CONTROLS TO STAY AFTER WAR
Avoiding InHation (3.30 pan.) CANBERRA. Sept. 14. Price control and rationing would have to continue in Australia after the war. said the Prime Minister (Mr J. Curtin) in the House of Representatives. These measures would be necessary to prevent inflation. Huge accumulations in savings banks and the release of soldiers' deferred pay at the end of the war would mean an enormous amount of money available for commodities in short supply, Mr Curtin said. Australia already had spent £1.651.000.000 on the war. a per capita expenditure of £297. Loans had contributed £739.000.000 and revenue £529.000.000. while Treasury bills totalled £328.000.000. Australia should endeavour to meet the current war cost out of revenue and the time had not arrived when taxation could be reduced.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/THD19440915.2.31
Bibliographic details
Timaru Herald, Volume CLVI, Issue 22998, 15 September 1944, Page 4
Word Count
128CONTROLS TO STAY AFTER WAR Timaru Herald, Volume CLVI, Issue 22998, 15 September 1944, Page 4
Using This Item
Stuff Ltd is the copyright owner for the Timaru Herald. 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.