SEVERE RETRENCHMENT
NEW SOUTH WALES RAIL SERVICES INDUSTRIAL TURMOIL SYDNEY, Wednesday. Severe retrenchment in the railway services is expected shortly, owing to the industrial turmoil, especially the coal crisis, and the diminished freights through motor competition. The New South Wales Treasurer, Mr. B. S. B. Stevens, today announced that he had budgeted for a small surplus on the railways, but he nowexpected a deficit of £1,000,000, which would have to be met in some manner.
(The cable new* In thl* Issue accredited to “The Times” has appeared in that Journal, but only where expressly stated therein In Australia and New Zealand is such news th® editorial opinion of “The Time*.”) “By special arrangement Reuter’s world service in addition to other special sources of information is used in the compilation of the overseas intelligence published in this issue, and all rights therein in Australia and New Zealand are reserved.) , ...
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Bibliographic details
Sun (Auckland), Volume III, Issue 664, 16 May 1929, Page 9
Word Count
148SEVERE RETRENCHMENT Sun (Auckland), Volume III, Issue 664, 16 May 1929, Page 9
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