FEDERAL FINANCE
A PRESS APPROVAL
[United Press Association —By Electric Telegraph.—Copyright.) .
(Received this dav at 9. a.m.) LONDON, Nov. 2
A striking expression of confidence in Australia’s future, despite the present complications, is embodied in a “Financial Times” editorial which expresses satisfaction at the triumph of moderate opinion at the Federal Caucus, stating this implies honouring the pledge given by Mr Scull in.
It adds that it will be necessary for capital and labour to move more or less on parallel lines. There is no ground to apprehend other than satisfactory emerge lice from the troubles which are little more than skin rashes considered in relation to the underlying vitality of the economic structure of the Commonwealth. 1 here was never iiny substantial justification for fearing Australian twin, would not he buttressed by appropriate action by both Commonwealth and States. A great deal to stabilise the financial position has been done alifendy find 'the aggregate of progress is material.
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Hokitika Guardian, 3 November 1930, Page 5
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159FEDERAL FINANCE Hokitika Guardian, 3 November 1930, Page 5
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