POLICY OF REPUDIATION
SANCTITY OF CONTRACTS CLAIM BY MR LANG 51 (United Press Association—By Electric Telegraph—Copyright) SYDNEY, 3rd October. Speaking at an eight hour demonstration dinner at the Trades Hall last night the Premier, Mr Lang, claimed that the policy of repudiation for the sanctity of a written contract by Act of Parliament, which seven months ago had ostracised his party, was now the fixed policy of the world. The people in our midst had advocated armed revolution as the only means of emancipation. That revolution had come without the accompaniment of firearms in the way the Labour Party had always said it would come, namely by Act of Parliament. “Every Parliament has arbitrarily repudiated contracts by Act of Parliament. Every Parliament has agreed that the bond holder who does not convert will receive no interest at all, and every nation has abolished the gold standard. This revolution, like all others is accompanied by tremendous suffering and misery, and it will continue for awhile, hut Australia will soon emerge on the road to prosperity.”
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NEM19311005.2.80
Bibliographic details
Nelson Evening Mail, Volume LXVI, 5 October 1931, Page 5
Word Count
174POLICY OF REPUDIATION Nelson Evening Mail, Volume LXVI, 5 October 1931, Page 5
Using This Item
Stuff Ltd is the copyright owner for the Nelson Evening Mail. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in