TWO-YEAR PLAN.

Auckland Star, Volume LXVI, Issue 250, 22 October 1935, Page 7

TWO-YEAR PLAN.

Lloyd George's Prosperity Loan Of £240,000,000. SWEEPING REFORMS. (Received 11 a.m.) LONDON, October 21. The flotation of a prosperity loan of £240,000,000 for a two years' development programme, is proposed in a pamphlet issued by Mr. Lloyd George's Council of Action. It points out that the interest and amortisation of the loan would absorb £9,000,000 a year, compared with £110,000,000 a year for maintaining unemployed. The pamphlet also suggests a central planning board to deal with housing and industry, with regional planning commissions dealing with housing, roads, reconstruction of docks and extension of public utilities. It urges efforts to revive freedom of trade in which the principle of reciprocity should apply equally to the Empire and foreigners; nationalisation of mining royalties; a central authority for the cotton, iron, shipbuilding and shipping industries. The Bank of England should become a public institution instead of a seifperpetuating oligarchy, while private banks should accept limitation of profits and a measure of regulation, facilitating co-operation with the national policy in relation to the direction of credit.

BRITISH ELECTION. NOVEMBER 14 POLLING DAY. British Official Wireless. (Received 12 noon.) RUGBY, October 21. Both Houses of Parliament will reassemble to-morrow and the final sitting of the present Parliament will take place on Friday, when it will be dissolved. The next sitting is November 4. The general election will take place on November 14. With a few exceptions the results of all the contests will be known by the evening of November 15.

STAND FOR PARLIAMENT.

DEATH PENALTY CAMPAIGNER. (Rcccivcd 1.30 p.m.) LONDON, October 21. Mrs. Van der Elst, widow of a wealthy New Zealander, who has made herself conspicuous of late by conducting an extensive campaign against capital punishment at every execution, announces that she will contest the seat of Putney at the forthcoming general election as an Independent Conservative, and will carry on her crusade in Parliament.

IMPORTANT DEBATE.

BRITISH HOUSE OF COMMONS

(Received 12.30 p.m.)

RUGBY, October 21

An important speech on the inters national situation by Sir Samuel Hoare, Foreign Secretary, in the House of Commons is eagerly awaited. Sir Samuel will be followed by the new leader of the Labour Opposition, Major Attlee, and the Liberal Leader, Sir Herbert Samuel, in the subsequent debate, which is expected to last three days.

It is anticipated that Sir Austen Chamberlain, Mr. Winston Churchill and Mr. L. S. Amery .will take part, and other Government speakers may include Mr. Baldwin, Sir John Simon, Mr. Neville Chamberlain and s Mr. Anthony Eden.