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Friday, 30 October 1931


Mr SCULLIN - The Government has been constantly reviewing these items, because it desires to remove the embargoes as soon as that can be safely done. The prohibition of certain imports is not part of the protectionist policy of the Government; it is a financial emergency measure. The Commonwealth is not yet in a safe position, for although the trade balance has shown a wonderful improvement, we must have a considerable credit balance in order to meet our liabilities overseas. As soon as it is possible to do so, the embargoes will be removed ; first from the goodsmost urgently required. When imposing the embargo, the Government was careful to select goods that were not essential to Australian industry, and goods that could be produced in Australia.







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