ECONOMY POLICY.

Ashburton Guardian, Volume 51, Issue 134, 19 March 1931, Page 5

ECONOMY POLICY.

AN INDEPENDENT COMMITTEE. EXPENDITURE IN BRITAIN. (United Press Association—Copyright) LONDON, March 17. The Prime Minister (Mr J. Ramsay MacDonald), in the House of Commons, announced the constitution of the Independent Committee set up in accordance with resolution of the House with the following terms of reference: “To make recommendations to the Chancellor of the Exchequer for effecting forthwith all possible reductions in the national. expenditure on supply services having regard especially .to the present prospective position of revenue.” The Prime Minister said that the Government had consulted the two other parties, who concurred. The committee would consist of a chairman and six members, two being suggested by eaeli party. When questions of policy were involved in the expeiiditufre under disdussifon, these would remain for the exclusive consideration of Cabinet, but the committee could review and indicate the effect of particular policies upon expenditure. The chairman will he Sir George May (a prominent actuary, and exsecretary -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 Ro.yden pnd Messrs Ashley Cooper, Charles Nathan and Arthur Pugh.