NO REPUDIATION.

Wairarapa Age, 28 August 1930, Page 5

NO REPUDIATION.

FEDERAL PREMIER’S STAND PLAINLY DEFINED. DEFAULT WOULD BE CALAMITOUS ACTING-LEADER’S STATEMENT. United Press Association.—By Electric Telegraph.—Copyright. (Received Wednesday. 7.15 p.m.) Sydney; August 27. “If the Labour movement throughout Australia endorses the . war debts repudiation ultimatum of the New South Wales militants, a breach between the Labour Party and its Federal Leader is inevitable,” says the “Sydney Sun.” “Mr. Scullin’s last recorded speech before sailing for London contained this statement: “Repudiation suggests a default that would be calamitous to the whole structure of the present system and would throw nearly a million people out of work. Such a suggestion could not be tolerated.” Mr. Fenton, Acting-Prime Minister, to-day said: “We have no intention .of repudiating' the agreement reached ' at the Melbourne Conference. ’My Government has concurred in the conference resolutions and we shall at all costs stand by the agreement.” (The industrial and political wings of the New South Wales Labour movement, at a conference, decided to recommend that the Federal Labour members of Parliament should repudiate the financial agreement reached at the recent Premiers’ Conference in Melbourne. Among other drastic measures recommended was the cancellation of war debts and the declaration of a five years’ moratorium on interest payable on overseas Commonwealth loans.)