GUARANTEES DEMANDED

Taranaki Daily News, 23 July 1931, Page 5

GUARANTEES DEMANDED

MR. LANG’S FINANCIAL NEED MOST STRINGENT CONDITIONS ATTITUDE OF THE STATES AN UNDERTAKING EXPECTED By Telegraph—Press Assn.-Copyright. Sydney, July 22. “It is probable that the New South Wales Cabinet will give an undertaking that New South Wales will rejoin the Loan Council and will also give a guarantee that the State wiR assume responsibility for the payment of overseas interest,” says the Herald. “Cabinet Ministers generally express the view that the guarantees sought by Mr. Scullin should be given.” “It is significant,” says the .Telegraph, “that statements indicating the stringent conditions to which at least four of the States require Mr. Lang to submit before his request for cash assistance be considered were made yesterday in the Adelaide Cabinet. It was decided to’ stand solidly behind Mr. Scullin in his attitude towards Mr. Lang. “The Victorian Premier said in the Assembly, amid cheers, that unless the New South Wales Government accepted its share of responsibilities its request for assistance from the Loan Council could not be entertained. The Governments of Queensland and West Australia have joined the opposition to granting further assistance to Mr. Lang.” LEGISLATION INTRODUCED. PREMIERS’ PLAN ACCEPTANCE Rec. 8.30 p.m. Sydney, July 22. Legislation to carry out the financial agreement reached at the Premiers’ conference at Melbourne was introduced into the New South Wales Assembly to-day by Mr; J. T. Lang, and it received support front the Opposition.