Banks Move Into Consumer Credit Across Australia
The Bank of New South Wales leads a trend as Australian banks deepen consumer credit operations. Banks earn higher returns from consumer credit than orthodox lending, with the Bank holding 40 percent of Australian Guarantee Corporation for over £4 million, boosting its after tax yield. Critics warn of credit stringency, risk to government lending, and rising market rates. Calls grow for joint State action to cap effective consumer credit rates at 8 percent to curb abuses and preserve financial stability.
MENTIONED IN THIS ARTICLE
Commonwealth
Nui
Bank of New South Wales
Grey
Australian Guarantee Corporation
Corporation
Australia
Bitte
Consumer Credit
Treasury
Iis
Delays Hit Canberra Census By Late Postal Returns
Canberra census processes face delays as late postal returns stall the tally. Acting Commonwealth Statistician B R Carver notes several returns outstanding after weekend canvassing. Officers urge residents to send back forms promptly to finish the count and speed up dispatch to the Canberra operation.
MENTIONED IN THIS ARTICLE
Canberra
Common Wealth Statistician
B. R. Carver
Preliain
Berre
Premiers to Discuss U N Charter Reform
London reports that Commonwealth leaders meet to review United Nations Charter reforms. Australian Prime Minister Menzies is expected to push for UN reform measures and One World initiatives while Rhodesia and Nyasaland remain outside independence. Several Commonwealth nations condemn Hungary Soviet actions as the conference opens with a single plenary session.
MENTIONED IN THIS ARTICLE
London
A.A
Reuters
U.N
Sallonaook
Stee
Hun
Menzies
MD Mieung
London Letter on Labour Party Publicity and Leadership
Derek Moon analyses how Labour policy leaks fuel public debate and party infighting. He notesBevanite and Bevan era figures like Hartley Shawcross and Tom Driberg shaping future leadership while internal warnings about overreach provoke mixed reactions within the Labour movement.
MENTIONED IN THIS ARTICLE
Gultakel
Labour Party
Abusive Risk From Foot Vision X Ray Machines
Letters to the editor discuss potential abuse of Fourginion X ray devices in shoe stores and the need for safeguards. Dr. Stewart and others caution on radiation exposure, urging controls and central switches, with anecdotes from Canberra and Sunbury about fitting practices and pet dog cruelty notices.
MENTIONED IN THIS ARTICLE
Wise
Anderson Stewart
Australia
Footvision
Lange
Brinkley
Tong Ag
Dana
Wienholt
Mbod
Canberra
Action
Ordinances On Cruelty and Public Welfare Notice
A 19th century letter praises the Ammian and Birds Protection Ordinance and urges householders to read the department standbook. It warns against cruelty to birds and animals, emphasizing humane treatment and prohibition of nail or constraining practices. The document calls for broader distribution of humane guidelines.
MENTIONED IN THIS ARTICLE
Arsae
SCA
Cmumnon Siumes
B.P.C
Howe
Transfer Of The Fire Brigade
Canberra residents question a ministerial move to place the local fire brigade under New South Wales Fire Board authority. The letter argues the transfer favors state control over Commonwealth, defends Canberra crews, and suggests a permanent fire chief and local development instead of cross-border administration. DONNELLY.
MENTIONED IN THIS ARTICLE
Fairhall
Canberra
New South Wales Fire Board
Commonwealth
New South Wales
Queanbeyan
Transfora
Monte
Percy
Dougisa
Jane
Hhe
O'Connor
Em Donnelly
Resignations Over Negro Pastor in Los Angeles Church
All 43 active members of a Methodist church resign in protest over appointing a Negro pastor Rev. M Burlin Higgins 35. He will preach next Sunday as board president J H Seal says the walkout stemmed from lack of consultation on the transfer and appointment and asserts the congregation is not anti Negro but wants to keep a white church.
MENTIONED IN THIS ARTICLE
Los Angeles
Tuemla
P.reuter
M. Burlin Higgins
Board of Trustees
J. H. Seal
App
Struther
Budget Surplus Prompts Tax Relief Talk by Manufacturers
The director of the Associated Chamber of Manufacturers of Australia said a Treasury surplus above estimates could justify tax relief. He cited payroll tax relief, depreciation incentives for plants and machinery, and lower overall taxation as timely measures, with industry urging swift reductions.
MENTIONED IN THIS ARTICLE
Budet Sunplex
Yellet
Associated Chamber of Manufarctures
Avtrelin
Yeaterday
Renana
Withall
Also Mentioned on This Page
Derek Moon
Labour
Critien
Sabrina
Bir Hartley Shaweroay
Richard Stolen
Labour Movement
Gaitskell
Hartley
House of Common
Westminster
Nice
Havng Ne
Helene
Lanveashire
Neers
Bir Hartley
Tolnda
Tom Driberg
Latour Party
Charman
Ax Ec
Union
Mr. Deiberg
M.P
Por
Profesar Haref Laski
IRB
Bir Wision
Churchill
Igainet
Laski
Driberg
Maid of Labour
Labi Party
Bevanite
Repute
Sessors
Sociallata
W. A. Johnston
Sunborta
Channon
C.A
J. 1. Geddes
SPCA
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