Overdrafts And Savings Interest Rates To Be Raised
The Reserve Bank and major banks plan to raise overdraft and savings rates. The broad aim is to reverse last April’s cuts with a 16 percent overdraft rate restored to pre 1963 levels, affecting trading bank lending and deposit rates. Savings bank housing loan rates will not increase. London commentary notes rising prices risk to Australia’s balance of payments. Cantabrian statistics show hire purchase debt near £460 million in March and retail sales rising in the December quarter.
MENTIONED IN THIS ARTICLE
Coombs
Reserve Bank
Savings Bank
Commonwealth Savings Bank
Fr RF. Abercrombie
Australian Bankers’ Association
Suvre
Australia
Canberra
Commonwealth
Archer
Souvanna Remains Premier After Coup Deal Acceptance
The government led by Prince Souvanna Phouma will continue in power after Gen Kouprasith and allies pressed for changes. A cabinet meeting approved parts of the rebel motion and pledged ongoing military control of Vientiane until a new government forms, per Gen Kouprasith and Gen Siho Larphoutha koul.
MENTIONED IN THIS ARTICLE
Koumrasith
Kouprasith
Prince Souvanna
Siho Larphouthakoul
Souvanna
Revolutionary Committee
Siho
Prince Souvanna Phouma
Kouprasith Abhiey
Sibey Lanphourikeul
Rouprasith
Vientiane
Applicants for Six New Taxi Plates
About 1.450 people applied for six taxi plates. A ballot will decide recipients soon. Three single plates will be issued almost immediately and three before August end. Remaining names go to reserve lists for more plates and future single-plate allocations. The last ballot in Canberra was November 1962 with 1,200 applicants for two plates.
MENTIONED IN THIS ARTICLE
Canberra
Anzac Day ceremonies to draw prayers and crowds in Canberra
Fine weather forecast for Anzac Day services in Canberra with more than 12 000 expected at two ceremonies at the Australian War Memorial. Over 1 200 ex service personnel expected to march from Reid Park to the main event attended by the Governor General and Prime Minister Robert Menzies.
MENTIONED IN THIS ARTICLE
Australian War Memorial
Reid Park
Viscount de Lisle
Robert Menzies
Canberra
Hasluck and Paltridge Take Key Ministerial Roles
Prime Minister appoints Hasluck to External Affairs and Paltridge to Defence and Civil Aviation. Paltridge to continue as Minister for Civil Aviation for now. Sir Garfield Barwick resigns to become Chief Justice, with a by election planned for Parramatta after his move.
MENTIONED IN THIS ARTICLE
Sir Robert
Prltridge
Lord Casey
Defence
Ment House
Lord de Lisle
Hasluck
Paltridge
Sydney
A.L.P
Al.p
Parramatta
Garfield Barwick
Two Killed In Highway Collision Near Goulburn
Two people died when a car and a truck collided nine miles north of Goulburn on the Federal Highway. A third occupant was admitted with severe shock. Const. RO Metniore leads inquiries. names withheld pending identification.
MENTIONED IN THIS ARTICLE
Hyo
Goulburn
Nan Oon
RO Metniore
Collegior
Australian Envoy And Subandrio In Talks
Australian envoy and Subandrio held talks prompted by hope to avert a public mud-slinging clash between Indonesia and Australia. Subandrio said Australia wished for peaceful settlement of the Malaysia dispute while anti Australian feeling rose after Sir Garfield Barwick’s warning on invoking ANZUS.
MENTIONED IN THIS ARTICLE
Shann
Indonesia
Australia
Subandrio
Malaysia
Associated Press of America
Garfield Barwick
Malaysian
Bamneo
Football Pool Checking Begins in Canberra
Hundreds of entries arrived by the 5 p.m. deadline as the Canberra Valley Lions Club sorts and checks submissions. Organisers expect about 19 000 cards after distribution, with giant LB.M. computer tallying results once matches are known and prizes announced Monday. The club donated two 100 pounds gifts to charities and 200 pounds raised earlier was split between the Smith Family Appeal and ROSIL. Fifty percent of net proceeds go to charity.
MENTIONED IN THIS ARTICLE
Australia
Canberra Valley Lions Club
Lb.m
Smith
Rosil
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