BRITISH PARLIAMENT

Hokitika Guardian, 3 May 1928, Page 3

BRITISH PARLIAMENT

(United Press Association. -By Electric Telegraph.—Copy right.)

(Received this day at 1.5 ji.in.’ IN THE COMMON-. LONDON. .May 2. In the Commons, Mr Baldwin m aii.s.w.er to .Cavendish raid lien lick said no useful purposes would he served in calling a conference of coal owners to discuss steps to reorganise the industry, win n lhey would receive a rate relief. It was extraordinarily important to the coal industry, hut the Budget was designed to improve all industries.

Mr Amery in Answer to a question said correspondence with Canada in referent e- to the Auglo-Eg\ piinn Treaty had not reached a -la:-'- when it was pos-ible to make a statement. A Bill transferring currency note issue assets for redemption thereon to the Bank of England was read a first time.

A. Alexander moved to amend the Budget resolution by removing the proviso limiting the reduction- of sugar duty to sugar, not exceeding polarisation of ninety-eight degrees. Sir |;. Samuel said the Budget aimed at assisting a refund to tmindustry in which employment hud declined 25 per rent since 192-1. U was hoped as a icsult ul the ledue-tio-i in duty iha-t an additional sixhundred thousand tons of sugar would he refined in Britain yearly by big refineries which had undertaken to maintain the reduced price for at least three months

Mr Snowden said if all British refineries worked at full pressure they (•onld not increase the output more tban three hundred thousand tons Tla refiners undertaking lower P'uc.vs was hull hug ll would take tii'ce months lo work oil the sticks H kt.i lud been bought at uiipie(cdoidc-’lv low prices. Air Snowden added that as soon as Mi- Churchill consulted the refiners their shares jumped up hity per cent and millions were made on the Stock Exchange. The ifanieiidment was defeated hv 236 to 115.