27 Oct 1932
Page 1
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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Oct 27, 1932
Page
1
The Evening Standard reports unfounded rumours of a looming attack on continental markets from London. It claims Britain fears a dollar shortfall and that the Treasury and Bank of England may intervene, with potential disastrous results for speculators.
The New York market touched a yearly low as sterling and the foreign exchange rate moved lower. The pound slipped to 1.40 for cable while the Canadian dollar fell to about 81.8 cents after opening. Bankers indicated possible support but the currency’s decline continued with the official selling rate withdrawn.
London report from the prime minister in the House of Commons outlines a national revival plan. Government policy focuses on balancing the budget, converting debt to lower rates, and promoting trade to spur industry and employment. Negotiations with foreign powers aim to remove barriers to international commerce and stimulate growth.
The President of the Board of Trade, Mr Walter Hunciman, told the House that since early July a large number of foreign factories in Britain had halted operations or reduced output due to wartime conditions.
London reports show nineteen nations including Argentina, Colombia, France, Iceland, Lithuania, Netherlands, Poland and others negotiating with Britain under Ottawa conference context. Under-secretary for foreign affairs noted the inability of governments to finalize terms, with discussions continuing on arms and alliance arrangements amid broad participation.
Ottawa debate center on government health fears as Mr Bruce faces possible recall after illness. Mr Guillet ordered three weeks rest by medical advice and may be unable to attend for a lengthy period, with a decision on recalling the Prime Minister dependent on his recovery.
Sydney police arrested 38 year old Deorse Murray after a pursuit that began on a motorcycle near Campsie. Constable Meredith chased the suspect through backyards and fences before trapping him in a wall corner. Murray said he was exhausted and hurt his shoulder but police deemed the injury minor. Another escapee, Timset Rinkard, surrendered the same day.
Labour Party moves censure on Government over means test for unemployment relief. Mr Lansbury criticises social misery and the tenpence measure on the jobless after the Trinity Act. Prime Minister defends policy, says unemployment slowed under National Coalition. debate notes potential pensions and thrift considerations.
Milan reports reveal Signor Mussolini appealed to a vast Cathedral Square audience with a vow to grant general amnesty to political exiles who recognize the Fascist regime, while promising reforms and work programs. Critics, including Mr Badert Samuel for the Wires Trade Liberals, dismissed the proposal and called for firm opposition. The scene followed sharp remarks on unemployment and tariff effects, with Parliament debating government plans and potential costs to the nation.
An aeroplane vanished yesterday and was found wrecked on a hilltop near Wellington. Pilots Morars P. Gresser and W. G. King of the Wellington Aero Club died in the crash, believed to have struck the hilltop during heavy rain as they flew from Palmerston to Wellington.
A gas jet was reportedly left on at an unidentified store causing a blast that wrecked the building and seriously damaged the farmhouse area. Several bystanders and workers were injured, with rescue crews rushing to the scene.
Mr J T Pinner an inspector of the Public Service Board will head an inquiry into the organisation and running expenses of Parliament House at the request of the Speaker and the Senate President. The service commissioner said the inquiry aims to ascertain economies and control of Parliamentary staff and facilities. Any action to implement recommendations will be considered by the Speaker and Senate President with the Public Service Board awaiting decisions.
Construction on a new reservoir on Diack Mountain is set to begin within two weeks to boost Canberra's water supply. The total cost is about 86 110 pounds, including 12 100 for the reservoir and 22 000 for extensive pipework. The project aims to provide adequate water during dry periods for Canberra's northern suburbs and support unemployment relief through public works.
John Joseph Woolth milk vender faced North Sydney Court charged with selling milk without license. He claimed a £50 payment was arranged via a Dairy Farmers manager and a Mr Martin to obtain Mosman license. Woolth said £15 was his share.
In Cessnock on Wednesday unemployed held meetings over new dole regulations. The town remained quiet with a plan to resume work and to maintain protests across the BlaLa district. Collieries largely halted, though some workers returned, signaling a developing but limited response to the grievances.
Acting Premier Brummer Chief Secretary Chaffey and Ministers Dunning ham Hawkins discuss coalfield agitation over food relief and alleged imposters. Bruxner notes the position is practically normal while criticizing application forms under the Child Welfare Act and past administration.
A crowd of unemployed coalfield workers in Newcastle protested after hearing a Labour Bureau addrem. They agreed to fill out dole applications, signaling possible action by Newcastle men.
A Newcastle statement in support of Cesmnook's position for the Northern tripere council cautions against relying on intimidation. The speaker argues against the use of physical force and condemns propaganda, urging belief in bond-voiced true aims and warning that hunger could split the movement if violence prevails.
Acting Prime Minister A Parkhill rebutted criticism of moving the Patents Trade Marks and Designs Department from Melbourne to Canberra in a vivid House debate. J W White opposed the transfer citing costs and business disruption, arguing Melbourne should remain a hub and a branch there would save money. White warned of losses on Melbourne assets while Parkhill cited a revenue surplus and broader government savings, with ongoing infringement cases noted.
In Ottawa on Tuesday the Dominion's wheat policy receives scrutiny as Dr. Bennett questions the government’s wheat futures purchases. Minister Stephens promises a reply after reading the report, while Donnelly presses for the basis of the reported stabilising influence.
In London on a Wednesday Sir Eric Cadden stated that negotiations were making progress on extending the imperial airline service to India. He expressed hope for a smooth process with no hitch, noting the service is among the empire’s most important and should be started with standard equipment.
Reported incident in Juba outlines two men charged with malicious acts causing grievous bodily harm to George Bob Howard during a riot. Witnesses described a crowd clash that injured Barzeent Howard and involved Constable Richart Eile. Docket indicates further remand until tomorrow.
Wheat futures plunged on Tuesday after withdrawal of support from outside sources. The decline hit the market hard with Dec and May contracts sliding from earlier levels. October closed around 47, November 47 1/2, December 48, and May 81, marking a sharp, unanticipated drop.
Canadian wheat prices tumbled, dragging the Winnipeg market toward new lows. Traders heard discussions that Canada might curb exports until Argentine supply pressures ease. Prices showed declines with futures quotes near historical lows and heavy selling pressure persisted through the session.
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