FRANK STATEMENT NEEDED

Evening Post, Volume CXV, Issue 15, 19 January 1933, Page 10

FRANK STATEMENT NEEDED

(By Telegraph.) (Special to "The Evening Post.") This Day. The Duneain "Star" says:— "The report of Mr. Stewart's resignation, which would mean a most serious loss to the National Government, is not confirmed by either himself or Mr. Forbes, but as neither of them when approached has denied it, it has all the appearance of being true The silence of tho Prime Minister in that case wouM suggest that he has hopes still of an adjustment of the difference, either from a reconsideration on Mr. Stewart's part or from a surrender to his views on the part of a majority of Cabinet. A frank statement on the whole matter is early expected, and it cannot be made too soon."

The "Star" says: "Whether Mr. Downie Stewart's resignation will turn the scale in favour of a low exchange is problematical, for apparently it will require another very determined counter-campaign to avert tho political blunder into which sectional interests threaten to push the Government; in fact, the chaotic reactions of artificial depreciation through exchange would be so serious to. the general mass of the public that an organised campaign should be launched afc tho earliest possible moment to save the country from such a retrograde and ineffective economic expedient."