NOT INFLATION POLICY
SCULLIN'S 'ASSURANCE
DISSERVICE OF CRITICS
United Press Association—By Electric Telegraph—Copyright. (Received 2nd March, 11 a.m.) CANBERRA, This Day. The Prime Minister, Mr. J. H. Scullin', stated that very grave disservice was being done to the nation both here and abroad by those people who, mainly for political . reasons, declare that the proposals submitted by the Commonwealth Government to the conference of Commonwealth and State Ministers in Melbourne this week for a fiduciary issue of currency was the beginning of a-policy of wild inflation. ' . "The evils due to inflation," said Mr. Scullin, "arise when inflation cause prices to soar, and when this in turn seriously impairs the purchasing power of wages and destroys the value of fixed investments'. The Government is determined while it remains in office that this course shall not be pursued."
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Bibliographic details
Evening Post, Issue 51, 2 March 1931, Page 9
Word Count
136NOT INFLATION POLICY Evening Post, Issue 51, 2 March 1931, Page 9
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