OBJECTION TO ECONOMY

Taranaki Daily News, 25 August 1931, Page 9

OBJECTION TO ECONOMY

TRADES UNIONS’ ATTITUDE

MACDONALD’S OFFHAND MANNER.

FRANCE'S GOLD WITHDRAWALS.

By Telegraph—Press Assn.—Copyright. Rec. 7.50 p.m. London, Aug. 24. The Trade Union Council’s belief is that the revised Government proposals will widen the cleavage and that even if the Government succeeds in forcing the cuts in the social services through Parliament it will be forced to resign the day after the Economy Bill received Roval assent.

“We also objected to Mr. MacDonald’s airy off-hand manner with us,” added a Trade Union Congress leader. “This Government was elected by a class to defend a class, and at the first big test it runs to make terms with other parties.”

The Times says the collapse* of-Bri-tish credit has hit none more severely than the poor. The- £50,000,000 granted by the Bank of England is.approaching exhaustion, and within a few days further credits must be obtained and be unobtainable unless the Budget is balanced..

The Chicago Tribune published a cablegram dated London Monday saying: “Britain will have a new Government to-day. The King will call upon Mr. Baldwin to form a new administration to carry out stringent measures of economy, which the Labour Government dared not inflict against its own ranks.” The Tribune’s informant charges France with withdrawing gold from London at a terrific rate—a total of £300,000,000 in the past fortnight.