FINANCIAL CRISIS.
SOUTH AUSTRALIA’S PLIGHT. WORST SINCE 1840. INCREASE IN RAILWAY LOSSES. United Press Association.—By Electric Telegraph.—Copyright. (Received Tuesday, 8 p.m.) ADELAIDE, September 30. The Auditor-General’s annual report describes South Australia’s financial crisis as the worst since 1840. The losses on railways operations for the year amounted to £1,796,000, making the accumulated losses since July, 1927, £4,196,000. The number of unemployed in 1927 was 2162 and the number now is oyer 15,000. The State is losing by emigration nearly six thousand annually.
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Bibliographic details
Wairarapa Age, 1 October 1930, Page 5
Word Count
82FINANCIAL CRISIS. Wairarapa Age, 1 October 1930, Page 5
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