BOTH TOGETHER

Evening Post, Volume CXI, Issue 78, 2 April 1931, Page 9

BOTH TOGETHER

SCULIiIN AND LANG

FREE SPEECH AT ROYAL SHOW

SYDNEY, Ist April. Speaking at tho official luncheon at the Royal." Show in Sydney to-day, the Prime Minister said: "If we dishonoured our bond we would not only dishonour our nation, but we would also destroy our market. Our national loss would be greater, and our poverty and misery would increase." Ho added: "It is■ not too much to claim tihat our method of redressing the traxle balance- has saved Australia from bankruptcy.'' Mr. J. H. Scullin raised a smile when le said: "On top of the financial chaos -we have had passed to us by the State Governments still further financial obligations." He declared he was more than pleased with the increase in wool prices, and. assured the gathering that the Government would do its level best to restore prosperity and find now markets for the produce. Mr. J. T. Lang was among the speakers, and said the Now South Wales Government had decided that the quickest way of giving relief to the primary producers was by arbitrarily reducing the interest burden. Producers were entitled to a larger portion of tho credit which their labours created. Cheap money was the only solution of their difficulties. The Government could have obtained 5, 700,000 for British bondholders on Ist April, but it would have meant that this amount of credit would have been withdrawn from the primary and secondary industries of New South Wales. "Default faced the Government on either hand. We decided that the defamlt should not be to our own citizens.