The Depression in Australia
A former resident of Feilding, now living in Australia, writes as follows to a friend in this town :— " Things are in a most deplorable state in all the Australian colonies. I have been in Queensland and Victoria, and the same state of things prevails everywhere. Retrenchment, falling off of revenue, and banks smashing almost every day, is just now the position of affairs. Many who a few months ago, wore in comfortable circumstances, are reduced to a state bordering on destitution, and no signs of improvement. No one knows what it is all going to come to. Every day reveals the rottenness, bad management, and untrustworthiness, of every financial institution in tho country. Assaults, highway robberies, and housebreaking, are the order of things, so that it is scarcely eafo to walk abroad at night, in fact robberies take place in the mid-day, hand-bag snatching, and such like." The writer concludes by strongly advising his f riond not to go over to Australia at the present time. ______ __ _ .
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https://paperspast.natlib.govt.nz/newspapers/FS18930518.2.27
Bibliographic details
Feilding Star, Volume XIV, Issue 141, 18 May 1893, Page 3
Word Count
170The Depression in Australia Feilding Star, Volume XIV, Issue 141, 18 May 1893, Page 3
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