HAS PROTECTION FAILED IN AUSTRALIA?
NOTABLE ADDRESS BY LEADING ECONOMIST. Aust. Press Assn. —United Service. GENEVA, May 16. Mr. W. T. Layton, editor of the Economist, in a very able address before tho Economic Commission, began by frankly declaring himself a free trader. Ho directed the attention of the conference to what he termed a very striking and bold report of the Australian Tariff Board in 1927, especially the passages stating that there was a mischievous tendency to abuse the protective system, the results of which were seen in the increase of cost prices, cost of living, and wages, and a tendency on the part of industry to shelter itself slothfully behind Customs barriers; that producers of raw agricultural materials wore now asking increased protection, resulting in a lower output and the survival of obsolete methods of cultivation.
Mr. Layton commended the report to the earnest consideration of the conference, emphasising that it was compiled by a body responsible for one of the highest tariffs in the world.
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Bibliographic details
Manawatu Times, Volume LIII, Issue 6613, 18 May 1928, Page 7
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168HAS PROTECTION FAILED IN AUSTRALIA? Manawatu Times, Volume LIII, Issue 6613, 18 May 1928, Page 7
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