, or capacity for de- on the vital subject of withdrawal same. After a short term in of- ticians wish on their constituents? connection points out that it is after fence increased, sovereignty over of money from the community fice, and usually after the imposi- Labor should set about disabus- he has had his fill of snails that the the source of currency and credit through prices. It has confined tion of laws, which the bankers' ing the minds of its constituents of blackbird bursts into song.) must be held by the community as itself to the relatively unimportant avowed representatives would have the idea that it is work they want, a whole. matter of the issue of money. This hesitated to impose, Labor Govern- and promising them financial ac- SISYPHISM AND THE SILLY issue is to be through works as ments have been unceremoniously cess to the plenty, which surrounds SYMPHONY OF CREDITS "The Commonwealth Bank was the bundled out. The normal pro- logical instrument to function for increased debt, and will leave them. This is the policy which FOR WORKS behind it an equivalent trail of cedure has been for several Labor will get votes, if it is votes the party the community in this fundamental politicians to turn neat somersaults Let us now turn to the considered feature of monetary readjustment cost to be met. Further, it will tend wants, and the Social Credit tech- beliefs of Labor politicians and of- to true inflation—i.e., a rise of and their performance has been so nique is adequate to nullify any and economic reconstruction, Mr. entertaining to financial interests ficials, as expressed by their leaders Curtin continued. Labor prices, so long as the bad old counter machinations of financial that the clowns involved have had at conference in the year 1936. We Government would legislate so that principle is allowed to rule that interests. may for purposes of comparison the price of an article is what it pennies thrown to them in suffi- the Commonwealth Bank would be cient quantities to enable them to treat with these under headings able to completely control (a) will fetch. Rising prices are the similar to our epitome of meanest form of taxation and live happily ever after. The net BE THERE! it for the nation, (b) money for upshot of the whole business has principles set forth in ''Economic industry, (c) direction of filching of purchasing power, and Democracy.” The Labor beliefs are they hit hardest the strata of society, been greater debt and higher STATE CONFERENCE general investment, and (d) taxation. as follows: - currency relations with external which Labor professes to represent. Douglas Credit Movement Further, stimulated production It is doubtful whether the of Victoria (a) The proper object of an markets. Such a monetary bankers would even oppose a economic system is to provide policy, linked to a programme without any provision being made Nicholas Hall, Swanston for closing the gap between incomes capital levy, as that would reduce citizens with work. This end of industrial and economic to a common level of degradation St. M elbourne should be achieved by the expansion, improved conditions and prices, must ultimately lead to an intensification of the struggle for all persons who had no access to This Saturday, August 8, “distribution of existing work and of working and living, and the creation of financial credit. by the provision of new work.” associated with a progressive markets. at 2 p.m. “National control of credit,” said scale of social services, repre- A further aspect of Labor policy The ease with which bankers Page Six. THE NEW TIMES AUGUST 7, 1936.

even more within the control of described in the "Encyclopedia Paul Warburg, the originator of A CRITICISM OF PROFESSOR the private money monopoly. Mil- Britannica" as one of the world's the central bank idea, was the lions of pounds of Australian foremost authorities on foreign dominating force. Mr. Norman COPLAND credit money were called in by the exchanges, that ". . . the world keeps his name out of the press as private banks and cancelled out of price level is actually regulated much as possible, rarely appears in existence. They had created it, by the leaders of the United public, goes to extraordinary By BRUCE H BROWN and they cancelled it. States' bank policy." The fall in lengths to hide his movements, and Having thus brought about a never explains anything. It was subjection, and which have their prices referred to by Mr. Scullin At the Hotel Windsor on July serious shortage of Australian was preceded by what the through his agency that these dia- 20, the Economic Society of Aus- headquarters outside Australia. No money in Australia, even though bolical conditions were imposed on tralia' and New Zealand and the benefit whatever accrued to the newspapers described as "an orgy the workers and producers of Aus- of speculation on the New York the people of Australia, and in Melbourne University Old Com- people of this country from what he tralia were actually supplying in- 1931 the late Sir Robert Gibson merce Students' Association gave a did or what he advised us to do. Stock Exchange." This orgy was creasing quantities of the things started by the Federal Reserve informed the Senate as follows: — farewell dinner to Professor D. B. Everything he recommended was a we all needed, the banking system Copland on the eve of his depar- Board when it deliberately lowered "The Commonwealth Bank, more blow at the men, women and children then directed the Loan Council to particularly in recent years, has ture for the United States and of Australia who form Sir Robert the re-discount rate, and the orgy impose a policy of retrenchment in been in intimate association with other parts of the world. Sir Her- Knox's "working class," and it is was stopped by the same Board bert Gepp proposed the health of government services so as to bring when it deliberately put the rate up the Bank of England. There has because more and more people are those services back to the limits of been constant and growing ex- the professor and expressed the realising this that the professor is again and ushered in the depres- the restricted quantity of money change of opinion and views with firm conviction that the guest of rapidly becoming discredited. He sion. Following this wickedness, the evening would make "a real which they had arbitrarily and the same Professor Cassel ex- the bank and the Bank of England, must not be allowed to escape his dictatorially determined. They also which places the Bank of England contribution to American economic full share of the responsibility for pressed himself in the Financial knowledge." In the course of his controlled publicity so as to get Time's as follows: — in a reliable position to ascertain having misled the Governments and the Judges of the Arbitration our actual position, both overseas address, Sir Herbert said this: — betrayed the trust of a confiding "Practically absolute power over "Professor Copland has done Court to reduce the already meagre the welfare of the world has been and in Australia. The bank is in people. wages of the workers. That was notable work for Australia and the Having said that, we now ask placed in the hands of the Federal Empire. He and Professor done on the claim that such a Reserve Board, and one is appalled you to join with us in reviewing reduction would stimulate employ- According to Mr. E. G. Giblin had been leaders in mapping what took place, always bearing in to see the apparently haphazard Menzies, the after-dinner out the details of the Premiers' ment, but the result was that dur- manner in which the Board uses speeches of England have mind that the Chair of Economics ing the ensuing; eighteen months Plan, and in persuading influential at the Melbourne University, al- this power, how ignorant it is of reached the lowest ebb for years. sections of the community to unemployment consistently went the aim which ought to dictate And, according to such men as though proposed soon after Fede- from bad to worse. Sir John Orr, so have the ration, could not be established be- American monetary policy." dinners. cause of lack of money. When THE PREMIERS' PLAN Immediately following this ac- Last Thursday a deputation re- "EXPERTS." tion on the part of the American presenting the Victorian Wheat- eventually brought into existence, continuous communication with the growers' Association waited on the it became possible only through the It was in this atmosphere and in banking controllers the policy of Bank of England on all questions Prime Minister (Mr. Lyons) and "generosity" of the banking-finan- these general conditions that a deflation in England was intensified affecting finance in its broadest entered a vigorous protest against cial combines, who naturally look committee of "experts" was ap- by Montagu Norman, who had sense—world finance. . . ." the new tariff . . .. The Prime pointed to investigate the "budget- been publicly described as "Wall Minister said in his reply that to their child for reverence and This information was revealed negotiations were now taking obedience. ary" position of the several govern- Street's Deflation Agent," and the after Mr. Norman had sent Sir place between the Commonwealth Even if we disregard the callous ments and to recommend what inevitable result was that business Otto Niemeyer and Professor Gug- and Japan, and he was hopeful behaviour of the financial control- was curtailed and the people of genheim Gregory here in 1930 as that a satisfactory solution would lers following the conference of in- England further deprived of their bailiffs (Gregory, by the way, mar- be found. "TOMMY" WHITE ENTERS —The "Countryman," July 31. ternational bankers at Brussels in purchasing power. ried Miss Niemeyer) to have Japan is still making no move to 1920, and the resultant appoint- THE ARENA. Mr. Ludwell Denny, a promin- everything cut by the scissors of resume trade discussions. . . . It ment of a former American banker, Having left Henry Gullet to bear ent American author, in his book financial restriction and retrench- is felt at Canberra that Japan may in the person of Montagu Norman, the brunt of the attack while he entitled, "America Conquers ment. Sufficient has been said to be delaying the resumption of to take charge of that private mint went on a winter jaunt to the North, show that from the Federal Re- negotiations until it has an Minister of Customs White is now Britain," comments thus: — opportunity of gauging the feeling known as the Bank of England, back to take his part in the ramp "Many nations may laugh at our serve Board, through the Bank of of the Federal Parliament, which we can only feel amazed at the against the people of Australia. As State Department but all must England, and through such agents resumes on September 10. events which took place in 1929 would be expected, his first appear- tremble before our Federal Re- as Niemeyer and "Gregory" and —Melbourne "Sun," August 4. and the way in which those events ance was before the Australian Sir Robert Gibson, the power and Women's National League. On serve Board. High money rates in were made to operate almost im- Monday night he told the the United States in 1929 forced dictates of international finance agree to its adoption. Professor spread to the Australian credit mediately against the people of members of that body at St. Kilda an increase in the official discount Copland had also been an inspiring that "the Federal Government will monopoly, filling the Common- practically every country. Our own rates almost at once in England, force in the University of experiences in Australia force us stand behind the primary wealth with unemployment, in- industries to see that they do not in ten European countries, in two Melbourne, and a leader of to the conclusion that, consciously security, bankruptcy and distress. thought in the community." suffer." A little later, however, he Latin-American countries, and two or otherwise. Professor Copland admitted, "while the wool people in the Far East, and in almost Sir Herbert did not tell us how know they might suffer in some PROFESSOR COPLAND AND the professor proposed to remove has been a public enemy without every case that action restricted THE BANKERS. our having suspected it. measure at the outset, they were the unrealities from American taking it very well." business and brought suffering to As one of our leading economists, economics, how his work was "not- THE PART PLAYED BY millions of foreign workers." Professor Copland should have able," in what way he had "in- THE BANKS. should be done to put our house in (Note—This includes us.) known all this. If he did not know spired" the University, or what Speaking as Prime Minister in order. To these experts, "putting To get some idea of the signi- it, then he was incompetent as an kind of "thought" he led. That, the House of Representatives in our house in order,” meant only one ficance of these things it is neces- economist; but if he did know it, evidently, was all to be left to the 1931, Mr. Scullin informed the thing, and that was the restricting sary to bear in mind that Montagu then the part he played in connec- imagination. One thing is certain, people of Australia as follows: — of everything so that the physical Norman, since his appointment tion with the Premiers' Plan was however, and that one thing is that "Recently there came a very sud- facts would be brought into line as Governor of the Bank of Eng- nothing short of throwing millions the guest of honour always dodged den drop in the price of exportable with a fictitious shortage of finan- land in 1920, has spent a great deal of his fellow Australians to the any public discussion of the origin, commodities, together with a com- cial symbols. They gave no thought of his time in New York consult- wolves of finance behind his de- function, and control of money. plete cessation of borrowing over- at all to the much more sensible ing the Federal Reserve Board, of ceitful smoke screen of orthodoxy. "MISUNDERSTOOD." seas, and these two factors course of requiring the financial which, until his death recently, In formulating this outrageous have greatly aggravated the finan- symbols to be brought into line with In replying to the toast, the Pro- cial and economic depression. The the physical facts. Men holding fessor unburdened himself as fol- Government has endeavoured, dur- lows: — the latter view were of course-not ing the last year or two, to arrest "experts," and consequently selec- "The Premiers' Plan had been the deflation, which has been going very much misunderstood. Both tion of the personnel of the com- on. We have endeavoured to mittee was confined to those who sides of the controversy had laid prevail upon the banks to extend emphasis on the orthodox elements could be depended upon not to ex- credit in order that unemployment pose the swindle by which the pri- of the Plan, although its unortho- might be arrested. Failing to ob- dox principles were the really dis- vate money monopoly exercised tain bank credit, part of the plan complete control over the life of tinguishing features. The ortho- was to pass a Fiduciary Notes Bill dox portions were only smoke the nation. Both of the professors to assist the wheat farmers and the mentioned showed themselves ready screens for the things that were unemployed, but that measure was really done under the Plan. Those rejected in another place." to defend and support the swindle as things included a depreciation of Only a few weeks ago, banking good lackeys were expected to be, the currency the heavy and sub- witnesses before the Monetary and quickly secured prominent stantial reduction of interest, the Commission admitted that the places among the "experts." In Conversion Loan of August 1931, banks did act in concert as early addition to this, they both did a which had exceeded expectations, as 1928 to reduce the amount of lot of public writing and speaking and the definite inflation, which financial credit available to the as part of the plot to keep the took place in 1930 until the middle community, and on June 21 of that people as a body in a state of mes- of 1932. It was a tragedy that selfsame year the Melbourne Sun merism about finance, and to make wages and salaries had to be re- published the following: — them amenable to the pills pre- duced." "The forecast that the present scribed by the pirating pretenders Will you kindly read both utter- mild depression will be followed who had unscrupulously usurped ances again? Do they not strongly by a period of recovery, probably the community's credit, and who suggest that Professor Copland developing into active and even were cruelly curtailing the purchas- could have smote the knight for boom conditions, is made by Pro- ing power which alone could give his bungling reference to an episode fessor D. B. Copland, Dean of the access to relief from poverty and he was so piously hoping would Faculty of Commerce at the Mel- distress. They served their em- be forgotten? bourne University." ployers well, but at what a price! We can leave Professor Giblin out Please also note that while mone- of the discussion altogether for the THE THREE STEPS You can see from the foregoing tary reformers are denounced for time being, as we propose a little their unorthodoxy, this great pro- later on to review the part he that the depression really consisted fessor now publicly declares that played with special reference to of a series of three moves, as fol- that series of articles he wrote for lows: — the "orthodox" principles of the the Melbourne Herald in 1931 in 1st.—A fall in prices (sudden); Plan were but a smoke screen to the form of "Letters to John 2nd. —A refusal of further finan- cover the much more beneficent Smith" apparently as part of the cial accommodation in London features of an unorthodox type! scheme of persuasion! We are (sudden); ORTHODOX ADMISSIONS. concerned at the moment to find 3rd.—A curtailment of financial Now, regarding the very sudden out whether Professor Copland credit in Australia (at first “mild,” drop in prices we place on record did in fact do “notable work for but then suddenly serious.) the fact that at the annual meeting of Australia.” If his work was Each of these was a piece of shareholders in the Midland Bank, notable, then we say it was deliberate financial manipulation to London, in 1928, the chairman notable only because it was serve the interests of the money declared that “… the American price against Australia. His actions in controllers—the first ruined the level is controlled by the policy of that memorable period benefited primary producers; the second the reserve banks in expanding or only the financial interests, embarrassed the Government; and contracting credit”; and also the which have always held us in the third placed the business people statement of Professor Cassel, AUGUST 7, 1936. THE NEW TIMES Page Seven.

frankly that had the necessary plan he worked hand in glove with LETTERS TO the bankers, who as a matter of fact legislation been passed and the WOMEN AND THE CHURCH should have had no place at all in Government been able fully to THE EDITOR the conferences. Not only were operate its financial proposals, there they there, however, but they were would have been no need to attack By LEONORA POLKINGHORNE. WHO WILL DO THE DIRTY pensions or the basic wage." represented by the heads of the If all the women suddenly declared WORK? supposedly Australian banks which But Professor Copland, although the churches "black," what would women must endure that there may Apropos the question of who, are controlled from London (the he must have known that Austra- become of organised religion? be some justification for this say- under Social Credit, would be pre- three banks thus controlled are the lia's greatest difficulty was a Surely it would cease to function. ing, for even in Russia, a country pared to do the dirty work, the E.S. & A., the Union and the shortage of Australian money—the The proportion of male attendants that was determined to get rid of press reports that Philip Hargrave, Australasia, some of whose Lon- only kind of money that can be at services, already small enough, anodynes and to substitute con- the celebrated boy pianist, is aban- don directors are also directors of used in Australia—actually helped would dwindle still more without structive effort, many women cling doning his highly paid occupation the Bank of England!). The the private bankers to increase the the constant drive of the woman in still to the faith that Russian men to become a doctor. There are whole purpose of this "plan" was difficulty by further limiting the the home, and the offertories become have forsworn. very few jobs in the community to bring government expenditure quantity of money in circulation. so depleted as to make it All this would seem to assume entailing more unpleasant duties or down to a greatly reduced financial That was bad enough in all con- impossible to carry on. Then, of that religion is mere sentimental- more irregular hours than those of figure, the latter having been science, but what are we to say of course, there are the innumerable ism and that it would be far better the doctor and the nurse. The pre- brought about by the deliberate ac- his hypocritical lament at this stage money-procuring activities for to throw it overboard and get on paratory training for both profes- tions of the people with whose re- "it was a tragedy that wages and which women are solely with the job. And that, of course, sions is such as virtually to limit presentatives Professor Copland salaries had to be reduced”? They responsible—fetes, bridge parties, would be quite a wrong conclusion them to the children of compara- had so closely allied himself. At did NOT have to be reduced, and, as dances, jumble sales and many for if religion means anything it tively wealthy parents, yet when a time when the people were suf- the Treasurer so clearly showed, others. It is difficult to imagine means a burning faith in human do we hear of a shortage of fering acutely from shortage of those who brought the reduction man left to continue this branch of nature, a strong recognition of the recruits? money tickets, called purchasing about should be charged with the church work. Under these cir- fatherhood of God and the brother- "CANCER." power, he actually took a leading perpetration of a serious crime cumstances one would think that hood and sisterhood of men and part in intensifying the shortage. against the nation. Moreover, what woman had a special place of women. There was nothing wrong Listen to what the Treasurer said was the purpose of Professor honour in the churches; but is it so? with the preacher's statement that THE PAULINE DOCTRINE in the Federal Parliament when the Copland's subsequent interview No doubt hundreds of them sat we need to keep the fire of love If Mr. Bruce H. Brown had con- "Financial Emergency" legislation with Montagu Norman? (This meekly while John Knox thundered alight in our hearts; where he sulted the Greek text of St. Paul's was under discussion: — will be mentioned again.) about "the monstrous regimen of failed was in letting it be imagined remarks—and if the Labor politi- "The economic position brought women" and generally gave them that the problem was a small per- cians would do likewise—he, and Financial policy was therefore to understand their comparative in- about by the world-wide depression the explanation of the disgraceful they, would spare themselves much significance in the scheme of crea- affects Australia as intensely as any events of recent years, and there is PUT THIS BY FOR FUTURE space in argument. For what the tion. But we need not go back so other country. The 'value' of our no longer the slightest doubt that REFERENCE. Apostle says is, "If any man is un- exportable products has declined by far. A very few years ago, a willing to work, neither let him farmers are suffering from the ef- country parish sent a woman "The invention of fiendish over sixty million pounds a year. fects of lowered prices, pensioners cruelties is now an important part eat." People who are familiar with representative to the Angli- The 'stoppage' of the flow of loan from reduced pensions, public ser- in the duties of war the effects of labour-saving mach- money, which was cut off suddenly vants from heavy salary cuts, busi- can Synod in Adelaide. She was propagandist." inery know very well that willing- in 1929, deprived the nation of ness men from loss of trade, indus- chosen by the men and women of —Melbourne "Herald" editorial, ness to work is having less and less that church as the best person to July 30. thirty millions a year. In these trialists from the loss of wages, to do with the matter. In any represent it, but was denied ad- two ways alone the national income and the unemployed from both event, it can be induced, where it has been reduced by more than mission, and had the humiliation of is lacking, by offering sufficient physical and mental distress wholly returning bearing that refusal to sonal one, and not a call to arms ninety million pounds a year. Con- because of the actions of inter- for the sake of humanity as a wages and tolerable working con- currently, the monetary policy pur- those who bad sent her. (In jus- ditions. national financiers aided by the tice, it was not the Bishop of the whole. Religion should not be sued by the banks allowed the col- banking system of Australia and used as an anodyne for an indi- ROY HEAD. lapse of prices overseas to be re- diocese who took that attitude, see- The Rectory, certain of our inspiring econo- ing that, in the face of the dis- vidual heartache, but as a sub- flected immediately in the Austra- mists. The circumstances brought merging of individual troubles in Barcaldine, Q. lian prices, and in my opinion that approval of most orthodox church- about by those actions have been men, he invited Dr. Maude Royden a great passion and pity for the LEAVE DETAILS TO policy was woefully mistaken. It responsible for increasing the num- troubles of the whole world. Mere brought about a too sudden diminu- ber of bankruptcies, suicides and to the Cathedral pulpit.) Why do TECHNICIANS. women submit to these insults, you emotion without brains and resolu- tion of values, and too great a dis- domestic tragedies. When advocates for the abolition ask? Partly because they look be- tion evaporates in pious wishes, and ruption of the relationship between accomplishes nothing but the intel- of slums speak or write, they are not the creditor and debtor classes, and By introducing the Financial yond these men to a higher ideal, asked any questions as to their Emergency legislation to give ef- but mostly, I fear, because this lectual decadence of the emotional caused such chaos that the primary debauchee. knowledge of building construction. producers have been almost ruined . fect to this so-called Premiers' particular class of women has All they are expected to do is to . .. The Commonwealth Govern- Plan, the Governments of Austra- taken too literally in early youth What women need to fear more rouse public opinion as to the ment has given earnest and con- lia admitted to the world that they Kingsley's advice. "Be good, sweet than anything is the danger of over- necessity for slum abolition, leaving stant consideration to the problem were helpless in the hands of the maid, and let who will be clever." sentimentalism. Few things are details and methods to architects of meeting equitably this loss of private monopoly controlling If all the good people were more disastrous to the progress of and builders. national income. It propounded a finance, and that they had neither clever, and all the clever people the world. Sentiment—yes, strong, So should it be with the advo- financial policy, involving an al- the sense nor the will to break free good, what a number of excellent sound sentiment is always needed, cates of Social Credit, but, instead, teration of monetary policy, to ef- from such clutches. Professor things could be done for the world! but let it never degenerate into the we find that invariably some in the fect the liberation of credit and Copland's actions were calculated The verse would really run thus: other thing. Sentimentalism can audience expect Social Credit ad- the utilisation of the credit-creat- to tighten the clutches instead of Be good, sweet maid, but also, and does turn aside the course of vocates to be bookkeepers, account- ing sources, in order to counteract loosening them, and any man who mind, be clever, justice, as is often shown in the ants and banking technicians, and the effect upon the local prices of acts in that way against his own Else noble deeds are lost in decisions of juries—and exclusive- Social Credit advocates fall into the sudden collapse of the markets country cannot blame his fellow psalm and song, ly male juries at that. the error of attempting to fulfill overseas. But the Government was countrymen if they look upon him For life is death without that fine With regard to the Church, then, that expectancy. This is a mistake. unable to carry that policy into either as a hopelessly incompetent endeavour and women's relation to it, I would We should avoid argument as to effect." adviser or a.... In this respect, one By which we use our brains to suggest that they use their un- detailed methods and concentrate of the other economists has since right the wrong. doubted power there to insist that on showing where the cause of Mr. Beasley asked: "Who stop- apparently become conscience- the Church wakes up to its job of ped it?" So you will see that of all social ills lies and demand its aboli- stricken, and has given us a little women, the hardest to rouse on doing something for suffering and tion. We may know the class of The Treasurer replied: "It was insight into how the swindle was things like Social Credit are those exploited humanity. Let them say, house we want and yet have no resisted by the banks, and the legis- worked. That will be referred to who are given to pious works. For "All this singing and praying is expert knowledge of banking. lation which would have overcome next week. religion makes little appeal in these very good and helpful if there is So all together—away with a portion of that resistance was re- something behind it, but we are (To be continued.) days to anything but the emotional, poverty and down with the cause, jected by the Senate. . . . I say as anyone can judge by listening-in getting a bit tired of platitudinous the Bankers Combine. to Sunday sermons. Only last utterances from pulpits, and if you G. REDFERN. Sunday, a rousing voice from a have nothing better to offer for TAXATION prominent Methodist pulpit seemed the world's situation today, well, to be striking the right note when we're out of it, and resolved to (A SIGN OF SERVITUDE) he denounced the war-mongers, the place our talents and energies at Hear John Hogan armament makers, the economic the disposal of some organisation that is prepared to make some prac- at mess in which the world found it- Pleasant Sunday Afternoon and self today, the shocking condition tical use of them." It seems to me of the poor, the wickedness of that this is the only way in which IVANHOE HALL, sabotaging food; so that when he women can be a real power for Sunday Afternoon, August 9, NATIONAL INSURANCE at last said, "And what is the good in the Church today. Other- at 2.45. wise, they are mere pew-occupiers Chairman: DR. JOHN DALE. (A MESMERISM BY SYMBOLS) remedy for all this?" one listened with considerable interest. But and contributors to the collection- one heard this: "Is it not that we plate. In response to many requests by readers of the "New urge the message of love on human Times," the series of articles on taxation and national in- hearts?" Which, of course, left surance, recently contributed to our columns by Mr. Bruce H. the whole thing just where it was, "CAN GIFT MONEY BE Brown, has now been reprinted as a 72-page brochure. and, for all the good done, that gentleman might as well have CANCELLED?" No student of economics or monetary reform, no person stayed in bed as face the wintry Few people can any longer pretend that, except by such devices opposed to our ever increasing load of taxation, no one who elements to give his "message." wishes to understand what national insurance really implies, as increasing the national debt, any community is able to buy the For the people who listened to him whole of what it produces. should fail to secure a copy of this frank and complete exposure were already for the most part by a master of the subjects. Hence those whose interest it is to oppose monetary reform are quite willing to love one another, now contending that, if new money be issued by governments to You will find "Taxation And National Insurance" direct, to banish war and social inequalities make up the shortage, this must continue mounting up until it causes simple and convincing. (for it was a poor quarter), and extreme inflation. they simply acquiesced and went "Can Gift Money Be Cancelled?" deals with this assertion. It home to dinner—that is, those that explains why, where and how new money must be issued, and how it Price, 1/-; posted, 1/1 had any. Of course, if a few bank may also be withdrawn as goods are sold, so that the money supply directors, newspaper proprietors, will always be kept in proper relation with the supply of goods for Available from— munition interests and sale. representatives of monopolistic Price 3d; posted 4d commercial concerns had made Order your copy from— NEW TIMES PTY. LTD. part of the congregation, it might have been different. NEW TIMES PTY. LTD. ELIZABETH HOUSE (BOX 1226, G.P.O.) EMOTIONAL PIETY Box 1226, G.P.O. It has been said that religion is MELBOURNE just an anodyne for heartache, and MELBOURNE there are so many heartaches that Page Eight. THE NEW TIMES AUGUST 7, 1936.

John Hogan's Remarkable midnight, with a most approving John's initial Tasmanian Cam- Queensland crowd. The effect on the mem- paign: Gippsland Tour ber, who had never seen so many August 16. - - Pleasant Sunday Douglas Credit at a public meeting here before, Afternoon, Launceston. Evening: nor heard such unanimous ap- Broadcast, 7LA. plause, may be imagined, and a Party Notes Exceeding the most optimistic day, and a great crowd of nearly August 17.—Launceston Rally, Last Saturday evening a very little definite Election Campaign Mechanics' Hall. expectations, and indicating a 250 rewarded the energetic pre- activity, which will now be com- successful dance and social was splendid wave of interest and en- paration of Mr. Jack Haycox and August 18.—Derby. held by the Metropolitan Divi- menced in most of the centres August 19.—Scottsdale. thusiasm, John Hogan's return his colleagues at Maffra that John has opened up, will put him sional Council. A considerable tour through Gippsland estab- night. The foundations of a pro- August 20.—Campbelltown. number were present, and everyone and his colleagues into a position August 21.—Langford. lished many records for numbers gressive branch were laid, the where they can go ahead with thoroughly enjoyed themselves. and enthusiasm in the towns chairman, Cr. Ashton, indicating August 22.—Sheffield. Several solos were kindly security. August 23.—Mole Creek. visited, and without the heat of his intention of joining up right John left for Melbourne imme- delivered by members of the electioneering to attract large away. This trip has been remark- diately afterwards, after taking August 24.—Latrobe. Party, and these were greatly ap- audiences tallied 2400 at meet- able for the assistance and sup- leave of the central Gippsland en- August 25.—Devonport. preciated. ings, as well as two radio audi- port received from shire and thusiasts, who will carry on. Not August 26.—Burnie. The Secretary of the Hughenden ences, in less than a fortnight. borough councillors throughout, least among these are the Yal- August 27.—Ulverstone. branch of the Party reports that The country press responded well representing the best and most lourn members, and not least August 28.—Leave for Hobart great efforts are being made by to this popular feeling, and glow- responsible elements in the com- among them is Bob Morton, an and Southern tour. the local members to ing headlines in many journals munity. On next day through organising secretary and a half! The arrangements in the South will thoroughly organise the sur- took the spirit of reform to thou- Heyfield, Rosedale, Traralgon, Backed by many less prominent be in the hands of the organisation rounding district. A great amount sands more. Morwell and Yallourn to Moe, pioneers and a couple of hundred there, and communications may be of literature has been distributed, After Traralgon, profitable "finishing off" each town en route, members, plus initiative and a addressed c/o Mr. G. S. and so far the results have been hours at Sale on Saturday after- urging all supporters to continued personality that somehow gets Carruthers, M.H.A., Hobart. satisfactory. noon preceded a half-hour's action and, if possible, attendance the others to work—and to pay— broadcast over Station 3TR. In at the August 8th Convention. his assistance was of great value In the country centres great the evening, a short address and A wild night at Moe threatened to the State Organising Secre- Douglas Credit progress is being made. Mr. G. general discussion organised by the first unsatisfactory meeting, tary, Mr. G. R. Trenoweth, and the Sale Debating Club was re- but interest in the young crusa- to John on this trip especially. ported by the Gippsland "Times" der's message was stronger than Movement "SATISFACTORY PROGRESS." the elements, and a record crowd BERWICK SUCCESSFUL. The temporary agreement with as "not only giving those present Belgium expires on Saturday, an opportunity of hearing an ac- of nearly 150 again attended. A Returning to Berwick on Monday (Victorian Notes) but to facilitate the conclusion of pioneer of the movement, Mr. J. night, while Mr. L. H. Hollins present negotiations for a long- complished speaker with a na- Country districts are eagerly tional reputation under crossfire Burrage, jun., presided, and once took the meeting at Bachus Marsh, term treaty the existing again Bob Morton and the "Yal- clamouring for information of So- agreement may be extended. from the more courageous of lo- for which he had also been It is not expected that lourn boys" came along to help in booked, a large and enthusiastic cial Credit. The young crusader, cal champions, but also served to John Hogan, stimulates interest finality will be reached this bring out many of the more ob- the various ways that ensure the audience again greeted him, and year for a trade treaty with scure points, especially in regard polished organisation of a meet- gave Messrs. White and Turner wherever he goes, and country peo- Germany, but satisfactory ing. a definite basis for the ple are realising that Social Credit progress is being made with to money." offers them a reasonable solution France, Poland and Czecho- John spent the night at Maffra commencement of Electoral slovakia. TOWN BAND AT MORWELL Campaign activity. The Rev. of their problems. with Mr. Jack Haycox, who ac- —Melbourne "Sun," July 29. companied him to Bairnsdale next The energetic and resourceful Collins presided over a crowd of The Yarrawonga branch of the morning, where he was welcomed Yallourn organising secretary 120, and the vote of thanks was United Country Party recently or- at the High School, for technical was once more to the forefront at moved by Rev. Forbes Ewan. In- ganised a meeting in the Shire Hall, H. Nichols and the State Secre- discussion, by a group of the Morwell the following night, cidentally, this meeting responded and were addressed by the Rev. J. tary, Mr. G. H. Gray, have been more prominent of those locally and again in spite of bad weather particularly well to the financial ap- T. Lawton on "The Nature of the making a combined tour. So far interested since his last visit. An conditions a record crowd, in- peal. Present Breakdown." Mr. Lawton this has been one of the most excellent audience of about 150, cluding many whose shift had METROPOLITAN. was accompanied by the State Or- successful tours ever conducted in widely representative, gathered prevented attendance at other ganising Secretary, Mr. G. R. Queensland, many branches have meetings in the Yallourn district, WILLIAMSTOWN OPENS Trenoweth, and the trip occupied at the Masonic Hall for the Plea- CAMPAIGN. been formed, and members ob- sant Sunday Afternoon address, followed the town band to the two full days. Calls were made tained. The details of this wonder- the small local committee, whose hall. Cr. White presided, and Opening the Electoral Cam- both going and coming on Social ful achievement will be made president is Dr. Fraser, being two other councillors were pro- paign at Williamstown on Sun- Crediters at Nathalia, Echuca, known in our next report. greatly strengthened by this minent during the particularly day afternoon, a great crowd of Rochester and Bendigo. The meet- nearly 500 turned up to the P.S.A. The Study Class, which meets success in a hitherto dubious, but interesting and informative ques- ing at Yarrawonga was most suc- each Tuesday night at H.Q., is very important centre. Cr. Heath tion time. organised by the Williamstown cessful. The president of the local branch and supporters, and pre- still going on well. In the ab- presided, and Cr. Murphy moved U.C.P, branch, Mr. A. E. sence of Mr. Gray it has been the vote of thanks. On then to ANOTHER RECORD AT sided over by popular Dr. John McPherson, presided. Mr. Lawton TRAFALGAR Dale, Melbourne City Health taken by Mr. Sawtell, who placed Orbost, and a warm meeting in enjoined the audience to study the many aspects of Social Credit in the theatre, with the Shire Pre- Two of the Cranwells from Officer. Cr. Gordon moved the present financial system, as ''things" Hazelwood accompanied John vote of thanks to John Hogan for a manner easily understood. sident in the chair. Unavoidable do not right themselves, but have to Quite a lot is gained from these delay next morning spoilt a next day back through Morwell, a particularly stirring address, be put right. He explained how and up the range to Mirboo which will undoubtedly succeed classes, and those who attend are surprise gathering at Lakes En- money had become the master of undoubtedly getting a thorough trance, but with Crs. Broome North for organising purposes. in enrolling ample help to carry man, and was the cause of the present In the afternoon, met by Mr. W. on the Campaign in this area, knowledge of the Douglas Credit and Morkham lending interest breakdown. At the conclusion of proposals. here, a strong meeting will even- Hochkin at Thorpdale, he ad- and to the visiting artists. his address Mr. Trenoweth tuate on a later occasion, and the dressed a crowd of about 150 far- On Tuesday John returned to emphasised this. The interest of the generous publicity accorded by mers at the sale yards, and was the Ordnance Works at lunch audience was proven by the rush to THE— the Bairnsdale "Advertiser" and well received, many undoubtedly hour to meet the barrage of ques- helping to swell the Trafalgar buy literature, and the complete stock "Queensland ''Every Week" has done good tions arising out of his earlier ad- carried was sold out. The work in the district. Final or- crowd at night. Father Gavan, dress, accompanied by Mr. A. Social Credit News" Mr. J. Spehr and others had done Greig, and the final applause was farmers and businessmen of ganising at Bairnsdale was splendid work at Trafalgar since evidence that this body of men Yarrawonga are becoming Edited by HALL THOMPSON. rushed, and the 50 miles to Sale enthusiastic, and an active group covered in time to commence a John's first visit, and the initial are in behind. A hard-hitting Douglas crowd of 30 had accordingly will be formed there. further broadcast over 3TR im- JOHN HOGAN'S On Monday last Mr. L. Hollins Paper--just a little different. 2d swelled to nearly 250, a record monthly. Post free, 2/6 for 12 mediately prior to the public again for a town where 50 is a PROGRAMME travelled to Bacchus Marsh to ad- meeting at the Institute, presided Friday, August 7.—PRAHRAN dress a meeting organised by local issues, from— over by the Mayor, Cr. Cooper. good audience to hear any public speaker or politician. The town TOWN HALL RALLY, 8.30 enthusiasts. The Mechanics' Hall INTERNATIONAL PUBLISHING The broadcast was widely effec- p.m. was well filled, and keen attention- band rendered items until after COY., tive, and for the first visit an the business houses had closed Saturday, August 8.—STATE was paid to the speaker. At the excellent crowd, again of about CONFERENCE, Nicholas conclusion of the meeting new 161 Queen Street, Brisbane, Qld.; 150, packed the hall at Sale, and and the last of the audience had come in. Mr. Moncur, M.L.A. Building, Swanston St., 2 p.m. members were received, and Bac- or order from your local newsagent responded to his address with Sunday, chus Marsh will shortly have a in all the States and New keenly interested questions. for the electorate, presided, and was accompanied on the platform August 9. —CONFERENCE branch of the Movement well Zealand. 250 AT MAFFRA. by the Shire President, council- RALLY, IVANHOE THEATRE, established. Press reports, correspondence, lors, and representatives of the P.S.A., 2.30 p.m. interviews and a run over the Social Credit organisations from Monday, August 10. — KEW Maffra Factory occupied Tues- various centres until well after RALLY, RECREATION SECOND EDITION HALL, 8 p.m. Thursday, August 13. —Address on Tariff Policy and Social Credit TO OUR READERS— to public meeting at St. John's You may obtain your copy of "THE NEW TIMES" from any Hall, Wagga (N.S.W.). Saturday, authorised newsagent. Should your agent not have supplies, please August 15. —Leave for The Story of Money Launceston, Tasmania. John ask him to communicate direct with New Times Pty. Ltd., Box expects to return from Tasmania 1226, G.P.O., Melbourne, C.1. 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Why do banks pay interest? Why are we short of money? Please forward me "The New Times" for...... convenient rotation, return tours These and numerous other things you need to know about money are months, beginning with issue dated ...... , 193…. through Western Districts and simply and fully explained. (final) Gippsland remaining centres; Give "The Story of Money" to your friend and you will have no cheque Goulburn Valley; Wimmera and difficulty in making him understand Social Credit. I encloses postal note for the sum of...... Mallee; Riverina. money order TASMANIAN ITINERARY Mr. W. W. Drake of Ravenswood, c/o 64 Pages—1/-; Posted 1/1 Name ...... Mowbray P.O. Launceston, to whom relevant correspondence should be Obtainable from Address………………………………………….. addressed, reports that the following programme has been arranged for NEW TIMES PTY LTD. Date………………………….. Box 1226, G.P.O. Melbourne The subscription rate to THE NEW TIMES is 15/- for 12 months; 7/6 Printed by H. E. 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