RETRENCHMENT

Evening Post, Volume CXI, Issue 66, 19 March 1931, Page 13

RETRENCHMENT

COMMITTEE OF THE. AXE NATIONAL EXPENDITURE (British Official Wireless.) ■ RUGBY, 17th March. The Prime Minister, Mr. Kawsay MacDonald, in the House of Commons today announced the constitution- of an independent committee set up "to make j recommendations to the Chancellor of the ■ Exchequer for effecting forthwith all possible reductions in national expejidituro on the supply services, having regard especially to the present prospective position of revenue." The Prime Minister said the Govern-] ment had consulted the other two parties, who had agreed that the committee should, consist,of a chairman and six members, two being suggested by each i party. When questions of policy were involved in expenditure under discuasion, these would remain for the exclusive consideration- of Cabinet, but the, committee could review- and indicate the effect of particular policies upon expenditure. , i The chairman will'be Sir George May, a prominent actuary, ex-secretary of the Prudential Assurance Company and a director of the British Overseas Bank, and the six members will be Lord Plender, Sir Mark Jenkinson, Sir Thomas Royden, and Messrs. Ashley Cooper, Charles Nathan, and Arthur. Pngh.l