LOWER STANDARDS FOR CIVILIANS
Australia’s War Economy FORECAST BY PRICES COMMISSIONER (Received November 2, 10.45 p.m.) CANBERRA, November 2. Australia is approaching tlie third, last and most sacrificial stage of her war economy in which civilians will be living on considerably lower standards than those to which they have been accustomed, dechirer> the Australian Prices Commissioner, the New Zealander. Professor Copeland. "1 suggest,” h" says, "thut tills will be a period of much greater ti'anqiiillily than the present, period. We shall then Irnve reorganized our lives, industries, consumption mid general standards <4 eonduct' and enjoyment."
Professor Copelmid vismitizes tin: lotlowing standards lor Australia's third Wtir stage: Private enterprise will be working on certain terms for the Gov-
eminent. The resources of the community will be allocated according to a general plan arrived at after a review of the conuuuiiilv’s whole needs. Civil consumption will be controlled by rationing much more than today. There will be niore Government direction of productive methods with increased rationalization. Investment will be confined almost entirely Io war needs. Incomes find prices will be stabilized. Taxation will be at a maximum consistent with retention of incentive, and surplus spending will be immobilized
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Dominion, Volume 36, Issue 33, 3 November 1942, Page 5
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196LOWER STANDARDS FOR CIVILIANS Dominion, Volume 36, Issue 33, 3 November 1942, Page 5
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