FEDERAL POLITICS.
EAST SYDNEY ELECTION. FEDERAL POLICY ADOPTED. NATIONALISATION OF BANKING. United Press Assn. —Elet> Tel. Copyright. SYDNEY, Feb. 17. The federal executive of the Australian Labour Party to-day decided that the East Sydney by-election campaign shall be opened by the Prime Minister and shall be fought according to the Federal Labour Party s platform and policy. The executive approved Mr Theodore's readmission to the Cabinet and instructed the Government to submit certain demands to the banks, to facilitate the operation of Mr Theodore's financial policy. Failing the banks’ compliance the Government is urged to give effect to the party s plank, namely, the nationalisation of banking. LONDON, Feb. 15. The Observer, after referring to New Zealand’s bold, brave attempt to face realities, says the adoption of Mr Lang's scheme will destroy Australia's credit abroad and impoverish thousands of her citizens at home. Mr Lang's parallel of the American debt settlement is wholly fallacious, but Mr Scullin’s proposal to lengthen the war debts redemption period is quite another thing. The paper says Mr Theodore’s limited inflation plan is specious. Australia is not yet out of the wood.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WT19310217.2.58
Bibliographic details
Waikato Times, Volume 109, Issue 18255, 17 February 1931, Page 7
Word Count
187FEDERAL POLITICS. Waikato Times, Volume 109, Issue 18255, 17 February 1931, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Waikato Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in