PRICE SUBSIDES
ctfECK ,oy MVWS £9? TS AUSTRALIAN ER9PCSAL (10.30 a.m.) CANBERRA, May 12. Brice ceiling subsidies which will probably cost' the Australian Federal Government - up''•'.to' ''£ls,'ooo,ooo may avoid up to' £50,000,000 in wages, increases. The Federal Treasurer, Mr. J. B. Chifley, disclosed this' ''Wheh' he declared that subsidies to keep down living costs would be less expensive, to the Government’ 1 than increasing wages’ to meet price fisbs'. A' general price rise Of 10 per cent Would add £50,000,000 to "the Government’s ex-, peridittire’.' ' "' > ' Mr. ' Chifley emphatically denied that ceiling price cqntrql had been introduced as a’ back-door Way oh limiting profits. The 'subsidies would hot 'be paid" where’the industries were: not ratiorialised or where their pro-, duetiq'n methods were inefficient.
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Bibliographic details
Gisborne Herald, Volume LXX, Issue 21092, 12 May 1943, Page 4
Word Count
122PRICE SUBSIDES Gisborne Herald, Volume LXX, Issue 21092, 12 May 1943, Page 4
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