AUSTRALIA’S RECOVERY
, Mr. R. M. Clark, managing director, in addressing shareholders of Bon Marche at the annual meeting in Sydney last week, said that general lack i of employment and much lower wages of those employed were the principal causes of the loss sustained by the company during its last financial year. : Unemployment reached its peak about May and June last, about the time of the State elections. Following some ' rearrangements in the operations of the company in September, sales were gradually lifted till they were above those of the previous year. Christmas week was almost remindful of the time when business was doing well. During the last few months there had been a. distinct improvement in the collection of debts, clearly indicating that unemployment was less acute. Advertising was deliberately increased in efforts to obtain more turnover. In the aggregate there was a small re-1 duction in working expenses.—Christchurch “Press.”
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Greymouth Evening Star, 10 June 1933, Page 10
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151AUSTRALIA’S RECOVERY Greymouth Evening Star, 10 June 1933, Page 10
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