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Public Meeting On Local Govt. Interest Free Loans

INVITATION
NZ Banking Reform
PUBLIC MEETING
Monday April 30th 7.30pm

Connolly Hall, Guilford Tce (off Hill St), Thorndon, Wellington

Topic: Lower Your Rates by Dumping Debt

When faced with raising money for essential capital works like upgrading sewerage, why should Councils pay for expensive loans from overseas owned banks when our Reserve Bank can create this money interest free? Why are we paying more for our rates than we need to?

The Democratic Party has, and we understand the Alliance until recently used to have, a policy of low or zero interest rates on Reserve Bank loans for essential capital works. Is this new? No! It has been done before with great benefits to the country. In 1935 the First Labour Government created low interest loans for the building of state houses and for the Dairy Board.

This is local body election year. NZ Banking Reform says we need to restore this sane policy.

Speakers

Nathan Goodhue How money is created

Councillor Stephanie Cook, Alliance Mayoral Candidate for Wellington

Heather Smith Democratic Party representative on Alliance Council

Lowell Manning - a case study of Kapiti District Council.

This meeting is being organised by NZ Banking Reform, PO Box 19-121, Wellington. Phone Coralie Leyland 385 2229 or Deirdre Kent 972 8852 for further information.

Gateway Lobbyskills Community Currencies

Phone/fax 0064 4 972 8852 (fax only works when I am home) (025) 203 0821, 972 8851 8 Highbury Cres, Highbury, Wellington


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