HOPE FOR THE FUTURE

Hawera Star, Volume LI, 12 September 1930, Page 5

HOPE FOR THE FUTURE

AUSTRALIA’S POSITION

& economic readjustment

TOO MANY PARLIAMENTS?

Unittxl Pn-w* Ae»wX!iatiou—Bj Eirotnc TV.v* inyu Ccpyngtu.,' Received 11 a.m. to-day. SYDNEY, Sept. 12.

Reviewing Australia’s economic position and prospects the directors of the Commonwealth Bank, in their half-yearly report, declare that at present there is no justifiable reason to believe that the world’s prices for Commonwealth exports are likely to improve in the near future. They emphasise that the lean times ahead must be shared by all classes of the community.

Conditionally on the necessary action being taken to correct the economic position they anticipate that Australia will overcome her difficulties.

The acting-Prime Minister (Mr Fenton), addressing a conference at Melbourne of the Australian Council of Trades Unions, maintained that the question of a reduction of wages throughout Australia was one for a decision bv ‘ the Arbitration Court., for which machinery had now been created by the Federal Parliament.

Sneaking at a dinner Mr Fenton said he thought there were too many Parliaments in Australia; 661 members in a population of 6.500,000 was inordinate. Australia might with advantage follow the example of Canada in its modest system of government.