SLUMP IN AUSTRALIA.
EFFECT ON INCOME. A LOSS OF £200,000,000. That the slump in the market values of Australia's exportable prorluction, added to the reduction in production generally experienced during the last three years, had represented the loss of £200.000,0011 in I he Commonwealth's income. was | dated by Sir Kelso King, at the anuial meeting of shareholders in Mort’s Dock and Engineering Co., .Id., al Sydney. These economic conditions, he said, lad had a very serious effect upon he trade of Sydney's port, result ng in fully 50 per cent of the inerstale ships and a large proporion of the coastal vessels. being | aid up. Sir Kelso King mentioned that the 1 lirertors of lhe company had re lured their fees by 50 per cent., and i iad effected reductions in expenditure vherever possible.
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Waikato Times, Volume 110, Issue 18406, 13 August 1931, Page 11
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134SLUMP IN AUSTRALIA. Waikato Times, Volume 110, Issue 18406, 13 August 1931, Page 11
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