Value Of Gold Shares Tumble
London stock traders saw gold shares drop sharply after President Kennedy pledged not to devalue the dollar. Prices fell as much as 7 1/2 pence, with speculation driving rapid selling in early trading and millions erased from the value of leading mines. The dollar firmed against major currencies amid ongoing concerns over American gold flows.
MENTIONED IN THIS ARTICLE
London
A.A.P
Reuter
London Stock Exchange
Kennedy
Stock Exchange
Kennedy cites nondevaluation as best policy for dollar
President Kennedy argued against devaluing the dollar saying no use and that other nations would follow, risking a shift to the gold standard. He said U.S. foreign holders would lose and cautioned only a cooperative effort sustains the dollar, a cornerstone of Western prosperity.
MENTIONED IN THIS ARTICLE
Washington
Kennedy
U.S
Ti.s
United States
Majority Accept Takeover Offer for Smalls Chocolate
Shareholders owning over 90 percent of Smalls Chocolate Holdings Limited ordinary shares have accepted Life Savers Australasia Limited takeover offer. The acceptance signals near-complete support for the transaction and paves the way for its completion under the agreed terms.
MENTIONED IN THIS ARTICLE
Smalls Chocolate Holdings Limited
Life Savers (Australasia) Limited
New Zealand to Build Canberra Office Block
Prime Minister Keith Molyoake told Parliament New Zealand will build an office block in Canberra within a few years. A nucleus of 20 000 pounds was set aside this year, with no final date given. Labour MP Walter Hudson criticized the high commissioner's building, saying the front door is misused as a dance hall by various people during renovations.
MENTIONED IN THIS ARTICLE
Wellington
P.reuter
Keith Molyoake
New Zealand
Canberra
Labour
Walter Hudson
Alice
Grim Warning By McEwen Battle All The Way For Markets
The Australian Minister for Trade Mr McEwen warned he was blackly pessimistic about the Common Market. Australia would fight every inch to sell on increasingly difficult markets while reducing unit costs and pushing for greater efficiency.
MENTIONED IN THIS ARTICLE
McEwen
Australia
Pessimistic McEwen Foresees Trade Shifts at NSW Meeting
Mr McEwen opening the United Farmers and Woolgrowers conference in Sydney warned Australia has bought £700 million more from Britain than Britain from Australia over a decade. He urged Britain’s continued Commonwealth ties and warned against rapid removal of preferences. He urged improved research, credit facilities, and bank support for primary producers as Australia seeks new markets and greater export earnings. Bendigo talks echoed Britain’s pledge to defend Commonwealth trade while stressing a strong Britain is key to Australia’s prosperity.
MENTIONED IN THIS ARTICLE
McEwen
United Farmers and Woolgrowers’ Association of New South Wales
Sydney
Australia
Britain
Bendigo
J. Stoodley
Jwe
Stoodley
Krushchev Addresses Large Archangel Meeting
Soviet Prime Minister Krushchev visited Archangel on his way back from the Arctic fleet and spoke at a large meeting. He also inspected housing and cultural construction projects as reported by Tass.
MENTIONED IN THIS ARTICLE
Moscow
Turner Infants School TB Test Visits In Canberra
Jenifer Dowling 7 of Turner smiles through a TB skin test at Turner Infants School. NSW Health tests 17 000 ACT children aged 2 to 16 in five teams visiting Canberra preschools and schools. Negative results mean no contact. positive sites show swelling but not necessarily disease.
MENTIONED IN THIS ARTICLE
Jenifer Dowling
Turner
T.B
N.S.W. Department of Health
A.C.T
Canberra
Pact Ministers Race to Reach Line on Britain Entry
Brussels reports say British and European Common Market ministers race against time to outline terms for Britain's entry. Edward Heath, deputy foreign minister and chief negotiator, aims to conclude before July ends, with August possible if issues persist. Top level decisions needed on altered markets for temperate foods from Canada Australia and New Zealand under Commonwealth preferences. Negotiations today focus on British agriculture and market regulations for pig meal and eggs.
MENTIONED IN THIS ARTICLE
Brussels
A.a.p.reuter
Britain
Edward Heath
Canada
Australia
New’ ‘Zealand
Experts Investigate Honolulu Air Crash
An Empress of Lima flight returning to Honolulu for an emergency landing crashed near the ground killing twenty seven. Thirteen survived in the tail section as investigators from the United States assist in identifying the dead. Three Australians survived including Andrea Johnston Frederick Manuel and Edith Hutchinson. Dr Gillian Jacob of Melbourne among the dead. The Civil Aeronautics Board began a formal inquiry though no progress details yet.
MENTIONED IN THIS ARTICLE
America
Elizabeth Place
Tabilk
Victoria
Andrea Johnston
Sydney
Frederick Manuel
Albury
Edith M. Hutchinson
Coburg
Gillian Jacob
Royal Women's Hospital
Melbourne
Jacobs
England
Royal Women’s Hospital
Hans Bellinger
Jacob l
East Africa
Colonial Medical Service
Place
Geoffrey Armstrong
Armstrong
Civil] Aeronautics Board
Empress of Lima
Honolulu
Also Mentioned on This Page
Ultimate
Krushchev
Pact
James
Elizabeth
Manuel
Frederick H. Manuel
N.S.W
Keith Cooke
Mascot Airport
Mr. Cooke
Honolulu International Air Terminal
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