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FEDERAL EXPORT
COUNCIL
Country Party
Scheme
DR. PAGE'S VIEWS
SYDNEY, Monday.
The establishment of a Federal ex
port council on the lines of the Loan
Council was proposed by the Leader of
the Federal Country Party (Dr. Earle
Page) at the triennial conference of the
Australian Country Party Association to
day.
The object of the council, he said,
would be to stabilise existing industries.
'The defensive economic policies of the
Governments of the world have maae on*1
fact crystal clear,' said Dr. Page. 'Trade
restrictions and embargoes contract world
trade, lessen employment, lessen produc
tion and lower the standards of living.
A restoration of volume of world trade,
« return of general employment and
improvement of living standards can come
only from a freer production and from
free exchange of natural surpluses of
one country for the necessary surpluses
of other countries. Restriction of pro
duction means more unemployment ; cut
ting tariffs means increased buying power
for the peoples of the world. Improved
means of transport and communication
by making trade freer have increased the
trade of the world by 40 times in last
century, but militant tariffs and the doc
trine of self-sufficiency have cut world
trade in half during the last four years.
The policy of the Country Party always
has been for reasonable and sane tariffs
which would protect only thp natural and
essential industries to the degree which
would ensure efficiency. This policy
touches the real cause of conditions exist
ing in the world today. It offers the
sole hope for complete recovery, as it per
mits c* the necessary factors of recovery
to operate.
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