FINANCIAL CRISIS
SOUTH AUSTRALIA’S PLIGHT. ■ WORST FOR NINETY YEARS. (United Press Association.) (By Electric Telegraph—Copyright.) ADELAIDE, September 30. (Received Sept. 30, at 9 p.m.) The Auditor-general’s annual report describes South Australia’s financial crisis as the worst since 1840. The losses on the railways operations for the year amounted to £1,796,000, making the accumulated losses since July, 1927, £4,106,000. The number of unemployed in 1927 was 2162, while the number now is over 15,000, The State is losing by emigration nearly COOO annually.
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Bibliographic details
Otago Daily Times, Issue 21145, 1 October 1930, Page 7
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82FINANCIAL CRISIS Otago Daily Times, Issue 21145, 1 October 1930, Page 7
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