Federal Election

Inangahua Times, 23 December 1931, Page 3

Federal Election

(United P-ess Assn— By Elaetric Telegraph—Copyright.) CHCosnrcTcABrMST MERIT THE ITBST CONSIDERATION HOBiiET, East Night. Mr Lyons left for Melbourne to confer ■with supporters tomorrow and prohahly will announce the Cabinet personnel on Thursday. He says they will be selected on their merits irrespective of Party alignments. LOSSES FOE LANG PLANNEES THREE EXPECTED SYDNEY, Last Night. I The election position is unchanged, but the United Party expects to capture both East and South Sydney and the Country Party hopes to take Werriwa, all from Lang supporters. PRESS OPINIONS London Dec 21 The “SuniHerald” lays; Though obviously there ii no official comment, it is certain that Whitehall wbolebearU edly welcomes Mr Lyons’ triamph. No Anstrslian election was ever watched with keener interest. All parties, includa ing the Liberals, many of whom have lately been converted, look to Ottawa as the beginning of Empire salvation, and realise that it is the final chance. Failure would he disastrous. It is agreed that Mr Lyons’ victory means that Australia, New Zealand, England and Canada are forming a united front for a great Imperial trade scheme, for which Britain’s longsranga policy was devised. Financial circles are very grat. ified at the election, and expect it will be reflected in an immediate ment in credit. The city’s distrust of the Labour Government was increased by Messrs Scullin’s and Theodora’s tendency during the campaign to flirt wiih inflation, political control of the banking system, and inability to keep Langism in check. Mr Lyons’ victory is sure to consolidate the better sentiment of the past two months, and, following the ad. vance in wool aDd other prices, will stimulate the recent small flow of money investment in Australia. While British official quarters liked Mr Scullinpeisonally, they will undoubtedly feel happier in dealing with Mr Lyons’s Ministers, because they know that be will receive solid backing at home; whereas they might not feel sura that Mr Scullin’s unruly followers would always implement his undertakings. The "Daily Mail” hails the election results as a complete triumph for the honesty and political insight of the Aus'raliao people, and says that the electorates clearly gave a mandate for dra tic economy and the extension of Dominion preference. Voters may be assured that Britain will soon reciprocate.

The “ Financial New* ” *ays : Never perhaps in the world’s history has there been so striking a demons stration as that Australia afforded of the crushing effect of political folly upon commercial progress. If Australia can be freed for a decade from selfish, ignorant sectionalism, her economic recovery may confidently be expected.

The “ Financial Times ” says: The result puts out of office in the person of Mr Theodore one who seemed to seek to promote inflation and subversion of the banking machinery to public extravaganoe, The Premiers’ plan should now go for** ward unswervingly to complete restoration,

Mr Lithgow, President of the Federation of British Industries, commenting on the Australian elec* tions, emphasised the opportunity of tbs National Government, and confidently counts upon its co operation in the Empire's task at Ottawa in building up a mutual advantageous policy. He hoped that the Lyons Government would create an Australian Committee similar to the British Government’s Empire Committee, to prepare views on industry, commerce and shipping for discussion at Ottawa,