FATEFUL WEEK

Rotorua Morning Post, Volume 1, Issue 202, 19 April 1932, Page 5

FATEFUL WEEK

(Press. A'ssn.-

FEDERAL BLOCKADE CAUSES Cp^fUSIO^ IN STATE FINANCE ' " INTERNAL DEFAULT EXPECT-ED

-By Telegraph — Copyrlght)..

SYDNEY, Mqqday. Qwing to the terrible muddle ipto whiph New Soutp. Wales finances drifted in consequence of the Conimqpwealth's blockade and the lach qf bhpking f aci^ties, ' Mr. J[. 'T. L'ang, as State Treasqrer, will have "his hands "pretty . f-ull ' during, the coming y^eek finding a new way out of the "impasse!" Th'e Go'yernment's eheques are being rqjec.ted ip ajl parts of the Stqte and bitter compiaints are being inade by those who have any business with thq Governmeqt. ' ' - Furiher Federal action is'now temporarily held up by to-day's. High Court application by Mr.' Lang'for an injunqtion restraining the banhs from acting on the Commonweal|:h attachment of S^ate deposits. ' ' ° ' There are also critica! deyelqpments '-vyhicfi may force drastic action outside the arqbit .of federal activity. It is authoritatively stated that the Pyemier will defqult in internal as well as external intferest. The climax is expected this week when the Privy Co'uncil's decision regarding the abolition of the Legislative Council is anticipated. It is expected that this will coinpletely transform the present ou'tlook. ' ' Mr. Lang's place at the Melbourne Conferenee on Unemployment is to be filled by Mr. Davidson, Mipister of Public Works.