AUSTRALIAN NEWS
METAL SLUMP
( Australian Press Association)
SYDNE), June 17
it is many years since base metals were at their present low levels. Heavy production, coupled with a low consumptive demand, Inis been responsible lor the setback of the prices ol copper, lead, spelter and tin, while internal troubles in China are blamed for the drop in the value of silver. Accordingly the position at Broken Mill and Mount Lycll mines is preJ carious. The shares in these concerns are now entirely out of favour.
£17,€00 FRAUD
IN INCOME T..X RETURNS
Si DNEY, June. 17
James Yates, manufacturer, of Newtown, a Sydney sub :rb, was convicted on several charges of defrauding the Income 'Fax Department by means of false returns, lie understating his income between 1924 and 1929 by €17,000. He was lined. £IOOO, or in default 12 months’ gaol.
N.S.W. ECONOMY
SYDNEY, June 17
The State Government lias asserted to its Economy Bills that were passed by the New South Wales Parliament only after strenuous opposition in the Assembly. These Bills increase the working hours from forty-four to forty-eight per week. They permit tMe rationing of employment- and also authorise the. reduction of the Public service salaries, as well as the imposition of an unemployment tax of three pence in the pound 'on all earnings. The Bills also provide for a reorganisation of the Government relief administration.
The measures will come into operation on July Ist.
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Hokitika Guardian, 18 June 1930, Page 6
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237AUSTRALIAN NEWS Hokitika Guardian, 18 June 1930, Page 6
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