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Adelaide Mail Newspaper Archives Jul 26 1952, Page 1

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Adelaide Mail (Newspaper) - July 26, 1952, Adelaide, South Australia National Library of Australia Lastone stockings knee. 39/6 each thigh. 49/6 each rubber stores of . 4t Lawler place. 186 Rundle St. 26 Bank St. �100m. Tax cuts Likely 12j percent.1 reduction in income rate Canberra sat tax cuts for individuals and companies in the budget on August 6 Are expected to total �100 million. Pensions will be increased and some cuts will be made in sales fax mainly on cosmetics and toilet articles. Personal income tax rates will be reduced by probably 12 per cent. Made up of the 10 per cent Levy imposed last year plus a further 21 per cent. This Concession is expected to Cost about �60 million. Company tax cuts will probably Cost �30 million or �40 million. Social ser vice and repatriation benefits will amount to about �30 million. The biggest sales tax cuts will be on goods used by women cosmetics and toilet article which now carry heavy tax. Apart from these sales tax concessions will not be substantial. The 66 2-3 per cent impost on luxury items will be retained. Some regrouping the general Basic sales tax rate of 12j per cent is not Likely to be lowered to the 8 1-3 per cent exist ing before the last budget. Some items will be transferred from the 66 2-3 per cent to lower brackets and other items will be re grouped. No additional excise will be imposed on Beer wine spirits or tobacco. Buyer resistance and a general drop in sales particularly on Beer wine and spirits convinced Cabinet there was no Field Here for extra Revenue. Defence expenditure will be at & record peace time level of �200 million. More Bank credit the budget concessions will involve heavy use of Bank credit to Bridge the Gap Between Revenue and expenditure. This is a striking con Trast to last year s budget which showed a surplus of �100 million. For four Days and three nights this week Cabinet considered these conflict ing factors in the Economy. The Basic wage Rise last week showed that powerful inflationary forces were still operating. Growing unemployment and concern by Many businesses indicated that in some sections of the Economy inflation had been checked. While economically it might be Wiser to move very cautiously in granting a cuts it would be poli tical suicide not to Grant them. Cabinet s decision was determined by Many de mands Fox. Tax concessions and the stiffening attitude of party backbench ers. The treasurer sir Arthur Padden will pre sent the budget to the House of representatives about 4 . On August 6. Liberal and country party members will be Given a Broad outline of the budget at party meet Ings in Canberra on August 4 and 5. Jim Deane injured South Captain coach Jim Deane May not play foot Ball again this season. An a Ray today showed Deane had broken two Bones in his leu Nana. A few minutes after the Kensington Oval match Between South and tor rens started Deane went up tor a Mark with the apparently he received a hard knuckle Knock on the Back of his hand be cause his hand went numb. In pain Deane played the rest of the Quarter and for the first five min utes of the second. Then he reluctantly left the Field and was raced off to Hospital. Club officials said it was unlikely Deane would play again this season. He would certainly miss the interstate match against a in Perth. Today s league games resulted North 13-11 Norwood 9-11. Glenelg 13-18 Start. 9-8. Torrens 18-12 South. 8-13 port 11-10 West 5-17. Went Flat out Marjorie said Helsinki sat Australia s Marjorie Jackson fastest woman runner on record May Tower the world time even further when she runs in the olympic games 200-metre final today. Yesterday she shattered the world record in winning her Semi final in 23.4 Sec. 0.2 Sec better than the pre revious Best time set by polish born Stella Walsh in Warsaw in 1935 after her record breaking run Marjorie told press men of a dozen nations i am wildly excited. I had t planned to try for a record until next year. But i found the track fast conditions Good and i Felt Good too. So i decided to have a go. I just went Flat out All the Way. I did t take notice of the other runners or the bit of Crosswind in the straight Marjorie is prohibitive favorite to win the 200-metre title and add it to her 100-metre title. Success will make Marjorie the first australian Ever to win two Gold medals at one olympics. She seems certain to get her third Gold medal a sunday As a member of a winning women s relay team and no Romance Sydney sat sprint Star Marjorie Jackson in letters Home has denied rumours of a Romance with South australian cyclist Peter Nelson. Letters received by close friends this week discounted the rumours and urged that they be ignored. Her boy Friend 21 year old Lithgow sports Man Jim Patterson also received a reassuring message from Marjorie in which she asked him not to believe rumours that might emanate from Helsinki. ? today s events Back Page. Adlai Stevenson chosen As opponent for Ike Truman tips win Chicago sat or. Adlai ? Stevenson was nominated As the democratic party presidential candidate Early today. President Truman addressing the convention shortly after said the 52 year old governor of Illinois would win the elec Tion in november. Or. Stevenson the con scripted candidate was declared nominated after the third ballot. The ballot which came at the end of nearly 12 hours of manoeuvring showed 613 votes for or. Stevenson just Short of a majority of the 1,230 Dele Gates. Senator Estes Kefauver and senator Richard rus sell then went to the plat form and conceded Victory to or. Stevenson. The Utah delegation then made the Victory offi Cial by announcing it was switching 45 votes it had cast for other candidates in the third ballot to or. Stevenson giving him 6171. There were shouts that the vote for or. Stevenson be made unanimous amid some faint cries of no and the chairman or. Samuel Rayburn declared or. Stevenson nominated by acclamation after the switch by Utah senator Kefauver had 2752 votes and senator Russell 261. Next highest on the list was or. Alben Barkley with 67i. Senator Kefauver had led the first ballot with 340 votes. Or. Stevenson was next with 273 and senator Russell was third with 268. The band Wagon for or. Stevenson started to Roll when or. Averell Harri Man who received 121 votes on the second ballot 21 fewer votes than on the first ballot withdrew from the race. Senator Kefauver and senator Russell in their Concession speeches congratulated or. Stevenson and promised to do All they could to secure his election. Truman cheered because or. Truman and or. Stevenson were to address the convention acceptance of nominations for vice president was postponed to a new session to be held later today. There was great cheering As or. Truman entered the Hall. He called for an Early end to the Demon stration reminding Dele Gates of the Early morning hour. Or. Truman said you have nominated a Winner for the next president of the United states. Your Choice is one we can All get behind turbulent age or. Stevenson pledging to ? fight to win the november election said the republicans were Hope Lessly divided and that Gen. Eisenhower has been called upon to mini Ster to a hopeless Case of political schizophrenia turning to the problems ahead. Or. Stevenson said in the ordeal of the twentieth Century the bloodiest most turbulent age of the Christian Era sacrifice patience under standing and implacable purpose May be our lot for years to come. Let us face it. Let us talk sense to the american people. Let us Tell them the truth that this is the eve of a Long costly struggle against War. Poverty and tyranny Aap. ? or. Stevenson s career Page 40. ? president t r u m a n pledge Page 4. Tonight s radio it cure of president Truman left congratulating a Happy or. Adlai Stevenson on his election As democratic candidate for the presidential elec Tion. Ight s r i silent i l i on his r to t r i to l storm toll �500,000 Sydney Sot two cyclones thrashing the new coast have already caused �500,000 damage. Rain has been the heaviest since the record set two years ago. In some parts of Sydney up to 6 in. Of rain has fal Len in 24 hours. The weather Bureau expects flooding near Syd new and Newcastle and has repeated storm warn Ings to shipping. The storm so far has ? blocked railways and main highways. ? flooded City shops. ? stopped air traffic at Mascot aerodrome for several Short periods. ? delayed incoming and outgoing ships. ? damaged City and suburban houses and fits. ? scoured out tramline and recently repaired roads. ? blown ashore dozens of Small Craft anchored in the Harbor Bays. ? prevented almost every sporting fixture in Sydney and Newcastle. ? flooded Market Gar Dens and ruined Citrus Orchards. Rail traffic Between Syd new and Newcastle was suspended this morning when Earth collapsed in a cutting South of wee. Continued on Page 4. Cool smoking Monarch cigarettes 3/2 packet of 20 wholesale agents Cornell limited 122 Pirie St., Adelaide Dollar Ful voice new York sat Singer Al Jolson left an estate of $4,044,147 �a1 ,850,000 when he died on october 23. 1950. According to an accounting filed in court Here yester Day. Aap

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