Commonwealth Bank funds deficits to aid Australian states
The Commonwealth Bank Board agreed to finance deficits for 1934-85 by issuing Treasury Bills totaling 9,000,000 amid a compromise with states. For 1943-44 the states face an aggregate deficit of 15,680,000 with funding planned from Treasury Bills and a national loan program, while premiers urge restraint as unemployment persists.
MENTIONED IN THIS ARTICLE
Melbourne
Commonwealth Bank Board
Treasury
Commonwealth
RR. Gy. Casey
Tie
Wittel
Commonwealth Bank
South Australia
Western Australia
Tasmania
Alan
New South Wales
Australia
Extension of Salary Reduction Act in New South Wales
Acting Premier Mr Gruxner announced in the Legislative Assembly a Bill to modify and extend the duration of the Public Service Act 1991-33. The act, which reduces Public Service salaries, would be re-enacted before its June 30 expiry.
MENTIONED IN THIS ARTICLE
N.S.W
Sydney
Gruxner
Legislative Assembly
Australia’s Lyons Warns on Export Restrictions and Quotas
Prime Minister Lyons arrived in Launceston and argued that Australia must keep export controls to protect primary industries. He warned that unrestricted imports risk job losses in secondary sectors and jeopardize Britain’s market for Australia’s goods while stressing 65 percent of primary products stay consumed domestically.
MENTIONED IN THIS ARTICLE
Lyons
Britain
Lyona
Australia
Lyon
Country Party May Run Candidates in Tasmanian Election
Dr Fare Pace, interviewed at Lawn Ceston, stated the Tasmanian Country Party may move to field candidates in the upcoming election. He noted that nomination of candidates depends on the situation and internal party sentiment.
MENTIONED IN THIS ARTICLE
Country Party
Hobart
Fare Pace
Lawnceston Today
Martin by election set for July 14
The Speaker of the House Mr G J Mackay signed the writ for the Martin by election to be held on July 14 nominations close on July 0.
MENTIONED IN THIS ARTICLE
House of Thepresentatives
G. J. Mackay
Martin Br
London Funds Question in State House
In Sydney on Thursday the Parliament discussed the sum of 633,000,000 in London funds raised by the Combuen wealth Bank. Mr Maire urged these funds be used to support industry rather than floated as loans on the open market. Mr Broxner noted current considerations by State and Commonwealth representatives in Melbourne. Mr Wade pressed the acting Speaker on Co
MENTIONED IN THIS ARTICLE
Sydney
Sun
London
Maire
Usa.p
Broxner
Commonwealth
Melbourne
Wade
Commonwealth Bank
Loan Council
Premate Melbourne
Suth Wales
Bruxner
Miniter
Ure
Presa
Ques
Time Bargains Ban Imposed by Sydney Exchange
The Sydney Block Exchange commits to a prohibition on time bargains until further notice. No reason given. The move appears linked to yesterday’s Tullamore developments, aiming to curb forward selling previously banned about four years ago.
MENTIONED IN THIS ARTICLE
Sydney
Thursiles
Sydney Block Exchange
Tullamore
Four Women Die as Dresden Runs Aground in Baltic Cruise
The Norddeutscher Lloyd liner Dresden carrying about 1,000 tourists ran aground on Karnico Island near Stavanger after striking submerged rocks. Four women drowned. the ship was later beached with passengers and crew rescued by lifeboats, HM S Rodney, and the vessel Konohaaken under a north wind gale. Most passengers, Germans workers on a government holiday cruise, landed safely.
MENTIONED IN THIS ARTICLE
Oslo
Norddeutscher Lloyd
Dresden
Karmos Island
Dokn Hhind
Karnico Island
Stavanger
Lyenty Worrien
Sed
Rodney
Konohaaken
theAereater
Bear
Australia Denies Canned Fruit Dumping Claims
Melbourne reports Mr. W. J. Adams, secretary of the Commonwealth Canned Fruit Control Board, says there is no foundation for New Zealand charges that Australia dumps canned fruit in the Dominion. He notes Australian fruit costs are higher in New Zealand and cites a 5 percent import duty on Australian canned fruit versus 25 percent for other Empire countries.
MENTIONED IN THIS ARTICLE
Melbourne
W. J. Adams
Commonwealth Canned Fruit Control Board
New Zealand
Australia
Dominion
Hamid
Ponsford in Doubt for London Test Action
Ponsford, sidelined by a severe influenza attack and bedridden since Sunday, will test readiness tomorrow to decide if he can participate in the upcoming match. Grimmett has shown ankle improvement and is certain to play.
MENTIONED IN THIS ARTICLE
London
W. H. Ponsford
Grimmett
Melbourne trades hall acts on Monterey liner dispute
Acting secretary F A Monk of Melbourne Trades Hall writes to US Consul A W Dye about the Matson Monterey dispute. He notes that an executive council action has been suggested and seeks an early discussion at the Consulate.
MENTIONED IN THIS ARTICLE
Melbourne
Roosevelt Defends Brain Trust at Yale Address
President Roosevelt defends the Brain Trust in New Haven praising trained nonpartisan government experts over politics. He notes he cannot identify party affiliations of many officials and stresses the value of ability in governance.
MENTIONED IN THIS ARTICLE
New Haven
Conn
Braing Trust
Roosevelt
Yale University
Wimbledon draw signals Crawford’s path to semis
The Wimbledon draw places Crawford in the top half with favorable sections, facing likely opponents such as Treczynski and Yamagishi. Perry, Stoeffen, and Wood are highlighted in key sections, while Shields, Von Cramm, and McGrath loom as potential threats in the late rounds. Jacobs tops the women’s singles final chances.
MENTIONED IN THIS ARTICLE
London
Crawford
Perry
Isramm
Wood
Treczynski
Yamagishi
de Stefani
Italy
Bernard Lee
Austin
Turnbull
Mik
Shields
Premn
Aoki
Bousana
Menzel
Czecho-Slovakia
Quist
von Cramm
Kirby
McGrath
America
Hughes
Nishimura
Lkely
Stoeffen
Auron
Lott
Quiet
Mix
Helen Jacobs
Wimbledon seed reveals wealth of tennis talent
Wallis Myers in the Daily Telegraph notes the seeded eight at Wimbledon show a wealth of global talent. He highlights Crawford Austin and Von Cramm as standout stars and mentions Crawford believes he can excel at Wimbledon more than any other court, with strokes that could trouble American servers.
MENTIONED IN THIS ARTICLE
London
Wallis Myers
Daily Telegraph
Fortune
Crawford
Austin
von Cramm
Wimbledon
Britain to Counter Default Clearing Offices and Reprisals
London reports the British government has completed a legislative deal with Germany on default, enabling the Debts Clearing Office and Imports Restrictions Bill to empower the Treasury to establish clearing offices if foreign payments to UK residents are restricted. The Board of Trade may curb imports from any country imposing quantitative discriminatory limits on UK goods.
MENTIONED IN THIS ARTICLE
London
Etagestionionares
Treasury
United Kingdom
Board of Trade
Private Wool Sales to Japan Rise in Private Treaties
The Sydney wool market records a shift as private sales to Japan increase after postponements. Today 3,000 bales sold to Japan at a dd per pound higher than the price paid earlier in the week.
MENTIONED IN THIS ARTICLE
Sydney
Japan
Jean Batten Leaves for New Zealand
Joan Batten departed for New Zealand today aboard the Aorangi amid a large crowd bidding her farewell.
MENTIONED IN THIS ARTICLE
Jean Batten
N.Z
Sydney
Joan Batten
New Zealand
Aorangi
Pirates Release Captives From Shuntein Amid Chinese Pursuit
Five British sailors held by pirates from the Shuntein have been released and picked up by a British destroyer near Sampans at Chefoo. A Chinese captive was released to relay ransom terms for 19 others as British planes and naval units press the search across the Gulf of Chiha and Chantung coast.
MENTIONED IN THIS ARTICLE
Shanghai
Shuntein
Sampans
Whitshed
Chefoo
Michell
Tsinanfu
Yellow River
Mesera
G. D. Nicholl
Inquraance
Watson
China
Oir
Gulf of Chiha
Chantung
Gulf
Smithy’s Plane Ready as Funds Are Secured
Kingsford Smith will complete the Centenary Airforce purchase after securing the final funds. The total was £887 short, but manager Stanrage said the balance was obtained by selling Smith’s Codock in Sydney.
MENTIONED IN THIS ARTICLE
Melbourne
Hia
Charles Kingsford Smith
Centenary Airorce
Stanrage
Kingsford Smith
Sydney
Smith
Wine excise request to reduce duties cited by association
A deputation from the Wine and Spirit Association of Australia urged the Postmaster-General Mr Parkhill to cut wine and spirits excise. They argued lower duties would boost trade and create jobs. Mr Parkhill said he would bring the matter to the Treasurer.
MENTIONED IN THIS ARTICLE
Sydney
Wine and Spirit Association of Australia
Mr. Parkhill
Parkhill
Japanese Textile Trade International Action Urged At Rome
At the Rome Wool Conference a special committee was set to study Japanese competition and seek international steps to protect living standards. The Italian delegation urged international action over direct talks, while the British delegate praised Japan's efficiency and argued other nations must shield themselves from low wage, state-subsidized competition.
MENTIONED IN THIS ARTICLE
Rome
Wool Conference
Seu
Abbott warns on government loan interest rate
Mr. J P Abbott vice president of the Graziers Association of NSW regrets the Pedermd Government over estimated market rates. He notes the £12,000,000 loan was over subscribed by £8,000,000 in 24 hours and calls the real return higher than 3 percent due to tax exemptions. He says private rates won’t fall while government rates stay high and welcomes recent bank reductions.
MENTIONED IN THIS ARTICLE
Sydney
J. P. Abbott
Graziers’ Association of
N.S.W
Commonwealth
Abbott
Health Minister Reports Downward Death Trend in Nation
In the House of Commons the Health Minister Sir Hilton Young announced the nations overall death rate is 10 percent lower than five years ago. Infant deaths fell with an annual saving of about 40,000 lives this decade, and tuberculosis deaths declined over the last ten years. He noted sterilisation recommendations are under review to avoid offending national sentiment.
MENTIONED IN THIS ARTICLE
London
House of Commons
Hilton Young
Wnfit
Also Mentioned on This Page
Victoria
Queensland
UUM
Gerd
Ender
Mr. Butler
al Giverments
Butler
New South Waton
Wypye Bank Bourda Aetion
Buller
MR. Lyons
Launceston
Martin
London Funds
Stock Exchange
Baltic
Canned Fruit Board
Ponsford
Germany
Sampan
Hunt
Smithy
Mr. Clay
Grazier
England
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