N.Z.'S POLITICAL MOVE
• COMMENT IN SYDNEY ■' LABOR PRESS ABUSE 1 ' SLANDEROUS PROPAG AND A'' (Elec. Tel. Copyright—United Press Assn.) (Received Aug. 24, noon.) SYDNEY, Aug. 24. With a front page streamer heading: "S.O.S. from the Land' of Propaganda," the Labor Daily says: "Low correct was this paper's recent diagnosis of the financial and economic position in New Zealand may be gauged by a cablegram from Wellington, published here on Saturday, Panic has seized the Tory legislature in the land of Forbes and Coates. "Since the Labor Daily V criticism has awakened, the slumbrous Dominion tof realties, there has been the first real stocktaking. Niemeyerisiu—more slashing of earnings—has failed even more dismally than in all other countries where the Otto blight has fallen. For two years the New Zealand Tory press cloaked the perilous position, thereby drawing attention every day to the'shocking example of Australia.
'•'As a result of this slandering of the 'Commonwealth our securities depreciated 2a>to .'1"» per cent, below par, while .those;of New Zealand have gone up'to a premium of £7 10s to £l7 10s above par. Had the propaganda been they other" way' the prices 'would have been reversed in favor of Australia and against New Zealand."
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Bibliographic details
Poverty Bay Herald, Volume LV, Issue 17554, 24 August 1931, Page 5
Word Count
200N.Z.'S POLITICAL MOVE Poverty Bay Herald, Volume LV, Issue 17554, 24 August 1931, Page 5
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