Budget deficits and debt financing in the 1958 59 year
The report details shortfalls in Excise and income tax collections, offset by higher revenue from business undertakings and territories. It notes a total Consolidated Revenue Fund receipt of £1,287.9 million, defence spending near £189.39 million, and a larger borrowing program funded via Commonwealth bonds and Treasury Bills.
MENTIONED IN THIS ARTICLE
Holt
Commonwealth
Treasury
Snowy Mountains
National Welfare Fund
International Monetary Fund
Australia
Consolidated Revenue Fund
City Bachelor flats planned for Turner site in Canberra
The Minister announced a new block of bachelor flats near Lachlan Court in Barton, with a north of city site at Turner. The National Capital Development Commission will arrange three storey blocks totaling 106 units to house up to 450 workers, including a tenant restaurant and services, to be built by George Wimpey and Co. Ltd. The project, part of City Hill development, will cost about £271,467 and take around 12 months to complete.
MENTIONED IN THIS ARTICLE
Bachelor
Lachlan Court
Barton
Ich
City
Turner
City Square
National Capital Depment Commission
V Hill
Freeth
Canberra
City Hill
National Capital Development Commission
Northbourne Avenue
Department of Works
News Court
George Wimpey and Co. L A
Heelela
Keys of Lachlan Court handed to Minister at opening
The Minister for the Interior Mr Freeth received the keys of Lachlan Court from the United Kingdom High Commissioner Lord Carrington at the official opening yesterday. National Capital Development Commissioner Mr Overall stood nearby as Lord Carrington presented the keys on behalf of contractors George Wimpey and Co. Ltd.
MENTIONED IN THIS ARTICLE
Freeth
Lachlan Court
United Kingdom
Lord Carrington
National Capital Development
Overall
George Wimpey and Co. Ltd
Indonesia's Soekarno consolidates power in new cabinet
Soekarno begins selecting a cabinet to steer Indonesia from a political and economic morass after abolishing the 1950 constitution and reinstating the 1943 charter. The army plans to seek seven cabinet posts as it backs the president in a decisive restructuring labeled ruthless but necessary. The country is told to fly flags for 10 days in celebration of the decree.
MENTIONED IN THIS ARTICLE
Djakarta
Soeo
Indonesia
Constituent Assembly
Djuanda
Independent Times of Indonesia
Soekarnono
Achmed Jani
Sumatra
Celebes
Steelworkers Decide To Resume Work Amid Industrial Action
Mass meeting sides with direct negotiation calls while BHP relays to wait for announcements. Union officials cite ACTU plan for a sixpence raise as key condition and threaten continued disruption without talks. FLA and transport unions impose bans as about 100 workers are stood down across Newcastle and Rylands mills.
MENTIONED IN THIS ARTICLE
A.C.T.U
FLA
B.H.P
Stewarts and
Lloyds
Rylands
F.la
L. Short
Newcastle
Fine imposed on Montserrat ship skipper in Fremantle court
Fremantle Court fined Captain Raphaele Jaume £500 plus costs after pleading guilty to failing to maintain lifesaving equipment on the Spanish migrant liner Montserrat. Only three of 22 lifeboats were satisfactory and six rafts unserviceable. The ship carried 869 migrants, with many later moved to eastern States.
MENTIONED IN THIS ARTICLE
Perth
Montserrat
Fremantle
Raphaele Jaume
P. R. Connaughton
N. M. Graham
Jaume
Spain
Australia
Russians Claim Return From Space Proved Feasible
Official Tass and Moscow Radio reported last night that animals sent into space returned safely, proving the feasibility of a safe earth return. The payload carried instruments to study the solar spectrum and atmospheric gases, and named dogs Courageous and Snowy along with an unnamed rabbit.
MENTIONED IN THIS ARTICLE
Tass
Moscow
Space
Earth
Cosmic
Fli
Also Mentioned on This Page
Central Bank
T City
Lachlan
Federated Ironworkers’ Association
N.S.W
Industrial Commission
Justice de Baun
Reuter
Moscow Radio
Does
Russia
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