HALT CALLED
MARCH TO INSOLVENCY
OPINION IN BRITAIN
LONDON, 18th April. Tho "Daily Telegraph," in an editorial, says that events at Canberra have rushed suddenly to the political climax to which they have been leading during the p£st two months. Mr. Latham might well describe Mr. Theodore's statement in reference to the Commonwealth. Bank as one of the most important events in the history of the Commonwealth. . . Mr. Seullin's Government apparently was prepared to continue adding to its overdraft rather than to adopt the necessarily severe measure of retrenchment. An inevitable halt had now been called to that rapid march i toward insolvency. The ''Financial News" says that banking circles in London express the opinion that if the Commonwealth Bank adheres to its decision the only immediate effect will be the cessation of certain public works. Other quarters regard the news as favourable, necessitating retrenchment and hastening the downfall of the Government.
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https://paperspast.natlib.govt.nz/newspapers/EP19310420.2.65.3
Bibliographic details
Evening Post, Volume CXI, Issue 92, 20 April 1931, Page 7
Word Count
152HALT CALLED Evening Post, Volume CXI, Issue 92, 20 April 1931, Page 7
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