BOOTH REPLIES.

Auckland Star, Volume LX, Issue 37, 13 February 1929, Page 7

BOOTH REPLIES.

No Desire To Destroy 190* Deed Poll. i i TEST OF ITS VALIDITY. (Australian I'ross Assn.— l'nited Service* LONDON. February I_>. In a reply to the attacks made ->:i him (tonernl Booth declares that ircliii»«* not de-ire to de-troy the l!»04 deed. Flw i> resort in , .: to the law Cmpt* only because the action under the deed now meditated, which i< without precede! , . l , necessitate* an immediate le';nl decision on the question whether the deed ivr.lid. If it is not it imi>t be altered and strengthened. be<'an-"«' the es-ential features of the deed inuM remnili .i----part of the constitution of the Salvation ArmV. THE BANK RATE. CHURCHILL IN DEFENCE. (Australian Press Assn.—United Service.l (Kec-ivml 1 p.m.i LONDON. February 12. Mr. F. W. IVthick-l-awreiice (Lab.. West Leicester) iiKjuired in the Hou.-e of Commons if prior to the iiurea>e of the bank rate representations were made to the Treasury to increase the fiduciary issue. Mr. Winston Churchill: No. The only effect of such an increase would be to stimulate the transfer of funds from Britain to New York. Mr. Pethiek-Lawreiice: Have you in mind any remedy to prevent the conn try's industry from lu-iirj at the mercy of speculato-s in a forei-n country? Mr. Churchill: No remedy e.-nid be more ill-judged than political interfr: ence in the banking s;.-tern. Replying to Comiiiauder Kfiiwoithy (Lab.. Hull) .Mr. Churchill -aid he certainly had knowledge of the intention; to increase the bank rate. | Sir K. J. Thomas (Lib.. AnjiWea): j l> it not due to a premature return to the pold standard ; , | Mr. Churchill: No. Many thin?.'?, bad and indifferent nave followed Ui.> decision, which the Hyuse a Pl ,r ' 1v0 ..„,",. vou have no ri-ht to say any partu-ul-. Inovement of the bank rate ««* d ( i that, if we w-ai^ii?'i!:;:: , the,ncrease l nthe»ank iii^r hai»pened. bnt '►" «« jtv (f IoI1(I(iM it does.