BRITISH GOVERNMENT
NATIONAL CABINET FORMING
Mr MacDonald Still Leader
GREAT BRITAIN’S CREDIT THREATENED
King Receives Parly Leaders
Crisis Creates Tense Atmosphere
' United Press* Association —By Electric Telegraph
Copyright.)
LONDON, Aug. 24.
The MacDonald Cabinet has resigned and a National Cabinet, is being formed under the leadership of! Mr. MacDonald. - . . . Mr. Lloyd Gteorge has been informed that it. is intended that the National Government should confine • itself to the financial crisis, relinquishing office when Ibis is overcome. The King received Mr. MacDonald, Mr. Stanley Baldwin (Conservative Leader) and Sir Herbert Samuel (acting-Liberal Leader) at the Palace with a party of leading politicians. The “Central News” understands Mr. Baldwin informed His Majesty that if Mr. MacDonald formed a National Government he was willing to serve under him. Enormous crowds demonstrated as the Cabinet members entered 10 Downing Street. The Cabinet rose at 12.25 p.m. Mr. George Lansbury, posing for a photograph on the doorstep of 10 Downing Street when going into a Cabinet meeting, said: “This is the last time.” The “Times” says the collapse of British credit has hit none more severely than the poor. The £50,000,000 granted by the Bank of England is approaching exhaustion, and within a few days further credits must be obtained and be unobtainable unless the Budget is balanced.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/HAWST19310825.2.33
Bibliographic details
Hawera Star, Volume LI, 25 August 1931, Page 5
Word Count
213BRITISH GOVERNMENT Hawera Star, Volume LI, 25 August 1931, Page 5
Using This Item
Stuff Ltd is the copyright owner for the Hawera Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.