PLAN SUBMITTED.
Australian Proposal to Control
Depressions.
CONSIDERATION BY LEAGTJ!
LONDON, November 22.
Australian delegates are submitting to the League of Nations Economic Committee, which meets on the fifth of next month, a scheme designed to control economic depressions.
The salient points of It are that ail nations simultaneously maintain or increase social services and even subsidise low wage purchasers for the purpose of maintaining: the volume of internal trade, particularly in durable commodities.
It is held to be impossible for one nation to bolster up expenditure while others retrench. j That would merely increase the co* of production and reduce ester».i|
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Bibliographic details
Auckland Star, Volume LXIX, Issue 282, 29 November 1938, Page 9
Word Count
102PLAN SUBMITTED. Auckland Star, Volume LXIX, Issue 282, 29 November 1938, Page 9
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