Australia'* Raoovery. —Mr R. M. managing director, in addressing shareholders of Bon Marche at the annual meeting in Sydney, said that general lack of employment and much lower wages of those employed were the principal causes of the loss sustained by the company during its last financial year. Unemployment reached its peak about May and June last, about the time of the State elections. Following some rearrangements in the operations of the company in September, sales were gradually lifted till they were above those of the previous year. Christmas week was "almost remindful of the time when business was doing well. During the last few months there had been a distinct improvement in the collection of debts, clearly indicating that unemployment was less acute. Advertising was deliberately increased In efforts to obtain more turnover. In the aggregate there was a small reduction In working expenses.—Christchurch Press.
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Waikato Times, Volume 114, Issue 19017, 7 August 1933, Page 5
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146Untitled Waikato Times, Volume 114, Issue 19017, 7 August 1933, Page 5
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