BRITISH LABOUR SHIES AT ECONOMY

Manawatu Times, Volume LIV, Issue 6625, 11 August 1931, Page 7

BRITISH LABOUR SHIES AT ECONOMY

Recommendations by Committee Unpalatable

ALTERNATIVE IS DISASTER SAYS “TIMES”

United Press Association.—By Electric Telegraph.—Copyright. Received Monday, 9.0 p.m. LONDON, Aug. 10. Tho Daily Mail says it is unlikely that tho Government will follow the Economy Committee’s report. Mr. Ramsay MacDonald, in an interview at Lossiemouth, emphasised that the report was not the Government’s responsibility alone. “The Conservatives and Liberals insisted on. setting up a committee and we had to agree. Two Government nominees disagreed with some of the recommendations. The fact is that the Conservatives and Liberals -want us to shoulder the responsibility.” The Prime Minister added that he was most unhappy at the harm the report had done Britain abroad. The Daily Mail says that Mr. MacDonald is convinced that the cure for the world’s financial troubles lies in the scaling down or cancellation of war debts, and he is at present exploring the question with Mr. H. L. Stimson, United States Secretary of State. The Times, in an editorial, calls attention to the unofficial Labour condemnations of the Economy Committee’s recommendations and stresses tho fact that the present situation is a tost for democracy. Tho continuation of financial recklessness would involve all sections of the community in a common disaster.