Z7
. Jj\ AUSTRA IAL May 1974
CHAMBER OF COMMERCE -NATIONAL BANK SURVEY
The Survey of the Australian Chamber of Commerce and the
National Bank discloses a sound, healthy and growing economy.
Employment is high, profitability is high, trading is good
and business expectations for the future are that this situation
will continue. The survey confirms that the economic management of Australia
has been in good hands.
Where is the alleged " crisis" that Mr Snedden is trying to
sell to Australians.
Mr Snedden's scare tactics are devised to bolster this
opportunistic bid for power.
They have no foundation in expert surveys.
The survey does reveal the extent of inflationary pressures
in the economy.
The Government has taken firm action to alleviate these
pressures over the last 17 months.
Our actions to stop the flow of foreign money, to reduce domestic
liquidity, to cut tariffs and the impact of the Prices Justification
Tribunal have all worked in the right direction.
Despite the opposition of Liberal and Country Party spokesmen
to all of these measures we have persisted with them and they are
now beginning to have their effect.
The most recent statistics reveal that the rate of inflation
is beginning to slow down. We will continue to act on the best
economic advice available to the Government to finally beat the
problem of inflation.
CANBERRA. A. C. T
Whitlam, Gough
Period of Service: 05/12/1972 - 11/11/1975
Find more information on Whitlam, Gough on the:
Release Date:
05/05/1974
Release Type:
Media Release
Transcript ID:
3242
Document:
00003242.pdf
1 Page(s)
Released by:
- Whitlam, Edward Gough
CHAMBER OF COMMERCE - NATIONAL BANK SURVEY
3242