MR SCULLIN’S STAND

Hokitika Guardian, 12 January 1931, Page 3

MR SCULLIN’S STAND

ACyATNST INFLATION. (Australian Press' Association.) S MELBOURNE, January If. The Prime Minister, Hon. J. H. Scullin, and also the Attorney-General, - Hon. Mr Brennan, arrived here yesterday from the Imperial Conference. Thousands of people cheered them on arrival. » Air Scullin is looking much improved f in health. j “There is no welcome like an Australian welcome,” the Prime Minister } cheerfully observed, when he was inMr Scullin added that his main de- ’ sire was to be relieved of the Federal Treasureship, and he frankly said that lie would like to have Air E. G. * Theodore hack in the Cabinet. Mr ' Scullin appealed to bis fellow-country-men to lend him all possible aid in the present difficult times. He was convinced that there was bur little hope of securing an immediate loan on the London market, with Australian five per cent, one hundred pounds bonds on offer as low as seventy-nine sterling. He, however, believed that when confidence had been restored in London—when the financiers definitely got it out of their heads-that Australia warf likely to default— t-his stringency would ease, and; better days would re--turn. ’ Mr Scullin said that, realising also that- there is certain to be a heavy Commonwealth deficit, he cannot see how it would be possible to balance’the budget, and the best that he can' promise to this end is a further-trim-ming, down of the expenditure, the exact nature of which lie is unable yet to disclose. Above all, Air Scullin is emphatically opposed to the Federal Labour Party Caucus plan for dangerous, uncontrolled inflation. Air Scullin said lie had heard rumours of a plot for a Cabinet re-shuffle, but he has sufficient confidence in his colleagues to think that they will hoar his views before any attempt in that direction is launched. HON. C. FORBES. , ADELATDFJ, January 11; > Hon. G. W. Forbes, Premier of New Zealand, and party, were cordially Welcomed to South Australia by the State Premier, Air Hill and other Ministers yesterday. Air Forbes said that he saw no sign of any improvement in the trade conditions in Britain. .The prices of primary products were extremely low. He could only hope for tlie best. HOPES OF SCULLTN(S WORK. LONDON, January 10. The “Daily Mail,” in a leading article, says:—Great hopes are being ..built on the, future action of the Rt. j Hon. J. H. Scullin, who apparently, is taking vigorous measures to.cope with Australia’s financial- crisis. Much de- . pends on wli.at he does. .diiriVig’tlie next, few weeks. - The- Austrhliaif/situation' ( should;..open the .-'.-British,’’' politicians’' . eyes and show them the need-bf drastic , economy being effected hefe.liefore. it is too late and before; irreparable mis- , chief has been clone.;-- • •: | ~ ■ ( AIR LYONS’ ATTITUDE. , HOBART, January 10. ‘ , In a speech at a dinner, Air Lyons, j Acting Federal Treasurer, said : “I am f cpiite willing to stand down if others ( can do the job better.” | He paid a tribute to Air Scullin, whom; he said, he was delighted to. follow. Air Lyons added. “W'hat.becomes of me is of no consequence, but what happens to Australia mat- t ters a great deal.”