Labour and Liberal

Manawatu Times, Volume LVI, Issue 5566, 3 February 1931, Page 7

Labour and Liberal

DEVELOPMENT SCHEMES. POSSIBLE KAPPKOCHEMENT. British Official Wireless. EUGBY, Jan. 31. The president o£ the Board of Trade, Mr William Graham, in a speech at Stirling last night, expressed agreement with the Liberal Party’s contention that existing development schemes for stimulating employment must be accelerated and extended. Except as to the method of financing national schemes, there was probably no real difference of opinion between the LaDour and the Liberal resolution whic.i the Liberal leaders had tabled m the House of Commons. The Liberals suggested a iarg. national reconstruction loan. The Government said that the schemes must be approved in advance. Proceeding, ho said that the leading industries required a drastic reconstruction, and in view of the gravity o the industrial situation old party divisions became meaningless. No one now proposed a form of socialism involving central management from tec seat of Government. He was convinced that the trust concentration now taking place must shade into a public co-operation. He did not behove hat the economic change was taking that possibility out of its hands. Its true course lay in a determined effort to build up 'a system of public co-opera-tion, especially in the great monopolies or quasi-monopolies in industiy.