SAVING THE LIRA
ITALIAN ECONOMIES
MUSSOLINI'S "AXE"
;WAGE CUTS ALL EOUjND
. (United Presi Association.—Copyright.) (Eeceived 20th September,' 12.30 p.m.)
LONDON, 19th Sept.
The "Central News" Rome correspondent says that having established the-, lira Signor Mussolini is now devoting his attention to administrative economies, firstly, by a reduction .in State servants' salaries amounting to three and a half millions sterling annually. Banks and private firms have followed suit by cuts. of 15 to 20 per cent. Basic industries and agriculture ■will next follow with graduated reductions in order to avert hardship on the workers. The proposal will also affect doctors, lawyers, and journalists. When, the'economy programme is completed it is estimated that the exchequer will benefit by two milliards of lire a year. ■.
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Bibliographic details
Evening Post, Volume CIV, Issue 70, 20 September 1927, Page 9
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122SAVING THE LIRA Evening Post, Volume CIV, Issue 70, 20 September 1927, Page 9
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