DANGEROUS TREND
AUSTRALIAN INFLATION . . SYDNEY, July 27. Inflation was gradually developing in Australia, the president of the Syd- . ney Chamber of Commerce, Mr. R. J. Hawkes, said at the annual meeting of the chamber. A major postwar problem would be the fixation of prices to prevent a boom, he added. The symptoms of the inflationarytrends in Australia were the public debt of £2,300,000,000, a liability of £400,000,000 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 be- ." come the policy to abandon costing and offer subsidies to almost every * kind of producer—a very dangerous substitute for the real thing." ■ i
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Evening Post, Volume CXXXVIII, Issue 24, 28 July 1944, Page 5
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121DANGEROUS TREND Evening Post, Volume CXXXVIII, Issue 24, 28 July 1944, Page 5
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