FEDERAL FINANCE

Hokitika Guardian, 5 February 1932, Page 5

FEDERAL FINANCE

MORATORIUM DIFFICULTY. ( United Presß Association,—By Electric Telegraph.—Copy right, l i LONDON, February 3. “It looks a good thing for the lawyers,’’ was Mr Willis’s only comment on the Commonwealth’s writ. Meanwhile, the Chase National Bank, on behalf of the United States bondholders, in response of Mr Willis’s lhoi«* torium overture, replies that the difficulty of finding a representative body on behalf of the bond-holders is the same there as in Britain, STOCKS RISE SLIGHTLY. LONDON, February 3. Mr Lyons’s statement that the Commonwealth would ultimately be responsible for debts, had a soothing effect in the city, and prices of Australian stocks rose slightly. Some States recovered 20s for 40s. BRUCE CHAMPIONS LYONS. LANG’S REMARKS'TISSUE OF LIES SYDNEY, February 5. Replying to Mr Lang’s criticism, cabled yesterday, Mr Bruce declared that Mr Lyons is the Prime Minister, in the fullest and most complete sense, and bolds the confidence of the Australian people to a degree seldom accorded a political leader. “I am proud to serve in a Government that he is leading,’’ Bruce added. Lang’s reference to unemployment is’a tissue of lies, and his misrepresentation is designed to divert the minds of the electors in East Sydney from Ids own tragic shortcomings.