ANY OTHER COURSE DISASTROUS

Evening Post, Issue 113, 10 November 1930, Page 9

ANY OTHER COURSE DISASTROUS

SCULLIN'S FIGHT FOR AUSTRALIA'S CREDIT

United Press Association—By Electric Telt- graph—Copyright. (Received 10th November, 10 a.m.) LONDON, 9th November. After his decision to proceed immediately with the maturing loan, Mr. Scullin, in a statement, said: "The fundamental principles adopted by the Government and confirmed by Ministerial supporters, were that we felt the preservation of our good name and fame depended on the scrupulous observance of our financial obligations, and that any departure from that principle would react disastrously on the people s a whole, and particularly on the wage-earners. The public need not doubt the Government's determination to meet its obligations. Nothing will induce us to adopt a policy of deliberately deferring the payment of maturing loans. They must be met at due date. Any other course would be disastrous to our credit, and delay for years the restoration of economic prosperity. The sufferings of the people are acute, but they^wbuld become more acute and widespread, if;confidence were shaken in the Government's honesty. This Governmen will honour its obligations and I am confident that any Australian Government which failed to do so would lose the support of the Australian people."