AUSTRALIA WILL PULL THROUGH HER TROUBLE

Star (Christchurch), Issue 19154, 21 August 1930, Page 1

AUSTRALIA WILL PULL THROUGH HER TROUBLE

AMERICA CONFIDENT OF ULTIMATE RECOVERY. (United Press Assn.—By Electric .Telegraph—Copyright.) NEW YORK, August 20. The “New York Times,” iu a leader headed “Australian Finances,” states: “Conferences continue to point to the financial embarrassment of the Commonwealth. Obviously something will have to be done. Mr Scullin has struck out for increased revenue, which is held not to improve the outlook. Although it is evident that some emergency measure must be invoked, there can be no doubt about Australia’s ultimate recovery. She has great natural resources and her people are confident. They realise that they have been extravagant, but are ready to face and conquer their difficulties with courage and’ intelligence.’* SPECIAL CABINET MEETING CONVENED. MELBOURNE, August 20. The combined Premiers and Treasurers’ conference dealing with the Australian* financial crisis forced the Federal .'Ministry to convene a special Cabinet meeting which was heid at the Prime. Minister’s residence at Richmond to-day. Mr Scullin was still very unwell, but adhered to his intention to begin tlie journey to London to-morrow. The Premiers’ Conference was most anxious to ascertain from him whether he would agree to a group of State Ministers handling the financial situation along non-part}'- lines. It is understood also that the Labour section of the conference is desirous that Mr Theodore should again take up the portfolio of Treasurer and act-ing-Prime Minister, since he alone is thoroughly conversant with the financial position. It was reported that Sir Otto Niemeyer intended to issue a comprehensive report on the subject of his mission.

Late to-night it was announced that the Federal Cabinet had agreed to summon Parliament for a special session to review the Budget and severely curtail expenditure.