01 Nov 1977
Page 1
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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Nov 01, 1977
Page
1
The first two of ten ACTION buses get advertising wraps at Fyshwick. One bus markets a car dealer in red white and blue, the other promotes a local building society in bright yellow. The red white blue bus runs intra Civic this afternoon and the yellow bus serves the Woden Higgins route.
Hayden linked to Labor plan to restructure government, outlining a proposed Department of Economic Development that would absorb Productivity and Treasury policy sections, dissolve Finance, and expand Treasury functions. He forecast 1,600 public servants affected, potential ABS transfer, and aimed to publish details next week. The move targets structural economic adjustment and long term planning.
Britain's government freed the pound from its dollar peg as foreign inflows surged and the dollar weakened. The Treasury said monetary inflows could threaten domestic targets, prompting Bank of England to adjust its intervention policy while the pound rose to about 0.84 per US dollar amid hectic market trading.
The ACT TAB expects to take about 250000 in Cup betting as the 3200 metre Melbourne Cup at Flemington draws 24 starters. Turnover for Cup day could top 400000 with last year at 353840. Broad broadcasting plans and multiple branches set hours for betting and coverage across TV and radio.
Researchers from the University of Hamburg report a potential world record uranium deposit in Turkish Black Sea waters. Estimated at several million tonnes, depths of 1000 to 2000 metres, potentially worth up to 90 billion USD. Algae on the seabed concentrates uranium by extreme factors. ore has low grade but is easily mined due to organic sediment content.
An anonymous threat delayed Prince Charles departure from San Francisco for Sydney by about two hours after Qantas secured 300 passengers and luggage on the Boeing 747. Spokesman John Dauth confirmed the delay and noted added security steps were taken before takeoff. The prince, finishing a 12 day US visit, will reach Canberra today to be greeted by Governor-General Sir John Kerr and Prime Minister Fraser before a busy schedule including awards and an art exhibition opening.
A UK correspondent notes a rising economic boycott against Israel by Arab states despite U S efforts to mitigate effects. The piece references related items: Labour MP death reducing the government’s margin, weekend protests in South Africa, and a Federal Court critique of Victoria Government’s deregistration delay.
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