A NEW SOCIALISM

Hokitika Guardian, 24 February 1931, Page 3

A NEW SOCIALISM

SIR 0. MOSLEY’S PARTY. .MPERIAL POLICY OUTLINED. i United Press Association. —By Eieclru Telegraph.—Copyright, j LONDO.s, February 23. Preliminary to the forming ol a new National Socialist Party, a campaign is being held throughout the country. Sir Oswald Mosley is expected to resign from the Labour Party on i ebruary 25th. “The Mail” states:—Six letters of resignation from flu.' Labour Party have already been written. The “Daily Sketch” understands tha. ttlie resignations include that pi Lady Mosley, Mr G. J. St. Leo Staireliey, and Mr C. U. G. Brown. The group who are resigning are likely to he "supported by several leading industrialists, including Sir William Morris. The group is frankly lor the socialising of Britain, hut not for a dictator ship, Sir Oswald told the ‘‘Sun Herald” referring to manifesto ‘‘a national policy” is being issued to-day. The manifesto states that tne creation of a twenty years plan tor the orderly and balanced development of the resources of the Empire would be one ol the greatest steps towards the conquest of economic .security and wcN being. With the power of centralised buying in our hands, we count give the Dominions an advantage and one compelling a rapid development ot the Empire’s economic unity, while also maintaining olir relations with other countries oiiering us substantial maikots, and diverting our purchases from the countries that were taking little or nothing in return. An imperial planing world would provide for the steady industralisation of parts ol the Empire which are not soil governed.

Sir 0. Mosley says that he lias 'discussed the manifesto with various industrialists, financiers and trade unionists during tho preparation, and also with representatives of the Dominions. The latter, he says, gave a large measure of approval to his Empire proposals. Sir O. Mosley urges what, he terms insulation, instead ol protection. His organisation lor goons and raw mniena'ls, lie says, would range irom bulk purchases''to license quotas issued by an Imports Control Bound. Other imports would have a Commod t\ Board for each commodity or group ol 'ltem, working in analogy to the machinery under the Dyestuff Act. The manifesto urges flic granting if export credits, making possible a reaMy’large scale of exports of goods to Russia from the heavy industries in Britain', lie says Britain slim'd atrree to cancel all of her foreign war debts, T the United States docs the same.

|j„ stVitcs tha‘ the stabilisation ol world price levels is indispensable. This eoukl best he effected’by tho cooperative management of the world’s stock gold by great Central Banks. As there .seems no substantial expectation of this .the next host thing would he the ..achievement of a stable imperial price level by the Central Banks of the, Empire by moans ol in-ter-imperial regulations, freeing the currencies irom the world .monetary chaos.

The manifesto proposes a smaller, inner Cabinet Committee of five or six Ministers, without portfolios, and tho

simplilieateiou of Parliamentary procedure enabling the Executive to act with swiftness and precision. It urges the creation ol one Ministry of .Defence, controlling the Army, Navy and the Air Force. It suggests that it will be found that the British are spending vast sums on obsolete armaments, which are capable of a sharp diminution. A drastic reduction of sinking funds is proposed and . also proposes duties on luxury imports. .

Sir 0. Mosley is opening his campaign throughout the country in March with half a dozen of hjs followers.