CHANCELLOR’S THEORIES WILL WRECK LABOUR.

Shannon News, 9 August 1929, Page 2

CHANCELLOR’S THEORIES WILL WRECK LABOUR.

£1,000,000,000 BUDGET. ' (Sun Special.) LONDON, Monday. —«?>*•-*. .«• “ Another general election in the autumn of 1930 is possible,” says the noted publicist, Mr J. L. Garvin, writing in the ‘'Sunday Observer. “The Premier (Mr 'Eainsay Macdonald) and Mr J. H. Thomas, the Lord Privy Seal, if left to themselves, he says,,“could have prolonged the Labour experiment with permanen to the nation, the Empire and the world, but Mr Philip Snowden, the Chancellor of the Exchequer and ? the Adullamite baek-benchers forbid.

“The whole future turns on finance. Mr Snowden has to satisfy a party which believes crudely but fervently in a £1,000,000,000 Budget, and m an social dividend for the

‘Have-nots’ at the expense of the ‘ Haves. ’ . “Meanwhile Mr Snowden, m his doctrinal ecstasy for isolated free imports, prejudices the Imperial Economic Conference he extols. By repudiating all preferences, he virtually challenges the self-governing dominions to withdraw totally the unique and conditional measure of free trade they extend us.”