McEwen revives plan for bank in overseas capital drive
The Country Party leader revived a plan for a government offshore financing body to raise overseas capital to keep Australian firms' equity in large development projects. The move rekindles competition with McMahon's bank idea, and aims to mobilise capital within Australia for similar aims. A separate incident saw a stolen car crash into a Griffith house after a police chase ending near Bell Street and Walker Crescent.
MENTIONED IN THIS ARTICLE
Country Party
McEwen
Stolen car crashes into home in Narrabundah incident
A stolen Hollen station sedan, owned by Mr F Weeks of Sprent Street, Narrabundah, was driven into a lounge near front steps after a high speed escape from Astrolabe Street Red Hill. Residents heard tyres squeal. the driver fled on foot before Sergeant Carveth could pursue.
MENTIONED IN THIS ARTICLE
Carveth
Hollen Station
F. Weeks
Sprent Street
Narrabundah
Astrolabe Street
Red Hill
McEwen Reconsiders Country Party Finance Plan
Federal council of the Australian Country Party announced a unanimous decision to press for an overseas capital raising authority. The plan aims to attract loan capital for development projects while preserving Australian equity, with possible rights to convert part of loans into share capital. The move follows past tensions over leadership and policy between McEwen and McMahon, and reflects renewed emphasis on retaining Australian ownership.
MENTIONED IN THIS ARTICLE
Country Party
John McEwen
Barton
McEwen
Victoria
Aead
Harold Hall
McMahon
Federal Council
Web. Bows
American Chamber of Commerce
Federal Council of the
Australian Country Party Today
Australia
Lloyd
No Confidence Signals Rift Over Overseas Investment
The Victorian Country Party leader Bruce Lloyd argues for overseas funds to kickstart major Australian projects while warning against unnecessary foreign ownership. The council backs promoting foreign capital, shaping a political split with Prime Minister Garton and coalition allies and signaling a potential crisis of unity.
MENTIONED IN THIS ARTICLE
Bruce Lloyd
Victorian Country Party
Australia
Country Party
McMahon
McEwen
Sis
McFiven
Garton
Astronomical Observatory to Be Launched Tomorrow
A new orbital observatory designed for space study is to be launched here early tomorrow. It features one telescope and is described as the heaviest and most automated craft sent into space by the United States.
MENTIONED IN THIS ARTICLE
Cape Rensedy
LaAtikealen
Third day buoyant bids drive high premiums in Canberra lease sales
Strong bidding continued as 32 restricted leases in Woden Valley Farrer averaged 896 with premiums from 400 to 1550 and a top unrestricted lease at 4000 fronting Russell Crescent Cook. Unrestricted sales totaled 9 in Scullin and Page and 15 in Cook with premiums from 2300 to 2800 in Scullin and 2478 in Page.
MENTIONED IN THIS ARTICLE
Russell Grescent
Cook
Woden Valley
Farrer
Scullin
Page
Pape Avers
Aranda
Torrens
Pearce
Sunny Weekend Forecast and Nature Reserve Closures
The weekend will be mostly sunny and mild with light winds shifting northwest in the afternoon and a high near 7 degrees. Tomorrow should bring drier and warmer conditions with light winds, while fire danger remains low to moderate. NSW National Parks closes Nadgee, Cudmirrah, and Barron Grounds reserves due to extreme bushfire conditions on the South Coast.
MENTIONED IN THIS ARTICLE
NSW National Parks and Wildlife Service
Nadgee
Cudmirrah
Nowra
Barron Grounds
Kiama
Shire mulls allowing semi rural blocks near ACT
Yarrawlumla Shire Council weighs relaxing limits on five to ten acre subdivisions near the ACT border. A planning report outlines possible areas north of the ACT and near Sutton Tand and Bungendore. Interim orders allow five acre blocks. discussions foresee more smaller holdings within defined zones.
MENTIONED IN THIS ARTICLE
Yarrowlumla
Act
Sutton
Tand
Bungendore
Mosse Vale-Bowral
Fitt
Nsw
Sydney
Ing
Queanbeyan Oral
Eamne
Arto
Into Planning Authority
J. Reardon
Ky warns against weakness in Paris peace talks
Saigon Vice President Ky warned there is no reason to let Communists gain through negotiation due to a moment of weakness. He said Saigon’s delegation would seek reasonableness and equality, call for national unity, and resist any saboteurs as Paris peace talks begin with rapid progress on procedural blocks.
MENTIONED IN THIS ARTICLE
Saigon
South Vietnam
Paris
Pres ‘Thien
Phi
Oilfield Estimates Cut by Esso BHP Partnership
The Esso BHP partnership defers crude shipments from March to August 1969 and sharply lowers Barracouta and Marlin field production estimates. Barracouta drops to about 4 000 to 6 000 barrels daily, around 5 000 on a tentative figure, while Marlin falls from 10 000 to below 1 000 and possibly 600 barrels daily. Halibut and Kingfish projections stay at 100 000 and 170 000 barrels respectively.
MENTIONED IN THIS ARTICLE
Melbourne
Esso-Bhp
Barracouta
Marlin
Big oil fields lift Long Island Point shipments to 1970
Production estimates for Kingfish and Halibut show 280 000 barrels daily from Long Island Point toward late 1970. Initial crude from Bar Facouta Marlin fields shifts to August 1969. Barracoa t Marlin reserves cited at 20 million barrels. new Marlin find deepens outlook with storage plans at Long Island Point. Shares drop as exploration advances.
MENTIONED IN THIS ARTICLE
Kingfish
Long Island Point
Exto-Bhp
Bar Facouta
Barron Cou
BHP
Public servant pay rises amid denial of allowances
Report notes public servant payments will increase by about 20 percent while denying graveling and yances. A separate item cites two Victorian doctors warning that 14 children beaten by parents may become spastic or retarded for life. Also a brief on Esso Esco men racing to touch the Soria with equipment.
Canberra’s Unequal Youth Dropout Meeting Place
Peter Schuless talks with the men setting up a meeting place for many educated youths facing charges. MPs debate sites for the new Pasian House, recalling almost 60 years of Australia’s past conflicts. Mary Drew finds archive material related to the Nine Years’ War to tie the ending bloc.
MENTIONED IN THIS ARTICLE
Canberra
Une Elucables
Peter Schuless
Pasian House
Australia
Mary Drew
Trade policy remarks spark Australia Nixon administration concerns
The Treasurer Mr McMahon said Australia would raise strong terms with the Nixon Administration over American trade policies as reported yesterday. The piece appears in the finance and pages sections with related items on courts book reviews TV and church topics.
MENTIONED IN THIS ARTICLE
Mc‘Mahon
Shares Drop in London as BHP Esso Statement Hits Markets
London and Melbourne trading closed with BHP shares tumbling after a BHP Esso statement. Two Bass Strait oilfield production estimates weighed on the Australian market, pushing BHP down to £350 in Melbourne and £400 in Sydney by day's end.
MENTIONED IN THIS ARTICLE
London
BHP
London Stock
Bhp-Esso
Melbourne
Bass Strait
Sydney
Couple Killed As Car Hits Truck On Hume Highway
A Canberra couple Allan Ernest Johnstone and Joyce Lillian Johnstone died when their car collided with a truck on the Hume Highway about a mile south of Marulan, near Goulburn. A second crash near Newcastle killed a female passenger, and another accident at Catherine Hill Bay crushed a woman under a 16 ton coal truck. NSW road deaths this year exceed 1,100.
MENTIONED IN THIS ARTICLE
Sydney
Canberra
Hume Highway
Marulan
Goulburn
Allan
Ernest Johnstone
Joyce
Lillian Johnstone
Newcastle
Catherine Hill Bay
Nsw
Irianese to Tour Papua New Guinea
A West Irian delegation led by Brigadier General Sarwo ed kamar will tour Papua New Guinea for five days starting Monday. The group will visit Port Moresby Lae Goroka and Wewak to study economic and social conditions at the invitation of Australia. AAP report notes Indonesian military actions against Papuan guerrillas risk a broader conflict.
MENTIONED IN THIS ARTICLE
West Irian
Adby the Miliary
Mander
New York
AAP
Bernartus
Tanggahma
The
Freedom Committee of
Western Papua
Associated
Tanggahina
Indonesia
New Guinea
Also Mentioned on This Page
Jonathan Gaul
Political
McEwen Bank
McMahon Bank
McFrvent
Ec McMahon
Mcconnell
Can
Terta Tie
Trea Uret
Australian Resources Development Bank
Griffith
T. H. Carveth
Bell Street
Walker Crescent
G. Leishman Cright
C. Kent
House of Representatives
Mips
Eliance
Bieger
Tuna
Detectronic
Halibu
Eres
Esso Esco
Martin
Irianese
Png
Papua New Guinea
Vosial
GPO
Post
Lafayette
Rubin
SEC
Lafyene
Elvesa
Ans Petrie Street
CIV
Ceri
Anberra City
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