AUSTRALIA'S DIMINISHED INCOME.
"In so far as we succeed in transferring people' to other industries, we will tend to confine the loss in Australia's national income, to the first loss of about £60,000,----000," said Professor Giblin at the Melbourne University, when speaking on "The Decline ['. of the National Income." In an approximate estimate he gave the drop of income at £110,000,000, arid said it would increase unless steps were taken to meet the position. The-world, drop "in prices was because there was not enough gold to go round. It was possible.that with a 1 drop of £30,000,000 in'exports Australia jwas_ going to have a drop of £30,000,000 in imports, and it was theoretically conceivable that those unemployed because of loss of. income to the wheatgrowcr could switch over and make, the imported goods that jvere nob eoniing'iui,
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Evening Post, Volume CX, Issue 83, 4 October 1930, Page 12
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137AUSTRALIA'S DIMINISHED INCOME. Evening Post, Volume CX, Issue 83, 4 October 1930, Page 12
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