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AUSTRALIAN BUDGET

CANBERRA, Sept. 23. After 18 hours of a nerve-fraying sitting the Budget was agreed to on the voices to-day. Referring to demands for compulsory loans, the Treasurer (Mr Chifley) challenged the Opposition to produce a scale that would offer any solution He said that even on the British scale £45,000,000 was the most that could be raised. England this vear had a Budget gap of £2,100,000,000 and every country had a similar position. The Australian Government was alive to the dangers of inflation and had taken definite steps to ensure a complete counter-effect. BRANDING PROFITEERS.

Striking provisions to brand publicly all profiteers arc contained in a new Bill to strengthen price control and smash black marketing in Australia. As soon as a trader has been convicted of a price breach he must himself advertise his offence and continue to do so for a period of some months. The form of advertising is stipulated, including the printing of a special notice on invoices and dockets, and the display of iarge notices throughout the premises: "This firm is a convicted profiteer."

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https://paperspast.natlib.govt.nz/newspapers/MS19420924.2.63

Bibliographic details

Manawatu Standard, Volume LXII, Issue 253, 24 September 1942, Page 5

Word Count
181

AUSTRALIAN BUDGET Manawatu Standard, Volume LXII, Issue 253, 24 September 1942, Page 5

AUSTRALIAN BUDGET Manawatu Standard, Volume LXII, Issue 253, 24 September 1942, Page 5