AUSTRALIAN WAGE CUT
BASIC WAGE CUT. (Australian Press Association) (Received this day at 8 a.m.) SYDNEY, January 23. Following a ten per cent reduction of the Federal basic wage, (cabled yesterday), it is now announced that an additional cut “to conform to the variation in the retail price index figures,”, will be made in wages of employers governed by a majority of the Federal awards in the capital cities as follows:—-Sydney 3/-, • Melbourne 5/-. Brisbane 3/-, Adelaide 5/-, Perth 5/6, Hobart 4/-.
New South' Wales Labour Caucus to. day instructed Premier Lang to approach the Loan. Council for a grant of one million sterling for necessitous farmers.
EFFECT IN LONDON, STOCKS "RISE OK MARKET, LONDON, January 22. The “Morning Post’s” financial editor says: A good feature of the markets is a fairly general improvement in Australian loans. Some justification can be found for this improvement in the Australian cables referring to the cuts in wages of a fairly substantial character, which indicate that the Australian authorities are really trying to bring down the cost of production. This is a most important development.
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Hokitika Guardian, 24 January 1931, Page 5
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182AUSTRALIAN WAGE CUT Hokitika Guardian, 24 January 1931, Page 5
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