STEEP DECLINE IN AUSTRALIA’S EXPORT INCOME
CANBERRA, This Day (Rec. 1 p.m.).—The Bureau of Agricultural Economics estimates that Australia’s income from exports will drop by £120,000,000 in the year ending June 30 next. In its quarterly review, the bureau says that this drop would result mainly from the lower export prices for w’heat, coarse grains, and wool.
The bureau is a section of the Department of Commerce and Agriculture, and the Minister of Commerce, Senator Pollard, authorises its reviews.
The bureau spokesman said it was estimated that the export income for this financial year would be £426,000,000 as against £546,000,000 last year. The decline would be the first in seven years, but the average for the five years ended June 30, 1939, was only £127,000,000.
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Greymouth Evening Star, 22 August 1949, Page 5
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125STEEP DECLINE IN AUSTRALIA’S EXPORT INCOME Greymouth Evening Star, 22 August 1949, Page 5
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