British Cabinet Crisis.

Hokitika Guardian, 21 January 1922, Page 3

British Cabinet Crisis.

ASQUITH DENOUNCES COALITION. • TOTn^UAN 1 AND N.Z. CABLE ASSOCIATION LONDON, Jail. 19. lit Hon H. H. Asquith addressed the National Association of Merchants and Manufacturers at the Cannon Street Hotel. He said : “The only hope for a commercial and industrial recovery lay in a complete release from Government interference. The shrinkage of their imports and exports formed a striking commentary on the Government’s superficial methods, which ha only aggravated the disease. It was now plain that the Peace Conference had entirely neglected to consider economic reconstruction, it being over eager to reprint the map of Europe. The profligate public expenditure had increased Britain’s difficulties. The income tax and super-tax were estimated to yield four hundred millions in 1922. This was equivalent to a capital levy of the worst kind, as it was repressing commercial enterprise and development. If the present-day converts to economy had only been converted two years ago, then hundreds of millions would, have been saved, and the unemployed problem would have lost half of its senousNo real economic restoration was possible, he said, until the reparations and the Allied indebtedness in Europe had been finally discharged Theie had been ten European confeiences Bince the signing of the Versailles Treaty, these culminating m C Wim/the business world wanted, said Mr Asquith, was flintythe essential measures wanted wer the immediate lowering and the ME mate removal of the tard an ’ and a resolute avoidance of e”tanglmfe engagements, which may tie the S mortgage the future bet™.. »eparate Powers or groups of lowe.i . WIIAT IS LIBERALS’ POLICY? LONDON, Jan. 20. Captain Guest, speakng at a luncheon to the Coalition-Liberal agen s London, asked: “What elector cares two-pence about the This is a contrast with the i 8“ attitude in urging the Ho.u* 0 lord, reform, and it reveal, a Asm clination on the part of ,e , Liberals to deal with the tubjeot dur i„a .the present Parliament, wherein th! Unionists numerically dominate the Coalition. BRITISH POLITICS. (Received This Day at 8.30 a.m.) \ LONDON, Jan. 20 The National Liberal Conference, comprising 2,700 Coalitionist delegates Tmecting at London with a view creating a new party Hewart claimed that their par y 1 the 1 liberal Party and comp an.ed that the old. Liberal Party had Jj' v ® and condemned them unheard, because they supported Hon Lloyd George. He believed Lloyd George’s only ui.forg.ve'able sin in the eyes of Independent Liberals was that at the entical ~.,meut he had shown himself to be the onlv Liberal fitted to lead the Party and Government. Their policy was stil Deace, retrenchment, and reform, w necessity of keeping up their wicket nnd the maintenance of a fair allocation ol Coalition seats demanded a new oig sation.