Bank advances cut to required level curb on lending eased
Government through the Reserve Bank ordered banks to reduce outstanding advances by end March after a peak of £1,092 million. The Commonwealth Bureau of Census and Statistics reports declines from November to February totaling £59.6 million, with further reduction likely in March. Banks deposit 16 percent of deposits with the Reserve Bank and may release funds gradually in the final quarter to ease the tightening.
MENTIONED IN THIS ARTICLE
Reserve Bank
Ioks
Eday
Commonwealth Hyreau of
Ceasne
Statis‘os
Reserve Bank Normal
American A-Sub For Australia Aboard Pacific Wheat
Five warships and 1,200 men of the Pacific fleet will call at Australian ports in April and May to celebrate the Allied victory in the Coral Sea. The detachment includes the nuclear submarine Sargo and destroyers Somers Rowan Gurke and the radar picket Southland. General Powell will be guest of honor and U.S. representative. The Sargo previously broke Arctic ice to reach the North Pole in the prior winter season.
MENTIONED IN THIS ARTICLE
Pacific Wheat
Australigm
Coral Sea
Sargo
Somers
Rowan
Gurke
Southerland
WN. B. Powell
U.S. Continental Army Command
U.S
Vtlear
Arctic
North Pole
A L P Leaders Meet in Canberra
Federal A L P delegates gathered in Canberra for Exwells five meeting at the Hort Kinesion yesterday. Attendees included FP Brebner Vic Keatie Mr He Wan Dunstan and MBA SAL.
MENTIONED IN THIS ARTICLE
Asl
Exwells
Space ship mounted for flight
The Redstone missile system for the Mercury astronaut flight was placed on its launching pad. Engineers attached cables and devices to test systems as the capsule will be hoisted atop the 60 foot rocket about a week before launch. The mission aims for 300 miles out to sea and 115 miles offshore with a possible countdown late this month or early May.
MENTIONED IN THIS ARTICLE
New York
A L P Unity Ticket Deadlock
Federal ALP deliberations reveal deadlock over unity tickets and bans on standing for election with Communist candidates. NSW and Tasmania delegates hold sway, while Dunstan is elected vice president. Chamberlain notes policy formation and planning ahead of the annual conference.
MENTIONED IN THIS ARTICLE
ALP
Nsw
Tasmania
Thy
Kingston
Traler
Dimastan
South Aferian
A,l
Dunstan
F. Taylor
Taylor
F. E. Chamberlain
U K and Soviet seek end to Laos war talks
Britain and the Soviet Union discuss draft documents on ceasefire and an international supervisory commission for Laos as diplomats say progress remains possible. Laotian Defence Minister General Phatimit Nowosan says the Royal Lao Government is ready to cease hostilities once orders come.
MENTIONED IN THIS ARTICLE
Frank Roberts
Moscow
Georgi Pushkin
Soviet Union
Laos
Nehru
International Supervisory
India
Canada
Poland
Prince Moredom Sihasone
Cambodia
London
Phatim’ Nowosan
Pathet Lye
Out of This World Bugs Baffle New York Scientists
Scientists at the National Institute report tiny, six to sixteen millionths inch long rod like particles from a Keene meteorite. The eyelike objects, grown in a germ free cabinet, appear unlike any terrestrial life and resemble sausage shaped forms under a microscope.
MENTIONED IN THIS ARTICLE
New York
National Institute
Keene Stucky
Iday
A.A.P
Times
French Customs Strike Called by Trade Unions
Unions in France called a 24 hour strike among customs officers today in support of wage demands. The action aims to pressure authorities on pay scales and living costs amid ongoing labor disputes.
MENTIONED IN THIS ARTICLE
Paris
Ant Reuter
France
Also Mentioned on This Page
Australia
A.L.P
Canberra
A.L.P. Unity
Kingdom
Sir William Oliver
Gorton
Ral) Tepeavention
Lian
Lord Charington
Sydney
Aus
Tralian
Defence
Tawnley
U.K
Russia
Mr. Pushkin
Ulmft
Kross
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