OPTIMISTIC NOTE.

Auckland Star, Volume LXIII, Issue 238, 7 October 1932, Page 7

OPTIMISTIC NOTE.

Speech from Throne At Canada's Parliament Opening. RELIEVING UNEMPLOYED. (Received 10.30 a.m.) OTTAWA, October 0. Legislation to extend the Canadian bank charters for one year will bo introduced this session. This was a feature of the Speech from the Throne, lead by the Governor-General, the Earl of Beesborough, at the opening of Parliament. The Speech strikes a highly optimistic outlook 011 the economic situation, and adds: "Measures for the ratification of the made at the Imperial Economic Conference, the carrying into effect of the recommendations of the Royal Commission on Railways and Transportation, approval of the CanadaUnited States St. Lawrence Waterway Treaty upon ratification by the American Senate, and a redistribution in the House of Commons will also be presented. "Plans for the re-ostabliehment of the unemployed in various parts of the country are in preparation, to becomc operative as soon as public expenditures incident thereto can be productive of commensurate benefits. When matters of immediate attention have been considered Parliament will adjourn until early next year." On the Imperial Conference agreements the Speech said: "My Government is of opinion that these agreements provide a means by which will be developed an enduring and mutually beneficial scheme of closer economic association, and that their early approval is advisable in the national interests."

Reference was made to Canada's large wheat crop, arid touching the economic situation, the Speech said: "While the economic situation still weighs heavily upon all classes of the community, there are at last definite signs that the acuteness of the depression is passing. Ministers have been able to develop, in cooperation with the provinces and municipalities, a scheme for direct relief to be put into operation during the autumn and winter months to an extent required by the prevailing conditions."