Government Announces Liberal Tax Cuts to Aid Exports
The government announced liberal tax incentives to boost Australia's export earnings. Concessions cover income and payroll taxes and subsidies for shipping. measures target promotion, warehousing, and marketing in overseas markets with a plan to open Trade Commissioner posts in Lima Caracas Teheran and Cairo. The package aims to stimulate merchant activity and expand international trade through targeted deductions and subsidies.
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Australia
McEwen
Export Payments Insurance Corporation
South America
Middle East
Inc
Lima
Peru
Caracas
Venezuela
Mediterranean
Persian Gulf
Teheran
Beirut
Cairo
Government Drops Plan to Conscript Investments
The government abandons a plan to force insurance companies and superannuation funds to invest 30 percent of assets in government securities. Tax concessions will reward investment, with 30 percent asset targets for eligibility, amid cabinet discussion and opposition from industry and backbenchers.
MENTIONED IN THIS ARTICLE
Holt
Gong bearer saves Lebanese prime minister from dynamite charge
In Beirut a man who wakes Muslims for pre dawn meals detected a burning fuse at a petrol station near the Prime Minister’s residence. A youth from a nearby cafe extinguished the fuse 15 seconds before the dynamite would have exploded, averting probable death.
MENTIONED IN THIS ARTICLE
Beirut
Saed Salem
Duke of Kent Makes First Commons Visit
The Duke of Kent aged 25 paid his first visit to the House of Commons in London to observe debate on the Army estimates.
MENTIONED IN THIS ARTICLE
Duke In Commons
London
P.reuter
Duke of Kent
House of Commons
Kennedy Message to Krushchev Aims for Open Dialogue
United States Ambassador Llewellyn Thompson will fly to an undisclosed Soviet location at noon to deliver President Kennedy's personal message to Nikita Krushchev. Thompson said he would go anywhere, anytime, to convey the message. Krushchev reportedly in Novo Sibirsk, Siberia, outside normal diplomatic access.
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Moscow
United States
Llewellyn Thompson
Soviet Union
Krushchev
U.S
Thompson
Washington
Kennedy
Mr. Krushchev
Im Novo Sibirsk
Siberia
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