THOUGHTS OF THE TIMES.
AUSTRALIA’S DANGER, “Rations for the unemployed are costing our Governments, about £lO,•500,000 per annum at present, and exchange is expected to cost another £8,900,000 in 1931-32. These items in the budget will grow until- we hit upon, agree upon, and act upon a plan to set things right. Then they will shrink, not perhaps immediately, yet certainly. But no one can feel it safe to invest or to remain an investor in Australia so long as new money is being created to meet recurring changes. The danger banks up, and like a thundercloud, may suddenly break.” . —Bank of New South Wales circular.
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Hokitika Guardian, 27 July 1931, Page 4
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106THOUGHTS OF THE TIMES. Hokitika Guardian, 27 July 1931, Page 4
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