POST-WAR NEED
SUBSIDIES ON EXPORTS AUSTRALIAN PRODUCE WOOI, TRADE PROBLEM (Hy Tt*lo'Krapli--i’rcKs Assn. —Copyright.) SYDNEY. July 17. Unless the loading nations of the world completely changed their economy systems, Australia would be compelled to subsidise exports after the war, said the Federal Minister of Commerce. Mr. J. Scully. The Minister added that the Commonweal! h was trying to ensure that producers secured at least the cost of production. “It is obviously impossible for us to increase prices and still attempt to sell in overseas markets at enhanced value.".” ho said. “We will have to face an extension of the principle of subsidies after Iho war to meet competition and provide an outlet for our stimulated production.” Mr. Scully said that wool had been embraced in the price fixing struclai*e and its solvency had been maintained. Britain and America were both likely to have big reserves after the war and. for that reason, he had oaled a conference of woolgrowers of New Zealand, South Africa and A.ustralia to discuss post-war marketing. “T consider that it would be fatal if the wool industry reverted to the open market system attcr the war. declared the Minister. “I believe that the producers of all three Dominions will subscribe to that viewpoint.”
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Bibliographic details
Gisborne Herald, Volume LXX, Issue 21150, 19 July 1943, Page 4
Word Count
207POST-WAR NEED Gisborne Herald, Volume LXX, Issue 21150, 19 July 1943, Page 4
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