MORATORIUM EXTENSION

Hawera Star, Volume LI, 24 May 1932, Page 5

MORATORIUM EXTENSION

hopes in new south wales RELIEF FOR STATE DEBTORS PLANS OF NEW PREMIER. LANG OBJECTIVE RECALLED. v United Press Association —By Electric Telegraph Copyright.) Received 10.30 a.m. to-day. SYDNEY, May 24. The Premier, Mr. B. S. B. Stevens, has announced that- tbe Moratorium Act will be extended beyond April, 1933, and that debtors to the State Government will be brought within its provisions. If Mr. Stevens is returned with a majority at the elections 117,500 borrowers who owe the Government in the aggregate £ol,siy,UUU will be -in a position to get relief by the proposed legislation. , The “Herald” .says it is stated in political circles that one of the aims of the Lang Government was to -secure the appointment of Mr. Piddmgton, K.C. as Governor on the recall or oir Philip Game which was confidently predicted in the Trades Hall. During the past week it has been asserted in Parliamentary circles that .should tbe Lang Party be returned Mr L ang w ill insist on tlie immediate recall °of Sir Phillip. Sio-ns of a revival m the budding trade which had became paralysed m recent times are becoming more and. more pronounced. 'Contracts let duriim the past week totalled more time, those for the past two months. Formerlv the building trade in Sydney represented an annual expenditure ot £10,000,000.

INSTRUCTIONS TO LONDON AGENT-GENERAL’S REPLY" SYDNEY, May 23. Mr R S. B Stevens, Premier of New South Wales, has received a. cable from Mr A. C. Willis, Agent-General in Britain, 1 stating that he will carry out the instructions of the new Government and that he will not- advocate a •v of repudiation and the Lan„ plan.”