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Thursday, 22 October 1931

Mr DEPUTY SPEAKER (Mr McGrath - The honorable member, must confine his remarks to the measure before the House.

Mr CUSACK - The Government is prevented from carrying out its financial policy. That unscrupulous publication, the Lang Labor Daily has done considerable damage to the nation. By persistent praise of Lang it has placed that gentleman under the spell of a megalomaniacal obsession, an obsession tinged with anglophobia and chicanery. This journal has, in its political columns a kind of picture gallery, and it publishes portrait's of the breakaways in the Beasley group. It boycotts members of our party who are loyal to the Government they were elected to support, and makes heroes of those who harass and embarrass the Labour Government. There was. a time when the honorable member for Werriwa was a useful supporter of the Government, and, had he and others assisted the Government to carry out its policy, legislation such as that now before us would not have been necessary. The honorable member forWerriwa was once regarded as a useful member of this House ; now he has become an absolute pest to us. He has developed into a sort of supercilious nabob, who delights in preventing the Government from carrying out its policy. When this new newspaper is published, it will not heap laudation on the leaders in this House, or of any other house. The success of the conversion loan marks a new epoch in the history of financial affairs. No other country can claim such a wonderful achievement. When this Parliament agreed to legislation to reduce the wages of the workers, and to cut down social services, it was understood that stops would be taken to reduce the nation's interest burden. By means of the loan conversion, that has been done. I trust that the Government will do its best to relieve cases of hardship among small bondholders. Those with big holdings must be prepared to make sacrifices in common with other sections of the community. This measure, when carried, will relieve the financial situation, and help us to meet our obligations. I suppose I should scarcely be in order, Mr. Deputy Speaker, if I said that The World was going to be published on Monday next, just three days and five hours from now. With the advent of that newspaper, the Government will have a powerful ally in carrying out its policy.

Question resolved in the affirmative.

Bill read a second time.

In committee:

Clauses 1 to 3 agreed to.

Schedule verbally amended, and, as amended, agreed to.

Preamble and title agreed to.

Bill reported with amendments; report - by leave - adopted.

Bill - by leave - read a third time.

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