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AUSTRALIA PRAISED
NATIONAL RECOVERY
"Characteristic Pluck"
LONDON, Saturday.
In a speech at Bradford Sir
Henry Strakosch said a most il
. luminating demonstration of h.O'W
order can "be evolved from an al
most chaotic economic financial
situation by the wise application
of remedial measures had "been
provided by Australia.
With characteristic pluck and deter
mination, the Australian people had set
to work to remedy the situation. The
Premiers' Plan was a daring one, yet
it was logical, comprehensive and
wholly consistent with the accepted
economic theory.
'' I shall probably be told that Aus
tralia ;s recovery in the main was due
to the favourable developments of the
wool market. Let me remind you that
the price of wool remained at the low
level of about 8$d (Australian cur
rency) a lb., until the middle of the
present year.
"I have no doubt that even a
dozen good wool seasons would not
have been sufficient to restore Aus
tralia's economic and financial
position without an ensrgetic appli
cation of the remedial measures to
which I have just referred."
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