Reserve Bank lifts liquidity to UK banks in Australia
Deputy Governor J C Phillips announced a policy shift to widen the trading banks loan funds. The reserve deposit ratio rises from March 4 as part of a broader effort to boost liquidity amid high export income and strong capital inflows. About £20 million will be added to term loan funds, one third from banks and two thirds via transfers from reserves in 1964. R J Abercrombie of the Australian Bankers Association said banks are disappointed by prior calls but welcome the new fund addition.
MENTIONED IN THIS ARTICLE
Reserve Bank
J. C. Phillips
Australia
Tyne
Australian Bankers’ Association
R. J. Abercrombie
Abbercrombe
R N Chief To Visit Australia
Britain's First Sea Lord Admiral Sir David Lugs leaves London to oversee ships and establishments for New Zealand and Australian navies. He will represent Britain in service discussions in Singapore and Canberra.
MENTIONED IN THIS ARTICLE
London
Reuter
Britain
Naval Star
David Lugs
Teft
New Zealand
Admiralty
Singapore
Canberra
Woman dies after home brew party in Cairns
A 41 year old woman died and six others were hospitalised after drinking home made brew at a Cairns party. Police say all party attendees were New Australians from Germany and crafted their own alcohol. The deceased is identified as Mrs Eve H. Josephine Erntner.
MENTIONED IN THIS ARTICLE
Cairns
Germany
Eve H. Josephine Erntner
Union Resolves Dispute Over Clerks Holiday
The Federated Clerks Union NSW branch secretary P O Toole ruled that bank and insurance clerks are not covered by the Trades and Labour Council picnic day holiday. Banks and insurance offices will remain open and other services list Monday arrangements including post offices open, doctors available, and garbage collection proceeding as usual.
MENTIONED IN THIS ARTICLE
Trades and Labour Council
N.S.W
Federated Clerks’ Union
P. O'Toole
Canberra
T. Millett
Clerks’ Union
A.C.T. Employers’ Federation
R. D. Cowden
A.C.T
NORMA
Britain Weighs Cyprus Pullout as Crisis Deepens
Britain signaled possible withdrawal of peacekeeping troops in Cyprus if other steps fail to quell the crisis. Sir Patrick Dean said London could join an international force if properly constituted, urging the UN to move quickly toward an agreed solution amid rising tensions. Turkish forces conducted a large scale drill near Iskenderun, while the Turkish Cypriot vice president protested Makarios moves to 5000 security personnel, calling it a constitutional violation and warning of danger to Turks.
MENTIONED IN THIS ARTICLE
New York
P.reuter
Britain
Cyprus
Patrick Dean
Shelholding
United Press
Ae Dian Pitas Ea
United Nations
Mediterranean
Makarios
Council
Nicosia
Wice
Fadil Kutchuk
United Nations’ Security Council
Kutchuk
Paris
de Gaulle
C E S Meter Readers Dismissed Following Bill Complaints
Canberra Electric Supply dismissed at least two meter readers after complaints from households about high bills for the last quarter. A. Jones, chairman of the Canberra Electricity Authority, said corrective measures were taken and letters of apology issued to some complainants. He noted misreads do not cause a loss, adding future bills would reflect corrected readings.
MENTIONED IN THIS ARTICLE
Canberra
Jones
Lake Burley Griffin Water Level Drops Slightly
A spokesman for the National Capital Development Commission said Lake Burley Griffin fell by about 1.2 inches in the past week due to dry weather and runoff. Last week’s level was 1813.60 feet, yesterday’s 1813.50 feet, with inflow about 13.5 cubic feet per second versus 14.5 previously.
Canberra subsidy plan questioned by housing officials
Executives of Canberra co operative societies and the ACT manager of a national home builder appealed for clarity as the government reviews the 250 pound home subsidy. The housing minister said no decision yet and noted the PMs statement that state built homes are excluded. He stressed no allocation discrimination between the ACT and other states.
MENTIONED IN THIS ARTICLE
Canberra
New Housing Department
Department of Housing
A.C.T
G. Paulus
Lend Lease Homes
Parts of Mallach body found in Melbourne area
Police identified the body as Mallach of Elm Grove Richmond after a caller read of the investigations. Det. Inspector J. Matthews said a murder probe would begin. The head was found at Edinburgh Gardens near North Fitzroy with missing leg and right forearm. A bloodstained couch and rag were found, and plumbing examined. Mallach, a married man with three children, had come from Hungary seven years ago.
MENTIONED IN THIS ARTICLE
Melbourne
Re Mallach
Elm Grove
Richmond
Det
J. Matthews
Edinburgh Gardens
Alfred Crescent
North Fitzroy
Gore Street
Mallach
Matthews
Australia
Sungary
Also Mentioned on This Page
Bana
R.N
Long Binh
Mekong Delta
Vietnam
Istanbul
Iskenderun
Turkey
Ismail Sarikey
Iskerendun
Associated Press of America
C.E.S
Lake Burley Griffin Falls
Department of Interior
War Service
Co-Operative Building Society
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