MINISTER RESIGNS
Objects to Premiers* Plan AUSTRALIAN ECONOMY Letter Written to Leader STRONG VIEW EXPRESSED By Telegraph—Press Assn.—Copyright. (Rec, June 14, 5.5 p m.) Melbourne, June 14. Mr. E. J. Holloway, assistant Minister of Industry in the Federal Ministry, has resigned, being strongly opposed to the Premiers’ Conference economy plan. He has written a letter to the Prime Minister saying that he has no sympathy with the reduction of pensions. He believes that the only way to revive the Australian position is by "an issue of fresh credit through our national bank.” Mr. Holloway defeated Mr. S. M. Bruce, the former Prime Minister, in the last elecion in Flinders, but has indicated that he intends to contest the Melbourne Ports electorate, which is an industrial constituency, at the next election.
TAXATION INCREASE Victorian Cabinet’s Plans (Rec. June 14, 5.5 p.m.) Melbourne, June 14. The Victorian Government has submitted proposals to Parliament for the raising of an additional £1,796,000 by increased taxation on incomes and increased stamp duties. BONDS IN SYDNEY Heavy Declines Recorded Sydney, June 13. Commonwealth bonds are declining heavily, pending an announcement regarding the incidence of the conversion loan on individual Issues. Prices fell as much as £3 yesterday.
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Dominion, Volume 24, Issue 221, 15 June 1931, Page 9
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201MINISTER RESIGNS Dominion, Volume 24, Issue 221, 15 June 1931, Page 9
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