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Canberra Times in Canberra, Australian Capital Territory

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This newspaper page contains 7 articles. Subscribers can read the full text of each article.

Newspaper

Canberra Times

Location

Canberra, Australian Capital Territory, Australia

Date

Oct 15, 1977

Page

1

Tokyo embassy on high alert after hijack fears

Australian Embassy in Tokyo tightened security after police warning it could be a target for guerrilla attack following last month’s hijacking of a Japanese airliner by the Japanese Red Army. Entrances now use side doors, parcel checks, and 24 hour guards. Police also raided homes linked to five hijackers and six released prisoners.

Tokyo Red Army Foreign Ministry Sam Japan Japan Air Lines

Hijackers press Sunday deadline in Lufthansa hijack

West German airliner hijacked with 84 passengers and crew by two Arabic-speaking gunmen lands in Dubai. Demands include release of 13 prisoners from Turkish and West German jails and a ransom of 13.5 million dollars. Authorities in Bonn and Geneva voice caution as hostage fate remains uncertain.

Dubai Hanss-Martin Schleyer Lufthansa Majorca Frankfurt Rome Cyprus Bahrain leaXing Emirate Schleyer Cologne Ibrahim Murad Palestine Liberation Organisation Bonn Aap-Reuters Geneva Denis Payot Dr Schleyer Pagot Red Army Beirut Organisation of Struggle Against World Imperialism Sehlever Siegfried Hauser West Germany Schlever Ankara Cubin Paris Dr Schmidt Turkey

Government rules out larger rate cut on savings bonds

The government overruled state attempts to cut official interest rates more deeply. The Reserve Bank's recent moves already trimmed rates by about 0.2 to 0.3 per cent. Treasurer Lynch announced no October cash loan. The new Australian Savings Bonds carry 9.75 per cent, down 0.25 per cent from the last issue. Conversion loans range 9.65 to 10.2 per cent, fixing securities mature dates.

Reserve Bank Lynch

Coal move spurs legal advice for Coal and Allied

Sydney reports Coal and Allied Industries Ltd seeks counsel over present circumstances as NSW Government assigns 51 percent of the 600 million tonne Warkworth coal deposit to the late Electricity Commission. Coal and Allied has spent 5 million already and will spend 6 million more on exploration and development. Government allows CRA bid for coal miner.

Sydney Coal and Allied Industries Ltd William Howard-Smith Nsw Warkworth Hunter Valley Electricity Commission Coal and Allied Industries CRA Coal Miner

Quiet man survives Maquis ambush and Gestapo capture tale

Australian Paddy Wilson, a veteran of British and Australian armies, is honored after a 1944 Maquis mission near Orleans when he faced a German takedown. He fought off four attackers, was wounded, captured, and later rescued, with colleagues revealing his SAS resistance service and bestowing a plaque.

SAS Air Service Regiment France Paddy Wilson Maquis Resistance Orleans Maquisards Wilson Gestapo Maquisard Paddy Special Air Service

Economy predicts worsening downturn into 1978 Australia

The Institute of Labour Studies at Flinders University warns of continued recession with unemployment peaking between 445,000 and 480,000 in January and inflation rolling to 5–6 percent by year end 1978. It condemns the present labour market as deteriorating through 1977, likely to worsen into 1978, with seven to eight percent unemployment possible. The bulletin backs wage policy, calls for payroll tax relief, and suggests targeted subsidies to shield the economy without boosting inflation.

Institute of Labour Studies Flinders University Institute Bulletin of Labour Arbitration Commission Bulletin Dts

Australian business leaders gloomy on activity and confidence

National chamber heads reported weak economic activity and declining confidence, especially among small firms. They urged immediate action, including redeploying government resources to infrastructure and capital works, and sought cooperation with the States to cut unemployment and boost domestic demand. Meetings included Prime Minister Fraser, Treasurer Lynch, Senator Cotten, and Minister Fife.

Australian Chamber of Commerce Charles Mortensen Fraser Canberra Lynch Industry and Commerce Senator Cotten Business and Consumer Affairs Fife

Also Mentioned on This Page

Fyshwick Braddon Campbell Narrabund, Feo Aap-Reuter Mediterranean Klaus Boelling Frontier Police Special Police Royal Military College Duntroon Paddy) Wilson Frank Cranston Defence and Aviation Guy Davidson Liberal Party Industrial News Act Family of Man Smith Sir Serene TRE Harry Shortt Australia Washington N. Melvor Joseph Grotowski Maurne Punlevy Space Gerard K. O'Neill Peter Rusbridge Sandy Murray Hans Mol Dan Peebles Rohan Rivett World News Home Buyers Parkland Southside Kambah Northside Fisher Macquarie Turner Ae Fields EVATT Lauriie Scheeleeee Garema
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