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Italy Moves To Stabil ise Finances

(Rec. 10.30 a.m.') ROME, April 2. The Italian Cabinet has decided on several measures to stabilise national finances, about which its advisers gave alarming reports. A capital levy will be imposed on holdings above £3300. Prices, speculation and apportionment of raw materials will be rigidly controlled and present wage scales will be maintained despite the restlessness of labour. The Minister of Finance (Signor Campilli) told Cabinet it was spending three times the national income.

Monotonous Diet “The British people are definitely up against it for foodstuffs and particularly soap and clothing,” said Mr A. Whyte on his return to Whangarei after a six-month tour of England and the United States. “It is not that the people are actually starving, but the fact that there is no variety in the diet.” A person reached the. stage where he ate the same things foi* breakfast, dinner and tea every day, every week and every month, said Mr Whyte. “It gets very monotonous. But everybody seems to be putting his shoulder to the wheel and doing the m best he can. I have no doubt at all that they will pull through.”

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/NA19470403.2.50

Bibliographic details

Northern Advocate, 3 April 1947, Page 5

Word Count
195

Italy Moves To Stabil ise Finances Northern Advocate, 3 April 1947, Page 5

Italy Moves To Stabil ise Finances Northern Advocate, 3 April 1947, Page 5

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