Payments deficit looms in Australia as August slips
August recorded a $382 million balance of payments deficit, lifting four month total beyond $1 billion. Official reserves fell $352 million that month after currency adjustments, with revaluations of gold pushing the four month fall past $1,000 million. Opposition leader Hayden pressed Treasurer Lynch for a clear defense strategy for the Australian dollar and potential Euro-dollar borrowings, while Lynch hinted at a $600 million or more plan but avoided public detail. Seasonal factors were noted as short term, and questions remained on reconciling lower interest rates with exchange rate defense.
MENTIONED IN THIS ARTICLE
Australia
Hayden
House of Representatives
Lynch
Reserve Bank
Germany
Teachers call for Carrick resignation
The Australian Teachers Federation urged Senator Carrick to resign after rejecting the Schools Commission 1978 report. They warned the state aid debate would reappear at the next Federal election. The commission proposed transferring funds from non-government to government schools and set 1978 allocations. Carrick said guidelines would not be amended and defended federal-state resource sharing.
MENTIONED IN THIS ARTICLE
Australian Teachers Federation
Carrick
Schools Commission
Senate
Bob Harris
Commission
Harris
Wiiedi
Wriedt
Gay Davidson Examines Electoral Redistribution Implications
Gay Davidson analyzes how proposed electoral redistribution could affect political power and party dynamics. The piece weighs potential shifts in voting maps, representation, and regional influence, outlining plausible scenarios for upcoming elections.
MENTIONED IN THIS ARTICLE
Gay Davidson
Imported Goods Prices Seen Rising Soon
The prices of many imported goods are expected to rise markedly in the coming months. The report notes inflationary pressure and potential surcharges affecting consumer costs across multiple sectors.
Two Die As Car Burns After Crash on Garry Drive
Two people died and a woman was injured in a collision on Garry Drive when a car burst into flames on a Sulelivans Creek bridge. The other driver was taken to Canberra Hospital. Police blocked Barry Drive as crews attended after 8.35 pm. A pathologist and coroner attended. one car crossed the median into the oncoming vehicle.
MENTIONED IN THIS ARTICLE
Barry Drive
Garry Drive Tast
Canberra Hospital
Sulelivans Creek
Canberra Times Family Fun Run Entry Closes Today
Entry forms and a $1 fee must reach The Canberra Times by 5 pm today. Forms are available at all Commonwealth Bank branches, local newsagents, and The Canberra Times office.
MENTIONED IN THIS ARTICLE
Canberra Times
Commonwealth Bank
Spm
Public Service Board warns staff ceilings threaten efficiency
The board reports that government staff ceilings have endangered Public Service stability and efficiency. Training is curtailed and some tasks may be dropped or downgraded. It cites Government cuts after promises of no further reductions, calls for flexibility and independent monitoring to improve management and resource use.
MENTIONED IN THIS ARTICLE
Public Service Board
Lynch
Fraser
Public Service Act
Expose of hypocrisy in report shocks observers
The report exposes hypocrisy in government policy, says Watson Peck of ACOA. He accuses the Government of solving disputes while stirring them via staff ceilings. Paul Wright of APSSA notes long standing opposition to ceilings and calls for reversal.
Treasurer approves act of grace payment to public servant
The Government approved an act of grace to settle a bond about 6000 pounds for G M Emerson now in the Department of Industry and Commerce. Treasurer Lynch authorised the payment after his department and the Public Service Board rejected prior applications. The Board found no legal basis for payment but could not object on principle. Details on amount recipient timing and grounds were not disclosed by Lynch’s office.
MENTIONED IN THIS ARTICLE
Actua
Victorian Education Department
G. M. Emerson
Department of Industry and Commerce
Fraser
Public Service Board
Lynch
Mc Fraser
Street
Education Department
Emerson
Also Mentioned on This Page
By Arthur Gray
Overseas Loans
World News
Parliamenta Finance Wi
Lucerne
Barry
The
Feil
Bruce Judder
Mr Wright
Public Service} Board
Administrative and Clerical Officers Association
Watson Peck
ACOA
Hallmar
ACT
Australian Public Service Association
Paul Wright
Sy Gay Davidson
Victorian Public Service
Bureau of Statistics
Commonwealth
British Airways
London
la Vt
Britain & Europe
Sydney
Ainslie Avenue
Canberra
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