AUSTRALIAN NEWS
LABOUR RESOLUTIONS. STARTLING DECISIONS. (Australian Press Association.) (Received this day at 8 a.m.) MELBOURNE, Oct. 15. The Federal Executive of the Australian Labour Party concluded an important conference to-night anc} announced a series of startling resolutions favouring the nationalisation of hanking and insurance, opposition to wage reduction, utilisation of the nation’s credit for the stimulation of industry and liquidation of loans, reduction of interest on bank credits, and with Great Britain concerning Australia’s war indebtedness.
An official statement accompanying resolutions set out that the executive was faced . with conditions unprecedented in the history of Australia and if was necessary for the labour movement to act in complete unison in order to protect the interests of the matfses of the peoples, whose standard of living was being attacked by mercenary, unscrupulous employers. The executive called upon the Federal Labour Government to give early effect to the party’s platform, especially those planks relating to banking and insurance.
Strong condemnation was expressed of Sir Otto Niemeyer’s policy. It was decided to cable the resolutions to Mr- Scullin. A CHURCH HONOUR. .Received this dav at 8 a.m.) • SYDNEY, Ot. 10. Archbishop Kelly announced that a brief is on the way to Sydney from the Pope, constituting St. ]Mary’s Cathedral as a minor Basilica. The honour was conferred by the Pope in recognition of the remarkable success of the International Eucharistic Congress, held in Sydney in 1928 FEDERAL LOAN PROPOSAL. MELBOURNE, Oct. 1G The Acting Federal Treasurer (Mr Lyons) announced that as soon as the time |was considered propitious, a conversion loan of twenty-seven millions sterling would be placed on the Australian market. This is the amount of the Commonwealth and State borrowings, falling due in December. w-
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Hokitika Guardian, 16 October 1930, Page 6
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285AUSTRALIAN NEWS Hokitika Guardian, 16 October 1930, Page 6
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