SWITZERLAND’S TRADE
DIBABTROUS PLIGHT. INDUSTRY AT A STANDSTILL. United Press Assn.—Elec. Tel. Copyright. LONDON, Oct. 26. The Geneva correspondent of the Daily Telegraph slales that trade in Switzerland is In a disastrous condition owing lo the decreased demand from abroad. This is due to ihe high value of (be Swiss franc. Hotelkeepers arc almost ruined, Hie watch industry is at a standstill, Hi,. Federal railways are showing a deficit of £1,590,000 for the period January-Seplernber, 1932, ami tho farmers arc clamouring for Government subsidies to avoid ruin. it is likely that Switzerland will go off the gold standard.
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Bibliographic details
Waikato Times, Volume 112, Issue 18777, 27 October 1932, Page 7
Word Count
98SWITZERLAND’S TRADE Waikato Times, Volume 112, Issue 18777, 27 October 1932, Page 7
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