N.S.W. POLITICS

Waipukurau Press, Volume XXVIII, Issue 120, 16 May 1932, Page 5

N.S.W. POLITICS

Sydney Exchange Boom LANG’S LEGACY TO NEW GOVERNMENT By Telegraph—Copyright —Press Assn SYDNEY, Last Night.

On all sides there were expressions of relief and exultation over the political outlook. - Share values on >. the Stock Exchange soared under the influence of one o£ the most remarkable buying waves for years. The. morning call of the exchange was extended long pafet the usual period, and such was the volume of'skies' that 'clerks found difficulty in keeping pace with the deals. A similar report comes from Melbourne, where the daily papers stress the wholesome effects of Mr Lang’s dismissal. The Lang Government occupied office for about 18 months, during which he received accommodation, from the banks aggregating £25,000,000. The incoming Government will have at least £4,000,000 leeway to make up for the financial year ending Juno 30. HONOUR AND MORALITY -■ h. •’SYDNEY, Last Night. In a brief statement to-day the new Premier of New South Wales, Mr Stevens, emphasised that he would work in harmony with the Commonwealth and the- other State Governments in an endeavour to establish a proper and reasonable balance between the price levels.

“The reconstruction of our shattered finances, the restoration of confidence, security, and of political honour and morality: that will be the keynote of bur campaign,” added the Premier.