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This newspaper page contains 8 articles. Subscribers can read the full text of each article.
Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Jan 14, 1977
Page
2
Post devaluation Australia saw a large private foreign capital inflow with estimates of $600 million entering the economy in the following four weeks. The Reserve Bank commentary noted modest demand in the economy, a tight public sector pace, and easing export demand amid ongoing debt management and reserve movements.
Tokyo based Mitsui Engineering and Shipbuilding Co launched 28 ships, rotating 1,781,072 tons, across three sites yesterday. Of the ships, 27 were built for export, with the remainder for domestic use.
The Opposition spokesman on Treasury, Burford, blasted Fraser Government mismanagement as evidence of ineptitude. He cited private capital inflow and profits from devaluation as rewards for speculation, urging firm leadership and a new economic strategy to halt the economy's drift into disorder.
The article describes a broadening CPI scope and potential expansion of the Parca of Syavisie. It notes ongoing debates over policy change, future transport plans, and possible consequences for health, banking, and consumer measures amid unclear decisions.
The value of housing loans and trading bars increased by 2392 million in November, as reported by the Bureau of Statistics. The figure shows a 475000 higher level than October and a 303 trillion higher total for November 9th 1975.
An economist from the Bank of New South Wales told an audience at the Western Australian summer school that current policies would take until mid year to show recovery effects. He warned that devaluation and economic dislocations would still bite and that stimulus measures aimed at boosting investment and consumer demand had yielded limited attribution. The speaker added that arbitration commission and jurisdiction issues would not hasten or hinder the recovery.
Tasman based Australian Newsprint Mills aims to expand output with a new pulp mill and a laminating operation in New South Wales. The move would make ANM the largest newsprint supplier in Australia and bring the country closer to self sufficiency, boosting current market share around 40 percent. Spokesman DW Frankcombe outlined plans at Hobart during the inquiry into Private Forestry Development in Tasmania. The firm is near certain to proceed with establishing a newsprint mill in NSW, likely at Tur.
A dense OCR readout lists numerous figures and terms across entities such as shares, oil, mining, and multiple coded items. It reads like a chaotic stock/commodity ledger with prices, dates, and random names, offering little coherent event or narrative. No clear person, place, or organization stands out beyond scattered proper nouns and codes.
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