BUILDING TRADE IN SYDNEY
EFFECT OF DEPRESSION
SYDNEY, July 8.
The effect of the depression oil build-i ing activity in the metropolis of Sydney is revealed strikingly hi the Water and Sewerage Board’s latest annual report which discloses a reduced outlay on buildings of nearly £9,500,000 compared with last year, and 1930 was bad ■enough, in fact, it was one of the blackest periods in the building industry and trade ill Sydney. The year ol the armistice holds the next worst record to th® present for slackness 5n Sydney, trade, of course, having suffered severely as a result ol the war, In 1914 when the building trade was firmly on its feet, more than 10,500 houses, providing accommodation lor 50,000 people, were built. In other words, Sydney in that year added to its size a suburb as large as the populous area of Paddington. To-day, it is difficult to find money to build a fowlhouse, let alone one for human habitation. The building trade in Sydney, more than any other activity probably, is praying for the day when New South Wales will •tnn rge' from the Cimmerian economic and political gloom.
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Hokitika Guardian, 17 July 1931, Page 5
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191BUILDING TRADE IN SYDNEY Hokitika Guardian, 17 July 1931, Page 5
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