Social Credit-NZ

In 1986 the Social Credit Party changed its name to the Democratic Party. Many activists in the party were uneasy with the rebranding, fearing that the party would jettison the social credit monetary policies that had always been central to the party since its creation in 1953.

In July 1988 former Social Credit Party leader Bruce Beetham established Social Credit-NZ after coming to the belief that the Democratic Party was no longer a true social credit based party. Beetham and party president Alan Shaw said the new party would offer an alternative to interventionist and free-market policies by resurrecting original social credit economic ideas. At its launch the party said it intended to contest every electorate at the {{NZ election link|1990}} and already had 45 members lined up to contest electorates.{{cite news |title=Beetham Revives Socred Party |work=The New Zealand Herald |date=18 July 1988 |page=2 }} Few rated the party as having much chance of electoral success and media were quick to compare it with the New Democratic Party, a previous splinter social credit party in 1972, which quickly vanished.{{cite news |title=New Fling at Social Credit |work=The New Zealand Herald |date=19 July 1988 |page=8 }} At the 1990 election the party fielded 68 candidates and won 17,897 votes, only 0.98% of the total compared to the Democrats' 30,455 (1.67%).{{cite web|title=New Zealand Elections 1972–1993 |url=http://www.nzes.org/exec/getdata/NZ_elections_1972-93.xls |publisher=New Zealand Election Study |access-date=17 December 2011}}

In March 1991 Beetham retired from the leadership of the party. He was replaced by Martin Hine, an Auckland lawyer, who had been a Social Credit candidate in {{NZ electorate link|Auckland Central}} and {{NZ electorate link|Napier}} in {{NZ election link year|1978}} and {{NZ election link year|1981}} respectively. Beetham remained the party spokesperson on finance. Shaw also resigned as president and was replaced with Heather Maloney.{{cite news |title=New leader for party |work=The New Zealand Herald |date=19 March 1991 |page=5 }} As leader Hine attempted to conciliate with the Democrats, even going as far as to join the Democratic Party to negotiate a merger. His application for membership was treated with suspicion by the Democrats however.{{cite news |title=Green and golds turn purple |author=Holland, Michael |work=The New Zealand Herald |date=7 November 1991 |page=1 }} Hine resigned as leader after just nine months; he announced his resignation on 13 November 1991, called for reunification with the Democrats and announced he would remain a member only of the Democrats.{{cite news |title=Hine quits Social Credit Party |author=Rapson, Bevan |work=The New Zealand Herald |date=14 November 1991 |page=3 }} Beetham resumed the leadership of the party which continued on as more of pressure group organisation dedicated to furthering Social Credit monetary aims and financial principles.{{cite news |title= Bruce Beetham a great loss to community |date=5 May 1997 |work=The Evening Standard |page=1 |first=John |last=Saunders }}

Eventually the remaining members of the party ended up as part of a supposedly centrist party known as the New Zealand Coalition after joining together with the remnants of the New Zealand Party and the United NZ Party.{{cite news |title=Three parties join forces |work=The New Zealand Herald |date=22 January 1993 |page=5 }}

In 2018 the Democratic Party changed its name back to the Social Credit Party.{{cite web|date=17 June 2018|title=Party Changes Name and Elects New Leader|url=http://www.scoop.co.nz/stories/PO1806/S00188/party-changes-name-and-elects-new-leader.htm|access-date=10 July 2018|publisher=Democrats for Social Credit}}

The party also fielded a candidate at the 1992 Tamaki by-election, Colin Maloney, who won 34 votes (0.2%).{{citation|mode=cs1|title=Voting Statistics for the Electoral Referendum Held on 19 September 1992, The Tamaki By-Election Held on 15 February 1992|publisher=Electoral Commission (New Zealand)}} After the 1993 merger, a social crediter, Kieron Daok, was the New Zealand Coalition candidate in the 1994 Selwyn by-election. Daok finished 10th out of 11 candidates with 10 votes (or 0.05% of the vote).{{cite web |title=Part XIV - Selwyn By-election |url= http://www.electionresults.govt.nz/1994_selwyn_byelection/8.1%20Selwyn%20By-election.pdf |publisher=Electoral Commission |access-date=13 July 2013}}

• Social Credit Party (New Zealand)

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{{Historic New Zealand political parties}}

{{NZ Democratic Party}}

{{Social Credit}}

Category:Defunct political parties in New Zealand

Category:Social credit parties

Category:Political parties established in 1988

Category:Political parties disestablished in 1993

Category:Single-issue political parties in New Zealand