ECONOMY IN BRITAIN

Evening Post, Volume CXII, Issue 82, 3 October 1931, Page 13

ECONOMY IN BRITAIN

SNOWDEN EXPLAINS

NO SUPPORT FROM LABOUR

TASK BEYOND MINORITY

(Britlali Official Wireless.) (Received 3rd October, 11 a.m.) ' RUGBY, 2nd October. hi the House of Commons this afternoon the third reading ) of the Finance Bill was carried without division. In winding up the debate ihe Chancellor of the Exchequer, Mr. Snowden, answering an Opposition interjection that be should have dealt with the financial position of the country in his April Budget, said that he put before the House last February a statement of the financial position and addressed a meeting of the Labour Party with much frankness, but got no support. He added that he had said and repeated later that the economies necessary could never be carried through merely with the support of minority Government. Over and over again he had said that the enforcement of economies was such an unpopular thing that they could only be carried through either by a united House of Commons or by a large majority of the House of Commons. They had to wait for the report of the Economy Committee set, up by the members opposite, and, as soon as that report was decided, they acted upon it. .They now submitted proposals of economy which were accepted by Cabinet. Concluding, he said: "This Cabinet places the internal resources of the country upon a sound financial basis. It is, as was said by the President of the League of Nations Assembly a few days ago, an example of the excellent determinatiqn of the British people to face up' courageously to adversity?'