NATIONAL CRISIS

Dominion, Volume 24, Issue 65, 10 December 1930, Page 11

NATIONAL CRISIS

Imminent in Australia POLITICIAN APPEALS An Important Proposal By Telegraph—Press Association— Copyright (Rec. December 10, 12.5 a.m.) Canberra, December 9. Speaking on the motion for the adjournment of the House of Representatives to-day, Mr. J. G. Latham, Leader of the Federal Opposition, declared that Australia was threatened by an imminent national crisis, the grave effects of which would be felt after Christmas, when many large factories and big stores would close, throwing thousands more into the ranks of the unemployed. He proposed the appointment of a National Council, representing all political interests, to devise measures to meet the crisis. The council must be representative of all classes of the community. Party polities must be sunk. An attempt should be made to formulate a plan for from three to five years’ duration for the rehabilitation of industry, and it would ultimately be the responsibility of the Commonwealth and State Governments to determine whether the plan evolved by this council should be accepted or modified. Other members of the Opposition endorsed Mr. Latham’s remarks, after which Mr. J. E. Fenton, Acting-Prime Minister, said the proposal was very important, and needed consideration. The Ministers fully appreciated the plight of the rural industries and the vast amount of unemployment. He would place the suggestion before the membe.s of the party. The motion for an adjournment was negatived on the voices. TOTAL CREEPS UP Loan Millions Pour In APPEAL TO TRADERS , Sydney. December 9. Up to Saturday, 17,500 applications, amounting to £11,157,000, had been made for the Commonwealth £28,000,000 conversion loan. Leading business men and citizens at a meeting with the Lord Mayor of Sydney, Aiderman E. S, Marks, decided to appeal to retailers, manufacturers, and traders to invest next Friday’s turnover in the loan. DUMPING DENIED Butter for Canada AUSTRALIAN FIGURES Melbourne, December 9. An official denial is given to the announcement from Canada that Australia intended to send twenty million pounds of butter to Canada by April In order to flood that market. The local Canadian Trade Commissioner, Mr, Ross, has been assured that the shipment will not exceed two and a half million pounds weight.-