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This newspaper page contains 11 articles. Subscribers can read the full text of each article.
Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Jun 06, 1969
Page
7
The article surveys Friedman and Keynesian ideas, noting the shift from monetary to fiscal tools, and discusses how money supply changes relate to employment, production, and inflation. It cites tables from Australia and the US, showing how velocity and credit flows influence price levels and growth, with criticisms of applying Friedman’s approach to the Australian context.
Treasury notes yields advance as government issues seek liquidity support. The redemption yields for near term issues shift to around 4.9 percent with September 1969 at 4.80 percent, February 1970 at 4.94 and November 1970 at 4.96 percent. Treasury Notes are issued in $100 and $1,000 denominations with prices around $27.61 for certain issues.
The report notes a predicted wool output revision and a contract shift involving WMC and Mint. Waller Mining Carparg has taken over, signaling a change in leadership and potential impact on production plans.
Canberras reports indicate wool consumption in 1968 is expected to grow about five percent after a steep drop in 1967. World wool reductions rose 1.5 percent in 1967 and are projected to be near two percent higher this season, with stocks and production impacted by increased demand and prices. The New Zealand Wool Commission predicts a stockpile reduction of 210,000 bales this season as imports from inside and outside boost consumption and prices.
The text hints at Australian craft production with emphasis on local materials and refinement. It mentions tariff or quality language, design focus, and a shift toward domestic sourcing and manufacturing, noting a push to use Australian materials and skilled labor.
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London reports A Billscom company Hovermarine Tad i weighs expanding into aircushioned craft production with Australia expansion plans. Southampton firm Frame léc ní sion may help. details to be announced at annual Melbourne meeting. Mr Fidel Wim poley stated details of the new issue would be public soon as shareholders asked.
In May imports totalled 288.6 million and exports 502.5 million, yielding a 213.9 million trade surplus. May instant figures show exports 2925 million and imports 421.5 million, a 23.0 million excess of imports. For the year to May, imports rose 102.2 million above exports versus 219.2 million last year. Data released by the States Bureau yesterday.
Northern Territory prawning industry faces collapse without strict protective regulations, warned by Dick Condon of Northern Meat Exporters. He cited early warnings and rapid changes at sea, urging government action to close foreign access and curb overfishing as trawlers increase offshore.
The article notes metals prices are expected to remain high with global demand. Mr JW Teal of MU Mines Ltd discusses manufacturing growth, price stability, and overseas factors affecting the metals trade, including activity in Australia and shifts in industry demand.
A dense list of TV programs, movies, sports, and news segments outlines a day’s schedule. Items include Lady in the Romance era film, Humphrey broadcasts, The Kiwi Country, Andy Panay, The Rifleman, Banana Splits, The Avengers, and The Ed Sullivan Show.
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