AUSTRALIAN LABOUR
Prrss Assoi'iation-
."Pnst" Sperial Service.
OPINION OF DOMINION .PRESS OUTBURST I ' ■ RENEWED.-"" j "LAND OF'PROPAGANDA."
— Oonviifi'ht.
By Telephont—
SYDNEY, Monday. With a, front-page streamer reading, "S.O.S. from the Land of Propaganda," the Labour Daily says: "How correet was this paper's recent diagnosis of the financial and economic position in New Zealand lhay be gauged by the cablegram from -Wellington, published here on Saturday. Panic has seized the Tory Legislature in the land of Messrs Forbes ancl Coates. Since the Labour Daily's criticism awalcened the slumberous Dominion to the realities, there has been the first real stock-taking. Niemeyerism — the mere slashing of earnings — has failed even mofe dismally than in all the other countries where the "Otto" blight has fallen. For two years the New Zealand Tory Press cloaked the perilous position there by drawing attention every day to the shocking example of Australia. As the result of this slandering of the Gommonwealth, our securities depreciated from 25 to 35 per cent. below par, while those of New Zealand had gone up to a premium of £7 10s to £17 10s above par. Had the propaganda been the other way the prices would have been reversed in favour of Australia and against New Zealand."
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Bibliographic details
Rotorua Morning Post, Issue 2, 25 August 1931, Page 3
Word Count
205AUSTRALIAN LABOUR Rotorua Morning Post, Issue 2, 25 August 1931, Page 3
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