WILL SUCCEED.

Auckland Star, Volume LXX, Issue 31, 7 February 1939, Page 11

WILL SUCCEED.

GOVERNMENT'S PLAN. CONTROL OF CREDIT. PREDICTION BY VISITOR. (By Telegraph.—Fres» Association.) IXVERCARGILL, this day. The opinion that the Government's policy of controlling credit ie fully justified, and that it will succeed, was expressed by the Hon. Edmund DwyerGray, deputy-Premier of Tasmania, who is returning to Melbourne by the Maunganui. In an interview he advanced the opinion that alreadv the Dominion was relatively a workers' paradise and would become increasingly so. The Labour party, lie said, would govern the country for a generation or more. "The present 'financial crisis' in Xew Zealand, which resulted in the adoption of the system of licensing import* and exports early last December, will, I think, be successfully overcome," continued Mr. Dwyer-Gray. "Further, only New Zen land's importers, and by no mean* all of them, the Xew Zealand daily Press, which is prejudiced and entirely and unreasonably anto-Labour, and the satellites of orthodox finance in London, Australia and Xew Zealand are putting up any sort of protest. "It might be that the purchasing power of the country has increased a little too rapidly, with the result that when the people had emptied all the stores of the Dominion of locallymanufactured goods, imports became unduly stimulated. However, it cannot be denied that the depletion of Xew Zealand's reserve funds in London, accompanied by adverse changes in the Dominion'* overseas balance of trade, forced the Government to adopt strong means of cure.

"Tlio New Zealand Government's policy is fully justified, and it will succeed," maintained Mr. Dwyer-Gray. "Others who are gloomily predicting big increases in costs of production, and in the cost of living, are entirely forgetful of the fact that Parliament has already enacted legislation which will enable the Government to control prices and prevent profiteering.

"The Government makes .no secret of the fact that it* present policy is in-1 tended to protect and raise the standard of living of the people of the Dominion, which to-day is probably the highest in the world. Already the country is relatively a workers' paradise," he said. "It will become increasingly so, and the Labour party will undoubtedly rule this Dominion for a generation or more. In my opinion, the Labour movement in New Zealand is destined to achieve one of the most complete'triumphs in the story of man by making a real success of democracy for the first time in history. Nothing but a destroying war can prevent it."