15 Jun 1931
Page 1
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This newspaper page contains 20 articles. Subscribers can read the full text of each article.
Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Jun 15, 1931
Page
1
Sir Basil Blackett warned a small group of thinkers that the world risks a major financial crisis after 20 years of tones and slow reforms. He spoke amid concerns over continued price falls and the strain of debt in Australia and Germany, urging firmer measures and cautious policy shifts to avert further downturn.
Bathenay reports broad changes in Canadas finance department under Prime Minister Bennett. The plan creates a Canadian Mint and Duvely Canadian Institution and shifts oversight from the Rays Mint London to the Canadian Finance Department. A second reform establishes the Comptroller of the Treasury to supervise expenses and accounting.
London stocks gained a brighter tone as reports cited government dissolution hopes and Australia’s role in lifting confidence. The Sunday Express and others praised Australia’s leadership, crediting refined policy moves for higher prices and market steadiness, noting a global effect from the Dominion.
In London on Saturday Earl Beauchamp’s petition for divorce is filed amid political remarks. The article notes Beauchamp’s expected withdrawal from Liberal leadership in favor of Ford Flending amid the World’s new order mention.
German political crisis deepens as the People's party calls for an early Reichstag session to revisit the June 4 emergency finance decree. Berlin reports note President von Hindenburg granted Bruning broad powers, including dissolution of parliament, amid hunger riots and alleged coup plans by steel helmet groups.
The Voerwarts notes cabinet strain as Dr Bruning warns against early Reichstag changes while a looming reparation policy dispute unfolds. Capital outflows since June reach 128 million. Herr Luther warns banks to curb flight as 526 million pounds stay abroad. Stocks weaken and gold moves to London with 144.6 million pound Bett after the day.
The Financial News notes German bond prices fell on Friday amid unfounded rumours of a government shift. London banks drew on Armian credit as Reichsbank support steadied gold stock near £100 million. German securities slid up to four points. Amsterdam and Paris shares retreated before gains in the afternoon as banks intervened.
A chaotic retail scene in London reflects a public demand for British or other non Soviet butter. Stores like Farrow and Barker and major chains report pressure to exclude Russian butter as campaigns to boost local production and stabilize prices intensify.
President Pommer takes office after a brief ceremony in Bigcee as Doumergue awaits. The new head of state received the red sash of the Grand Master of the Legion of Honour, the sole outward symbol of office.
Fragmentary OCR notes recount a British death with references to a titled figure linked to a boot team and a Nat linngare location. The piece hints at a millionaire status tied to a great chain of cash stores and a prominent merchant role.
Australian cabinet member Mr Holloway resigns arguing that proposed economies will harm economy and reduce pensioners’ living standards. He states pensions should not be cut, supports national effort to create work rather than reduce purchasing power, and cites risk of unemployment and hardship. He pledges respect to colleagues while stepping down.
Report describes a naval drill with Centurion battleship in the North Sea as aircraft launch torpedo salvos to test effectiveness of air delivered attacks. Wary crews ready to recover and analyze potential information from any failed sinking attempt.
Report from Warraw on Saturday states villagers burned houses to attract fire brigade and relief aid. Firemen were attacked as they responded, with several injured before help arrived. Authorities suspect arson intended to claim compensation funds.
A chaotic report outlines a Canberra liquor petition amid amending ordinances delaying Licencing Court action. It notes a second amendment aimed at defeating a private defendant’s application in Manuka, with petitions presented to the court tomorrow and petitions preceding further ordinance changes.
A Deposition details Clarence Hatry and partners including John Giuktin and Glaldin in a fraud conspiracy. Hatry faced charges of fraud and conspiracy, with testimony alleging attempted coverups and connections to the Crown Prince era. Sentences implied but the record notes years of imprisonment and fines, tied to the 1930 amnesty context.
Fragmented OCR text notes seven additional crashes within the Chicago area and mentions transit entities and officials, including a reference to Central Tr press and a General Duron meeting, with dates and specifics garbled. The readable items hint at transportation setbacks affecting local banks and services, indicating a period of disruption and official statements.
In a fragmentary report the North Atlantic shipping conference discusses cutting losses amid wartime pressure. The article notes depressed world conditions and a drop in Transatlantic trade, with 1910 round trips showing substantial revenue declines and freight rates tumbling.
A Canadian Alberta town council was arrested on a complaint alleging failure to provide relief for the unemployed. The law requires civic authorities to make provision for the poor, and the incident centers on enforcement of this duty.
The union announces a plan to convert bonds as part of a campaign described by secretary Mr. We Barran. The document praises state action and urges employers to join in the effort, noting government support and the need to ease difficulties for industry.
Canberra officials announce alterations to the plan with changes to topography and timing. The revised scheme, expected within days, aims to facilitate works and consider potential consulate establishment while avoiding definite action.
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