N.S.W. ELECTIONS

Hokitika Guardian, 28 October 1930, Page 5

N.S.W. ELECTIONS

PREFERENCE VOTES UNCOUNTED

(Australian Press Association.)

(Received 10.30 a.m.)

SYDNEY, October 28

Until the second preference votes are distributed later in the week, it will not be possible to state definitely the result of the poll in six doubtful electorates. ■' LABOUR CAUCUS DECISION

The “Herald’’ says the Federal Labour members including the cornier treasurer, Mr Theodore and Air Beasley attacked Sir O. Niemeyer at a meeting of the Parliamentary Labour Party. A resolution rejecting the tariff and industry policy enunciated hv Sir Nieiriever was carried unanimously. Vigorous opposition to the motion came from -Messrs Fenton and Lyons, who pointed out the damaging elfect it would have on Australia’s credit abroad. They also referred to the pledges made at Melbourne conference. Fenton and Lyons evidently did not record their votes.

Mr Theodore addressing the caucus said it might he necessary to preciptate a crisis so that the Government could dictate to private hanks and force them to release credits.

BANK CHAIRMAN’S ADVICE

MELBOURNE, October 28,

“t think it a pity that Mr Lang won, since it will delay the adjustment necessitated by falling} prices,” said the Chairman of the Associated Banks, (Mr Tranter), “but it can have no more effect than that Mr Lang can do very little. Anything like a panic is to be deplored. People must not he foolish to throw away good securities just because a reactionary happens to become Premier ,-f an Australian State. Air Lang will not be able to float loans abroad even at fabulous rates of interest.

THE TIMES VIEWS,

(Times Service)

(Received this day at 10 a.m.) LONDON, October 27

The “T imes” commenting on the N.S.W. Election says after the sorry record of Mr Lang’s previous premiership, his return to office Would occasion misgiving at any time, but it is doubly unfortunate at the present moment. Lang’s campaign against MiBavin was, a campaign against the whole policy of economy. The Australian electors are likely to find that the putting off of the evil day will only intensify it. For the Federal Ministry the situation is delicate and unpleasant, hut Air Sc-ullin’s declaration that obligations will be honoured is the real Australian spirit, and makes us share Air Scullin's confidence that Australia- will see through.

BRITISH COMMENT.

LONDON, Oct. 27

The "Morning Post’s” financial editor says while it hopes there will be no disposition here to unduly emphasise the influence from Mr Lang’s success, it fe impossible not to realise the event is a most serious development in the Australian crisis. Recalling the valuable effect of the Commonwealth and State Government’s acceptance of Sir 0. Niemey&r reforms when Australian securities had dropped alarmingly, it continues that directly after Air Scullin’s departure, the Labour extremists commenced on agf-ntum against the (reform. Air Lang during his election campaign ruthlessly attacked the acceptance of the Niemeyer proposals. In view of his electoral success, there is a likelihood of renewed anxiety here. Despite the result, the .Scullin Ministry may be able to carry through the original resolutions, but the mere fact that such a large flection of the Australian community .failed to recognise the causes of the present situation. its seriousness and the need for prompt, decisive action, cannot fail to disturbingly effect Australian credit at a time when it stands in such need of support. The "Daily Express” drags in Air Forbes to supply the test of its daily, much displayed, matter, supportin'? Lord Beaverbrook’s Empire trade campaign against the official Conservative candidate in South Paddington bye-election, condemning Air Baldwin’s support of the wheat quota system which the “Express” describes as one of the most advanced .Socialist measures of our time. It describes ns a 4Kunbshe.il the interview Air Forbes gave a 'Sunday paper, in which he erej'Ci twin ted his previously expressed lack of faith in the quota system and his belief that it was an unisatisfnetory substitute for preference. The "Daily Express” claims this ic the greatest impetus its candMntes had received in favour of a full policy o' taxation on foreign food stuffs and preferences throghout the Empire.

It is significant that the News Agency to-night sent out the statement by Air Forbes:—"l do not want my views to he broadcast, Ido not want to be drawn into any local campaign.”