UNION’S FINANCES SOUND
SOUTH AFRICAN PROBLEM/
ADVANCE'S TO FARMERS PLAN OPENING OF PARLIAMENT EMPIRE TRADE RELATIONS By Telegraph—Press Assn.—Copyright, Rec. 12.10 a.m; Capetown, Jan. 30. The Earl of Clarendon opened Parliament with the usual ceremony to-day. His speech dealt with the Imperial Conference and with conditions in South Africa. It had not been possible, he said, to arrive at a solution of questions regarding Imperial trade relations, but it had been agreed another attempt should be made. Consequently an economic conference would be held at Ottawa. A bill formally sanctioning the declarations of the conference would the submitted.
The general position of the fanning community was exceedingly serious, the Gov-ernor-General continued, and it was proposed to make advances through a land bank secured by second mortgage on stock or movable assets.
The gold industry had maintained fairly stable conditions. In secondary industries regaining an equilibrium between revenue and expenditure would necessitate economy, but the financial position was essentially sound and credit was good.
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Taranaki Daily News, 31 January 1931, Page 5
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163UNION’S FINANCES SOUND Taranaki Daily News, 31 January 1931, Page 5
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