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Newspaper
Cairns Post
Location
Cairns, Queensland, Australia
Date
Nov 05, 1929
Page
12
Queensland Legislative Assembly debated a bill to extend cattle and sheep leases under the Common Housing Act. Ministers and opposition argued on timelines for extensions with calls to protect land for closer settlement and safeguard state interests against land speculation.
Members debated Clause 9 on resumption for depasturing cattle with a 23 to 16 vote after progress was reported. A protest by a Ya pastoralist group criticized government inaction and pressure, while Mr Brassington was asked to name a minister but declined. The House adjourned until Tuesday.
Warsaw witnesses a budget session opening marked by a Cromwell like intervention by Marshal Pilsudski. Ninety officers marched into the lobby with swords and revolvers signaling a possible coup d etat while the speaker refused to open the session. Troops occupied the lobby as government deputies furnished chairs for their officers and a few ladies arrived to add festivity to the proceedings.
An advertisement features Alberta Rogers praising McCoy's Cod Liver Compound Tablets for rapid weight gain after illness. It promises a 5 pound minimum gain in six weeks with a 30 day ironclad guarantee, urging purchase of the original product and return if unsatisfied.
On October 31 the New York market closed after a three hour rush with over 7,000,000 shares traded. Prices rose up to 73 points early, then consolidated as profit taking and short covering pushed the list higher. Brokers rushed to execute orders amid long declines in confidence and margins. The market’s advance reflected a mix of technical and psychological factors with belief that the bottom may be reached and bargains available. Washington reported brokers loans in New York district at 5.538 billion dollars for the week ending October 30, down 1.016 billion from the prior week.
Orange faces a critical water shortage with reservoirs holding far less than normal. Inspectors restrict garden use. one car wash was shut off. Rainfall is scant and officials warn taps may be shut to conserve supply as plans for a new reservoir proceed.
The Director of Labor tabled the annual Unemployment Insurance Act report in Brisbane noting a rise in weekly contributions from 4d to 6d from July 1. The extra funds cover sustenance and working expenses with a June 30 credit of £62,997, up from £10,665. A larger reserve is needed to handle unforeseen demand and public works subsidies are not funded.
Queenslanders posted 445 on a long innings with Goodwin making a century and Scott starring with two wickets. NSW batted to 333 at stumps with Allsopp, Burt and Chipperfield among bowlers, and Queensland named for Brisbane Shield opener on November 8 led by Nothling.
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