AUSTRALIAN BANKS

Wairarapa Age, 6 April 1934, Page 5

AUSTRALIAN BANKS

THREAT BY LABOUR FORCES DENOUNCED. FEDERAL GOVERNMENT OPPOSES interference. "LYONS’S MESSAGE TO PEOPLE. (Received Thursday, 10.20 p.m.) SYDNEY, April 5. Addressing the Unite! Australia Party convention of 350 delegates at Sydnev to-day. the Prime Mir ister, Mr' J. A. Lyons, referred to the threat by both the Federal and Lang Labour forces to overthrow the trading banks. "There will be no banks open in Australia if these people get control again,” he said. "The banks were a sheet anchor during the stormy days we have passed through, saving us from failure.” said Mr. Lyons. "We cannot allow any 'ly scheme to destroy them. My message to Australia is that th? present Government will stand four square in opposition to any attempt to interfere with these institutions, which hold the savings of the people.” The announcement was received with' prolonged cheers. Mr. M. B. S. Stevens. State Premier, 5n the course of an address on the extent of the Government’s taxation relief. said: “We shall continue this policy, effecting a further reduction in lax levels, also new proposals -will be submitted to Parliament at the end of the month to relieve unemployment. Additional work will be provided for thousands of men who receive special winter allowances.” He emphasised that the spirit of progress had reappeared in the community and the “fear psychology” engendered by the Lang Administration had gradually been overcome. The new Upper House would give the public a sense of security and confidence.