N.R.A. CODES

Grey River Argus, 6 October 1934, Page 5

N.R.A. CODES

A MODIFICATION In Favour of Competition (Aus. & XZ. Cable Assn.) ( Received October 5 at 730 p.m.) WASHINGTON, October 4. Uncovering i( , probable change of course fur the N.R.A., Mr Donald R. Rich berg, the Recovery Co-ordinator, advised the business interests to-day to leave the “lopsided Guild Socialism’’ of pr.ce fix.ng and production control, in favour of “the old conipetifive system. ’’ He labelled as an “irridescen't dream’’ the belief of .some industrialists that- ]i?rmanent pr. spenty can be obtained through the pi'.ce fixing and production-limiting method. At the _<anie time he asse 1ed thr.r such practices were justified hi emergencies so as to prevent the waste of natural resources. These st:domen't. coining from the Polio- < 'omm’ittee which is directing the N.R.A’s. coiir.-e, were interpreted imnediately as pointing away from fixed prices and limited products n in the N.R A. (’odes ami ;• gradiia.’ reopening ( f all of the major codes on these issue’s was forecast. P.usines? men themselves, Air Richberg said, had been thoroughly disillusioned in a year of (’ode applieal.ons in the price and production <- n ''ml which the v had desired. These same indust ria' ranks frankly were questioning the wisdom of their own provi -ions, he added.