SEEKING ECONOMY

Press, Volume LXVII, Issue 20342, 15 September 1931, Page 9

SEEKING ECONOMY

BRITISH MUNICIPAL expenditure. A SURVEY URGED. (BHITISB OFFICIAL . YHMLEss.) (Received September 14th, 5.5 p.m.) ItUGBY, September 13. The Ministry for Health has issued a circular tg local government authorities emphasising tho importance the Government attaches to a careful study of local expenditure. Tho Government does not contemplate local authorities embarking on an ill-considered course of cutting expenditure, but suggests a detailed survey of the whole of local body expenditure with a view to deciding if full value is boiug obtained for the money spent, and whether development services cannot safely and properly be Slowed down till better times. FREETRADER FAVOURS PROTECTION. VIEWS OF LORD INCHCAPE, (Received September 14th, 5.5 p.m.) LONDON, September 13. Lord Inchcape, a life-long Freetrader, writing in the "Daily Mail," sayg ho does not hesitate, in view of the conditions under which Great Britain at present finds herself, to admit the financial expediency of a tariff for the protection of British industry and agriculture. MR MACDONALD. AMBASSADORIAL POST FORECASTED. LONDON, September 13. The "News of the World" forecasts that sfte? the immediate crisis it is very probable that Mr Ramsay MacDonald will accept the Ambassadorship tt> Washington, with special powers to deal with the war debts question. Mr Neville Chamberlain, addressing a Conservative meeting at Dumfries last night, paid a tribute to the action of Mr Ramsay MacDonaid and Mr Philip Snowden in the crisis. lie said that ho was satisfied that the situation had been saved. They had balanced the Budget, but it remained to balance trade. Mr Chamberlain declared that the policy of the Conservative Party in favour of a tarifl! had received a new impetus. It was not a time for hesitation or vacillation. Before long, he believed, the electors would have to give a de* eision which would be a turning-point in history. CUT IN TEACHERS* SALARIES. STRONGr OPPOSITION, LONDON, September 13. The Budget proposal which arouses the strongest opposition is the big cut in teachers' salaries. "Reynolds'b News" says that 20 Lib. erals are prepared to vote against tho Government if the reduction is not modifiedLuxury Imports. Thq Government '# committee to enquire into the proposal to prohibit luxury imports will consist of Treasury, Board of Trade, and Customs officials, and representatives of Chambers of Commerce. They will review imports amounting to £22,000,000 yearly, mostly duty free, and including articles of apparel and adornment, toilet requisites, domestic utensils, toys, games, leather goods, stationary, and tho more expensive wines. EFFECT ON STOCK EXCHANGE. GRAVE OPINIONS HELD. LONDON, September 13, TJie "Sun" cable agency's financial writer says that beyond a slight strengthening, in British funds the Stock J&changQ thus far is practically unaffected. It is recognised that the Budget does nothing to assist an industrial revival, and pending more constructive ana progressive proposals, with a view to rectifying the trade balance, quotations are unlikely to show parked rises, though, there has been no adverse movement in sterling. Foreign and soma t British bankers Kavely express the opinion that it may difficult to hold sterling next week. LABOUR MEMBER. PARTY DEMANDS RESIGNATION. (Received September 14th, 7 p.m.) LONDON, September W. The South Nottingham Labour Party has called on the Labour member of the House of Commons, Mr 6. W. Holford-Knjght, K.C., to resign Ins seat forthwith. The Party is arrange injs for a new candidate. DIFFICULTIES IN FRANCE. LESSON OF 1 BRITISH CRISIS. (Received September 14th, 11.50 p.m.) PARIS, September 14. Jf. Herriot, in the course of a Bpeech at Gueret, referred to Budgetary difficulties and the depreciated trade balance, He said it was dangerous to allow a belief to spread that France was the world's banker. Franco should con--Be?ve her industrial and agncultural character. He quoted the example of Britain's gravo crisis because she had ceased to be an agricultural nation and warned his compatriots against an nxaggorated belief in France's wealth.