DOUBLE DISSOLUTION.

Wairarapa Age, 1 November 1930, Page 5

DOUBLE DISSOLUTION.

AUSTRALIAN LABOUR PARTY’S PLAN. CAMPAIGN ON “CREATION OF CREDIT.” ASSURANCE BY SIR GEORGE PEARCE. United Press Association.—By Electric Telegraph. —Copyright. (Received Friday, 10.45 p.m.) CANBERRA. October 31. There is reported to be full confidence that the Labour Party is now going straight ahead for a double dissolution and a general election. The main Issues will be the creation of credit and a challenge to the banks, which allegedly are “holding up the country and starving industry.” The only obstacle to the party’s progress is the Senate, which is largely antiLabour. Sir George Pearce, Leader of the Opposition in the Senate, issued a statement on this subject to-day. He assured the thrifty citizens of Australia that the Senate could be relied upon to safeguard their savings from legislative spoliation and that the Senate would not be deterred by threats of a double dissolution. He pointed . out that over four millions of Australians had £200,000,000 deposited in the savings banks, apart from thousands who had deposits in trading banks and savings in insurance companies.

MR. BAVIN RESIGNS. (Received Friday, 9.5 p.m.) SYDNEY, October 31. Mr. T. R. Bavin to-day tendered the resignation of his Government to the Governor, but agreed to carry on until the formation of Mr. Lang’s Ministry. Bond and share prices rose sharply on the Stock Exchange to-day, the market developing considerable strength. A more optimistic tone prevailed as a result of the Federal Government’s compromise on measures to deal with the financial drift.