AUSTRALIA'S FINANCE.

Auckland Star, Volume LXII, Issue 15, 19 January 1931, Page 6

AUSTRALIA'S FINANCE.

Some London newspapers are apparently, still afraid that Mr. Scullin has left a loophole for the possibility of inflation. This may perhaps be explained by the Prime Minister's suggestion of a temporary loan to meet immediate administrative requirements, which Mr. Bavin seems to have interpreted as a concession to the inflationists. However, Mr. Scullin has reiterated with emphasis the declaration that he made at Ashfleld against inflation, and he has specifically pledged himself not to attempt paying for public works with depreciated paper. All this is satisfactory enough, and Mr. Scullin's intentions have received confirmation and support from an unexpected quarter. Mr. Theodore, who has hitherto opposed the control of the currency by the banks, has now also declared against inflation and has ranged himself on Mr. Scullin's side against the "left wingers." This is good news, for if Mr. Theodore also sets his face against inflation and stands his Australia will be safe at least for the time from the worst danger that could possibly .threaten it, in such a crisis as this.