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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Dec 20, 1971
Page
1
Hotels filled across the city on the first wet Sunday as patrons flocked to waterside venues and hotel bars. A hotel spokesman reported brisk trade while licenses clubs claimed liquor sales held steady, with grocers noting strong sales of food and snacks amid the weather driven rush.
The New Delhi Reuters summary describes Bangladesh declaring independence from Pakistan, with Indian forces mobilizing to support. It notes mass recruitment by Mukti Bahini, large numbers of refugees, severed commerce, and widespread disruption in Dacca as West Pakistani forces surrender. Prime figures include General Tayikt Sing Antu and discussions of a new state formation and a Pakistan- India outcome.
Police interviewed a man in a serious case at The Cathewsy in Kingwin after a reported shooting. A hospital source said the victim was wounded with head injuries and remained in hospital in critical condition.
A fragmented item notes a haunting atmosphere and eerie echoes as shadows loom. The scribbled lines suggest a spooky mood tied to a location described in vague terms. The piece hints at mystery without naming people or precise events.
Cambodia's cabinet gave in principle approval to sending specialists for training in Australia. The plan, outlined by Khmer language agencies, involves about $410 in training costs and discussions on exact details between the two nations. Australia would also station some personnel in South Vietnam to help Cambodia's soldiers.
An A M year old man died in Canberra Hospital from injuries sustained in a car crash about miles from Yang yesterday. No further details were available as relatives had not been notified.
A Breathalyzer response led to 12 people being charged this weekend with blood alcohol content above the prescribed limit. Four arrests were made yesterday.
An ANAHEIM based firm disclosed that top secret plans for an atomic computer, designed to vastly outpace human brain capacity, were stolen from a confidential Cooper case. Dennis Ginther warned the leak could devastate military and economic interests if it falls into foreign hands, with production slated for 1977.
United States devalues the dollar by 7.9 percent and drops a 10 percent import surcharge in a broad currency realignment praised as the most significant monetary agreement in world history. The move with major effects includes gold price shifts and revaluations by other nations, with economists predicting job gains and improved US balance of payments.
The Australian cabinet faced a decision on the dollar after a Washington agreement on currency parity. Prime Minister McMahon, Deputy PM Anthony, and Treasury advisers held talks as Surplus and exchange rates were reviewed. Opposition and industry voices urged prudent action to avoid harming trade.
The president of the Australian Associated Stock Forecast says the market will surge if the dollar strengthens. Sir Cecil Loker warns the extent of revaluation will be known by the week. Victorian Farmers Union leader OB Leach says devaluation may be needed to preserve parity with the US dollar, or export and rural industries could suffer. The government faces hard choices amid rural hardship.
Fragmented OCR reads about Wool a failure and statements by Sir William Gunn wid about the Australian Wool Board chairmanship. Mentions Ireland violence deaths and an acquittal, plus cricket and yachting notes and page references.
New Zealand's Southern Alps claim another climber's life, the fourth death in a month. The victim, believed to be from the United Kingdom, remains unnamed awaiting identification.
The Group of Ten announced a revaluation of the Australian dollar relative to the American dollar, leaving gold parities for sterling and the franc unchanged. The AU dollar rose 1 percent against the Swiss franc and Italian lira, with mixed effects on export competitiveness and exchange-rate dynamics across member economies.
The Reserve Bank announced that dealings in foreign currency by Australian banks will be suspended at least for tomorrow. A spokesman said the halt was due to many major foreign exchange markets overseas being closed on the coming day.
An Australian Wheat Board member, A C Everett, warned that the 1967 decision not to devalue with Britain would raise export costs by about 18 percent. He said another eight percent drop could come if the government does not devalue, risking a deeper rural crisis.
Wellington authorities suspend all foreign exchange deals until the currency situation is clarified. Finance Minister Muldoon says special arrangements will allow limited NZD exchanges for overseas currency, with a parity decision expected after confidential talks with the Australian Government.
Sunday negotiations with European and African steel interests focus on plans for a $50 million industry project in Tasmania. Tower Research and Familion Teeny conduct the talks as part of the study and development effort.
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