FINANCIAL CRISIS.

Dominion, Volume 3, Issue 765, 14 March 1910, Page 5

FINANCIAL CRISIS.

LORDS AND COMMONS. THE LATEST DEVELOPMENTS. GUARANTEES OR DISSOLUTION. Br Telegraph—Presi Association—Copyright (Eeo. March 13, 5 p.m.) ... London, March 12. Sir A. I\ Ackland Hood, principal Opposition Whip, speaking at Wellington [Somerset), said he anticipated that Mr. isquith would resign within three nonths, for which a financial crisis was aeing prepared. • The "Manchester Guardian" declares ;hat the electors have commissioned the jovernment to suppress the House of Lords' insurrection. By granting Supply :or an extended period, , ihe House of 3ommons would commit itself to approval ofthe Government's doings throughmt the session. "'-.■■' Unionist. newspapers are republishing Hr. Winston Churchill's speech which was iabled on February 23. rin the speech referred to in the above iablegram, Mr. Winston Churchill depre:ated using the Budget as a financial ever to force a constitutional change. Phe loss of the Budget would, he argued, x a' terrible vindication of the 'House of Lords' action. Ministers, he informed the House, had discussed the policy of refusing to meet Parliament, and had cqn:hided that this would be neither wise nor courageous. The House must wait patiently for the Government proposals. lYheh they were introduced the Government would stake its whole existence iipon;carrying them into law.] ['■ ' ' THE VETO BILL. -•,•: IF THE LOBDSEEJECT IT. ' (Eec. March 13, 5 p.m.) ;,. London, March 12. Several: newspapers anticipate that if ;he House of Lords Tejects or postpones ;he veto resolutions of the House of Comnons Mr; Asquith will ask the King for ruarantees or appeal to the country. : THE ARMY.' MR. HALDANE CONCILIATORY. ; , London, March 12. In the House of Commons, Mr. Hallane,, Secretary of State for War, yieldng to Opposition protests, promised the irmy.Bill before Easter. Ho announced ;hat he was taking sufficient eupply for ;he Army for several months. The Unionsts thanked Mr. Haldane for his coniiliatory attitude. ' ■,■'.: ; ; ; ; MONEY." PENSIONS'; AND CIVIL SERVICE. . ; . • -■■.' '■,;■;• London, March 11. "The Times" declares that the Governnent contemplates bringing all its power a bear to carry on thebusiness of the iountry. tiU. about the middle pf May, ind adds:—"There will be no money to jay for tlie civil services and old-age jensions." :■ . ? - ■'. ■ ■ ■'■ : The Opposition' attribute the postponenent'of all services until tie middle of llay to the Government's desire to avoid lifnoulties, should a - ohange of. Cabinet iccur,■';'■.'.'.•.'■■.. ■.'".■ .:• ". ■;. ■' ■ : ■':•;■., PRESSOPINIONS. AT PLEASURE." ,■•.. ■■'■' : London, March 11.' The "Westminster Gazette" justifies a ix weeks' vote, on the ground that' the jover'tinierit is ! boun'd' i td "retain |for I "tie louse of Commons the pownr of .controling the situation. The "Gazette" adds : 'The Unionists had beenhoping if Supply cere voted until August they would have ieen- enabled, to ,postpone or. precipitate i dissolution at plDasure." ; , . • The ,"Star" ■■ says the . meaning of the lovernmenfs sharp. action is to avoid'.a lissolution. The will be' ended >y refusal of supplies until the passage if the .Veto Bill-is assured. , , .. The "Globe" says the electorate will nake a ..very practical retort when it earns that pensions are!to be withheld 6 .enable Mr. Asquith arid Mr. LloydJeorge to. retain office...... . . ... The"Morning Leader," referring to the lebate in the House of Commons, says: — The Government lias at last realised hat revolution must be met by counterevolutdon.". .... : . .' . ' THE WHISKY DUTIES. ; '■ TO BE IBANDONBD IN,NEW ■■■■■;• v : , . :•■.- BUDGET. : . ;■.....,. (Rec. March; 13, 5 p.m.) .' i , London, March 12. The'■.' Daily. Telegraph" states'that the Nationalists have received , assurances that :he whisky: duties will be, abandoned in he next Budget. .