LABOUR ANNOYED

Dominion, Volume 24, Issue 63, 8 December 1930, Page 11

LABOUR ANNOYED

Ministry and Bankers RELATIONS NOT GOOD Canberra, November 6. Strong dissatisfaction with the relations existing between the Federal Ministry and the board of directors of the Commonwealth Bank was expressed at a Labour Party caucus. Although the meeting sat until midnight, no resolution was agreed to. The discussion will be renewed by caucus on Wednesday. A cablegram from Sydney on Friday stated that it was reported unofficially in banking circles that the Federal Labour caucus had succeeded in persuading the Government to agree to an inflation of currency • to the extent ot £24,000,000. The directors of the Commonwealth Bank were recently reported to be adverse to such a step. FINANCIAL OUTLOOK Serious, Says Niemeyer PROSPECT FOR FUTURE Victoria (British Columbia), Dec. 5. Asked what he thought of the finan eial position in Australia, Sir Otto Niemeyer on arrival here en route to England declared It to be serious, and no improvement could be expected for a long time. ABOLITION MOVE Legislative Council GOVERNMENT WAITS Sydney, December 6. There is no further development in regard to the abolition of the Legislative Council, but it is reported that if the President of the Council refuses to send on the Abolition Bill for the Royal Assent steps will be taken by the Government to have him removed from otfica.