FEDERAL ECONOMIES.
REDUCTIONS INEVITABLE. LETTER FROM MR. SCULLIN. WHAT DEFAULT WOULD MEAN. By Telegraph— Press Association—Copyricht. (Received Juno IC>, 7.55 p.m.) CANBERRA. June 10. The Prime Minister, Mr. J. H. Seullin, lias written as follows to Mr. E. .1. llolloway, wlio resigned his position as assist-ant-Minister of Industry on Saturday:— " Tho economies to which you , object aro quite as distasteful to every other member of Parliament, but we have to recognise tlmt they are unavoidable. "Treasury figures disclose that unless wo take steps to meet the position 11 to Commonweal': h will not be a bio to pay 12s in tho pound. Therefore it, is a question of arithmetic, not of argument, since default will mean that the pensioners and public servants, with whom you so much sympathise, will receive nothing at all. " Wo cannot escape the grim fact that tho reductions aro inevitable."
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Bibliographic details
New Zealand Herald, Volume LXVIII, Issue 20901, 17 June 1931, Page 9
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144FEDERAL ECONOMIES. New Zealand Herald, Volume LXVIII, Issue 20901, 17 June 1931, Page 9
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