INDUSTRY CLOSING.
SYDNEY’S UNEMPLOYED. By Telegraph.—Press Assn.—Copyright. Received April 23, 5.5 p.m. Sydney, April 23. Speaking at the annual dinner of the Institute of Engineers at Newcastle, Mr. Baker (manager of the Newcastle steel works) said the works had now stopped development and in a few days would stop producing altogether, as the company could not manufacture at a loss. He added that if they had cheaper coal they would be able to compete with English iron and steel manufacturers.
The report of the State labor exchange shows that at the end of March there were six thousand unemployed in the city and seven thousand in country.—Aus.-NJZ. Cable Assn.
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Taranaki Daily News, 24 April 1922, Page 5
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109INDUSTRY CLOSING. Taranaki Daily News, 24 April 1922, Page 5
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