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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Aug 22, 1963
Page
6
The Reserve Bank of Australia reports 1962 63 conditions show ongoing recovery with higher employment and industrial output but unemployment remains too high. It urges improving workforce quality, cautions on liquidity and price stability, and notes easing interest rates aiding housing and expenditure.
Chinese Foreign Ministry charged that Russia fully backs India in border dispute claims while noting India and Western powers abuse the issue. Moscow countered China’s stance by accusing Beijing of aligning with aggressive imperialist forces and opposing the Moscow partial nuclear test ban treaty.
Moscow reports say Pravda urges peaceful coexistence as key to colonial freedom with 50 nations gaining independence since World War II. China criticized for war mongering while Beijing and Moscow clash over strategy in the divided Communist world.
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