Labour Premier Welcomed By King

Sun (Auckland), Volume I, Issue 123, 15 August 1927, Page 8

Labour Premier Welcomed By King

PRINCE'S FORMER HOS[ hon. w. Mccormack reiuhsHOMEWARD bound bv Aorangi after a que, t dealing with finance an* "Ih The H °"‘ Wi " iam Queensland. m '" er * (- During his 15 years of pol „ life the burly Minister wh ** also the Treasurer of his StJ has occupied practically purtfolio at the disposal 0 country. Mr. McCormack h* even Speaker for a time A member of the R yan , dore and Gillies Ministries \ record of 15 years' costing*! j service as a Minister would n some equalling in State circles, at any rate. ” El T) UR'NO his stay in Loudon Queensland Premier ?; 1,1 I 1 ceived by the King. who asked 1 questions about this part* world. King George was specif ' I terested in Mr. McCormack „ ' I was the Prince of Wales’s 1 ing his stay in the Northern Aum*' I State. Details of the ,our7> g fresh ill the Koval mind. ** I Mr. McCormack also had the 1 of addressing the British Lx 1 members of the House of Coin §3 aneut some of the pioblernTT: I Labour is called upon to face I ruling. Mr Ramsay MacDonald.? f though still a sick man. spL' stayed behind after the meedi order to discuss AuisiraliarinwL with the Premier. FINANCIAL MISSION Commenting upon financial miters. Mr. McCormack said it evident that Australia would ha, to curtail borrowing oversea Not because money was dHßqi to obtain, as its credit both j> London and New York was goo but for the very good reason th* I too much loan money wae bein; spent. It was in the interest' of the whole of the State* thr this expenditure should be M . creased. Australia and New Zealand out high in the estimation of Londoam New York financial circles, Mr y Cormack explained. A good iny* sion had been created by the on lishment of the Commonwealth Lot; l Council, a body which consoßte and controlled the borrowing ot & ! Australian States. Under the chairmanship of ft Carle Page, Federal Treasurer, r I council eliminated competition « | tween the States, and consolidated t» [ floating of loans at opportune tine The recent Commonwealth loud i £7 million on behalf of the Suie said the Premier, would practical cover Australia's needs for the cr- | rent financial year. Although the Empire Market:; Board had done remarkably gx work* declared the Premier, tier were too many charges between ik producer and the consumer. “Something has to be done is this respect if the producer it is obtain a fair return for hi* work. There are far too many chargei and this is a matter to which intend giving a good deal of attention.” DIFFICULTY WITH ITALIANS During liis absence abroad, Mr. Si Cormack was kept in touch by cate with the cane troubles of the to The difficulty with the Italia::, vc: ers in Queensland on this occasiM.il said, was not racial. Quite a art ber of Italians were opposing toe striking fellow-countrymen. Commenting upon the difficulties! Queensland in this connection, Mr.S; Cormack said that the Italians llth tendency to make as much miner l possible while in the country, aadtte return to Italy. Naturally there'* great prejudice against these settles especially by the Australian-k: traders. With a lower standard of living Italians had little difficulty i» selling the Queenslanders. “W® tunately immigration is a Con®-" wealth matter, and we cannot with this matter in the way we sfclike to handle it,” said the Pre®j"The Italians drift in from ctfc States.” The Italians were always aim* to join the unions, he added, and e* so at the first opportunity. This P cedure further complicated matters ■