PRICE SUBSIDIES IN AUSTRALIA
REQUEST BY STATES REJECTED ADELAIDE, Mar. 10. The Commonwealth has rejected requests by the State Prices Ministers for price stabilisation subsidies and/or reductions in indirect taxation. This was announced to-day by the chairman of the Prices Ministers’ Conference, Mr F. J. Finnan. He said that the Prime Minister (Mr Menzies) had informed him that the Commonwealth Government had “decided in principle that the gen-, eral extension of subsidy payments would not be a satisfactory or a working solution to the problem of arresting the rise in the cost of living.” “Mr Menzies indicated,” said Mr Finnan, “that the whole question of price trends and price stabilisation policy had recently been the subject of exhaustive consideration by the Commonwealth Government. “Mr Menzies also indicated that he proposed to discuss the 'whole problem in Parliament n the- near future.”
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Ashburton Guardian, Volume 70, Issue 125, 11 March 1950, Page 7
Word Count
141PRICE SUBSIDIES IN AUSTRALIA Ashburton Guardian, Volume 70, Issue 125, 11 March 1950, Page 7
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