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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Oct 06, 1939
Page
3
Fragmentary notes show Britain and New Zealand discussing marketing and prices. The minister stated Britain had not yet committed to a formal agreement and described ongoing talks as part of broader economic negotiations.
Regulations restrict transfer and disposal of overseas assets to prevent capital exodus. Exemptions cover foreign deposits and certain currencies. Statistical returns required for most foreign securities within 30 days to Gov. Bank, with Treasurer consent needed for transfers outside Australia. Minister notes banks and deposits in foreign countries fall under but may be exempted temporarily.
Sydney report details a new defence expenditure control system. A Treasury Defence Committee will review spending proposals before funds are spent, including a senior Treasury official and a Naval, Military, and Air Board member. The aim is to reduce waste and maximize value.
Substantial donations flood Melbourne as civilians respond to the Australian Defence effort. Funds from private cities pour into the national defence contribution account. An official notes that officers unable to serve personally contribute a portion of their salaries, highlighting civic duty during wartime.
The remount director reported progress on an army horse acquisition, noting most of about 600 horses have been procured or prepared for service. Details on sourcing and selection are limited due to garbled text, but the record confirms ongoing efforts to equip cavalry remount requirements.
Br Cameron of the Country Party urged constitutional change to widen Broadcasting Commission representation. Postmaster-General Mr Harrison opposed it stating a committee should be based on national interests rather than sectional factions.
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