THE BARE CUPBOARD
FUNDS FOUND RAIDED
EFFECT OF CRISIS IN CITY
Australian Press Association,
(Received 2nd October, 8 a.m.)
LONDON, Ist October.
Mr. A. V. Alexander, First Lord of the Admiralty, speaking at the Labour Conference, said that when tho Government came into offico it found ovory available fund raided and every kind of financial difficulty placed in the way of Mr. Snowden's beneficent intentions. They also had to face difficulties due to the crisis in the. City. As regards naval disarmament,' it must not be thought the present proposals constituted the British Government's last words on the matter.
Sir Oswald Mosley said that the bank rate decision would inevitably increase the difficulties of unemployment. Under, the present conditions it was within the' power of the Bank of England to put two men out of employment for every man tho Government put in. That was the situation the Government had to face, otherwise they would be confronted with a dilemma which must destroy them.
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Bibliographic details
Evening Post, Volume CVIII, Issue 81, 2 October 1929, Page 11
Word Count
164THE BARE CUPBOARD Evening Post, Volume CVIII, Issue 81, 2 October 1929, Page 11
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