The Lang Policy
THEODORE’S EIGHT POINTS SYDNEY, April 6. The Federal Treasurer, Mr. Theodore, summarises the effects of Mr. Lang’s policy as follows: — 1. Destruction of confidence in Government contracts. 2. Encouragement of breaches of contract by private individuals. 3. Refusal by taxpayers to pay taxation, especially those affected by interest reductions. 4. Reduction of interest to savings bank depositors. 5. Transfer of money from New South Wales to other States. 6. Curtailment of credit, adversely affecting all branches of business. 7. Inability to raise loans for public works.
8. Possibilities of internal strife,
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Bibliographic details
Manawatu Times, Volume LVI, Issue 6519, 7 April 1931, Page 7
Word Count
94The Lang Policy Manawatu Times, Volume LVI, Issue 6519, 7 April 1931, Page 7
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