18 Aug 1947
Page 1
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This newspaper page contains 19 articles. Subscribers can read the full text of each article.
Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Aug 18, 1947
Page
1
Cabinet approved immediate draft bill to nationalise Australian trading banks with compensation questions. Gatekeeping issues include state versus Commonwealth roles, possible independent appraisal, and anticipated parliamentary passage before November sittings.
The Commonwealth Government plans to nationalize private insurance, with officials examining constitutional power to transfer control. A senior minister stated Parliament has authority under Section 51 Subsection 16 to legislate on insurance beyond state lines, tying the issue to broader reforms in banking and industry.
Signs of upheaval spread to Canberra as South Australia vows to oppose federal moves on banking nationalisation. Premier Playford warns the decision shakes public confidence while ministers vow to act, even if appealing to the Privy Council if needed. The dispute comes as Australia grapples with a crisis over currency and economic policy.
Sunday commentary warns that government plans to nationalise banking could shock markets and erode confidence. Fadden and Redden urge caution, arguing such a step would trigger panic and worsen the nation’s economic position amid international pressures.
The United States plans to oppose Britain’s attempt to extend the World Monetary Fund charter to name long term goals. American officials believe such a move could hinder the fund’s ability to stabilize world currencies. Sweden’s Prince Eugen attended coverage of the event.
A Geneva report states Britain completed tariff negotiations with South Africa and twenty two deals seen, with talks expected to end September 10. US UK and French discussions show little progress while Australia and Canada push for balance of payments safeguards and selective protection, signaling cautious optimism amid disputes. New Zealand endorses adaptive smart tariffs, while some nations resist Article 2 provisions and call for non protectionist processing measures.
A fragmented report from Sydney outlines a federal plan for marriage loans. Details are being worked out by a director, with parliamentary approval and cabinet consideration to come. The plan resembles schemes in other nations and may include coupon offers for furniture and household goods.
AAP Reuters reports MacMahon announces resignation in Tokyo citing inability to continue under minister. The move follows tension with government circle and cabinet reshuffle rumors.
Mr Ball said he could not carry on under Dr Evatt and would return to Australia to report to the Prime Minister. In Tokyo rumours swirled about a rift with Evatt and a potential reshuffle of the Australian mission as General Robertson was appointed to a temporary role. Ball prepared to leave Japan aboard the Duntroon as Canberra talks loomed.
Burma Assembly approves a draft constitution and creates four committees to draft the bill. Authorized commissions to form a constitution for submission in September, aiming to establish Karen representation and a constitutional framework.
A resignation from Mr Ball to the Prime Minister was accepted as General Riotertaoh is to be appointed next week. Friction with Canberra over policy has persisted for months amid mounting criticism of British Commonwealth forces and General Macarthur’s role.
Pandit Nehru denounced communal violence and pledged that the government would spare no one involved. He outlined aims to reform entrenched interests, advance irrigation projects, and promote rapid industrialization while warning British troops leaving India. Thirty nine killed and 31 injured in Lahore riots yesterday.
Sixteen people were killed when a train traveling between Lisbon and Oporto derailed near Lisbon. The accident is believed to have been caused by a rail break under the coaches as the train passed.
London Sunday expresses Prime Minister Winston Churchill warning Britons against emigration as socialist rule has driven many to seek a new life abroad. He urges resilience, freedom, and industry at home, arguing that only by individual enterprise can Britain endure the threat of totalitarianism and preserve national liberty.
Disjointed report notes United States and Indonesia exchanged radio replies on mediation for Indonesian independence concerns. Officials indicate willingness to range talks if both sides engage, with U.S. seeking broader participation and alternatives through the Netherlands as a Security Council option.
Jobe Bromwich sparked a comeback as Australia defeated Czechoslovakia and advanced to the Davis Cup challenge round in Montreal. Brewer defeated Drobny, Comnik upset Pale, and Bromwich and Pale face Americans in doubles while Australia plans to depart for Boston and New York midweek.
Fragmented text cites purported appeals by terrorists to Arabs to join the Palestine dispute. The garbled content mentions Jews and references within a cartel or internal chatter, lacking clear names or dates.
A cabinet decision reduced petrol rations in a move described as necessary for national needs. The minister for big industry, identified as Amator, announced the measure amid wartime constraints and coordination with collaborators.
A report notes the reveal of the father in the Siren Cue POU Wars, detailing the surprising lineage connection and its implications for the ongoing conflict. Key figures and organizations linked to the disclosure are identified.
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