TO FORM POLICY.

Auckland Star, Volume LXIII, Issue 285, 1 December 1932, Page 8

TO FORM POLICY.

MINISTERS WANT TIME. COALITION'S DECISION. JUTES TO FAIX IN PRICES. The announcement "was couched in the following terms: — "The Government ■ has definite proposals ready for consideration by the House, particularly a bill dealing -with a Central Bank. It has become clear, however, that further measures dealing with the budgetary and general economic position will be necessary, and that: it ■would not Tbo possible to deal with them between now and Christmas. "The decisions of the Government have been to some extent delayed owing to the exchange controversy. In the meantime this controversy has been set on one side by the decision, of the Bank of New Zealand that it is not prepared to raise the exchange rate. At the same time the bank has Biade certain alternative proposals for assisting farmers. "These and other proposals ; affecting the general economic position "will require an amount of consideration by the Governjnent which is not possible to give while Ministers are engaged in Parliamentaryrduties. v At the same time, it is desited. io avoid' the delay which the formalities attendant on the calling of a special' session -early in the- year would entail. It has, therefore been considered advisable to,, finish off the work in hand and - adjourn the present session until January 2<?/ to enable the genera;! position to- be reviewed by the Government, and its full policy measures to be brought down when, the adjourned meeting reassembles. "This position j has .been' concurred in by members' of Parliament supporting the Government, who met in caucus this morning, and, passed the following resolution:— .. "It is : our Opinion, that Parliament should Jbe adjourned until January 26, that ] tjie Government in the interval finalise; arrangements rendered necessary owing to the further fall in prices, thereby raising national and budgetary problems, and that measures be submitted - immediately upon Parliament's reassembling.'" : , " : Not Before Next Week.? ; Late this, afternoon the decision to adjourn -the Jlpuse, as from to-morrow was revers'ed, it being arranged to take the adjournment as from next week. - The Prime" Minister's statement to the House was-greeted with, si chorus of derisive Labour shouts. .: . "Confession of failure," £aid Mr. F. W. Schramm. ~' Mr. A. S. Richards: Resign! Resign! Mr. M. J. iSayago asjced the - Prime Minister to indicate the'aptual data of adjournment. , . .• i ; •' ' Mr.'Forbes: Wlien the.hpsinqss is completed. , . . ;, i, •, • Mr. Savage: When will that be? .") Mi*. Forbes: I am making a statement-to-night. I don't think we-will be ableto finish before aexp week, Unexpected Development. "'./'. The development 'w&'s \ almost as dramatic as the associated "with the' setting lip of tie Inter-Party Committee in September,' 1931, a,nd ceritainly more unexpected. It was-known, beforehand tihat Ca/binet would seek time to consider ireJnediai measures,' jbut.it was not anticipated that so long an adjournment would 'be asked for.'" This mova disposes, in the meantime, at all events,, of*the possibility of a political cleavage, • and ■ will give the Ministry a full opportunity to consider its pressing problems from every aspect.