HIGH EXCHANGE

Evening Post, Volume CXVI, Issue 83, 5 October 1933, Page 11

HIGH EXCHANGE

ENDORSED BY HOUSE

BY THIRTEEN TOTES

LABOUR AMENDMENT

HEAVILY DEFEATED

The Government had thirteen voles to spare when a division was reached in the House of Representatives last evening on the amendment moved by lhc Government member for Wellington Suburbs (Mr. R. A. Wright) in favour of a free exchange, uncontrolled by the Government and without compensation to the banks. The 'Labour Party supported the amend|ment,..and, in addition to the mover Land the seconder, Mr. A. Harris ['(Government, Waitemala), votes against the Government's high exchange policy were recorded by Mr. H. Atmore (Independent, Nelson), Mr. D. McDougall (Government, Mataura), Captain H. M. Rushworth (Country Party, Bay of Islands), Mr. A. J. Stallworthy (Independent, Eden), Mr. W. A. Veitch (Government, Wanganui), and Mr. C. A. Wilkinson (Independent, Egmont). A vote was also taken last evening on tho question whether tho reasons advanced by the Labour Party for noconfidence in tho Government should remain on tho Order Paper. The Labour amendment was deleted by 46 votes to 27, the Labour Party being supported by the Independents and by Mr. McDougall, who lived up to the statement mad© on tho previous evening that he -would vote "against the G6vei\nment. As soon as tho result of the division was announced, Mr. P. Eraser (Labour, Wellington Central) moved a, further amendment, which is reported separately. VChe flrnfc vote taken was on the retention of Labour's original amendment. This resulted in the amendment being deleted by 46 votes to 27. The division list was as follows:— Ayes (27). • Atmore . McKee-n ;, Barnard Mason Carr Munro' Chapman. O'Brien Ooleman • Parry , Traser ' ' .TUchards ' Holland, H. E. Eushworth Howard Savage •Tones Schramm Jordan Scruple Langstone Stallworthy T>ee Sullivan McCombs, Mis. Wilkinson McDougall Noes (40). Ansell Kyle Bitchener Linklater Bodkin ■ ' Lye Broadfoofc McLcod Burnett McSkimming Campbell Maemillau Coates Macpherson Oobbe Massey, J. N. Connolly Massoy, W. W. ' de la Perrelle Murdoch. Dickie Nash, J. A. Endean. Ngata : Field Poison Forbes Ka.nsom. Hamilton Iteid Hargest Samuel Harris Smith Hawk© ' Stuart, A.' Healy- ' Sykes Henare Tft Tomo Holland, H. Veitch Holyoake Wright ■ Jull Young ! THE EXCHANGE VOTE. The House then divided on Mr. Wright's amendment, which was as follows:— Believing that manipulation of exchange is inimical to the public interests, this House desires a return to a froo exchange uncontrolled by tho Government and without compensation to the banks. The amendment was defeated by 43 \votes to 30, the division list being as follows: — Ayes OiO). • j Almorp Mc-Keen Barnard . Mason ■! (,'arr ' Munro ; Chapman O'Brien Colemau Parry JTraser ■ , Eiohards Harris Rushworth Holland, H. E. Savage Howard Schramm Jones Semple Jordan Stallworthy. Langstone Sullivan Lee" Veitch McCombs, Mrs. Wilkinson McDougall -Wright Noes (13). Ansel! Kylo Bitchener Linklater Bodkin Lye Broadfoot McLeod t : Burnett McSkimming Campbell Maemillau Coates Macpherson Cobbe Massey, J. N. Connolly .... . Massey, W. W. da la Perrellc- Mnrcloeh Dickie Nash, J. A. Undean Ngata Field Poison Forbes Ransom, Hamilton Reid Hargest Samuel Hawke Smith Healy Stuart, A, Henare Sykes Holland, H. Te Tomo Holyoake Young . Jnll