LABOUR LEADER AND "THE PRESS"

Press, Volume LXIX, Issue 20957, 11 September 1933, Page 10

LABOUR LEADER AND "THE PRESS"

VIEWS ON EXCHANGE RATE The editorial opinions of "The ; Press" were attacked by the leader of the Labour Party (Mr H. E. Holland, M.P.), in his speech at Cashmere on Saturday evening. Mr Holland was defining the attitude taken up by the Labour party in relation to the increase in the exchange rate. | "The editor of 'The Press' has made reckless allegations that before January, 1933, the Labour party never opposed the higher exchange proposal," said Mr Holland. "He has accused the Labour party of cowardice. The editor of 'The Press' has developed a tendency lately to use fine language in calling people cowards, and so on. He had better mend his ways, before he gets to an extreme which will be irretrievable." If this badly-informed'gentleman looked at Hansard he would learn that the Labour party did oppose the higher exchange," Mr Holland added. The Labour members of the Inter-Party Committee of 1931 had set forth at the meetings of that committee that for various reasons it was not advisable to raise the rate of exchange artificially, and this view had been embodied in the minority report that he had subsequently presented to the House.