Blame The Banks!

Manawatu Times, Volume LIV, Issue 6645, 4 September 1931, Page 7

Blame The Banks!

British Labour’s War Cry

MacDONALD’S FAITHFUL FEW United Press Association.—By Electric Telegraph.—Copyright. , Received Thursday, 7.45 p.m . LONDON, Sept. 3. Commander Kenwortny (a .uaboiu member), in a letter to the Hull Labour party, says: “The crisis is not oi Government making. The difficulty is caused by the linaucial houses. Drench and American bankers had dictated the •way the Budget should bo balanced ■which is intolerable. We are in for the hardest struggle. The general election may bo soon, but tno issue is simple, namely whether Parliament is supreme or the City of London, Wall Street, and the Banquo do France. The Labour party is fighting a small oligarchy of financiers." Mr. James Maxton, as leader of the Labour extremists, writing in the New Leader, says: “The National Government will fail to do more than find temporary solutions for the immediate troubles. The people had . better prepare their minds for a semi-Fascist regime. It is obvious that new revolutionary tactics must be adopted by the Labour Opposition." The following Labourites are supporting Messrs. Ramsay MacDonald and Philip Snowden:—Rt. Hon. J. H. Thomas (late Secretary of State for the Dominions), Sir W. A. Jowitt (At-torney-General), Rt. Hon. C. M. Aitchison (Lord Advocate of Scotland), Mr. Holford Knight, Mr. Malcolm MacDonald (son of the Prime Minister), Mr. Lovat Fraser, and Mr. G. M. Gillett (of the Foreign Office Secretariat). The latter has' declared: “The defeat of the Government would cause financial panic.. Accordingly, I felt I must follow Mr. Ramsay MacDonald’s wise example."