N.S.W. STATE

Manawatu Standard, Volume LII, Issue 120, 21 April 1932, Page 7

N.S.W. STATE

PRESENT CRISIS.

FINANCIAL DEADLOCK,

NEW GUARD’S DISSOLUTION PETITION.'

(United Press Association—By Electrio Telegraph.-—Copyright.) Received April 21, 9.30 a.m. SYDNEY, April 21.

In a broadcast speed), the Leader of the Federal Country Party, Dr Earle Page, said that it was the first duty of the Commonwealth Government to bring to an end the dishonest and rebel Government in New South Wales. The Federal _ Enforcement Act did not make the State honest. Unless the Commonwealth gave a lead, liis countrymen in New South Wales would be forced to create a Government which would obey the Federal law r .

ENDOWMENT PAYMENTS DUE.

NO BANKING FACILITIES

Received April 21, 10.5 a.m. SYDNEY, April 21

The fortnightly child endowment payments are due to-morrow, but it is learned that no payments will bo made in consequence of the Government having no banking facilities for the issue of cheques. There are about 60,000 persons throughout the State entitled to the endowment, which amounts to about £70,000 a fortnight.

THREE MILLION LOAN

PRIME MINISTER’S PLAN

Received April 21, 9.30 a.m. MELBOURNE, April 21. The Federal Prime Minister, Mr J. A. Lyons, to-day announced definite plans for raising £3,000,000 to alleviate unemployment during the winter. Authority had been given by the Loan Council for each State on its own responsibility to raise the money. “The exception is New South Wales, but if this State is prepared to give an assurance that it will also honour the Premiers’ Plan, similar authority will be given,” added Mr Lyons.

NEW GUARD’S PETITION,

REACHES DOMINIONS OFFICE.

Received April 21, 9.30 a.m. LONDON, April 20.

The New Guard’s petition, praying that His Majesty, through the Governor, Sir Philip Game, dissolve the NewSouth Wales Parliament, has reached the Dominions Office.

It is impossible to say at present what further action will be taken, but it is exjiected that the petition will reach the King in due course.

THE EXCHANGE POSITION

SIR ROBERT GIBSON’S STATE-

MENT,

MELBOURNE, April 20. A statement implying that there would be no alteration in the exchange position w-as made at the close of a meeting of the Commonwealth Bank Board this evening by the chairman, Sir Robert Gibson. “There being a good deal of speculation on this subject,” he said, “and utterances having been made in certain quarters about the proper function of the exchange in relation to the economic life of Australia, I wish tp say that the board will not be swayed by sectional interests, but will .continue while in control of the exchange position to perform its task ih the interests of the Commonwealth generally irrespective of criticism.” 1 LONDON MARKET. AUSTRALIAN STOCKS DOWN. Received April 21, 11.0 a.m. LONDON, April 20. Australian Government stocks were again drastically marked down.