COUNTRY CLIENTS AND HOTELS.
t Mr. N. B. Rydge, chairman of Ushers Hotel, Ltd., Sydney, explained to-shareholders the decrease in profits of the company. The year ended August 31 last, he said, was a particularly difficult year for all residential hotels in Sydney. Turnover had been adversely affected by reason of the reduced patronage of country clients, due to lower prices for primary products such as wool and wheat, and generally unfavourable conditions, and increased expenditure had to be met in the way of higher food costs, wages awards, and taxation. To combat this position, the . directors were making especial efforts to control running expenses and costs, while certain alterations- and renovations to the premises were going to be made that should encourage additional turnover. Mr. Rydge stated that it was difficult to anticipate the trend in the hotel business in the coming year, but with the measures that were being taken directors hoped to show improved results.
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https://paperspast.natlib.govt.nz/newspapers/EP19391031.2.123.13
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Evening Post, Volume CXXVIII, Issue 105, 31 October 1939, Page 12
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158COUNTRY CLIENTS AND HOTELS. Evening Post, Volume CXXVIII, Issue 105, 31 October 1939, Page 12
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