from Australasia
p. 32 · Read in the full issue
Guam Likes What it Gets from Australasia
IF newspaper reports can be be lieved, the United States posses sion of Guam, in the Marianas, remains one of the enthusiastic im porters of things from Australasia
—most other importing territories have “turned it in’' because of high and ever-increasing costs of the products of Down Under.
They like our food and dairy pro ducts and eggs and are also inter ested in Australian mechanical, electrical and engineering equip ment.
Australian manufacturing indus tries expanded tremendously during the war and it is not hard to re member those immediate post-war days when the markets of Austra lia’s Near North were wide open to her.
Australian wharf labourers, the 40-hours week, the spiralling quar terly basic wage adjustments and the downright laziness of Austra
lian workmen have effectively killed that hope. Australia has priced her self out of almost all overseas mar kets, and those responsible stub bornly refuse to see why.
In the case of American terri tories, the exchange still works in Australian manufadturers’ favour, but at the present rate of cost in creases, it is just a matter of time before that margin is overtaken too.
On the night of June 9, the premises of the New Guinea Co. at Rabaul, New Guinea, were entered and 24 bottles of gin, four bottles of rum and £B/10/- in notes were stolen.