HIGH PRAISE

Hokitika Guardian, 11 December 1933, Page 5

HIGH PRAISE

FOR AUSTRALIA

REMEDIAL MEASURES ADOPTED.

(United Press Association Electric leiegiapn—Oupy ngut .) LONDON, December 9. In a speecn at Bradford, idir Henry Strakoscn said tnat a most illuminating demonstration of iio.v oruer can ,J o evoived from almost a chaotic economic financial situation by the wqso application of remedial measures liaq been provided by Australia. With characteristic pluck and determination the Australian people set to work to remedy the situation. The Premiers’ Plan was a daring one, and yet it- was logical, comprehensive and wholly consistent with accepted economic theory. “i shall probably be told,’-’ he said, “that the Australian recovery lias in the- main been due to favourable developments in the wool market. Lee me remind you that the price of wool remained at the low level of about 83 d in the Australian currency pound until the middle of the present year. I have no -doubt that even a dozen good wool seasons would not have been sufficient to restore Austraia’s economic and financial position - without the energetic application of the remedial measures to which I have referred.”

JAPAN WILL RETALIATE. 1 AGAINST BOYCOTT COUNTRIES. TO.KIO, December 9. The Japanese Foreign Office has issued a statement saying that Japan is trying to control her exports with a view of coping with world-wide agitations against Japanese goods. Japan also is trying to arrange trading agreements, but in the event of such agreements being impossible, Japan will enforce discriminatory tariffs against those which are unfairly blocking Japanese goo-ds. ITALY AND EMPIRE TRADE. LONDON, December 9. The “Financial Times” Rome correspondent state: “Referring to the Ottawa Agreements and to the trade negotiations that are now progressing between Italy, India and Australia, Professor Esquiui, the Under-Secret-ary of the Italian Ministry of Corporations, speaking at a meeting of the Committee of Foreign Trade, said that if these negotiations have not reached a satisfactory conclusion in a reasonable time," Italy might have to consider whether she could continue to grant to those countries the same treatment as that being accorded by Italy to her other traditional customs, such as the Argentine.”