BRITISH DEFICIT

Grey River Argus, 11 August 1931, Page 5

BRITISH DEFICIT

ECONOMY REPORT .... Whose Responsibility (Aus. & N.Z. Cable Assn.) (Received August 10 at 7-30 p.m.) LONDON, August 10. “The Times/’, in an editorial, calls ’ attention to the unofficial Labour con- | demnations of the Economy Committee’s recommendations, ~and it stresses the fact that the present situation is a test for democracy. It says that a I continuation of the financial reckless- : ness would involve all sections of the community in a common disaster. British Premier ON THE QUESTION. ‘ WAR DEBTS THE BUGBEAR, (Received August 10 at 7 p.m.) LONDON, August 10. The “Daily Mail” says: It is unlikely that the Government will follow the Economy Committee’s recent report. Mr in an inter"view at Lossiemouth, emphasised that ,the committee’s report was not the i Government’s responsibility ajone. Ho isfiid: “The Conservatives and the I Literals insisted on. setting up this ■ Committee, and we had to agree to it. I Two of the Government nominees dis- ( agreed with some of the _reeommendafions. The fact is that the Conservatives and the Liberals want- us to I shoulder the responsibility. ’ ’ ' The Prime. Minister added that he was most unhappy at the which ' the report had done to Britain abroad. . The Daily Mail further says: “Mr XaeDonald is convinced that the cure of the world’s financial troubles lies lin the scaling down, or,in the cancellation of the war debts. He is at present , exploring this question with the i United States Secretary of §tate, Mr Stimson (who- is on a .visit to Scotland).