POPULATION RETURNS.
The population returns recently published by MrHayter, the Victorian Government statist, show that Melbourne has sustained a loss of 46,000 people in the last two and a half years. For the ten years ending 1891 there was an average increase of 21,000 a year, so that the comparison works out very badly. The Tramway Company feels the effect greatly. Last year September showed an. increase of 250,000 over August in the number of passengers carried, this year, September shows a decrease of 30,0.00, while, comparing it with September of last year, the decrease is 90,000. Another depressing sign of the times is to be found in recent developments in connection with two of the leading building societies of the city. These are the Victorian Permanent and the Modern Permanent. They did not go into liquidation, as so many of the others did, but made an arrangement some twelve months or so ago to pay their depositors the reduced rate of 5 per cent interest. They now find themselves quite \inable to maintain this rate, and both have prevailed upon the depositors to accept a 2£ per cent rate, which is the most they can afford to pay.
J. A
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Bibliographic details
Grey River Argus, Volume XXXVI, Issue 8089, 20 November 1894, Page 4
Word Count
201
POPULATION RETURNS.
Grey River Argus, Volume XXXVI, Issue 8089, 20 November 1894, Page 4
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