ADDITIONAL CUTS
IMPORTS FROM NORTH AMERICA PROJECTED IN AUSTRALIA CANBERRA, Nov. 28. The Federal Government will attempt to put a ceiling of £90,000.0,00 on dollar expenditure by Australian interests in North America in the current financial year. The latest projected cuts in imports, together with the cancellation of licences for imports from dollar areas, are designed to save over £20,000,000 by June 30. No accurate estimate can be made of Australia’s probable dollar earnings in the current financial year. Probable additional cuts in imports to be considered by Cabinet on December 8 are:— 1. Limitation of motor car chassis imports from North America in the first half of 1948 to £3,000.000. 2. An additional cut of 10 per cent, in tobacco as from June 30. 3. A further cut of between 10 and 20 per cent, in remittances of film earnings in Australia. 4. A further cut in newsprint imports, bringing the total reductions to 50 per cent, of the 1939 expenditure.
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Otago Daily Times, Issue 26631, 29 November 1947, Page 7
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162ADDITIONAL CUTS Otago Daily Times, Issue 26631, 29 November 1947, Page 7
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