AUSTRALIA’S TROUBLES.
ARTIFICIAL STANDARD. LABOUR ECONOMICS BLAMED. ENGLISH PAPER’S COMMENT. United Press Assn.— Etcc Tef—-CopyrlkhL (Received March 17, 9.10 a.m.) LONDON, March 16. The Chronicle editorially says that Australia’s difficulties are primarily due to labour economics, insisting on ■high wages and comfortable conditions behind ever mounting tariffs. This artificial standard necessitate 1 ? continuous borrowing, not always productive. The Chronicle adds: “When reduced borrowing abroad helps to create an adverse trade balance it is obvious that Australia has been living beyond her means. The remedy can hardly be expected from a Labour Government. Hoisting the tariff it may reduce imports, but it will not increase, exports, rather the reverse. It will widen the margin between internal and world prices for wool and wheat To the Auditor-General’s recommendations for economy might be added a scrupulous regard for existing external debts, and not more facile borrowing.
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Waikato Times, Volume 107, Issue 17971, 17 March 1930, Page 7
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143AUSTRALIA’S TROUBLES. Waikato Times, Volume 107, Issue 17971, 17 March 1930, Page 7
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