BUDGET POLICY CHALLENGED

Timaru Herald, Volume CXXXVII, Issue 19450, 27 March 1933, Page 7

BUDGET POLICY CHALLENGED

LIBERAL REVOLT IN CANADA

NO CONFIDENCE MOTION PRESENTED United Press Association—By Electric Telegraph—Copyright (Received March 26, 6.30 p.m.) OTTAWA. March 25. A direct want of confidence motion against the Government was moved in the House of Commons, by Mr J. L. Ralston, financial critic for the Liberals, as an amendment to the motion by the Minister of Finance (Mr Rhodes) that the House go into Committee of Supply on the Budget. The amendment declared: “That in the proposals of the Government set forth in the Budget there is no provision for fundamental changes in existing policies, regarding trade, credit and employment, which is required to cope with the present economic situation. They imply that a continuance of fiscal, and other policies, which have failed to afford a solution of the national problems would have the effect of diminishing trade, decreasing revenues and increasing unemployment, without any correspondingreduction in expenditures, increasing taxation and debt, thereby aggravating the existing depression and distress.” PROPOSED PENSIONS CUT. PRIME MINISTER FACES STORMY GATHERING. United Press Association—By Electric Telegraph—Copyright OTTAWA, March 24. Facing a storm of protests from war , veterans, Mr R. B. Bennett announced that the Budget slash in pensions had been deferred. It is understood that only the higher ratings will be reduced. UNREST IN PROVINCES. NEW ARRANGEMENTS CRITICISED. United Press Association—By Electric Telegraph—Copyright WINNIPEG, March 24. “The Free Press” states that the transfer of the Winnipeg Grain Exchange and trading facilities to Port William or Port Arthur is being seriously discussed by prominent members of the Exchange. A threat of increased provincial taxation gave rise to this talk. The fact that Ontario does not levy income tax, and the great bulk of storage capacity for grain is located at the head of the lakes are the main arguments for the change of quarters. All grain sold in the Winnipeg Pit is sold on a Fort William basis. It is estimated that the movement would mean a migration of 10,COO to 15,000 people from Winnipeg to the Ontario twin cities, while other businesses affiliated with the grain trade here would also be likely to move east.