Imperial Politics.

Inangahua Times, 25 August 1931, Page 3

Imperial Politics.

(United Press Assn —By Electric Telegraph—Copyright.)

THE BRITISH BUDGET ECONOMIES TO BE MADE I Rugby Aug 21 From the course of last Friday's in« • terviews ;h= Government communicated !to i s opponen s and i s suj-p rtt r j s view of the situation, wnicn t uni s* it is fi r mly handled, may become exceedingily grave. Evidence was given of the I Government's determina ion to balance I the Budget, and to spread tbe burden I equally among all classes of he c« m v munity in p aos, of which the bro. d out lints were reve«*ied. It is further known I tha f the proposals were entirely concerned with measures for effteting economy in State expenditure, including, it is reported, modifica ions for reducing ihe cost of social services.

CABINET MEETING I Rugby Aug 23 The Cabinet mee ing lasted three | ours and three i quarters. Just before it dispersed, the acting Leader of the Liberal Party, Sir li. Samuel, arrived at 1 Downing Street. He remained ** b the Prime Minister after most of his Cabinet colfeagm s had left.

BAIOWIN RETURNS TO LONDON Rugbv Aug 93 Mr Baldwin airived in London on Saturday from France. Passing through he was intei vt wed, and expressed 'he hope that he would shortly be on the •vay back to Aix«lts.Bams, whe e he is, spending a holiday* Mr Lloyd Geoige has iOl yet sufficiently recovered from his rtcent grave Iness to participate in the consultation, vit Sir H. Samuel and Sir I). Mac--ear, are acting in close agreement with - rd Reading and other leaders of the ibe»als; Mr Baldwin and the principal Conervatives met on Sunday. 1 he I ibtral shadow Cabinet met on undav afternoon.

PRESS OPINION Sunday Aug 23 The “Sunday Ex|res” says: Cabinet ■'■as drcided to resist the temptation to r sign and will take the •■esponsioihty, and let Pa liament decide its late. The “Sunday Obstrvei” believes that 'he clans of ihe (government now ins cl Ida an int.rnal luxuy tax, douoling 'he enter atnment tax, several forms of d 'ect taxation, reduct on of poy for ci il servants, but the pol ce pay may be minimised. The “Sunday Times’’ says : —Elec, .in talk is not cred it'd in any qjaiter. It may betaken for g-anttd that Mr Snowden wi 1 propose to increase it t income tax, and higher duties on beer an j obacco, thus the Gov, rt men; hope to c ounce lIS supporters of equality of s ii rifice. Ihe “News of Ihe World” says;— ’he Government has prepared a statemen; designed to leassure foreign opin. •on that the Budget will be balanced. I his may be published 'o-nighi, and is coped to end the financial crisis. As tecards the political crisis, Mr MacDonald is resolved to submit’his policy to Parliament.

WITHDRAWAL OF GOLD London Aug 24 The Chicago Tribunes informant charges France with witndiawtng gold i om Loodon at a terrific rate. He s ates that a total of three hundred million sterling worth of gold has been with, drawn by France in the past fortnight, EFFECT OF COLLAPSE London Aug 24 “The Times” says; “The collapse of British credit has hit none more severely than the poor. Fifty millions ol creditois granted by tbe Bank of England, but t is now approaching exhaustion. Withtn a few days, further credits must be obtained, and thest will be unobtainable unless the Budget is balanced.”