Dollar Short Strains on Devalue Moves Across Nations
A dated report outlines global pressure to devalue the dollar and expand export capacity. Governors of the Dollar Fund and World Bank weigh currency adjustments, while Britain and Europe face trade imbalances. The Western Hemisphere and UK markets are cited as key factors, with urgency to boost dollar exports and reduce import barriers.
MENTIONED IN THIS ARTICLE
Adi
Thropedt
Kuraw
United States
United Batya
Britain
Interstate trade sinks to 11-year low in April
A Seatrh Group Chamber of Commerce report shows April trade volume at 458000 long tons, the lowest in 11 years. The note cites depleted production and reduced inventories affecting overall import and export activity.
MENTIONED IN THIS ARTICLE
Suelrioure, Thonony
Goude
Js Deeliniey Meudlly
Chamber of Commercr
Seatrh Group
OMHL
South Africa seeks IMF action on gold price reform
Washington reports South Africa pressed the International Monetary Fund for approval to sell 90 percent of its gold production on the free market while proposing a plan to sustain payments. IMF governors weigh potential revaluation as a remedy for world economic strain. Readers note South Africa remains a heavy importer of goods, with its trade balance affected by dollar shortages.
MENTIONED IN THIS ARTICLE
Washington
South Africa
Ternational Monetary Fund
Reuter
Nicolane Wa Vanga
Mower
Africa
Aortas
Marien
Plana Ag
Eterling
Eitish R Nore
Oreeting
Demplus
Atill
ateHing
Foreign Ministers Meet in Washington Amid Global Talks
British Foreign Secretary Ernest Bevin and U S Secretary of State Dean Acheson lead discussions in Washington on a world problem. Observers note complexity and the need for coordinated action as both sides urge faster talks and cost concerns.
MENTIONED IN THIS ARTICLE
Washington
Twsuny Betain
Ernest Bevin
United States
Dean Acheron
Quinn
Pulley
Robert Sehtuany
Hallway Government Saved by Speaker's Vote
In Melbourne on Tuesday the Hallway Liberal Country Party Government narrowly avoided defeat in the Legislative Assembly. The Country Party joined Labour in a vote on gas and railway charge increases, risking a government collapse. Speaker Thombs presided as the Premier, Virtue, faced a possible no confidence challenge, and the Speaker cast the deciding ballot to sustain the government.
MENTIONED IN THIS ARTICLE
Melbourne
Liberal Country Party
Legislative Assembly
Country Party
Labour
SI Thombs
White Lepers in W A Perth Report Raises Health Alarm
A garbled report from Perth describes multiple cases of leprosy among residents including an elderly man and a young woman. Authorities are taking steps to isolate and treat affected individuals as health officials monitor the situation.
MENTIONED IN THIS ARTICLE
W.A
Perth
Man Wields Sten Gun in Parliament Uprising Blast
A man identified as Abram Zaki, 31, shouted threats while aiming a Sten gun at Israel's Prime Minister David Ben Gurion in the Tel Aviv Parliament. He was disarmed, and authorities say his plan aimed to harm the premier or others as weeks of agitation over a proposed temple project escalated.
MENTIONED IN THIS ARTICLE
PEL Aviv
Tusday
Sten Kun
David Ben Gurion
Stv
Ani
Zaki
Zfat
Washington agreement to ease intra European trade
British and American officials announce an agreement to liberalise intra European trade as part of the postwar programme. Talks cover customs, tariff policy, sterling balances, shipping, and continued consultation among Britain, the United States, and Canada. Immediate steps agreed with more to follow after closer examination.
MENTIONED IN THIS ARTICLE
Washington
Amaticon
Britain
Economic Co-operation Administration
Shore
Gavaramanty
Special Groups Study Prompts Global Capital Debate
Fragmentary text references study by special groups on capital and colonial matters, mentions threats and countermeasures, with unclear names and events. No clear person, place, or organization identified.
Three Nation Dollar Conference Aims at Aid Terms
Diplomatic circles in Washington hail the three nation dollar conference accord as a step in economic policy akin to the Atlantic treaty. Analysts foresee a gradual relaxation of aid provisions, with Britain seeking broader monetary cooperation and a balance between dollar and sterling zones. Officials stress that no immediate political action is required while long term financial questions are settled through multilateral procedures.
MENTIONED IN THIS ARTICLE
Washington
Great Britain
Cripps Sees End To Drain On Gold
The Exchequer debates Britain’s reserve status and how to halt the drain on gold reserves. The Treasury chair, Mr John Say Ter, says moves toward stabilizing the pound would focus on rapid solutions, with Canada and other allies watching closely.
MENTIONED IN THIS ARTICLE
Cripps
Namoi Flood Cuts Roads in North West Namoi Tamworth
Torrential rain in the north and northwest left Namoi River at Guonedah in flood, cutting communication between Gurinedah and Tamworth. Flood damage closed bridges and culverts, blocking mail and provisions for many families while repair work began as weather cleared.
MENTIONED IN THIS ARTICLE
Namoi
Tamworth
Gurinedah
Guonedah
Duange
Reine
Cockburn
Temworth
Fhire
G. E. Park
Riverina Express relaunches with air conditioned trains
The Railways Department tests the Riverina Express on its trial run to Albury aiming to attract passengers by modern comfort. Commissioner Garnide presides as the line showcases its air conditioned cars and promises further units on later routes with additional services scheduled in the near future.
MENTIONED IN THIS ARTICLE
Sydney
Garnidenail Wlay
Albury
Auitennia
Weal
Mori
Junaoty
Mr. Garninle
Britain to Cut Expenditure Amid Broad Reshuffle
A Washington correspondent reports Britain plans further cuts in expenditure after a large government program, with a 150 million figure cited and a national health and insurance reform under consideration. The move follows anticipated statements from key officials, aiming to curb spending across departments.
West Europe at risk says envoys urge aid plan
U S envoys warn Western Europe cannot resist Soviet pressure and urge Senate approval of a military aid bill backing the Atlantic pact. They cite shared equipment and co ordinated air, land, and sea forces, with funds allocated for Greece Turkey and the Philippines and for aiding China's defense. President Truman to seek funds pending Congress action.
MENTIONED IN THIS ARTICLE
Witneus
Conia
Europe
Poerilla
Am Saasndorm
David Bruce
France
Lewis W. Douglas
Britain
Yanen Eta
Tinly
Charles Bay T Narway
Senutn
Tom
Connally
Benate
State Department
Western
Senate
Turkey
China
Truman
Reconstruction Loans Total 191 Million for Year
The International Bank for Reconstruction and Development reports total loans exceeding 191 million dollars for the year ending June 30. The document, presented to governors, warns the bank cannot solve all global financial issues alone and emphasizes the need for fuller repayment and stronger budgets to support the dollar and balance of payments.
MENTIONED IN THIS ARTICLE
Washington
Tuew
International Bank of
New Sydney New Zealand Record Set in Aerial Flight
A record flight from Sydney to Auckland was completed in four hours ten minutes, beating the previous mark held by the same captain. Pilot Don Bene fet piloted the aircraft, with authorities noting the duration as an improvement over prior performance.
MENTIONED IN THIS ARTICLE
Ayowey
Don Benefet
Auckland
British water shortage fears prompt possible bans on washing
In London and across Britain, weather officials warn of a serious water shortage if substantial rain does not fall within weeks. The Waterworks Association says supplies could be at risk, while the Water Board threatens possible bans on washing cars and gardens. Reservoir levels have fallen by about 246 million gallons.
MENTIONED IN THIS ARTICLE
London
Nave
Nat Britons
Tne
Te Calla
Redwce Conair
Pho Mateopaitan Water Board
Han
Liat
11 Day Truce in American Steel Works Ends Drift
A tentative eleven day truce in the American Steel Works dispute was reported as workers and management agreed to extend talks. The union pressed for a wage increase and shorter work hour demands while companies indicated consideration of the proposals. The extension followed a threatened strike and aimed to prevent a full stoppage in the steel plants.
MENTIONED IN THIS ARTICLE
American Steel Works
Mm Wrg
Tussdaeran Pramas Appen
Tru Belee
Bledworkers
Atocl
CLO
Tnrpatourd
Wattike
Ale
Carter
Government backs price stabilization plan for primary produce
The government favors stabilization to curb price swings in commodities including meat butter and other staples. Commerce and Agriculture Minister notes a broad scheme to extend support, while opposition voices call for deeper reforms and timing remains uncertain. Professor Douglas Copland comments on economic gains tied to stabilizing imports and domestic markets.
MENTIONED IN THIS ARTICLE
Nona Pallant
Douglas Copland
Hosstab Tewuion
Une Pratornl
Tito Looks to Kremlin for Settlement in Yugoslav Crux
Yugoslav leader Tito signals seeking Kremlin role to settle Yugoslavia's internal affairs. Moscow responds that Soviet intervention must be avoided and Yugoslav sovereignty must prevail. The statement, released by the government, warns against interference by foreign powers and stresses noncombat settlement.
MENTIONED IN THIS ARTICLE
Ted Maedy
News York
United States
Vladimir ‘Ovdrate
Uhl Tito
Reine
Ontrata
Czechoslolvakia
Ito
Kremlin
Presa
Russia
Fupastavta
Also Mentioned on This Page
World Bank
Bo If
Dollar Fund c
Foreign Ministers
Israel
Canberra
Botanical Garden
Mr. Chifley
Sir Edward Gallsbury
Royal Botanical Gardener
Kew
Dhe
Sterling
Mary Vronuels
Thathrling Nein
Ribbee
Murahell
Sterling Baba
Gener Counterit
Prtralenin and
Atvenine Euhews
McRaian
Mapstan Phi
Will Tate
Gevonwerve
Mace
Lavi
Boone
Amenton
Gunny
Penatorn
Rita
Hell
Belin
Oreneg
Ernest Begini
Siesta Vinnenen
Tubek Staton Treasury
Jlohn Say Ter
Gm Solutions
Riverina
Muntford
Nationalae Insurance
Aciencoe
U.S
West
Nur
Nfng
New Sydney N.Z
Tito
Loternal
Kiltina
Wrenaan
Inde
Yugoninla
Titu
Feor
Petit Oy
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