Report of the British Economic Mission to Australia

Bibliographic data

Monograph

Identifikator:: 179824683X

URN:: urn:nbn:de:zbw-retromon-182286

Document type:: Monograph

Title:: Report of the British Economic Mission to Australia

Place of publication:: London

Publisher:: His Majesty's Stationery Office

Year of publication:: 7th January 1929

Scope:: 63 S.

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Part II. Main problems

Collection:: Economics Books

if all concerned in industry genuinely feel that their own fortunes are bound up with its success or failure that that solidarity in in- dustry which is essential to its prosperity can be achieved. 68. Our Mission was honoured by two of its members being asked to take part in an Industrial Conference held in Melbourne during December last. At that conference the necessity for closer and more friendly relationship between all concerned in industry was fully recognized by the delegates present, and the discussions were of so frank a nature that at subsequent meetings there should be no obstacle to the candid exposition by all the delegates of their difficulties and their aspirations. We hope and believe that from future sessions of the conference there will result the formulation of agreed alternative methods for fixing wages and laying down conditions of employment, which may render the present functions of the Arbitration Courts unnecessary, and substitute for them a system of settlement of industrial problems by industry itself on practical and acceptable lines in an atmosphere of mutual confi- dence and goodwill. 69. We even venture to hope that the spirit generated from this conference will be such as to facilitate the task, which after in- vestigation such as we have recommended we trust that the Government will undertake, of tariff revision. The problem of the tariff is, as we have said, closely interlocked with that of the fixa- tion of wages and a happy solution of the latter problem should do more than anything else could to make possible the solution of the former under the indispensable conditions of freedom from class or political strife and bitterness. The Industrial Conference. PART III. SUMMARY OF CONCLUSIONS AND RECOMMENDATIONS. 70. We would summarize as follows the conclusions to which we have been led by the considerations set forth in the foregoing pages ‘— (1) The indispensable condition of the promotion of trade between Great Britain and Australia and of the increase of settlement in Australia is the prosperity and absorptive power of Australia herself. (Para. 6.) (2) The present financial position of Australia is sound in the sense that her national income and sources of public cevenue are amply sufficient to pay for her Government and to provide for the service and repayment of her public debt. ‘Para. 7.) But (8) Australia has, in past years, spent too much unprofitably on development schemes which have been undertaken either sithout sufficient regard to their probable financial and

Access restriction

Copyright

fullscreen: Report of the British Economic Mission to Australia

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation