GLAND'S POSITION

Rotorua Morning Post, Volume 1, Issue 49, 20 October 1931, Page 3

GLAND'S POSITION

— By Telegraph-

monal goyernment's 3conomy programme defended snowden's broadcast

! Assn.-

-Copyright.)

LONDON, Sunday. Philip Snowden, in a broadcast ss, regretted that controversial questions were being introdueto the electioh. He did not bethat the Conservative leaders [ regard the majority as giving ndate for a general system of ction. Such a radical departure d depend upon an emphatic and aivocal decision of the elector[t became clear to him early in that Britain was on the edge of )nal bankruptcy, and economy ibsolutely essential. Britain was aost heavily-taxed nation in the 1. Nearly one-third of the nationlome was taken this year from and taxes. e financial situation earlier in 'ear was so serious that by the [e of November, if things had allowed to drift, there would been no money to pay the unemd benefits. The Labour Party's L-amime. was the most fantastic impracticable ever put before electors. e proposal to nationalise banks, •oi investments, to finance a mad-, policy was not Socialism, it was levism. run mad. If the proime were taken seriously it would oy every vestige of confidence plunge the country into irretrei ruin.