MR. LANG PAYS SALARIES

Taranaki Daily News, 15 April 1932, Page 9

MR. LANG PAYS SALARIES

TREASURY BILLS THE MEANS COUNTRY TEACHERS MAY WAIT. BLOCKADE BY COMMONWEALTH. By Telegraph—Press Assn. —Copyright. Rec. 8.5 p.m. Sydney, April 14. The majority of public servants in New South Wales received their pay to-day in banknotes taken from the State Treasury in large bags under escort. Country school teachers, however, are likely to wait till the end of next week before they receive theii pay. Revenue which has been accumulating in country centres from license fees, land dues and other sources since the Commonwealth blockade began will be drawn upon. ... , State Treasury officials have been in close conference since Monday trying to prepare a method of overcoming the present difficulties in paying the staffs with a minimum of trouble and confusion. They preserve a discreet silence upon the subject. The New South Wales Government has approached th© High Court for an order directing the Bank of New South Wales and The Commercial Banking Company of Sydney to repay all the State money paid to the Commonwealth Bank under the Garnishee Act, and for au injunction restraining the banks’ officers from acting further without the consent of the State Government. The Telegraph says that should the Federal Government be forced to attach the unemployment relief taxation the unemployed will not lose any of their present benefits. It is reported that in such a case the Federal Government would administer the issuing of the dole and pay widows’ pensions. Federal plans to put an end to the Lano- obstructionist tactics are under way. The Federal Government insists on a complete carrying out of the provisions of the Garnishee Act. Bankers and business men condemn the suggestion that there should be an ' .crease in the exchange rate on London. Bankers assert that such a couise is unjustified by the prevailing conditions. There is no abnormal demand for London money and no difficulty has been experienced in buying all that is required at current rates. Any advance in the rate would, they claim, considerably increase the taxation burden. It is added that the present high rate has already reduced the import trade while the effect on internal prices would be to increase the cost of living. Business men argue that the Commonwealth Bank, which is already handling the position satisfactorily, should be'subjected to no political interference. Jurors went unpaid at the Court sitting at Goulbourn and Maitland, since no money was available.