ACT budget cut sought and rate changes debated
The ACT Advisory Council urged a seven hundred thousand dollar budget pruning funded by ratepayers while rejecting Bryant's proposed water and sewer rate hikes. It recommended smaller overall rate increases, kept residential and commercial rate changes minimal, and suggested fee increases to cover service costs. The council's plan would lower the general rate to about 1.2718 cents per dollar from Bryant's 1.3387 cents, with several service fees adjusted accordingly.
MENTIONED IN THIS ARTICLE
ACT Advisory Council
Capital Territory
Bryant
Mr Bryant
Canberra
Opening of the 29th Parliament in Canberra
The red carpet and plants line Kings Hall for Governor-General Sir Paul Hasluck’s opening of Parliament at about 3pm today. Sir John Kerr arrives tomorrow to take office. The Senate and House meet at 10,304m with swearing in of members and selection of Speaker and President of the Senate. A farewell for Sir Paul and Lady Hasluck follows, with ceremonies at Parliament House and Fairbairn Base, and Sir John to be sworn in at 11:30am Thursday in the Senate Chamber.
MENTIONED IN THIS ARTICLE
House of Representatives
Grahame Horsfield
Senate
Guy Smith
Kings Hall
Parliament House
Paul Hasluck
Sir Paul
Sir John Kerr
Canberra
Lady Haslek
Fairbairn Raaf Base
Paul
Lady Hasluck
John
High Court
Edward McTiernan
Rise in Official Rates Deepens Credit Squeeze
The Federal Government confirmed a continuing credit squeeze with major increases across administered interest rates. Bank overdraft charges rise to 11.5 percent under 50.0 million, housing loans up to 11.5 percent, and short and long term bonds lift to 2.9 percent above February levels and 1 percent above February respectively. Treasurer Crean announced a July Commonwealth Join as part of the tightened policy, following a record bond issue of 508.7 million.
Reserve Bank to Expand Term and Farm Loan Funds
The Reserve Bank announced extra funds for term and farm development through trading banks. Term-loan finance for industry and commerce rises by 72.6 million dollars and farm development by 436.3 million, funded two thirds from trading banks' deposits and one third from other banks' RSALS. Rates on fixed deposits may increase, with term deposits adjusting to 3 to 6 months, 12 months, 24 months, and up to 48 months. Savings banks face no broad repayment changes. The move aims to ease the money squeeze after a sharp loan slump and stabilise liquidity. further details follow on Page 3.
MENTIONED IN THIS ARTICLE
Reserve Bank
RSALS
Reserve Furth
John Phillips
Sisings
John
Judy
Negev Muitineey
Sudday
ACT moves to elect full legislature and study medical school
Federal Cabinet approved elections in the Australian Capital Territory for a fully elected assembly to replace the ACL Advisory Council. A feasibility study for a medical school at the Australian National University was also approved, though earlier opposition urged delaying decisions until health reforms and community centres effects are clearer.
MENTIONED IN THIS ARTICLE
Legislative Assembly
Act
Australian National University
ACL Advisory Council
Wit Tade
Whitlam
Hiyant
Emerhy
Canberra
ANE
Peter Karmel
NEAT set to aid jobless after Cabinet meet
After the Cabinet meeting the Minister for Labor and Immigration Mr Cameron said his recommendations for a comprehensive national employment and training system NEAT had been accepted. NEAT would help more than 15 000 people in the current year and address labour shortages, improve job security, and support regional development and wage restructuring as economies change. The plan prioritises those affected by tariff reductions and would expand to others with technological changes and scarce opportunities, with training provided in various forms and liaison with Manufacturing Industry and Urban and Regional Development.
MENTIONED IN THIS ARTICLE
Cameron
NEAT
Environment and Conservation
Cass
Endeerby
Hayden
Late News Test Items From Airtime Briefing
Fragmentary notes describe weather, travel delays, and a forecasted sequence of events for a single day. Mentions military figures and regional timing, with references that suggest a developing news wire brief rather than a full report.
France and Australia clash over Pacific nuclear tests
Australian Prime Minister Whitlam said Canberra believed France detonated another nuclear device in the Pacific. He noted past protests and said Australia had not yet sought further action, while New Zealand Prime Minister Kirk claimed belief of a test at Mururoa. Paris spokesmen would not confirm.
MENTIONED IN THIS ARTICLE
Pacific
Whitlam
Hepeaac of Foreign Affairs
Australia
France
Murphy
South Pacific
Wellington
Aap-Reuter
New Zealand
Kirk
Mururoa
Former Immigration Minister Ciassby Named Special Consultant
The former Minister for Immigration Ciass by will be paid 24000 dollars annually plus a 12 dollar allowance and travel pay in his new role as a government consultant on community relations. Grassby, who previously held the ministerial post, earned more than 30000 dollars annually including allowances.
MENTIONED IN THIS ARTICLE
Ciassby
Grassby
Japanese upper house election tally rises for LDP
Opposition parties steadily gain as ballot counting continues in Japan's Upper House election. The Liberal Democratic Party led with 57 of 115 announced seats by 1.30pm, while the Japan Socialist Party held 28, Komeito 12, and the Japan Communist Party eight. The Democratic Socialist and Independent groupings held several seats with 30 more still to be determined.
MENTIONED IN THIS ARTICLE
Tokyo
Monchy
AAP Renter
Liberal - Democraic
Japan
LDP
Japan Socialist Party
Komeity
Japan Communist Party
Ist’ Democcratic
Ome Kindred
House of Councillors
Blue Poles Painting Seeks Canberra Space For 1970s Display
The $1.3 million Blue Poles, now in Brisbane, may travel to Melbourne and South Australia before Canberra. A suitable exhibition area with secure climate control and a bare wall 3.5 by 2.2 metres is required. If none is found it will be stored. no touring venue is planned.
MENTIONED IN THIS ARTICLE
Canberra
Brisbane
Melbourne
South Australa
National Gallery
Also Mentioned on This Page
By Bruce Wright
Jim Pead
Ind
Bryants
Dalgarno
Pead
Department of the Capital Territory
Public Finance
Lawrence
Mr Crean
Join
Crean
Treasury
By AY Pap Oson
Advisory Council
Isi
India
International Court of Justice
Paris
Levennon
Frank Cranston
North
Alan Watt
David Solomon
Warwick Bracken
Googong Dam
Googong
Queanbeyan
Sydney
Trish
Haw
IRA
Mid-East
Israel
Lebanon
P.N.G
Papua New Guineas
Somare
Enentey
Pape
Harold Souter
Toose
Canberra Consumers Incorporated
ACT MI Authority
West Germany
Holland
Munich Olympic Stadium
U.K. Open
Brace
Royal Lytham and
St Anne's
Lancashire
Mack Page
Wheels Talking Point Entertainment
Othee World New Courts Finance
Snort Comics
GES
Selby
David Jones
Federal Capital
Ping Street
Pu Jahers
Federal Ca
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