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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Dec 01, 1955
Page
5
A. Amialt of Murrumbateman, behind Avondale, bred the high quality winner in the annual lamb competition. The Avondale property, owned by Mr. Blankey Bush, has developed the stock and now carries two breeding ewes per acre in its fine district.
The National Bank of Australia chair, Mr HD, urged stronger export expansion at the annual meet, arguing that reducing import reliance and boosting production capacity are essential to match development rates. He warned current policies lag behind real growth needs.
The Nationalist China delegation warned it would veto Outer Mongolia joining the United Nations. The move jeopardizes a regional agreement backed by the United States and Western powers. Chinese officials warned of a swift response if Mongolia gains entry. The threat came amid broader U N deliberations on new members.
Deposits increased by 8.2 percent for the year ended October with total savings of £1,080,901,000 and a monthly rise of £9,147,000. Average operative savings bank account stood at £158 10s. Acting Commonwealth Statistician Mr Carver released the figures yesterday.
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