UNANIMOUS.

Auckland Star, Volume LXIII, Issue 282, 28 November 1932, Page 7

UNANIMOUS.

CABINET SYMPATHY. SOUND REMEDY WANTED. PRIME MINISTER'S COMMENT. (By Telegraph.—Parliamentary Reporter.) WELLINGTON, this day. "Wo are deeply impressed with the plight of the farmer and Cabinet is unanimously sympathetic to him, but we want to bo sure that we have something more than a palliative. We are seeking a sound -remedy, and there is one other thing we have to find—the money." In these words the Prime Minister summarised Cabinet's prolonged deliberations on Saturday, when some consideration was given to the offer of the Bank of New Zealand to provide a loan to enable local rating and land tax relief to be given to the primary producers, and tho refusal of the directorate to increase the exchange rates. Mr. Forbes made it clear that no decision had been reached by Cabinet as to what the next move would be. He indicated that every angle of the situation had been considered, and that not only had the alternatives of the bounty scheme and the payment of farmers' local rates and land tax been considered, but other possible methods of assisting the primary producers had been under review. Central Bank Bill. "We realise the importance of the problem, and there will be many more Cabinet meetings in the next few days," said Mr. Forbes, who added that only two subjects—the plight of the farmer and the Central Reserve Bank legislation— had been under examination at Saturday's meeting. Cabinet, said the Prime Minister, did not consider that the two questions were intertwined, but both were considered to be of major importance at the present time. "The banking legislation is now ready," he added. "There are just one or two points which we will discuss before the measure is introduced. Its presentation will be delayed until the return of Mr. Coates and Mr. Hansom from Motueka." Cabinet on Saturday had the benefit of the advice and information received in England on the central banking question by the Hon. W. Dawnie Stewart, Minister of Finance, and over three hours was devoted to the discussion, which was the first formal consultation tho Minister has had with his colleagues since his return home last Wednesday.