ADVERSE TRADE
PLIGHT OF VICTORIA
PROTECTION HAS FAILED
WHY PREMIER SAYS SO
(United Press Association.-7-Copyright.)
(Beceived 27th September, noon;)
MELBOURNE, This Day.
For the year 1926-27 Victoria imported goods from oversea! valued at £55,598,000. Her exports amounted to £34,600,000, leaving an adverse trade balance of nearly £21,000,000. To this must be added interest charges on money borrowed to enable these purchases to 'be made amounting to £2,500,000.
Mr. E. J. Hogan, the Premier, says that he is led to think that protection, has failed, the two main reasons being profiteering by manufacturers and-dis-loyalty of the people in buying imported in preference to Australian goods.
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Bibliographic details
Evening Post, Volume CIV, Issue 76, 27 September 1927, Page 9
Word Count
104ADVERSE TRADE Evening Post, Volume CIV, Issue 76, 27 September 1927, Page 9
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