LABOUR POLICY IN AUSTRALIA
# LANG FACTION'S PLATFORM SYDNEY, September S. The Lang Labour forces at . the j next Federal and State elections will place the socialisation of credit in the forefront of their policy. They aim to obtain complete control over the secondary industries of Australia by the manipulation of the tariff, compelling the manufacturers receiving protection to employ specified quotas of persons, furnish safeguards against economic exploitation and the unreasonable inflation of costs, and enforce the liquidation of surplus and watered capital, where dividend requirements are a factor in uneconomic production. Government auditors shall be permitted to inspect all books, records, accounts, wages sheets, production costs, profits, or dividends. The penalty for exploitation or an illegal lock-out shall be the automatic suspension of tariff protection. Other revolutionary measures include an anti-trust tax, an inheritance tax, and a reserves and proiits tax. It is also intended to abrogate the Ottawa agreement.
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Press, Volume LXIX, Issue 20957, 11 September 1933, Page 11
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151LABOUR POLICY IN AUSTRALIA Press, Volume LXIX, Issue 20957, 11 September 1933, Page 11
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