BRITISH FINANCE

Manawatu Standard, Volume IV, Issue 221, 19 August 1931, Page 7

BRITISH FINANCE

THE ECONOMY COMMITTEE. RESULTS OF DELIBERATIONS. FULL CABINET MEETING TO-DAY. (United Press Association.—By Electric Telegraph.—Copyright.) (British Official Wireless.) Received August 19, 10.40 a.m. RUGBY, Aug. 18.

The Cabinet Economy Committee held two sessions last evening and a session of nearly six hours to-day. When to-day’s meeting had ended it was stated that the committee had completed its survey of the economic and financial position and that to-mor-row morning the results of its deliberations would be placed before the full Cabinet meeting. On Thursday morning the consultative committee of twelve, which keeps the Ministers in touch with the Parliamentary Labour Party, will meet, and in the afternoon there will be a joint meeting of the General Council of the Trades Union Congress and the National Executive of the Labour Party, which it is expected will accept the Government’s proposals, the full scope of which will then be communicated to tlie Opposition leaders. It is expected that the Economy Committee will be present at both Labour meetings on Thursday. An earlier message stated: —lt is believed that the problems before the Economy Committee were found to be more difficult than was expected, especially the proposal to tax fixed in-terest-bearing securities. The Daily Herald says: “One of the decisions of the day was that no social services will be abolished.”

The Morning Post’s Paris correspondent states that Mr Stanley Baldwin, leader of the Conservative Party, is again leaving for London from Aix le Bains in response to an urgent summons. LORD BEAVERBROOIv’S PLANS. Received Aug. 19, 11.0 a.m. HALIFAX, Aug. 18. Lord Beaverbrook, the British newspaper magnet, has cut his holiday short and is sailing for New York, where he will embark for England. There is some speculation as to whether the Old Country’s financial situation is responsible.