Whitlam calls for immediate budget tax abandonments
Perth, Thursday. Opposition Leader Whitlam urged immediate abandonment of Budget measures raising petrol tax postal charges and company tax. He argued higher costs hit all, from mail and telephone to car use, harming unemployment relief and business expansion. He noted September quarter cost-of-living rises were lowest in Western Australia and South Australia.
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Perth
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Ir Whitlam
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South Australia
Vernon Committee Head Warns Inflation Not Fixed by Policy
Sir James Vernon, head of the Vernon Committee and boss of Colonial Sugar Resin, told a Canberra conference that inflation cannot be cured by classic monetary or fiscal methods. He warned deflation risks and argued wage gains outpacing productivity drive inflation, calling for changes to arbitration practices while noting limited proof of wage restraint benefits.
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Committee of Economic Inquiry
James Vernon
Vernon
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Colonial Sugar Resin Company Ltd
Australian Institute of Management
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Canberra
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Australia
Bolte Blames Sydney for Cost of Living Rise
Premier Sir Henry Bolte attributed a 1.7 percent national rise in living costs to Sydney in the September quarter, noting Sydney costs up 26 percent. He dismissed calls to curb wages nationwide, warned against excessive protection, and commented on currency strength and European protests affecting Australia. Sir James, referencing Tariff Board reviews, questioned practical steps to phase out protections while highlighting impacts on manufacturing.
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Melbourne
Henry Bolte
Sydney
James
Tariff Board
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Australia
Europe
Martn
Wages rising debate voiced by Lynch in Melbourne
Melbourne remarks by Minister Lynch blame rising wages for price increases and stress productivity gaps. He cautions wage gains outpace productivity and argues profits and capital spending must stay restrained to avoid harming living standards and future growth.
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Nihe Express
Wae
Prime Minister press conference on economy and wages
In a parliament House press conference Prime Minister McMahon discusses consumer indices, the December quarter outlook, wage effects, and budget impacts. He notes inflation concerns, signals cautious action, and confirms ongoing discussions with Treasury and Reserve Bank. He denies immediate formal measures to boost consumer spending while stressing prudence and potential later steps if needed.
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Tin Particular
Treasury
Reserve Bank
Unclear Labor Policy Deliberations Fuel Arbitration Talks
The Australian federal government has not decided on harsher strike penalties. Labor Minister Lynch said no new decisions were made on issues from the national conference on arbitration. In Melbourne officials discussed the system as unions pressed for extended annual leave and higher holiday pay. A Full Bench in Sydney reviewed a four-day work week and conductor requirements for double deck buses on key routes.
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Labour and National Service
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