SPLIT POSSIBLE

Rotorua Morning Post, Volume 2, Issue 391, 28 November 1932, Page 5

SPLIT POSSIBLE

("Post" Special Commissioner) .

IH COALITION RANKS CLOUDS OF DISSATJ.SFACTION ON POLITICAL HORIZON DEYELOPMENTS PENDING

Wellington, Saturday. | Is an early cleavage, precipitated by the disaffected section of the Reform Party. nher-s of tho Coaiiiion? This i.- Uu» which is now ; commanding Ihe un^.nded attention of political observe; s, who see in the series of recent e^ents all the portents of a political storm which may 1 have most deva-rtat'ng effeets on the stability of government in New Zea- t land. Clouds of intrigue, dissatisfaction and uncertainty have appeared on the horizon, and in some well-informed i quarte-y. thm r-verl'ct'.or. is cn"rent that drnniatk' ior.uieni,- raav be look- j ed'^Oi* wiikin tbe r.'- f-)i i'.nigbt In Minis1- mYtueirel-v it !.-• ;'■» tbat the comng week may produce complications over the exchange issue, but even the Prime Minister is not in a position to suggest the precise shape these will take. Meeting on Tnesday The expectation in the lohbies is

that a meeting will he held on Tuesday of the members who signed the memorial favouring political action to artificially raise the exchange rate to 25 per cent above parity, and that upon the decision of this meeting the course of succeeding events will be largely shaped. The f ew exchange inflationists ,\yh° are in Wellington to-day are more than dissatisfied with the decision of the Banlc of New Zealand, and the alternative offer made by the directorate has aroused no enthusiasm among them, but they are unable to say what their next move will be.