TRENCHANT CRITICISM

Wanganui Chronicle, Volume 74, Issue 241, 12 October 1931, Page 8

TRENCHANT CRITICISM

MR THEODORE HITS OUT LANG GROUP AND THE BANKS By Telegraph—Press Association—CoDyrignt.; SYDNEY, Oct. 9. Mr E. G. Theodore (Federal Trea;urer) made his first public appearance since the Mungana prosecution in ■is electorate at Balmain to-night. He utterly attacked the banks and also lie Lang group of State Labourites. He said that tho organised banks ; Acre dictating tho Government’s ecoj lumic and financial, and even the in- ; lustrial, policy. Tho Commonwealth Government is therefore not satisfied •.ith tho present state of affairs and .ntended to insist on a radical change ■ n the mode of controlling the monetary system, as well as the credit resources of the country. The Prime Minister would shortly be formulating on behalf of the Labour movement Labour’s aspirations in this direction and a clear-cut issue would be preented to the people at the forthcoming general elections. After further elaborating the Govrnment’s difficulties, all of which he attributed to the banks, Mr Theodore declared that the Lang faction, ..hich was making endless trouble ior the Labour movement, was a crowd •»f liver-lunged, low-brows, typifying a Corm of a reckless, destructive, and unintelligent autocracy who were rearing a tradition of irresponsibility, chiefly in New South Wales, which, if allowed to go uncurbed, would inevitably extend throughout the Commonwealth. Mr Lang’s own Parliamentary followers had been reduced to the status of slaves and factotums at the beck and call of a group of Trades Hall swashbucklers. N.S.W. FINANCES THREE MONTHS' DEFICIT SYDNEY, Oet. 10. For tho three months of tho present ituancial year the State expenditure exceeded the revenue by £7,164,764. I’he revenue totalled £8,052,192, a net decrease of £586,105. Expenditure J amounted to £15,216,956, an increase of £2,049,283, compared with the corresponding period of last year. Inludcd in this year’s expenditure, however, are interest payments which fell duo last year. At the same time six lotteries have been drawn. Tho payments into the consolidated revenue amounted to £69,650. RAILWAY COMMISSIONERS CONFLICT WITH PREMIER SYDNEY, Oct. 9. It is learnt that Mr Lang is determined that the Railway Commissioners shall carry out his instruction to restore seniority to the strikers of 1917. It seems that the Chief Commissioner .’.as formally notified the Government that the Commissioners have been advised that the minute cannot legally be carried out. The Telegraph says that Mr Cleary is considered to hold an absolutely impregnable position. lie was appointed n 1929 for nine years and cannot be removed, except by a resolution of both Houses of Parliament. The Premier’s prospect of getting sucn a resolution .lirough the Upper House is regarded as hopeless. AMERICA MAKES A MOVE MOBILISING WOULD OPINION WASHINGTON, Oct. 9. The United States Government is preparing to make a definite move in the Manchurian situation. The indications are that it will seek to mobilise w’orld opinion against further Chinese-Japan-ese hostilities.