A “SANER” GOVERNMENT
SAYS SYDNEY TORY PAPER. “BENEFICIAL RESULTS’’ OF WAGE CUTS. SYDNEY, June 15. The “Daily Telegraph” says: Money is now cheaper in Sydney, and is being offered to borrowers with a liberality contrasting strongly with the conservative attitude of a few months ago. Today it is possible to obtain up to 60 per cent, of a recognised valuation, at ('i per cent., or even 6 per cent, interest, whereas earlier in the year the best terms were about 50 per rent, at 7. The “Telegraph” adds: The future is regarded optimistically in financial and industrial circles because of what is termed a saner and more stable government. Beneficial results are expected by manufacturers consequent on the reduction in the basic wage, and a return to the 48-hour working week.
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Bibliographic details
Grey River Argus, 16 June 1922, Page 3
Word Count
131A “SANER” GOVERNMENT Grey River Argus, 16 June 1922, Page 3
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