N.S.W. FINANCES

Hokitika Guardian, 14 April 1932, Page 5

N.S.W. FINANCES

LANG’S CHEQUES

NEGOTIATION DIFFICULTIES.

(Australian Press Association.)

SYDNEY, April 13

Though the assembling o, the Premier's Eomerence at Melbourne has given the Now South 'Wales Government a .temporaly respite from tno Commonwealth's financial blockade, the most pressing problem to-day wa» the distribution of the public service lurtnightly pay. It is understood that the salaries will Ml he paid in full to-morrow, blit some delay may arise in adjusting matters in the country.

Public bodies and storekeepers in the country are unable to negotiate tile Lang Government cheques, and until some kind of an emergency organisation is set up, the widows’ pensions and child endowment payments cannot by made. The Commonwealth Bank, however, is making temporary provision to pay receipts as from to-morrow.

THE STATE CABINET,

COUNTERING FEDERAL ACTIONS

SYDNEY, April 13

The newspaper “Labour Daily” states: At the moment, a Cabinet sub-committee is concentrating on pre. venting the leakage of racing and entertainment taxation. Bookmakers and racing clubs who prove disloyal to the State,’ .and pay taxation to the Federal authorities, will most likely he delieensed. The position of the Banks in lending themselves to the Federal “break and enter” campaign is being analysed by a legal sub-committee. It is considered likely that civil action will he taken by the Government against one of the most important, hanking institutions claiming heavy damages.

TEN MILLION LOAN. TO AID UNEMPLOYED. SYDNEY, April 13. The Sydney “Sun’s” Melbourne correspondent says: Tt is believed that the Premiers’ Conference has arranged with the- banks to obtain an advance of ten millions for public works in order to absorb the unemployed, provided that the States reach an agreement to persevere with the original Melbourne economic plan.

REDUCED WAGES RECOMMENDED BY UNEMPLOYMENT EXPERTS. MELBOURNE, April 13. The Unemployment- Experts Committee which is to import to the Premiers’ Conference recommends that the Arbitration Cuts and Wage Tribunals shall he authorised to redtico wages over Australia by ten per cent, where this has not alreadv been done

It also 'recommends that Parliament shall authorise the Commonwealth Bank so to manage the exchange rate that an equilibrium between costs and prices may be achieved as a basis for the restoration of employment. The Committee also recommends a systematic revision of the Tariff with the object of promoting employment. It is also emphasised that further efforts towards economies should b? insisted hi the case of ail of the Governments.

HOGAN GOVERNMENT TO RESIGN

MELBOURNE, April 14

In the. Legislative Assembly the no confidence motion was carried by 29 to 25 and the Hogan Labour Govern-

ment is to resign. The. censure was based on the actingPremier's evasive reply to the Opposition leaders on. a question whether the. economy rehabilitation plan was continuing for a further six months. There is now a strong movement to form a Nationalist Government, to be led by Sir Stanley Argyle.

•POSTPONEAIEXT OP CONFF.R KNCI MELBOURNE, April 13.

The Prime Minister, Air J. A. Lyons, announces that the Premiers’ Conference which was fixed to open to-day, is not meeting until to-morrow, owing to there being a crisis in 'the Victorian 'Parliament, which is preventing the Victorian representatives from attending.

It is undorstod that if tho Victorian Government should b„ defeated, the Conference of Premiers will We postponed until a new Victorian Gmcrnnioiat is elected.