PEOPLE'S RIGHT.

Auckland Star, Volume LXX, Issue 157, 6 July 1939, Page 5

PEOPLE'S RIGHT.

BENEFIT OF TOIL. GOVERNMENT JUSTIFIED. WHY MONEY LEFT DOMINION. (H>- Telegraph. Parliamentary Reporter.) WELLINGTON", this day. 'We net out not only not to order things we could not pay for, l>ut to build industry in New Zealand so that »i» could ha\e a bettor bain nee in our internal economy," declared Mr. Savag* , , in reply to the Opposition Lender , * eritkism. "We did not *et out to a*k people to put money into this ami have their interests torpedoed ill twelve months' time.'' Mr. Savage said lie agreed that protection might l>e applied to a given industry, and for that reason lw woul.l repeat "that their method* might change but their objective would not. for they wanted to employ more of the people and give them the benefit of their toil.

"It is true." continued Mr. Savage, "thaj, larjre sume of money have left Xew Zealand, and curiously enough tinbulk of it loft jtwt about election timo. [ wonder why five months before the election we had £25,00<>,000 in London. Mr. Hamilton: They were waiting for exchange to come down. The Prime Minister: That is too thin. Aβ we get closer to the election oversea* funds continue to disappear. I do not know whether there was anything political in that or not, but it looks dangerously like it to me. In May last there were over 2S millions and a month before the election 11 millions. Nobody can convince me that the difference was spent in goods or services. The hon. gentleman's friends packed up bag and baggage and cleared out when they saw that a Labour Government was' likely to he elected and after the election they continued to do so. These are the ultra-patriots who talk nbout defending their native land and the moment their native Innd gets into difficulties they pack up and go for their lives. Will Get Through All Right. "Oh. there are difficulties?" commented Mr. Hamilton.

The Prime Minister retorted that he did not know whether it was worth bothering about because after all we would pet through all right. Large sums left New Zealand not because of what the Government had done, but been use they were afraid after listening to the advice of the Opposition and the Tory Press. "At present they are telegraphing -tuff to London and somebody is tele■7nipiling if back as London opinion." '•oiuluded Mr. Savase. "That is an old <li>nV*» nnd when I was in London T found out the office i* came from, pennle who call themselves journalists damnimr their own country, bell, book and candle.' Previous Borrowings. In further reference to London funds. Mr. Savajre said that the Government's predecessors for 14 years had borrowed at the rate of £5.000.000 a year, "borrowed from one man to pay another." All this had to be renewed. The Government was not to blame for this, but it inherited the responsibility. It was plais that Xew Zealand couldn't pay off its debt and buy British poods in the same quantities at the same time. He reiterated that Xew Z<aland was ready to make an nrrangement with Britain at nn<-p, to spend in the United Kingdom all she received there. Speculator* and financial manipulators Mere mainly responsible for the shortage of sterling funds. If the Government was to go down, it would go down fighting for the right of the people to govern themselves. The sooner it was decided who were the real rulers, the better. (Labour hear, hears).