THE CASE FOR AUSTRALIA
INCREASED TRADE HOPED PURCHASING POWER NEED Rec. 5.5 p.m. Ottawa, Aug. 4. “v.Mr. Bruce is unable to give an estimate in figures of the concessions Australia is offering Britain. The-strength of Australia’s case lies in the. record of its purchases from Britain and the enbrmous--1 ly increased trade that is assured as soon as the .purchasing power returns. Australia at the height of its prosperity bought £61,000,000 worth of goods a year \ from Britain. This has been reduced by the depression to the neighbourhood of £20,000,000. Australia’s purchases from Britain •jumped ' from £24,000,000 in 1907 to £61,000,000 in 1927, indicating the value of Australia’s trade in prosperous times. During this period Australia greatly expanded its secondary industries. This industrial expansion did not prejudicially affect purchases from Britain. Mr. Bruce submitted these figures to ; Britain in support of his strong contention that apart from the concessions Australia is now offering Australian purchases from Britain will rise enormously with returning prosperity. Britain already has 80 or 90 per cent, of the Australian market for some goods. Similar opportunities will be available for other articles.. The whole trouble is the serious fall in Australia’s purchasing power.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/TDN19320806.2.45
Bibliographic details
Taranaki Daily News, 6 August 1932, Page 7
Word Count
197THE CASE FOR AUSTRALIA Taranaki Daily News, 6 August 1932, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Taranaki Daily News. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.