PUN FOR ECONOMIES

Dominion, Volume 24, Issue 226, 20 June 1931, Page 7

PUN FOR ECONOMIES

Official Labour View I GRUDGING AGREEMENT Alternative in Australia . 77'. i £ v - ... ■ ■ A NATIONALIST REGIME By Tslegzaph—Press Ason.—Copyright. ■’ i; ' (Baa. Juno 19, T 4» pjn.) ( ■ Canberra, Juno 19. The .Federal Executive of the iz Australian Labour Party, which' has =*■ held a seriem of meetings, concluded tto daUbarations on the Premiers’ 2: Conference plan, and resolved to approve of the Prime Minister’s and Mr. E. G. Theodore’s actions .In p . giving parliamentary effect to them. At the same time the executive expressed the strongest objection to the t principle of reducing wages, pensions, " and social services. ’ It pointed out that as the Government’s monetary' policy had been thwarted by the banks and a reactionary Senate, the only alternative to the present plan was a Nationalist Govern- ■ ment which would give the workers an 'infinitely worse deal. Therefore it waa of the greatest importance that the • ■ labour Government should remain In office, as an election at the present moment would be dangerous to the ■ f worker^’lnterests. 7 ,■ ’ TRANSPORT IN N.S.W. -7’7., i : Lang Hopes for, Economies • AN OPTIMISTIC REVIEW Sydney, June 19. , 3£r. J. T. Lang, in a forecast in the i Legislative Assembly, when he gave a second reading speech bn the Transport Bill, declared that the Act would in great measure remedy the position into which the finances of the State had drifted. Drastic steps were needed, he pointed . out, to balance the budget of the railways, but he was confident that when the whole of the State’s transport services were co-ordinated, the huge deficits'<of. this' department would eliminated. ■■■■',■ : Owners of private cars would be in no way affected by the Bill. REOPENING OF BANK May Soon Be Accomplished CANBERRA NEGOTIATIONS * (Bee. June 19, 9 pan.) 77. i-n - Sydney, June 19. , Negotiations are proceeding at Canberra for the reopening of the New South Wales Government Savings Bank. A strong desire was evinced recently that the proposed merger with the Commonwealth Bank should not be completed. It is understood that the latter bank Is not anxious to absorb the State bank owing to its vast ramifications. Official circles are extremely optimistic that the. Government Savings Bank soon will be reopened.