SYDNEY COUNCIL.
—4 HEAVY INCREASE IN DEBTS. (bt cable—prbss' association—coptbight.) (acstbaliait and k.z. cabijl association.) SYDNEY, November 22. According to a statement presented to the City Council, its capital d&bt amounts to* £2,000,000, on which it is paving £640,000 interest, as against £443.000 when the Labour administration took charge two and a half years ago. 'Hie Labour Party also found a surplus of £935 converted into a deficit of £183.000 during their, term. Tn view of the continued heavy deficits in railway revenue, the Government and Commissioners are considering a scheme involving an increase of fares and rigidly reducing working expenses, which the forty-four hour week and increased rates of pay have abnormally added to-
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Press, Volume LXIII, Issue 19165, 23 November 1927, Page 4
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115SYDNEY COUNCIL. Press, Volume LXIII, Issue 19165, 23 November 1927, Page 4
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