FEDERAL POLITICS

Hokitika Guardian, 31 October 1930, Page 6

FEDERAL POLITICS

(Australian Press Association.)

CANBERRA, Oct. 30.

The Federal Labour Caucus to-day agreed to the reduction of the salaries of members by ten per cent, and a reduction of the Ministers’ salaries by fifteen per cent. Both House of the Federal Parliament met formally to-day. The House of Representatives adjourned until next Wednesday, and the Senate until November 12, after feeling reference -had been made to the deaths of two ex-Minilster, Sir Neville House and Sir James McKay.

INDICATIONS OF LABOUR SPLIT,

CANBERRA, Oct. 30.

In the Federal House of Representatives, speaking on the -Acting-Pre-mier, .Mr Fenton’s motion for a wefek’s adjournment. Mr Latham the Leadei of. the Opposition, severely criticised what he termed the Government's “shilly shallying.” He said that the Commonwealth was., drifting, at the rate of thirty thousand sterling per day. The result of the New South AVuiles election,, on which the Government had . been waiting, had greatly aggravated the position, and never had there been such an exhibition of incapacity .as this by any. Government. The Acting Prime Minister, Mr (Fenton, was in the act of replying, when, to the amazement of everybody, Mr ißjley, .-ft junior meml>er of the Labour Party, moved the “gag.” Pandemonium prevailed. Mr Fenton turned, to Mr Riley, and requested him. to call the division, i The Opposition members shouted “You, are gagging your own leader!” , Tims a division was taken. Then „ . further sensation followed when Mi Lyo ns, the Acting Federal Treasurer, and also a private Labour member, Mr -Guy, crossed the floor and voter, with the Opposition. The motion that the question be put was then . carried by ■3B votes to 28. Mr-Lyons’s . attitude . has accentuated the division in the Labour ranks, and the, gravest political developments are expected. ;'rivA Vi'SipULLIN’S ATTITUL® : UPHELD. I/ON DON , 0< t. 30. 'Tlie “Financial News’ 5 says:— ‘‘Authorities close in-L-touch :: With events in Australia believe that niatt4rs‘ are tepidly approaching a decisive, .stage,.. The. policy of releasing credits ''to'"heljp iiidustFjr . means,, bluntly - inflation, which, dan only lead to disaster It is becoming clearer daily that Mr Scullin’s personal influence mujst be exercised to the utmost if it is to be .secured for the principles of soup4^ nance £\ 1 ; c

N.SiWv share MARKET

SYDNEY, Oct. 30

Although conditions on the Stock 'Exchange are quiet, the market retains its -strength::.. Sound stocks are •benefiting. <• : ■Commonwealth loan stocks are also making a good recovery. Five of the issues .have, risen from two to C-four points.- • -- ; j '■ ... Rank .shares; has. displayed a hardening "tendency. • * ■ • A -Commercial Bank of Sydney shares dose iSsri’ Australian Bank of Commerce shares have recovered to par. The Bankr of - New • South Wales shape put on 7 s 6d. -,. V ! I' t ' !J= • 1