CUT MUST STAND
(P»oss Assn.-
— By Telegraph — Copyright!.
Rec. June 17, 8.30 p.m. SYDNEY, Friday. The Federal Arbitration Court refused an application hy the Industrial organisations for the abolition of the Court order of January 1931, direeting 10 per cent. reductions in award wages, on the contention that a general abrogation at present would be a detrimeilt'al matter and could" he revived* at the end of the year.
cluded which would enable us to continue indefinitely the preferences given in the first Import Duties Act. The chance of a lifetime was before us, he said, and if it was thrown away, it might never return. As regards the currency question, what had to be considered at Ottawa was the inter-relationship of the various currencies and xnonetary systems of the Einpire, with a view to promoting conditions favourable to increase. The main thing was to get together and to understand each other's view po'int. It might clear ihe air, he said. He did not want the exchange value of the pound to rise, but we did definitely want a rise in wholesale prices. "We have no intention, Mr. Baldwin concluded, "of returning to the gold standard so long as gold hehaves in the way it is now doing."
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Bibliographic details
Rotorua Morning Post, Volume 2, Issue 254, 18 June 1932, Page 5
Word Count
207CUT MUST STAND Rotorua Morning Post, Volume 2, Issue 254, 18 June 1932, Page 5
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