07 Feb 1962
Page 1
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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Feb 07, 1962
Page
1
Ambiguous fragmentary OCR note mentions a stride and ride terms with unclear context and names, yielding minimal distinct entities. The readable text provides no clear event place date or participants to form a coherent news item.
The government announced short term measures to boost the economy. A 1 shilling per pound rate cut in personal income tax and a 73 percent cut in the Welsh tax are planned, alongside increased unemployment benefits. States receive a £10 million grant to cut unemployment, larger war service home loans up to £3,500, and a £5 million housing loan for states. Substantial borrowing by semi government and local authorities is also planned.
The government plans tax cuts and spending boosts totaling about £190 million over four to five months to revive demand. Measures include a 1d tax cut in March, faster tax deductions, lower car sales tax, and support for long term lending, with emphasis on private enterprise and national resource development. Unemployment remains a key worry as figures for January are awaited, and officials stress ongoing consultation with industry to speed recovery.
Industry leaders praise government plans as realistic and sensible. Mr Walker of the Associated Chambers of Manufactures sees close industry cabinet coordination as a sign of prosperity while urging practical steps like investment allowances and restrictions to boost employment and living standards. The response from unions is mixed, noting gaps in social protections and immediate job creation measures.
The government outlines short term steps including income tax reductions, vehicle tax cuts, and increased war service housing loans. It plans a £10 million employment grant to states, higher unemployment benefits, and more lending through Commonwealth banks. Long term policy includes 20 percent tax investment allowance and £8 million for primary and secondary industry, with reviews of tariff policy and selective temporary restrictions.
The French president urged end to seven years of Algeria violence and condemned the Secret Army Organisation, promising harsher measures if needed. Paris and Algiers faced mass security preparations as riots persisted, with thousands of troops on alert and reports of kidnappings and planned coups circulating through Paris police.
Witches as a comrade insets the Jugcnpe compartment of a pri vate car after slapping the vehicle for a spot check in Paris, last Thursday. The CRS patrols search Paris streets as from dusk every event ing checking on cars and late night pedes trians.
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