INFLATION TREND
Australian Commerce Leader Sounds Warning SUBSIDIES REPLACE COSTING Rec. 9.30 a.m. SYDNEY, this day. Inflation was gradually developing in Australia, said the president of the Sydney Chamber of Commerce, Mr. R. J. Hawkes, at the annual meeting. A major post-war problem would be the fixation of prices to prevent a boom. Symptoms of inflationary trends in Australia were a public debt of £2.300,000,000, a liability of M 00,000,000 on short-dated Treasury bills, a note issue of about £180,000,000, representing an increase of £130,000.000 on the 1939 figures, and subsidies to primary producers.. Mr. Hawkes said: "It has now become the policy to abandon costing and offer subsidies to almost every kind of producer—a very dangerous substitute for the real thing.'-
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Auckland Star, Volume LXXV, Issue 177, 28 July 1944, Page 5
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122INFLATION TREND Auckland Star, Volume LXXV, Issue 177, 28 July 1944, Page 5
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