THE BRITISH MINISTRY

Otago Daily Times, Issue 21032, 22 May 1930, Page 9

THE BRITISH MINISTRY

SIR OSWALD MOSLEY RESIGNS. VIEWS ON UNEMPLOYMENT. (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, May 20. Sir H. Oswald Mosley has resigned from the Ministry. He has been associated with the Lord Privy Seal (Mr J. H. Thomas) in devising measures for dealing with the unemployment problem. The newspapers state that Sir Oswald favours bolder measures on unemployment problems. RECONSTRUCTION OF MINISTRY. LONDON, May 20. (Received May 21, at 8 p.m.) The Daily News -points out that Sir Oswald Mosley’s resignation follows the rejection by the Cabinet-of his unemployment scheme and Mr Thomas’s failure to satisfy the House that he has any unemployment policy at all. Sir Oswald, will be a formidable recruit to i labour left wing, which has now definitely revolted.' Mr Ramsay MacDonald will probably now form practically a new Ministry, and Mr Thomas may be given an important dominion post. Sir Oswald Mosley has been Labour member for Smethwick since 192 G. In the present Ministry he held the post of Chancellor of the Duchy of Lancaster. MINISTRY’S DIFFICULTIES. SUPPORTERS DISAPPOINTED. London, May 21, (Received May 21, at 11 p.m.) Sir Oswald Mosley’s resignation, following so closely on the drop in the Government’s majority, is regarded by the newspapers as a political sensation, and the opinion is generally expressed ,1° Mmistl 7 ie getting into serious difficulties over unemployment, particularly with its own supporters, who are very disappointed owing to there being no check on the mounting figures. The Daily Herald, in an editorial, states that there is a large division of opinion in the Cabinet on unemployment, and the resignation is an open sign of the known fact that the Cabinet rejected Sir Oswald Mosley’s memorandum beit was antithetic to the Treasury docti ine that a great State loan, would not , create new work but merely divert capital from one set of industries to another. “ The Cabinet has ’ not neglected any avenue of hope, but we are dubious whether the Treasury dogma is leally the last word in economic wisdom.” The Daily Herald’s lobbyist says that the rejected memorandum is believed to be the joint work of Mr George Lansbury, Mr T. Johnston, and Sir Oswald Mosley. It aimed at pensioning aged workers and raising loans of £250,000,000 to finance work schemes. The Cabinet committee that rejected the memorandum consisted of Mr PEilip Snowden, Miss Margaret Bondfield, Mr Arthur Greenwood, and Mr T. Shaw, and they rejected it on the grounds that pensions were an over great burden at present on the State finances. Any attempt to raise £250,000,000 in the loan money market would fail, and road schemes could not absorb large numbers of cotton operatives.