TRADE DEPRESSION.
AUSTRALIAN WORKERS DISMISSED. (United Press Association—By Electric Telegraph—Copyright.) (Received April 6. 5.5 p.m.) SYDNEY, April 5. Five hundred workers at the huge Port Kembla iron and steel works have received notice of dismissal. Scores of miners employed at the Hoskins collieries have been reduced to half time. It is stated that the reason for the retrenchment is the cancellation of orders for steel girders, owing to slackness in the building trade, and the suspension of railway contracts at Wollongong and Port Kembla. Consequently the industry received a severe setback. The workers’ families are in a panic. CONCERN IN N.S.W. BUSINESS MEN INTERVIEW PREMIER. (United Press Association—By Electric Telegraph—Copyright.) (Received April 6, 11.25 p.m.) SYDNEY, April 6. A group of representative businessmen conferred with the Premier (Mr Bavin) on the subject of trade depression and the financial stringency. The main object was to explore the methods of reducing the cost of production without causing further unemployment, but at the same time ensuring a corresponding reduction in the cost of living. A committee was formed to bring up a report. The State Treasurer (Mr Stevens) also conferred with the banks, in order to get their views.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/THD19300407.2.54
Bibliographic details
Timaru Herald, Volume CXXV, Issue 18537, 7 April 1930, Page 9
Word Count
196TRADE DEPRESSION. Timaru Herald, Volume CXXV, Issue 18537, 7 April 1930, Page 9
Using This Item
Stuff Ltd is the copyright owner for the Timaru Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in