Show 1 FOREIGN NEWS ITALY FACES VITAL ECONOMIC REFORMS Year to Bring Complete Turnover Turnover Turnover Turn Turn- over in Affairs By JOHN LLOYD Associated Press Foreign Staff start ROME Jan 1 1 l Italy moved behind Premier Benito Mussolini today into a year in which the entire economic structure of the nation is to be bc revolutionized revolutionized revolutionized revo revo- through corporatism Described bed as a middle course blending blend ing lag the good points of other systems and doing away with their faults the corporative plan will be inaugurated officially early this month Under the system approved by bj the grand council of fascism December 10 making law powers are to be given corporations or guilds guilds each each representative of a sphere of endeavor and the whole centered in a national coun cil dil The council in time will take the place of Italy's parliamentary Every ph phase s se of industry and commerce commerce com corn merce will be governing self but Mussolini Mussolini Mussolini Mus Mus- and the council will be in genera general general gen gen- era eral control II n duce says however that private initiative will not be throttled It willbe will vill willbe be regulated and subordinated to the interests of the nation he explains |