EXCHANGE PROBLEM
AUSTRALIA’S ECONOMIC POSITION. SYDNEY, Oct. 28. Mr Pratten, speaking at the annual dinner cf the Chamber of Manufacturers, said Australian’s economic pos--t-ion was not satisfactory. Exchange is taking toll of our exports and giving a premium upon imports. The first step to be taken, lie was of opinion, regarding recti float : en of the present position, was to piaec some limitation on Government borrowing abroad and to make an honest attempt to pav interest on loans abroad out- of our experts, instead of out of borrowings. Sir John Fuller said the decentralisation of our industr’es into country' towns was needed, hut a more important decentralisation was the transfer from the head of the Empire of her people and her manufacturing ir»dustr ; ea into the Commonwealth. Ho said there was no use in dealing with the question of migration with the trickle of people that was coining out to-day* in connection with primary industries’ —dJ.P.A.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/GIST19241030.2.12
Bibliographic details
Gisborne Times, Volume LXI, Issue 9849, 30 October 1924, Page 3
Word Count
156EXCHANGE PROBLEM Gisborne Times, Volume LXI, Issue 9849, 30 October 1924, Page 3
Using This Item
The Gisborne Herald Company is the copyright owner for the Gisborne Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in