MENACE REMOVED

Rotorua Morning Post, Volume 1, Issue 104, 23 December 1931, Page 5

MENACE REMOVED

Iress Assn.-

I COMPLETE TRIUMPH FOR I HONESTY AND POLITICAL 1 INSIGHT r i LONDON PRESS OPlNlONS

-By Telegraph — Copyright).

[ LONDON, Monday. IThe "Financial News" says:. "Never irhaps in the world's history has |ere been so striking a demonstra|n as that Australia has afforded of §3 crushing effect of political folly E® commercial progress. If Ausftlia can he freed for a decade from ifish and ignorant sectionalism, ecoiinic recovery may confidently be exIcted." ■The "Financial Times" says: "The fcult pnts out of office, in the per|n 0f Mr. E. G. Theodore, one who Rined to seek to promote inflation |d the subversion of banking machijry to public extravagance. The ieniiers' plan should now go forward iswervingly to complete restoraIjn." |The "Daily Mail" hails the AustraIn election results as a complete iumph for the honesty and political Eight of the Australian people. The pctorate clearly gave a mandate |r drastic economy and the exten|n of Dominion preference. Voters Ey be assured that Great Britain lli soon reciprocate. |The "Sun Herald" says that though iviously no official comment is ob■nable, Whitehall whole-heartedly ilcomes Mr. Lyons' triumph. No [stralian election was ever watched fth keener interest by all parties, ■luding the Liberals, many of whom, ■ely converted, look to Ottawa as K beginning of Empire salvation, ■d realise that it is a final chance. ■ilure would be disastrous. Ht is agreed that Mr. Lyons' vicBy means that Australia, New Zeafid,. England and Canada are form- ■ a united front for a great Imperial Ide scheme for which Great Britain's Ig range policy was devised. ■he "Sun Herald" says that finan- ■ circles are very gratifiied at the Bilt of the election, and expect it to ■reflected in an immediate improveBit in credit. ■he city's distruct of the Labour ■ernnient was increased by the Mency of Mr. Scullin and Mr. TheoK during the campaign to flirt with ■ition, political control of the bankBsystem, and their inability to keep ■gisrn in check. Mr. Lyons' vicBr is sure to consolidate the better Himent of the past two months, and ■owing the advance in wool and ■i prices will stimulate the recent ■ of money for investment in Aus■ia.