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This newspaper page contains 33 articles. Subscribers can read the full text of each article.
Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Jan 30, 1931
Page
1
Secretary for War Hurley in Chicago tied European war debt reductions to parallel yearly cuts in military budgets. He proposed a gradual plan trimming total debt by 50 percent over thirty years, with annual reductions of 14 percent for ten years and 17 percent for the following two decades, contingent on disarmament steps.
Melbourne reports the Loan Council committee of experts met to draft a three year rehabilitation plan for Australia’s finances. Sir Hubert Gibson chaired the initial session with Commonwealth and state representatives including an assistant secretary present.
Washington reports a looming deficit as treasury officials including H J Shechwn and H A tt discuss plans. The group, with under-treasurers from Queensland and South Australia, plans daily sittings until a proposal is ready for early submission to premiers in Canberra next month.
In Sydney a financial tone notes London rate increases may push exchange rates up to 50 percent unless the Commonwealth and New South Wales governments intervene. The Overseas Shipping Association reports higher freight charges across cargo, excluding refrigerated cargo, effective tomorrow.
The Financial News says the Invest line in exchange is easing toward equilibrium. Recent rates in London and Australia align with steady positions. A report that Theodore is forming a committee to control the exchange was met with opposition, viewed as unnecessary.
A Financial Times correspondent warns that demand on the Australian exchange will ease supply and push rates higher unless outside exchange transactions are halted. He cites England’s wartime ban as a model and notes private dealings reportedly reach as high as 133.
The Postmaster General Lyons telegrams that Minister Fenton will resign on Tuesday and it is widely expected Anstey will also withdraw. Motives differ. Fenton and Lyons protest delays in rehabilitating Australia’s finances.
Mr Scullin defends his government tone saying he did not drop Mesers Fenton and Lyons from the cabinet. He accuses nationalist attackers of vile charges and explains both colleagues remain with their offices and portfolios.
The New South Wales Railway Commissioners plan to seek a 10 percent wage reduction under federal awards. Workers benefiting from the 44 hour week may be hit by the cut, with refunds due for the first fortnight’s pay and an added rationing tax to follow.
Chicago teeters toward another financial crunch as the city debates a 1931 budget of 276 million dollars. The Rescue Committee warns of a credit shortfall unless tax assessments shift, and municipal workers previously accepted a 15 percent salary cut. The Finance Committee questions how funds will be raised as underwritten tax anticipation certificates loom.
Well informed observers say the British Cabinet may reverse its Schneider Cup stance and back participation. Growing public sentiment and lack of formal financial commitment influence the likely shift. The Morning Post's political writer notes the Cabinet has reviewed the position amid pressure.
In Rydney the Legislative Assembly heard Thomas Henley ask Premier Lang if ministers and members would be paid with food order coupons instead of cash. The Premier ignored the question and said payments for food orders were being checked and would be made as accurately as possible.
Australian Gas and Light Company officials told the Royal Commission that gas demand should return to normal in about two years. Renewal of gas mains would cost £200,000, with one new retort at £160,000. Electricity remains a stronger competitor.
In Calcutta on Thursday armed bandits attacked the Ramkhaman area in Lahore district killing the money lender and his wife and injuring others. They looted jewelry valued in the hundreds, set hay around the house, poured kerosene, and burned the building.
A major blast in a coal mine near Linton Indiana on Wednesday killed more than a score of coal miners. The explosion involved 00 pounds of black powder and occurred in a pit now confirmed as deadly.
The next meeting of the Loan Council has no fixed date. The Commonwealth and State Premiers and Treasurers will convene in Canberra on February 6 to set arrangements for the council’s subsequent meeting.
The body of renowned dancer Anna Pavlova lies in the Russian Orthodox Church in London where a crowd gathers to view the coffin. Police manage the queue as mourners pay respects to the late artist.
The Cabinet has decided to permit RAF pilots and their machines to race. An aeronautical correspondent confirms planning a new engine and modifications to increase speed by 20 mph. Time is deemed sufficient to complete the programme. The Daily Herald notes the Government will allow Schneider Cup participation under monetary and disciplinary conditions.
The Admiralty, after a Court of Inquiry into the Lucia submarine depot ship incident, finds contentment conditions poor and fault lies with the captain and executives. Sentences reduced in some cases. officers to have appointments terminated and placed on half pay. Lucia to be paid for and recommissioned with a new crew and officers.
Mr Theodore left Sydney by the A N A plane for Melbourne this morning to be sworn in as Treasurer He will depart Melbourne tomorrow morning for Canberra to make a statement
The Capital Discount Company Ltd registers in Canberra with naming capital of £5,000 in 1 share. It will operate as underwriters and investors in the Federal Capital Territory with head office at Canberra.
Mir James Crerar said from April to July during the height of the civil disobedience movement six police were killed and 690 wounded while eight natives were killed and eighteen wounded. Two husbands—convicted or under trial—had offered apologies and were released by year end.
A Ganberre sub-branch of a local League chapter backed an unemployment relief tax on wages in the Federal Capital Territory. The motion, approved 14 to 12, urged the League not to replace industrial bodies in deciding compulsory 34 shillings in the pound contributions for returning soldiers.
Mr. Theodore, arriving from Sydney by plane, was sworn in at Macedon by the Governor-General Bir Tease Isaacs. He later dined with the Governor-General after the ceremony.
Darwin reports a quiet day after violent riots. Two constables injured are recovering and ten rioters appeared in local court and were remanded to February 11 for stronger charges. Rioters refused to plead as the bench was blasted. two rioters remain in hospital.
A Crimea era style note about Pro fear Ramin a leading deepenceys expert. Imprisoned with many professors, he is said to be moved from prison to Moscow to lecture twice weekly in a well equipped laboratory thirty miles away, living as a scientist with no freedom.oros
London report discusses The Meeting Post's leader on Mr. Theodore's reinstatement. The Queensland Attorney-General notes a two month delay allowed defendants to pursue a theft defense. The article says Mr. Theodore remains under a cloud and seeks to restore confidence in public finances.
In the House of Commons Mr J H Thomas said he had not received any advice that representations had been made by the Soviet to Canada with a view to using wheat price.
Two Foreign Commissariat staff members in Moscow were arrested in Berlin for allegedly passing information to Mr C Ketchum the Daily Kupreas correspondent. The move casts an unfavourable light on Runnin.
At a special Seamen's Union meeting the militant faction pressed for a general strike protesting the Federal basic wage reduction, but the chairman refused time to discuss the proposal.
A public meeting of Canberra natives and affiliated bodies decided to appoint a deputation to visit the Prime Minister with three demands. They seek a government declaration of Canberra policy, immediate transfer of more departments to Canberra, and a three year plan to complete the transfer.
New Manuka dwellings built by day labour draw high demand with many rental applications. The project cost about £15,000 to £19,000 including electric light and fittings, and provides 14 units across two blocks. Flats rent at 0/ or 27/ weekly while cottages at 42/6, each flat self contained with laundry and each cottage offering three bedrooms plus kitchen and living areas.
The proposed new Canberra to Goulburn highway via Collector and Lake George areas is anticipated to open next, reducing distance by about eight miles from Canberra to Goulburn. The route would be shorter than the current path through Queanbeyan and runs near the lake.
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