TAKING TOLL.
EXCHANGE IN AUSTRALIA. ECONOMIC POSITION. BY CABLE—PEESS ASSOCIATION—COPYRIGHT. Received Oct. 28, 11.50 a.m. SYDNEY, Oct. 28. Mr. Pratten, speaking at the annual dinner of the Chamber of Manufacturers, said: “Australia’s economic position is not satisfactory. The exchange is taking toll of our exports and giving a premium upon imports.” The first step to be taken, lie was of opinion, regarding the rectification of the present position was to place some limitation on the Government borrowing abroad and make an honest atto pay interest on loans abroad out of our exports instead of out of borrowings. Sir George Fuller said that decentralisation of our industries into the country towns was needed, but the more important decentralisation was from the head of the Empire of her people and her manufacturing industries into the Commonwealth. There was no use in dealing with the question of migration with the trickle of people that was coming out to-dav in connection with primary industries.
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Hawera Star, Volume XLVIII, 28 October 1924, Page 7
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160TAKING TOLL. Hawera Star, Volume XLVIII, 28 October 1924, Page 7
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