NOT PAYING HER WAY.
AUSTRALIA'S TRADE BALANCE. WORKERS FOR INDUSTRY WANTED. By Telegraph—Press Assn.—Copyright. Received Nov. 29, 9 p.m. Sydney, Nov. 29. At the annual meeting of the Chamber of Manufacturers Association, Mr. Kerr, in his presidential address, quoted statistics showing that Australia was not paying her way. For the past three years the imports were valued at £163,000,000 and the exporta at £132,000,000. showing a balance on the wrong side of the ledger of £31.000.000. If this continued Australia would become bankrupt, because, in addition to paying for her imports by her exports, she had to pay interest on Federal and State indebtedness of approximately £100,000,000. Referring to immigration, he said the Government was making a tragic mistake in confining it to men and boys for the land and domestics. These were wanted, but they also wanted skilled workers for factories, for thq future prosperity and safety of Australia largely depended on the development of the manufacturing as well as the primary industries.
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Taranaki Daily News, 30 November 1923, Page 5
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164NOT PAYING HER WAY. Taranaki Daily News, 30 November 1923, Page 5
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