A CONFERENCE
BANKER. AND LABOUR
(Australian Press Association.)
(Received this day at 12.25. p.m.* MELBOURNE, Sept. 2. Sir O. Niemeyer and Mr Kershaw of the Bank of England had an interview with the President of the Australian Council of Trade Unions (Mr Duggan) and other representatives, with the object of discussing the general effects of the financial proposals, and the steps proposed to take to meet Australia’s obligations, The Unionists said they resented strongly the attacks that are being made on the standard of living ot workers. They urged a reduction in interest both on desposits and advances, together with a reduction of interest of external loans and rates of exchange, which would bring about financial savings without adverslv affecting wage standards. Sir Otto suggested a conference between representatives of Unions and employers, with a view to agreeing upon a percentage reduction of wages and prices.
Niemyer and Kershaw leave Sydney on Thursday for New Zealand.
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Hokitika Guardian, 2 September 1930, Page 5
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156A CONFERENCE Hokitika Guardian, 2 September 1930, Page 5
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