Treasurer Warns of Steep Spending and Inflation Risk
The treasurer outlined a hard line to curb high spending and inflation amid adverse world trade. He noted Australia's status among top trading nations and warned that inflation could curb long term growth. Measures aim to reduce imports pressure, stabilize reserves, and rebalance the economy despite Bank directives and wool price declines.
MENTIONED IN THIS ARTICLE
My. Fial
Holt
Canberra
Australia
Reserve Bank
International Monetary Fund
Mhat
May Ease Curb Revisions Forecast for Mid 1961
Adelaide reports that Treasurer Holt forecast possible removal of inflation curbs by mid 1961 on a television program. He said measures were adequate but might be adjusted next year to prevent acute credit issues if inflationary pressures rise.
MENTIONED IN THIS ARTICLE
Adelaide
Holt
C P setback in Victorian by election Ballarat North
In Ballarat North the Liberal and Country Party candidate A T Evans won a decisive by election victory. The Country Party's Hoffert finished third as Evans led with about 20,474 votes to Gray 6,743 and Frans 5,542. Other candidates included Hoffert 1,381 and Brown 3470 with informal votes totaling 35 percent.
MENTIONED IN THIS ARTICLE
Ballarat
Liberal and Country Party
A. T. Evans
Country Party
Ballarat North
Legislative Assembly
RT Whic
Unted
A. J. Hoffert
Evans
ATP
OP. Bo Gray
Gay
Ted
Peay
Gray
Frans
Hoffert
Brown
DLP
Woodward
Diem Regains Control After 200 Dead In S Vietnam Fighting
Police report about 200 killed or injured in a revolt in Saigon over two days. Diem declares intent to stay as ruler, opposition leaders flee, and loyalist forces disarm insurgents. Communists held their hand amid coup turmoil, while demonstrations celebrated Diem’s claimed victory.
MENTIONED IN THIS ARTICLE
Diem
S. Vietnam
SUC Hplep Iie
Dier
Republican
Republic
Saigon
Sulit
Policeiains Wre
National Assembly
King Savang under pressure sparks royal decision fear
Premier Souvanna Phouma said Laos will not accept any royal decision under arms pressure. King Savang Wattana is in Luang Prabang as troops rally with a rebel committee in Savannakhet, raising fears he may back General Phoumi and Prince Bounoum’s faction.
MENTIONED IN THIS ARTICLE
Vientiane
Aap-Reuter
Souvanna Fphouma
Savang Wattuna
Savang
Luang Prabang
Saveannakhet
Phoumi
Bounoum
Revolutionary Committee
Savannakhet
Nicaragua Inflation Fears Cuban Invasion Sparks Clash
Reports say revolutionaries attacked towns south of Managua killing four soldiers and wounding another. Government forces clashed with insurgents, restoring order as martial law was declared by President Somoza. In Costa Rica an attempted frontier landing wounded six soldiers, prompting President Echandi to inspect the area.
MENTIONED IN THIS ARTICLE
Cochin China
Junotepe
Diriamba
Manupua
Costa Rica
San Josfe
A.A.P
Mario Echandi
San Jose
Also Mentioned on This Page
Ield Ou
Ruby Ares
Mt. Mecagh
INES
Vilan Git
Ebster
Lon Healan
Eld
Dal
Ton
Abe
Coe
Kennedys
John F. Kennedy
Jacqueline
C.P
China
Moscow
Rodion Va Matlinovsky
Brezhnev
Nicaragua
Somoza
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