N.S.W. ELECTION.

Auckland Star, Volume LXI, Issue 227, 25 September 1930, Page 7

N.S.W. ELECTION.

HUGHES , POLICY.

Australian Party to Resist

Wages Cut.

"COUNTRY QUITE SOLVENT."

(United P.A.—Electric Telegraph—Copyright)

(Eeceived 9.30 a.m.)

SYDNEY, this day.

Mr. W. M. Hughes, M.P., as leader of the small political group styled the Australian party, whose candidates at the forthcoming State elections will number about a dozen, outlined Ills policy last night. All references to Sir Otto Niemeyer's mission were satirical. He denied that wages in Australia were too high and declared that these were fixed by arbitration according to the price levels.

The Australian party, he said, would resist any attempt to reduce the standard of living and would also see to it that the rights of both capital and labour were adequately protected.

He contended that Australia was as solvent to-day as ever, as proof of which he disclosed that all the bank balancesheets showed credit which should be mobilised in order to assist private enterprise. The overdraft rate should be 6* per cent, which would stimulate industry. Taxation should substantially be reduced,..and business and company management called for thorough reorganisation.

The Australian party would abolish all Legislative Councils, greatly _ reduce the membership of Legislative Assemblies and abolish State Governors.