FINANCE CRISIS.

Timaru Herald, Volume CXXXIV, Issue 18831, 20 March 1931, Page 9

FINANCE CRISIS.

SOUTH AUSTRALIA MOVES. United Preen Association—By Electric Telegraph—Copyright ADELAIDE, March 19. The State Ministry decided to convene a conference of Premiers and Treasurers, owing to the inaction of the Federal Parliament, which is engaged in futile strife, while the States are struggling with finance for needy farmers. Mr L. L. Hill comments that If the Federal Cabinet will not, another course must be found by those States desiring to straighten the financial position, and do something for the unemployed and the man on the land. They must get together to evolve a scheme resuscitating languishing industries and businesses. FIDUCIARY BILL. MITIGATING AUSTRALIA’S TROUBLES. United Press Association—By Eleofcrlo Telegraph—Copyright (Received March 19, 7.0 p.m.) LONDON, March 19. Tne City Editor of "The Times” says that Mr Theodore’s Fiduciary Bill admittedly is inflationary. If inflation would mitigate Australia’s troubles there would be no objection to it, but the raising of the price level in Australia above world levels can only i the costs of production, thereby , inishing the capacity of exports. THE DALLEY SEAT. SENATOR DUNN A CANDIDATE. United Press Association—By Eleotrlo Telegraph—Copyright (Received March 19, 8.30 p.m.) CANBERRA, March 19. Senator Dunn, who has been removed from his position as Government Whip in the Senate, has announced that he has decided to contest the pre-selection for the Dailey seat in the House of Representatives at the next election. The Dailey seat is at present held by Mr Theodore. A BITTER INDICTMENT. ON FEDERAL GOVERNMENT. United Press Association—By Electrlo Telegraph—Copyright. (Received March 19, 8.30 p.m.) LONDON, March 19. "The Times,” in an editorial, states that Mr Hill's reasons for summoning the Premiers’ Conference constitutes a bitter indictment on the Federal Government and the Labour Party.