PARTIAL COLLAPSE

Poverty Bay Herald, Volume LV, Issue 17436, 7 April 1931, Page 7

PARTIAL COLLAPSE

N.S.W. LABOR SCHEME^ DANGER OF CP7IL WAR JH SYDNEY, Apil 6'.The Easter Labor conference of, State delegates, to-day by 65 votes, to 35, Revoked its decision ot last night, adding the three : year plan for jthe",'SoeiaHSap tion of industry. ;.." ' ; ;. ■ ''•"/ ? , The conference witejeoV dotfhHhe plan of socialisation to provide merely for the propagation of the new ainis.-.asd i.dejiis. Labor members of Parliament will 1» invited to direct their» energies towards the accomplishment of socialisatijyl." Une- delegate'.declared • that. .the. plan adopted yesterday was ' impracticable and would plunge the country in civil war. .._. ,'.. .'- .. V,V ■ Another delegate, in a fiery speech, said that he was prepared, to. give- his blood for the cause. Their slogan should be "Sinn Fein." Still another declared that the socialisation committee had neither" the brains, the understanding} clination to plan a practicable" scheme of social revolution. SURPRISE; IN LONDON % DANGER IN THE FIGURE r LONDON* April. 6. The Morning Post's financial r! editor says: "A great shock has been-"given holders of trustee securities Jay, Mr. Lang's repudiation, : ajid,.. it"'iff 'scarpjply surprising that the general question ,o| the responsibility incurred by',' overseas Governments.-under the Colonial-,SCbck Act should be raised.'' . ;;, i- • The Morning* Fost quotes a correspondent, who asks, apropos Mr. Lang, what guarantee there is that a.similar crisis will not arise in the future... He points out that it is" manifestly impossible Tor the British Government to person with such financial influence 'as Mr. Lang, by virtue of his officel to cause widespread ruin to beneficiaries in w ; hat often are small estates.'■ -■*■«•.'.■*'•.'. "GESTURE OF DEFIANCE*'^ AMERICA NOT IMPRESSED . . NEW-YORK, April 5; The New., j Ynrjc, in .a leader, headed, "Australia Thinks Twice,""' states: "In ithe strained domestic situation between 'the. ;Coininohwealth and iN ew South Wales; jt is ~. strongly sjuspected that the latter Tis not so savage as might appear. Ouc. may conjecture that the militant Mr. 'Lang-4s, pleased at heart that there is a Mr, Scullin to permit him the'luxury of gesture of defiance, without incurring the xisk of untoward, consequences. Would New South Wales acfualljF. to refuse- to pay interest on .bet,bonds; in the hands of the British owners ;if she did not know that the Commonwealth would intervene and. assume the repudiated obligation? Beyond that, Mr. Lang must have as now appears, that the central Government has the means of reimbursing itself. Actually it may be said of the present.-situation in l Australia that, compared with the outlook a few months ago, it is distinctly 1 feassuring. Outweighing the gesture of one State in dishonoring its. obligatiohs as tho decisive manner in winch the, Federal Government has'spoken' out : arid acted on the other side. To-day there is no question of where Mr. Scullin stands."