CONTROL DEPRESSIONS
AUSTRALIAN PROPOSALS INTERN AT lONA L ACT lON LONDON, Nov. 23. Australian delegates will submit to the League of Nations Economic Committee, which meets on December 5, a scheme designed to control economic depressions. The salient points of it are that all nations simultaneously maintain or increase social services and even subsidise low wage purchasers for the purpose of maintaining the volume of internal trade, particularly in durable commodities. It is held to be impossible for one nation to bolster up expenditure while others retrench.
That would merely increase the cost of production and reduce external trade.
The League committee will issue a report on the matter in June
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/PBH19381203.2.103
Bibliographic details
Poverty Bay Herald, Volume LXV, Issue 19803, 3 December 1938, Page 7
Word Count
111CONTROL DEPRESSIONS Poverty Bay Herald, Volume LXV, Issue 19803, 3 December 1938, Page 7
Using This Item
The Gisborne Herald Company is the copyright owner for the Poverty Bay Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in