Central Bank Separation Plan Decided by Government
The government announced a major banking reform plan moving toward a true Central Bank separate from the Trading Bank. The Rural Credits Department stays with the Central Bank while a new four-board structure governs the Trading Bank. Canberra may host future Central Bank headquarters.
MENTIONED IN THIS ARTICLE
Commonwealth
Prim
Menzies
Commonwealth Bank
Inpreese
Liberssau
Ulatexan
Mongar
Point of Stadt
Canberra Chamber votes on Friday night shopping trial
At a crowded Chamber of Commerce meeting in Canberra, members debated Friday night trading hours now allowed under the current ordinance. They agreed to a limited trial until May 3 to gauge public demand and to test responses during Easter and the upcoming weeks, with overtime paid for late shifts.
MENTIONED IN THIS ARTICLE
Canberra
Chamber
Ming
Breckoula
Mt E Ue
G. A. Coleman
R. D. Cowden
Employers’ Association
Chamber of Commerce
Reform Talks Shape Future of Commonwealth Bank and Savings Bank
Liberal and Country Party figures say gains toward separating central and trading functions mark progress on reform. They await government details on Commonwealth Savings Bank while prepared to resist further interference with the Savings Bank. Legislation to amend Banking Acts expected in the Budget session later this year.
MENTIONED IN THIS ARTICLE
Mevazits
Liberal Party
Commonwealth Bank
Bul Olso
Savings Bank
Country Party
Common Wealth Savings Bank
Dr. Coomba
Ari Ure
Queen Elizabeth Dazzled As Seine Pageant Enchants Paris
Queen Elizabeth, beside President Rene Coty, rode a river parade through Paris with crowds along both banks delaying traffic. She wore a diamond adorned gown and stole as fireworks lit the sky, then met Coty at the British Embassy. The visit included Versailles and a reception after, with speeches urging Britain and France to stand together in liberty and culture.
MENTIONED IN THIS ARTICLE
Paris
Elizabeth
Seine
Rene Coty
Stara
Assh
Legion, of Honour
Coty
Louis XIV
Versailles
French Academy
Notarites
Britain
France
Versaillee
Marie Antoinette
Louis XVI
Donald Caskla
Kier Aldre
Island of
Tons
Scotland
WAPET Defended By Minister On Oil Strike
Perth reports the Western Australia Minister for Mines Mr Kelly defends WAPET over the Rough Range oil strike. He says there is no need for an inquiry and claims WAPET actions have been above board, expressing surprise at criticism from Senator OByrne and affirming ongoing investigation efforts.
MENTIONED IN THIS ARTICLE
Wapet
Perth
Rough Range
W.A
Kelly
Esperance
Wapet Company
Tam
Aceng
O'Byrne
Sukarno Bets All On New Cabinet In Jakarta
President Sukarno stakes prestige on a cabinet intended to unite major parties including Nationalist, Nahdatul Ulama, and Masjumi while conceding three seats to Communist sympathisers. Moslem leaders oppose the plan and expel a minister, as regional autonomy tensions rise outside Java.
MENTIONED IN THIS ARTICLE
Djakarta
Sukarno
Existeng
Serge
Communist Party
Nationalist Party
Nahdatul Ulama
Masjumi Party
Jeadera
Masjumi
Nahdatul
Ulama
Oraily
Pangeram
Mohammad Noor
Mahdatul Alam Party
Java
Arabs Protest U S Over Elath Tanker Passage
The Middle East News Agency says Arab states protest to the United States over the Kern Hills voyage through the Gulf of Aqaba to Elath, claiming a violation of Arab waters. U S officials say such passage was a normal commercial transit. Russia protests U S discrimination in Panama Canals, calling delays a violation of equal access guarantees.
MENTIONED IN THIS ARTICLE
JOM Auaresus Nig
Middle East
Kern Hills
Elath
Israel
Gulf of Aqaba
Washington
State Department
Lincoln White
Straits of Tiran
Russia
America
Panama
Tass
Also Mentioned on This Page
Vital Jay
Masatoshi Matsushita
Ishibashi
Noel-Baker
London
Sr. Matsushita
Christmas Island
Rural Credits
Rural Credits Department
H.C. Comba
Commonwealth Banke
Chairan
Bank
Bond
Central Bank
Lvl Coat Ak
Ouuberc
Rellwayn Services Trading Bank
Sheehan
Labour
Victoria
Goulburnam
Tila
Tihe Witer
Nsw
Transport Ceaument
Sheeran
Marriott
Lib
Wsmunia
Bheehant
Ttds
Transport
Paltridge
Nationalevelopment
Benatar Spooner
Paltrid
U.S
Soviet Union
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