"SPECTACULAR SUCCESS"

Otago Daily Times, Issue 23687, 20 December 1938, Page 11

"SPECTACULAR SUCCESS"

NEW ZEALAND GOVERNMENT ENGLISH PAPER'S COMMENT LONPON, Dec. 18. Commenting on the Federation of British Industries, Reynolds's News says: "Britain's financial Francos resent the spectacular success of the New Zealand Socialist Government. It is a campaign of sabotage and unwarrantable interference with democratic rights and the Dominion's progress. It is a crude revelation of the fact that in high places the Empire is still regarded as the preserve for private mon-opoly-mongers. It is a campaign which the British public and Government must repudiate." AUSTRALIAN PRESS COMMENT NO LACK OF SYMPATHY SYDNEY, Dec. 19. (Received Dec. 20, at 1.30 a.m.) The Sun, in an editorial to-night, says: "The New Zealand Government's troubles with external finance should not meet with any lack of sympathy in the Commonwealth." It recalls that Australia was faced with a similar position and Mr Savage was now doing what Mr Scullin did in 1932. The steps taken on that occasion, amounting to actual prohibition of some imports and quota-fixing in others, were applauded by all who were able to forget party, and they were effective—they stopped the drift. The editorial adds: "There is naturally some interest for Australians in the British industries' unsympathetic reaction to New Zealand's troubles, as the Commonwealth's own London funds are in process of depletion. The cure is either to discourage over-importing, or allow British manufacturers to bring Australia to a point at which stye would be willing to accept a British loan in order to finance her imports and to pay interest on the goods she imports—a position the Australian public is not likely to accept. Not even to please Manchester is it likely that the Commonwealth or New Zealand will carry on that bad tradition."