10 Mar 1932
Page 1
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This newspaper page contains 31 articles. Subscribers can read the full text of each article.
Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Mar 10, 1932
Page
1
The pound surged on foreign exchange today with an overnight rate near 3.33 and the New York quote rising to 115/68 an ounce. Reports in journals from Paris and London celebrate a presumed British economic rebound and restoration of World trade standing, noting improved banking activity and markets reacting to renewed confidence.
Fragmentary report from the New South Wales council indicating sidesteps in a government loan application. The discussion references the Loan Council meeting, state revenue concerns, and mentions New South Wales, Tasmania and Western Australia in the context of loan approval. The outcome and precise details remain unclear due to garbled text.
Fragmentary account notes unrest and clashes at a town site involving two firms amid safety concerns. Mentions killing of sentients, authorities escalating actions, and planned involvement of a firm tied to Melb. Details are unclear due to garbled OCR but indicate a violent incident with fatalities and a response from employers and officials.
Report outlines a troubled Davis Cup tie in Melbourne with unclear names and a Cuban connection cited amid a New York restaurant incident. The chaotic scene hints at disruptions affecting the event and players, with officials seeking clarity on the route and participants.
Paris observers note a shift in global finance as London regains pace as a top distributor of credit with strong banking activity and renewed confidence. Analysts reference growing ties between European banks and emerging markets, signaling a potential rebalancing of regional financial leadership.
A volatile day in New York sees a sharp rally absorbing selling pressure as traders note renewed strength in the pound sterling and broader currency moves amid uncertain demand for assets. The session reframes expectations for near term exchange rates and market tone.
The stern section of the steamer Northern Firth, grounded weeks ago, is now regarded as a total loss. Workmen at the wreck report the hull bulging as the boiler and cargo areas are breached by rising water.
In Maitland yesterday a prisoner armed with a knife attacked warders during a melee. Two inmates assisted the barricaded cell, while guards gained entry and were not seriously injured. The attacker, recently moved from Burra, triggered the disturbance.
Sydney obituar y notes the death of Dr W J Morten born in Queanbeyan and long involved in medicine. He married the daughter of J J Wright, later ran Inverell practice for twenty years, and was well known in the district before moving to Tallin Fealth. The burial was private at Fookewoog under Douglas Mor family care.
Hazy dispatch reports General Shivakens warning that Chinese troops were advancing toward Nanking amid rumors of Japanese bombardment and a planned major assault. The message emphasizes fear and political tension as Chinese and allied lines are described as strained and mobilized nearby.
Charles Hardy drew fire from the A A P as he criticized disruption in a talk at Atbury. Mr Playfair and M L C backed unity to place sane government in the State Parliament soon, with the aim of ending disorder.
Britain Medical Association made strong representations to save thy iineor confer ence on March 22 held in Melbourne and Canberra were ig not ther slightest pouaibility that this will be done. The Director-General of Health commented Canberra as the nation s capital and HQ of the Federal Health Department, which was organizing the conference.
In Sydney West on Monday the Arbitration Bill debate in the upper house was influenced by the casting vote of Mr. J. G. Murray, appointed as an independent to avert a dispute. The result affected the bill’s progress and its financing.
In a debated session Mr Lawson of UAP Macquarie questioned government plans for a five day week in public service. The Prime Minister Mr Lyona indicated a statement on the matter would be made soon, aiming to clarify intentions and actions.
Reports from Hopewell New Jersey indicate no sign of the Lindbergh baby as authorities clear avenues of approach to the kidnappers while negotiations continue. The status of the investigation remains unsettled with officials examining possible bribery and political influence affecting the case.
The report centers on Timstay and Earle Edwardy involved in a strange sequence around the Lindbergh case. A slow train passenger named Hinck is taken to police HQ after claiming a ransom and a telephoning plan. Edwardy says his father-in-law told him the baby was with an aged couple, motive revenge not ransom. Police investigate possible Lindbergh family involvement in the baby kidnapping.
In Paris newspapers hostile to M. Briand attack his Locarno treaty policy and accuse him of betrayal. Royalist Gaudet denounces Briand as traitor and calls for punishment, while Briand supporters urge peaceful rest for the late statesman amid partisan clashes.
London reports Mr Walter Stundman, President of the Board of Trade, stated in the House of Commons that Germany intends to introduce a maximum tariff applicable to shipments to Canada and Australia. The measure would affect trade under a treaty with Germany or discrimination against companies, with Canada and Australia singled out as affected parts of the empire.
The Prime Minister told the House the delegation to Geneva for the international conference would include Federal Attorney General J G Latham and Mrs Latham plus F C Shaddin, H A Hirmedia and aides. Commonwealth would cover official expenses but total needed could not be estimated due to unknown duration.
London reports revenue for the week ending March 3 show economies in the revised budget of September. Total income reached 21.009 million with expenditures at 17.4 million, leaving a weekly surplus. Three and a half weeks remain to balance the budget as planned by the late Chancellor.
The Chancellor of the Exchequer Neville Chamberlain spoke at a Unionist meeting today in London. He urged England to seize the chances before them, citing years of danger and opportunity, and urged resolve amid unsettled conditions.
A yacht named Teddy and another vessel named Teme were driven onto rocks near Challedge Island. The crew clung to wreckage as the boat broke apart. A launch crew spotted them and rescued a man and his wife, who were near exhaustion. Wreckage littered a wide area around the scene.
Dartmoor convicts faced a formal hearing at Laindon Prison with Supt Smith present after a mass parole attempt. A strong guard will secure the courtyard at Brinetown during the march remand with a high fence and benches bolted.
A call for central board oversight targets the Bank of Railway Systems control amid concerns of political influence. Advocates argue independent governance would ensure impartial operations, transparency, and proper allocation of funds across the network.
A Sydney conference report condemns political interference in Commonwealth railways finance. The chairman Mr A E Heath argues railway management must have autonomy to improve efficiency and profits. The interim findings blame deficits on depreciation failures, uneconomical lines, motor transport, and multiple wage controls, with debates over governance and future boards.
A moratorium hearing before Justice Halse Rogers involves MLC Wendy and Joan White MLC. The case concerns recovery of 100 pounds owed by a partnership named Buceliie Co. An affidavit by Percival indicates representations about underwriting by Exteln Company and a separate company known as Jeane Ltd.
The request of Senator Hal Colebatch for time of counsel in a case about the Commonwealth's liability to make good default was refused by the Attorney General Senator McLachlan stated the matter involved padding legalion and government practice to seek advice from the most available sources. The court noted grave conflicts in service funding and the government’s position on delivering opinions in certain dates and cases.
Berlin reports the unemployment figure at 6,128,000 for a fortnight, marking a potential bottom in the depression. Officials note a halt in the rise and suggest the worst may be over as conditions stabilize in the capital.
Fragmentary dialogue discusses consideration of hie activities in relation to a transaction and whether any monetary payment or bankruptcy proceedings exist. The speaker notes no payment from Excelite and questions about potential liquidation costs, seeking clarity on clients' status and possible creditor actions.
In Melbourne the Arbitration Court heard C Crofts argue wage cuts of ten percent amid national income decline. Judge Dethridge challenged reform of global conditions, insisting Australia’s living standards depend on its own wealth production rather than falling to India or China.
The Graalers' Association president warns that tax provisions in the proposed bill will devastate the economy. He argues the plan would hurt wool exports and raise unemployment, with no justification for the measure.
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