11 Mar 1952
Page 1
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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Mar 11, 1952
Page
1
Prime Minister Menzies explains new import restriction policy in a national broadcast. He says Australia must limit imports to curb outlay and financial strain, noting overseas balances rose as wool prices surged and export income expanded.
A sweeping economic assessment notes overseas balances shrinking as wool prices tumble and imports surge. Officials warn Australia risks debt and reduced development funding unless imports are curtailed and credit measures tighten. The report cites January forecasts and potential droughts to justify restraint.
Reports from Sydney quote Prime Minister warning that drastic import reductions could reverse the government’s stance. The government argues controls prevent shortages while proponents cite wartime strain, with ministers noting Britain and Britain’s allies influence. Domestic production aims to meet demand as imports tighten.
Government plans to ease credit restrictions to support manufacturing and farming inputs while delaying broad petrol rationing. Officials foresee tax adjustments aiding primary producers during price shifts, with import controls and quarterly petroleum quotas not altering consumer prices now.
The executive leader Mr C. Winans, at the conference in Sydney, criticized Commonwealth taxation and the allocation of Treasury benefits to primary producers. He warned that tax reforms would be needed to avoid widening disparities and pledged safeguards against confiscatory terms in land acquisitions and settlement proclamations.
Sydney reports a government move to restrict imports amid a cabinet plan that could cut imports by large margins. Retailers fear shortages of butter wheat and meat for export while consumers rush to stock up on electrical appliances and domestic goods as sales rise.
Reports from Havaria indicate Fulgecio Batista, described as a strongman, has taken control of the Cuban government amid an attempted coup. President Prin Was reportedly abroad and the cabinet resigned after failing to secure backing for a June presidential election. Police and military units were deployed as gunfire and looting occurred near the Presidential Palace with injuries stated. Comité of business leaders pledged to assist in arming and equipping officers for defense and continued war preparations.
AAP Reuters reports Japanese Prime Minister Yoshida told the Diet Japan cannot immediately rearm as the government pursues pacific plans and a peace treaty with the United States. The defeat of occupation forces would be a key step, with U.S. forces to stay away from cities and ports until a formal settlement is reached.
The article reports on Communist denunciations and UN involvement as talks unfold. It describes subcommittees debating measures, prisoner exchanges, and military actions around Pyongyang, including bomber activity and troop movements, with mentions of South Korean and government responses.
A derailed Indo-Chinese train west of Saigon killed 85 and injured 23 after saboteurs mined the track. The incident near Kampong Lat reportedly involved a teak truck and bridge collapse, with passengers thrown into a ravine. Cambodian communists are blamed, linking to Attem Cambodia.
In London on Monday Mr Ancurin Bevan leader of the Labour Party defied party instruction and urged supporters to unite against the Conservatives. He told a cheering audience that he would try to convince colleagues to take strong steps and warned he cannot back down, signaling a bold stand against the government.
Washington reports the United States shipped more than 2 500 000 tons of military supplies to the Allies in the first two years of a Brutal Ambistance Program. The shipments include over 7 000 tanks and combat vehicles, 30 000 motor transport vehicles, 11 000 artillery pieces, nearly 1 200 000 machine guns, and hundreds of millions of rounds of ammunition.
A trawler Thor sank with 18 aboard off Orkney and the Hebrides after a cyclone on Saturday night. Eleven survived in a lifeboat as others went overboard. Crews from Breon, Roscommon, and Pant Town battled waves while rescue efforts continued. Meanwhile in Canberra the Minister for Works announced a planned electricity project enabling 180,008 kilowatts by year end, despite delays to the Pyrmont power plant completion.
The Washington Post in a leading article suggests Australia could rejoin its old fight ing grounds, noting such a move would raise diplomatic questions affecting the new Middle East Command and NATO alignment. The piece implies renewed ANZAC involvement may influence alliance structures and regional strategy.
The Roviet Amtanador met Persian Foreign Minister Kasomi amid ongoing discussions with the Tea oe Fj Reeser and Perainn Dovernment. Cabinet officials, including Sehr aata Mamet, reportedly reviewed the mission and its timing, while a crime writer observer commented on the visit's secrecy.
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