23 Mar 1962
Page 1
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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Mar 23, 1962
Page
1
The Commonwealth Government repaid yesterday the £78 million borrowed from the International Monetary Fund in April last year. Treasurer Holt announced the early repayment. A standby £45 million credit, sought simultaneously, was cancelled at Australia’s request on September 5 last year.
The Australian government reports full repayment of a 78 million draw from the Fund within 12 months. Officials say this reduces gold and foreign exchange holdings to 530 million, with second-line reserves at 211 million and first-line reserves strengthened. The move aligns with Fund guidance and boosts overseas resources for future balance of payments needs.
NASA Deputy Director Hugh L Dryden and Soviet Academician A A Blagonravov lead negotiations on peaceful space use. Kennedy welcomes Khrushchev's acceptance and outlines U S commitment to cooperative exploration. Langley reports a two man space capsule bat shaped with horizontal landings for a year end Gemini launch.
Mrs Dorothy Elwell of Gosford, a 56 mile prior trip veteran, walked 40 miles after her car bogged on the Eyre Highway in torrential rain. She headed to Embleton near Perth to visit her daughter and 10 grandchildren but became lost near the Western Australia border after passing a semi-trailer bogged on the Nullarbor Plain.
Mrs. Elwell directed by a companion ended up in a bag for 24 hours. With water private papers and a torch she walked 40 miles from 4 p.m. to 8 30 a.m. following overhead wires until a station vintager found her. She was driven back to her car and then continued to Perth.
Rear Admiral David M. Tyree, commander of U S Naval Support Forces in the Antarctic, called on Senator Gorton the Australian Minister for the Navy in Canberra. He met the Naval Board and American Antarctic experts to discuss mutual interests with Australian authorities.
European residents in Oran report fierce street fighting between gendarmes and the OAS after a night clash. Officials note no casualties among Europeans. OAS claims victory while French forces mobilize reinforcements and prepare for broader conflict.
The Queen and the Duke of Edinburgh will aboard the Dutch liner Oranje for a short cruise as part of Queen Juliana and Prince Bernhard’s silver wedding festivities. The guests board in Amsterdam on May 2 for a coastal cruise and return the next day. About 150 European royals have accepted invitations for Holland’s May 1–2 events.
Melbourne case reports Macey of Glen Iris suing Carlton and United Breweries for 999 pounds over a bottle of Melbourne Bitter from a Malvern hotel. He alleges the opaque bottle hid a dead mouse, causing illness and loss of beer enjoyment. trial by judge and jury requested.
Fidel Castro in a televised Key West address labeled Argentina’s Frondizi and Guatemala’s Fuentes as reactionary and puppet leaders. He praised Soviet peace by 60 megaton tests while condemning U S bomb tests as increasing war danger. Duke Risks Crisis.
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