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This newspaper page contains 5 articles. Subscribers can read the full text of each article.
Newspaper
Benalla Ensign
Location
Benalla, Victoria, Australia
Date
Mar 20, 1952
Page
7
The article notes deflationary pressure in Aichralis with reduced sales in several sectors and cautious finance. It argues the deflation follows prolonged inflation, affecting employment and business confidence while not yet eradicating demand or overall economic momentum.
Historic note indicates quail season extended up to three months but opening delayed to April 3. The text mentions weather and Sunday restrictions affecting shooting days, with confusion about opening dates and potential work conflicts impacting participation.
The document discusses how tightening currency reserves and banking liquidity could allow credit expansion and provide temporary relief for adjustment. It warns that this respite must not foster further delays, aiming to extend relief to consumer goods and stock, while noting that domestic industries and import strategies shape overall costs and inflation. It calls for careful government action to balance internal costs and imports to avoid deepening hardship.
The text discusses deflation as a greater threat than inflation and argues for lasting remedies beyond reserve expansion. It highlights low productivity, weak anticipated inflation, and rapid expansion as causes, with focus on wool markets and trade balance. The author notes potential gains from improved primary production, investment, and tax policy to restore national growth.
Benalla dominates the regional dispute over a new swimming pool. Wangaratta earmarks 700 for the Olympic project, with funds held to secure government grant approval.
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