AUSTRALIAN FINANCE

Poverty Bay Herald, Volume LV, Issue 17239, 21 April 1930, Page 2

AUSTRALIAN FINANCE

PLANS TO CURTAIL IMPORTS “Mr. iteiillin’s grave arid ' comprehensive explanation of tlio action resolved upon and its effects brought the House together as nothing has done since the outbreak of war in 19.14. The sincere hope of all those who have been watching the situation with anxiety must bo that the development will spur the whole country to realise at last the necessity for united effort,” said the Sydney * Morning Herald, in commenting on the Prime Minister’s announcement of the measures propoed to curtail im portations. “Every resource of energy in Australia must he devoted 1o 'putting our house in order' —a euphemism Jot those grave warnings which have been uttered .from the .Federal Arbitration Court bench to employers and employees and Governments alike. Australia n thrown definitely upon her own resources to maintain tier solvency, provide employment- through industrial not Government enterprise, ,and temper the severity of this blow upon her working people, dependent as they are upon continued wages and necessities at a reason able cost.” , Referring to the prospect of fresh taxation to balance the. loss of Customs revenue, the Herald said : “That increased taxation will have to be borne I>V industry pr by the local capital upor which industry depends, and the burder of it will bo limited by the measures for economv taken by the Government it self. If the extra taxation is to be borne, the present .burdens on industry vvill have to bo reduced. Not only the farmers will have to work harder am produce more. Every worker in Australia must be exhorted to the same end. We are convinced that until Labors own Je snonsihle leaders tell the workers of this necessity and without ambiguity thej will not accept it, It is of the utmost importance that they should both understand and accept, it. and much suf ferine will be saved this country if thev can bo brought to do so in good time.