Bank Division Plans Under Two Boards Face Cabinet Decision
A government move to reconfigure the Commonwealth Bank into two boards faces a full ministry meeting today to determine the extent of reform. Proposals split governance between a Commonwealth Trading and Savings Banks board and a separate Centrail Bank board, amid Liberal Party divisions and pressure from private trading banks to curb socialization.
MENTIONED IN THIS ARTICLE
Commonwealth Bank
Commonwealth Trading and Savings Banks
Coombs
Mensica
Sir Arthur Fadden
Undamaged Pharoah's Head Discovered Near Cairo
Swiss and German archaeologists report the first practically undamaged stone head of an Atta dynasty pharaoh, about 2,500 BC, found seven miles south of the Giza pyramid. Director Hans Stock says it is of estimable value, likely from a crown of Lower Egypt, with only the head surviving amid Nile flood erosion.
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Cairo
P.reuter
Giza Pyramid
German Archaeological Institute
Hans Stock
Egypt
Two Points on Central Bank Distinguishing Bank Duties
The article discusses establishing a true and proper Central Bank separate from trading functions. It notes parliamentary and cabinet discussions, Liberal and Country Party meetings, and failures to resolve the issue, with references to the Full Ministry and Bian apie in cabinet.
MENTIONED IN THIS ARTICLE
Bian Apie
Iasus
Evatt Urges Three-Power Talks To End Tests
Opposition leader Dr Evatt called for immediate three power talks among America Britain and Russia to end nuclear tests. He spoke in the House of Representatives in response to a statement by the External Affairs Minister. He urged talks to take place this year and warned against ongoing nuclear tests.
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Dr. Evatt
America
Britain
Russia
House Representatives
Attaiegter
At. Casey
Lloyd denies role in Egypt attack plan
London Tuesday AAP Reuters reports Bri Bryce Loyd denies collusion in last year’s attack on Egypt. He states no incitement of Israel nor any agreement with the U.K. government. Prime Minister Macmillan later says Britain warned the U.S. relying on the United Nations is not a substitute for foreign policy.
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London
Tuesda
Macmillan
Britain
U.S
United Nations
Hugh Gaitskell
Middle East
United States
Cyprus
Makariog
Union-with- Greece
Seychelles
Eisenhower
U.S. Cauefel
SEATO Defence Manoeuvres To Start This Month
Thai, United Kingdom, United States, Australian, French, New Zealand forces will join SEATO defensive air exercises in South-East Asian waters from April 24 to May 2. The plan includes air training and joint naval surveillance conducted under SEATO auspices.
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Everusy
AAP
Reuter
New Zealand
United Kingdom
United States
Macmillan Speech Stabilises Government After Salisbury Resignation
London reports say Mr. Macmillan’s Commons speech steadied the government after Viscount Salisbury’s resignation. He asserted Britain’s nuclear tests would continue, pressed for U.S. and U.K. cooperation, and outlined Middle East, Cyprus, and UN strategy while eyeing the Suez Canal and Western oil protections.
Alleged 75000 Offer To Stop Oil Legislation
Brisbane report says Opposition leader Nichl din alleged an offer of 75000 to halt oil legislation. He claimed a letter from Minister Jones promised protection as debate on the Motor Spirits Bill moved to second reading. The bill would require petrol station licenses and ban selling multiple brands.
MENTIONED IN THIS ARTICLE
Brisbane
Tom
Nichdlin
Nicklin
Geir
Josephson
Labour and Industry
Me. Jones
Eisenhower Not To Resign Says He Won't Finish Term
Report from Cleveland cites a statement attributed to Louis Seltzer dismissing rumors that President Eisenhower would resign before completing his term. The item notes an earlier quote calling the claim "complete and utter nonsense." The text references a friar et Mutement and Mr Hagerty's reaction.
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Mr. Hagerty
Louis Seltzer
Cleveland Re
Nasser Seeks UN Canal Loan For Modernization
New York AAP report says President Nasser seeks a United Nations loan to buy ships and navigational gear for the Suez Canal. He reportedly spoke with John McCloy, aiming for about 10 million dollars. The U.S. favors a plan aligned with six UN principles for Egyptian operation of the waterway.
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New York
A.A.P
Nasser
United Nations
Sues Canal
Tamalleamuditimne
Nanster
John McCloy
Buex
Alla
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