AUSTRALIA: Two Wrongs into Right?

Down to banquet at the same board in Sydney last week sat Premier John Thomas Lang of New South Wales, which had just repudiated $3,645,000 of its debt to British bondholders (TIME, April 6), and Prime Minister James Henry Scullin of Australia, who last week made good out of the Commonwealth Treasury this shocking State default.

While eating the same salt Mr. Scullin and Mr. Lang did not bury their bitter quarrel. Sydney was opening her Agricultural Fair and neither statesman could afford to miss the banquet. When speech-time came Defaulter Lang defended...

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