31 Aug 1956
Page 1
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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Aug 31, 1956
Page
1
The government plans a 1956/57 surplus of £108.7 million while offering only minor indirect tax cuts and limited aid to pensioners. It raises postal, telephone, telex charges and increases social charges. Treasurer Arthur Fadden outlines measures to balance development, inflation control, and stabilizing prosperity amid rising costs.
Sydney wool sales closed the week with prices fully firm at improved highs. Competition was keen with the Continent and the United Kingdom as chief buyers. Japan showed increased interest, but local activity remained limited.
About 6.5 million telephone inquiries were made to Post Office score centres seeking England Australia series results. The service proved popular among the public during the series.
The government expanded deductions for life insurance premiums and education costs to 300 and 100 pounds respectively, raised zone allowances, and broadened gifts to organizations. It kept general tax reductions off the table, citing fiscal constraints and a need to avoid boosting demand.
French troops arrived by air at Ferruch near Algiers and were flown to Cyprus to protect interests amid the Suez Canal crisis. Reports from New York described plans for Arab U S joint economic ventures to ease tensions, with no immediate effect on the canal seizure.
Budget highlights show higher allowances for invalid and widowed pensioners with dependents, increased education allowances, and minor tax concessions. Postal charges rise to 5.5 million pounds while defence spending remains at 190 million. Migration intake dips slightly with no war service home allocation change.
The Department of Railways announced over 30 train services on the Southern Western and Northern lines will be discontinued starting Sunday September 16. Changes affect Canberra Queanbeyan Cooma Sydney mail services with several runs cut on specific days including Thursday and Wednesday.
Early morning chase as a burglar smashed a shop door at Ken Cook’s mercery. He fled toward London Circuit after setting off a fire alarm. Mr. Johnston pursued but was outdistanced. police and a fireman arrived. the thief, described as about 35 and well dressed, escaped.
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