DEBT OBLIGATIONS

Wairarapa Times-Age, 12 August 1939, Page 8

DEBT OBLIGATIONS

EAIPHATIC DECLARATION BY ACTINQ=PREMIER NO POSSIBLE QUESTION OF REPUDIATION. NO VOTE TAKEN ON .TERMS OF AMENDMENT. (By Telegraph—Press Association.) WELLINGTON, This Day. An emphatic declaration that the Dominion would honour its debt obligations in their entirety, both now and in future, was given by the ActingPrime Minister, Mr Fraser, when speaking in the House of Representatives yesterday to the amendment moved in the financial debate the previous night by the former Prime Minister, Mr Forbes (Opposition, Hurunui). ’ ; Mr Fraser declined to allow the actual terms of the amendment to be submitted to a vote, as he contended that it was entirely unwarranted, but he made a statement, which was commended by the Opposition, that repudiation of the country's responsibilities had never been contemplated by the Government or by the Government Party. Though urgency had been taken at the beginning of the sitting for the completion of the debate and a long sitting appeared possible, the House adjourned just before 5 o'clock, when discussion on the amendment came to a close following a division. By 39 votes to 21, the formal motion: “That Mr Speaker do leave the chair” was sustained, and the alteration proposed by the amendment was rejected.