ECONOMIC SITUATION.

Manawatu Standard, Volume L, Issue 118, 15 April 1930, Page 7

ECONOMIC SITUATION.

MEASURES IN N.S.W. REDUCTION" ALL ROUND. SYDNEY, April 14. Speaking on the seriousness of the economic situation to-night, the Premier, Mr T. R. Bavin, insisted that there must be a reduction in the costs of production. Every class must work harder and take less. It was not a question of doing this at the expense of the wage-earners alone. Everybody must do his bit. Business men, professional men, even the man who lived by rents, must take less. How could the country possibly continue to pay tho same wages or business profits or other reward when the national income had been depleted by £70,000,000 or £80,000.000. Mr Bavin declared that it was r.o time for party politics. Any man who sought to make party political capital out of .the misery and suffering of his fellow men and women would be guilty of gross treachery, and no man could possibly be honest and say pleasant things about the economic condition of this country at the present moment. WIDESPREAD DISMISSALS. OBJECTION TO EMPL6YMENT RATIONING. » SYDNEY, April 14. The officials of the Australian Railways Union have rejected the suggestion made by Mr Cleary, the Railway Commissioner, for economic reforms in the service. As a result 4 there will be widespread dismissals from the service. The Premier, Mr T. R. Bavin, today announced that the union had refused to consent to the rationing of employment. He said that the only alternative was dismissals. It is estimated that 5000 tramway and railway men will lose their positions within the next few months.