02 Nov 1977
Page 1
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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Nov 02, 1977
Page
1
Melbourne reports note booing and jeering directed at Governor General Sir John Kerr during the Melbourne Cup presentation. Gold And Black defeated Reckless with Hyperino third as betting boards in Canberra posted record takings and dividend results amid a charged scene.
The Prince lands at Fairbairn air base greeted by Governor General Sir John Kerr Prime Minister Fraser and Opposition Leader Whitlam. Security is tight with sharpshooters on hangars and perimeters. He dines at The Lodge and will visit Government House to present Queen's Jubilee awards and announce essay contest winner. He attends the Brushmen of the Bush opening and Legacy Society events before returning to Government House for a press meet and dinner.
Opposition spokesman Mr Hayden urged special legislation to stop overseas owned firms from avoiding tax on dividends sent abroad. He flagged a Labor government would rebalance treatment of foreign subsidiaries, citing Ford Motor Company of Australia and Wish Development Corporation as examples. He argued this would curb outflows and ease balance of payments pressures while warning the economy against speculative exchange-rate moves and past inflation.
Sterling firmed in early London trading on the correne exchange amid strong demand. It cleared the SUSIEG marks to report a two cent profit on yesterday's close before a cautious retracement. Dealers expect further strengthening against the dollar under the Bank of England's flexible-intervention policy. The yen strengthened as well, with the spot rate rising from 249.15 to 247.15.
About 100 demonstrators outside the Lakeside Hotel protested an alleged unwarranted smear by The Canberra Times about the Williamsburg VII conference. They passed a motion criticizing the report as stifling free speech, while noting campus policy against closed meetings and urging an apology.
fragmented OCR notes reveal a string of items: a poor family's sudden wealth dispute, an international code to curb theft, Frank Cranston criticizing defense neglect, and West Bengal anger over a water treaty with Bangladesh. The garbled text mentions Sunanda K. Datta-Ray and Calcutta, hinting at regional reactions to water-sharing agreements.
The fragment mentions white minority governments in southern Ames, Rhodesia, and Western arms embargo discussions involving South Africa. It references public servants facing work reviews, and a window on Chinese exports for the West. Hodgkinson is cited on page 15.
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