"DIRECTED ECONOMY."

Auckland Star, Volume LXIX, Issue 254, 27 October 1938, Page 9

"DIRECTED ECONOMY."

Meet Totalitarian States' Competition. PENDING MOVES IN FRANCE. (Received J. 30 p.m.) I.ON DON. October 26. | Directed economy " for France in ; order to enable her to compete with tot a lit ,i iia n States J- foreseen bv the Minister of ( niniiierce. M. Gentin. in a speech liefore the opening of the Hadical ■ ( oiigre»s ;1 t Marseilles. "I am convinced the country has reached the turning point in its history." he -aid. "I consider a regime of directed ■ conouiy if- possible under which C apital and Labour ran remain under private control, but if private initiative is insufficient or too many private under'akings threaten productive anarchy the State nm«t step in."' He predicted a realisation of this policy by stages. It was for the State to discover new economic activities ami outlets for export* and enconrage development by subsidies. Much of this would be achieved within the State's present administrative framework. The '"Daily Marseilles correspondent states that M. Daladier's eagerly awaited speech to-inorrovr will probably give the first clue to decree laws. He is expected to announce taxation. pensions adjustments and higher prices fin tobacco, which is a State monopoly, and the extension of the 41hour week in armament factories.