NEARLY FIVE MILLION IN DEFAULT.

Horowhenua Chronicle, 30 April 1931, Page 5

NEARLY FIVE MILLION IN DEFAULT.

LANG’S FOLLOWERS BECOMING FESTIVE. (Received This Day, 9.25 a.m.) SYDNEY, This Day. There was consternation in the Assembly when Mr Kelly, Labour member for Bathurst, criticised his Government for its withdrawal from the Federal Loan Council. “I say to my party, I would not have any hesitation about joining the Loan Council at the earliest moment. I don’t see>any sound reason for keeping out,” Mr Kelly added. The. time had arrived for plain speaking. If the present _ rate of Government expenditure continued there must be a smash. Serious consideration must be given to the heavy burden it imposed. He suggested inquiry into the payment of high salar- 1 ies of public officials, many of whom be asserted were not earning their pay. Mr Stevens (Nationalist) declaring -that Mr Lang should tell the people whether he proposed to continue his policy of repudiation, said the apparent saving by default in interest and ether payments to the end of the financial year would be £4,322,100. HOPE OF EARLY PROSPERITY. (Received This Day, 9.25 a.m.) SYDNEY, This Day. Supply for the month of May amounting to £2,648,800 was sought by the ’Government in the Assembly. It was Intimated that the Budget for the .year is expected to be ready shortly. The Premier, Mr J. T. Lang, expressed the opinion that New South jWales would soon be experiencing a prosperbus periodi Mr Lang reiterated bis intention of seeking a reduction