ALMOST RUINED
SWITZERLAND’S TRADE HEAVY RAILWAY DEFICIT FARMERS IN PARLOUS STATE (United Press Assn—Telegraph Copyright.) (Rec. 7 p.m.) London, October 25. The Daily Telegraph’s Geneva correspondent states that trade in Switzerland is in a disastrous condition owing to the fall in the demand from abroad, due to the high value of the Swiss franc. Hotels are almost ruined while the watchmaking industry is at a standstill. The Federal railways are showing a deficit of £1,590,000 between January and September, 1932. Farmers are clamouring for a Government subsidy to avoid ruin. It is likely Switzerland will go off the gold standard.
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Bibliographic details
Southland Times, Issue 21848, 27 October 1932, Page 5
Word Count
100ALMOST RUINED Southland Times, Issue 21848, 27 October 1932, Page 5
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