09 Sep 1931
Page 1
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This newspaper page contains 21 articles. Subscribers can read the full text of each article.
Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Sep 09, 1931
Page
1
Melbourne reports banks restricting lending to about £16,000,000 deficit finance and a maximum 25 percent of loan works for government needs. Premiers debate relief, unemployment risk grows amid industrial stagnation and plans for extended welfare and public works.
Fragmented text recounts a royal financial crisis and Premier Hogan's remarks on restricting Victorian trade. Mentions King, Parliament, and MacDonald in a period voice, with references to Royal Family duties and wartime rhetoric.
An imperfectly captured political appeal from Mr. Macdonald urging national confidence as Parliament opens. He pledges government action to secure broad public trust and to avoid crisis, while defending leadership amid calls for immediate sanction. The piece reflects wartime rhetoric and parliamentary tension.
A fragmentary report notes suspension of awards by employers in Sydney and rising industrial tensions. It cites arbitration boards and potential price and wage impacts, with workers fearing lower living costs and higher unemployment as the dispute affects railway and manufacturing sectors.
A garbled 19th century telegram from Sydney reports actions by Now South Wales Manufacts chamber and Jay ounell Korn on factory arrangements and arbitration. It mentions covert imonte and employ ers sails ems to make their own factory setups as the Premiers' Conference endorses the furexol apnea nut rein witua priinary of AT aware.
The Daily Moral’s financial editor notes expectations of lower interest on government war loans. Government assurances to pay interest on bonds and a strong bond market in Paris and New York suggest favorable terms. Analysts project the overall rate around 4.44 percent, with large issuances seen absorbing banking activity and possible premium shifts on bonds.
Washington reports the Farm Board may pursue further wheat trade deals amid criticism of past offers. It has traded about 40 million bushels in a month including exchanges with Japan and Britain. An agent was sent to Germany to discuss a 14,800 bushels winter wheat sale on three year credit at 60 percent above Chicago price with 1 percent credit payment.
Government Savings Bank reports 4056 new accounts opened today at head office and branches, bringing total new accounts since reopening to 12938. Among notable depositors are Me [aT Glick], a prominent businessman, who placed 2000 on deposit, and Teo Sundradoer of the pattern force. Commissioners received a message from Tamworth noting the mayor and town clerk were the chief depositors yesterday.
Australian wool growers voice concern over a Capetown advisory suggesting Japan diversify purchases to South Africa. The consul’s guidance aims to reduce Australian wool imports from 500000 to about 450000 bales, with 50000 bales possibly sourced from South Africa. Japanese buyers reportedly account for eight percent of Commonwealth wool trade, prompting calls for guarded trade relations.
A Harbour Bridge opening meeting in Kydeny assembled about 30 citizens to form a committee. The Lord Mayor urged organisational plans for a march next March and a public festival including a monster fireworks display and carnival events in the city.
In Melbourne on Tuesday Mr Lang accepted indirect payment responsibility by New South Wales. The Losa Council to day vowed necessary adjutment to the Treasury Bill issued by the Commonwealth after New South Wales failed to meet interest payments. The bills were transferred to New South Wales in settlement.
Soviet Britain trade data from OxrOW show a lop-aidednem of trade advantage to Tiritalm due to renewed relations with Fyteala. The half-year exports to Russia reach £4,206,000 with imports at £4,700,000. Germany and the United States show varied figures with Germany reporting £1,866,000 in exports and £7,000 imports, while the U.S. had exports around £0 and imports about £1,000,000.
In a turbulent session in Nyngan the acting Premier faced questions on Lang repudiation policy and government securities. Debates over the Government Savings Bank holdings, state bond sales, and a Crown Lands Amendment Bill dominated committee discussions.
A late Monday dispatch details the Chilean cruiser and battleship La Lotta facing rebel forces. The island stronghold Quitiauing reportedly fell to forces under Abe Arnis as Chilean ships proceed toward Valparaiso.
The Crews Branch of the National Union of Railwaymen, about 8,500 members, pushed for reinstatement of Mr J H Thomas amid a call for his return to service. The union hailed his loyalty and believed he acted in the country and railway service's best interests.
Police guarded the gates of the Quarter court as the rioting trial resumed. One man faced charges linked to a Newtown riot on James party night. Constable Hilier testified no revolver shots were fired at the house, while others disputed the count of ground noise and adjournment followed.
The Accrington Cricket Club in London offered Don Bradman a contract though negotiations continue. The club official says they have made a good offer and hope to reach an agreement, while not worrying about Australia’s plans for Bradman’s future.
In Detroit Monday Kaye Don driving England II was disqualified in the second Harmsworth Trophy race for passing the gun early by over seven seconds. England II took water at a turn and sank. recovery planned for Tuesday. George Wood piloting Mine America VIII appeared to win on points as Wood’s boat crossed the line first. Don and crew unharmed. Officials stated the disqualification stance after the race.
In Haulty Court morning before Chief Judge Harvey, Cecilia Nicholls, a depositor, moved for provisional liquidators for the Primary Producers’ Bank of Australia Limited which suspended payment on August 24. Mr. Maughan, KC, filed the petition as part of winding up proceedings. Adjourned until next term.
In Chicago a bank defalcation totaling four million dollars is traced to Walter Wolf a trusted bank employee arrested on embezzlement charges. Authorities say he siphoned bonds over 18 years through speculative deals with brokers while financing by false bookkeeping. Banks partially implicated amid alleged brokerage involvement.
A chaotic scene emerged as morning crowds swarmed for the number five lottery draw. Officials reported heavy demand and rapid rushes, with organizers working to manage lines and ensure fair processing of tickets.
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