AUSTRALIAN NEWS

Hokitika Guardian, 12 January 1931, Page 5

AUSTRALIAN NEWS

L A BOUR INSTR UCTI ON. (Australian Press Association) SYDNEY, January 10. There was unexpected dramatic development in the Federal political situation when a special meeting of the State Australian Labour Party executive decided to serve an ultimatum on Federal members representing New South Wales constituencies, that they must advocate a straighout policy ol inflation. Representatives of the State Labour movement at a conference of New South Wales section of Federal Parliamentary Labour Party to be held on Monday, were instructed to advise members there must be no compromise in regard to inflatipp. Opening Parkes by-election campaign, Mr Latham. Federal Xationists Leader denounced the inflation policy of Labours left wingers and assured Mr Scullin of his support—without a coalition. AUSTRALIAN WORKERS UNION. ANNUA L C.CINVFNTTOX. (Received this day at 10 a.m.) SYDNEY. January 12. The Australian Workers Union at its annual convention at the end of January will discuss a pretentious financial plan ns an alternative to the Australian Labour Party’s vowed policy of inflation. The basic idea is that Australia should'-seek a thirty million gold loan from the United States for the stabilisation of Australian currency, expansion of internal credit and to ensure the refunding of Australia’s huge debt on terms equal to those granted in 1923 by the United States to Britain, namely sixty-two years payment at 3.39 per cent. In addition the Convention will be asked to formulate a constructive economic policy for recommeclation to the Commonwealth Government for the abolition of State Parliaments. State Governors, consolidation of State enterprises. social services of the creation of provincial councils.