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This newspaper page contains 22 articles. Subscribers can read the full text of each article.
Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Jun 22, 1933
Page
1
London reports say wheat negotiations among Canada Argentina Australia and the United States stalled awaiting Canberra directives. Canada doubts an American plan, Buenos Aires seeks price promises for acreage, while Australia leans toward a negotiated compromise with no American insistence on bulldozing.
Australian representative G M Bruce urged cooperation at a world economic conference. He argued production should not be permanently reduced as the sole remedy, favoring temporary measures and a flexible approach. Bruce stressed avoiding universal restrictions, supporting targeted controls to stabilize markets while allowing some adjustment by producers and economies.
A cable from Mr A. M. Bruce outlined negotiations on limiting imports as part of a developing country strategy. The first British government condition requires comprehensive arrangements covering all producers, with emphasis on producing and consuming prices.
In Sydney the shipowners and shippers failed to reach any agreement on freights for primary products as the conference adjourned sine die. Committees reported that offers and counteroffers were fully considered but no unanimity was achieved, leaving existing contracts expiring at month end and a shift to non-conference lines being contemplated.
Berlin report says on direct orders from Captain Goering the secret police seized National Party offices nationwide aided by Neal Storm troops. The party, once allied with Herr Hiller and opposed by Hughenburg, faces action as Berlin notes intrigues from the London Conference fallout.
A fragmented summary notes European bankers meeting at the Bank of England to discuss stabilising currencies and a potential return to the gold standard. Britain resists haste while each nation may act alone. The American delegation later clarified there is no plan for a rigid parity, aiming for unity of action based on gold standard with silver considered.
Senator Johnston sought information on the remit of aid to wheat growers for their first harvest. Sir George Pearce, Leader of the Government, said the wheat industry’s position is under consideration and no decision yet, with schemes needing lasting value and practicality for administration.
London reports the Irish Free State tests difficulties of paying 15 million pounds in a single cash sum for liquidation of the annuity. The plan hinges on raising a loan, with Britain asked to affirm that default was justified. Communists reportedly joined Nationalists, wielding weapons and uniforms to transform the group into a revolutionary tool against the government. The government moved to disband the Socalist Helmet organization and seize property. The aim of the Nash Commission is to keep the group non political and as a defense organization.
Report from London notes Neville Chamberlain proposing a policy of abundant credit by central banks to reduce the price burden and stabilize unemployment. The discussion includes committee coordination, open market operations, currency accessibility, and potential abolition of exchange controls as part of a broader move to ease deflationary pressure.
The Washington correspondent notes mounting gaps in the Lebanon conference talks with the United States France and Britain at odds over adjournment. Officials express concern that public statements diverge from private aims as negotiations stall amid uncertainty about planned motions.
London reports the British pound rising to four dollars forty cents, the highest level since the gold standard suspension. The market closed at 4,163 pence per dollar, signaling a strong currency move amid ongoing economic adjustments.
Mr Georew Walker argues against restricting exports and debt payment schemes in response to low world prices. He warns such measures could hurt Australia’s wheat exports to China and seeks to avoid group export controls, favoring bilateral caution and maintaining existing production. He cautions against policy moves that distort exchange or tighten credit.
In Sydney on Wednesday representatives of Wheat shippers discussed a proposal to prepare a temporary monopoly of control as a means to address reduced wheat production. The emphasis was that commercial interests would stand firm in opposing any arm of contraction.
The article reports on discussions where national leaders argue for allowing press views while addressing monetary questions. It notes that progress might come from exchange restrictions and related agenda items, with moderation awaiting talks outcomes. It emphasizes linkage between temporary stabilization and dollar value in policy stance.
Austrian authorities move to confiscate assets linked to former Nazi figures as part of postwar restitution measures. Officials say the actions target properties identified as proceeds of oppression and seek to restore property rights to victims while complying with international law.
London gossip notes describe a Tuesday dispatch from a Vienna correspondent in The Daily Twograph about party property, with a police ban on certain items. The report mentions swastika badges worn by protesters, triggering police action and public attention.
Sydney residents note a Country Party metropolitan meeting backed tariff cuts and urged Lyons Government to lower tariffs to align with the pre election UCP and UAP pact. Leader Paterson argues unity depends on policy and criticizes late tariff moves as delaying progress toward tariff harmony.
The acting Leader of the Australian Country Party Mr T Paterson MHR spoke at a metropolitan division meeting tonight addressing protective factors and policy impacts discussed in the pre election pact context.
January 1 1930 at Waterton New York Tosday Janeth Daida son of Italian worker arrested for sending a crude weapon to President Roosevelt and admitting a February package threat. He is held on open charge and described as mentally deficient.
Mr M Henderson, chairman of Australia’s delegation to the East Indies and Australia Settlements on the Nieuw Holland, urged permanent exhibitions of Australian mooda to capture trade. He suggested trade commissioners be stationed at Batavia and Hong Kong, and a trade visit to Hong Kong and Shanghai next year with permanent showrooms for Australian products.
Sydney hearing on Japanese competition quoted Mr May Hugh Treacy, director of Bradford Cotton, arguing imported Japanese yarns undercut Australian costs. He noted mills abroad run long hours while Australian wages and duty burdens keep production high. The inquiry adjourned awaiting further evidence.
The Japanese Cabinet plans to accept the tariff truce with reservations allowing retaliation against nations deemed discriminatory. The agreement was submitted to the Privy Council today, outlining Japan’s stance on trade protections.
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