25 Sep 1931
Page 1
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This newspaper page contains 31 articles. Subscribers can read the full text of each article.
Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Sep 25, 1931
Page
1
The Minister for Home Affairs denied reports he would not seek a doctorate and would be appointed Civic Adminia in Canberra. Backers pressed, though confidence waned, with talk of a new Home Affairs candidacy and a shift to a municipal administration role amid district tensions.
Report from Winnipeg describes a protest where 18 destitute families occupy a chamber with 150 outside supporters. The group demands government action while social agencies provide shelter and supplies. Minister W W R Clubb agrees they will stay until needs are met.
Government officials discuss August review of tender proposals for dole supplies and the cost impact to about £500,000 monthly with protests from shopkeepers and talks with London officials ongoing. Names include Chief Secretary Gosling and Labour Minister y as cited in the report.
London reports a Chamber of Commerce poll among 4,106 favouring immediate tariff changes while 241 support continuation of free trade. Mr Ramsay MacDonald chaired the circular to 787 members as part of the tariff debate.
London stores report rising demand for British and Dominion products, especially foods, amid government appeals to cut foreign payments. Householders seek British goods, with officials urging a trade push and a shift from United States and French securities to British. President of the Board of Trade warns buying foreign goods harms the nation.
In light of British developments and anticipated Australian reaction the Federal Caucus voted to adjourn for a fort night the discussion on Holloway and Makin’s motion. The proposal urged reintroduction of the fiduciary notes measure rejected by the Senate amid banks withholding £5,000,000 for unemployment relief works.
Tokyo dispatches report Japanese troops returning to their former positions in South Manchuria easing tensions for the first time since last Friday. Marshall Chang-Hsueh-Liang urged to return to Mukden from Peking where he recovers. Japan promises cooperation to maintain peace and order and aims to avoid League of Nations interference.
The House will adjourn for four days after next week and resume at 8 p.m. on Wednesday. Slow tariff progress leads to sessions on Tuesdays Wednesdays Thursdays and Fridays following next week.
Gold is nominally quoted at £5 an ounce as the Stock Exchange remains buoyant. Industrial issues attract strong buying, while Australian and New Zealand stocks and fixed interest securities falter amid high bank rates. Foreign rates largely unchanged with Paris at 105 francs per dollar and Montreal at £4.40 per four dollars.
Intersest relief on Australian overseas stocks was discussed with potential yearly savings. The Loan Council reviews options with no definite proposal yet. Separately, Australia and the United Kingdom consider cancelling the 34 million pound migration agreement from the Premier's Conference.
Air Commodore Kingsford Smith left Wyndham at 2 am heading for Cheribon Java on the first leg of a record attempt to England. He aimed to reach Cheribon before nightfall and passed Ballia en route at 1 pm local time.
Mr Hugh Wilson told the Disarmament Commission that the United States would accept Italy’s proposed truce if destroyers were excluded from production The British United Press reports the Italian armament truce as doomed to fail The Commission may focus on the Scandinavian proposal urging broad armament reductions during the conference
A police party sent to investigate the murder of two white men by blacks at Rawlinson Ranges abandoned the march due to water shortage. A white telegram reports severe drought in the Interior.
Sterling abroad declines with mixed rates across major capitals. Data shows New York Paris Amsterdam Brussels Berlin Montreal Stockholm and Copenhagen with Tuesday and Wednesday figures reflecting a weakening trend.
Sterling closes at 4.10 in New York with the Canadian at 34 cents. Wall Street rallies as ban on short selling is removed, sending quotations up. Principal stocks rise two to 15 dollars, with utilities and industrials up two to six dollars from Tuesday’s levels.
The Government Savings Bank reports 37,4827 new customer accounts opened along with 4,037 school accounts.
In a wartime debate the Government rejected using bonds in place of cash for war service homes and tax payments. Mr White asked if the concession could extend to soldier dues but authorities warned it would amount to creating a new currency. Mr Cunningham noted the question had been raised before with requests to use bonds as cash. The Treasurer indicated such a move would alter monetary policy and resemble a new form of currency.
In Washington the Federal Reserve reports 184 banks failed in August 1931, including 6 national institutions, carrying deposits of 330 million dollars. For nine months in 1931 total failures reached 32 with deposits of 693 million dollars.
Sydney reports the Health Minister Mr Ely says hospital payments by the department for the first three months of the current financial year totalled £145,678 versus £78,492 a year earlier, a near 108 percent increase funded by the lottery. He criticises the opposition deputy Mr Stevens for opposing hospital support.
Nanking reports a League of Nations decision urging China to avoid steps harming a peaceful Manchurian settlement. Japan’s advance on Harbin continues. foreign consuls seek Japan’s intent on protecting foreigners. White Russian leader Hemenoff arrives in Mukden incognito as Chinese troops mass ahead of possible occupation. Chiang Kai Shek cites Soviet consul note on railway interference. talks hint at troop withdrawal under treaty terms. Chinese note to Japan repeats demand for immediate troop withdrawal.
The Sydney Wool Selling Brokers report a 16 percent weekly rise with fleeces and skirtings up five percent by market close. Demand from Yorkshire France and Italy supports higher prices, while Germany aids trade clearance though Japanese buyers fade.
Tokyo reports the Japanese military rules 14 key South Manchurian towns after Chinese forces dynamited a railway way near Mukden. Despite China’s opposition, Japan mobilizes, occupying Mukden and rail hubs as Manchurian troops align. Trade stalls as China’s surrender appears near.
After a full day of meetings with advisers and talks with the Japanese Ambassador and the Chinese Charge d Affaires the Secretary of State issued an appeal to Japan and China to halt hostilities in Manchuria He also notified the League of Nations of the action taken.
The Finance Bill won second reading with support from Sir John Simon and others urging budget balance amid the move away from the gold standard. Labour’s Bethwick Lawrence opposed, arguing the bill imposes heavy burdens on those least able to bear them. Vote 397 to 3.
Unlikely to pass the unemployment tax increase amid opposition from both sides. Government aims to raise revenue by other means including legalizing mechanical horse racing with a betting tax and admission fee. Target is about £100,000 in 12 months.
Police search a cottage at Jacobsen reveals 24 million in securities hidden in multiple hiding places. John Jackson had lived alone for many years and died today. no will was found.
Under pressure since taking office the Ministry has faced opposition to legalizing tin hare racing. The Government hopes Parliament will accept the measure, preferring it to increasing unemployment, and the bill will be introduced before the end of the month.
In the Legislative Assembly the Leader of the Opposition pressed the Premier on a bill to tax mechanical hare racing. Mr Lang said the measure to amend Winning Bets and raise revenue was with the Parliamentary Draftsman and would be before the House in a few days, clarifying whether it legalises hare coursing.
Mr. W Green of the Federation of Labour accuses President Hoover of breaking his pledge that wages would not be reduced. He calls wage cuts by United States steel and other concerns morally wrong and economically unsound, saying the pledge has been broken and harms efforts toward prosperity.
In the House yesterday a question on redrawing electoral boundaries was raised. Minister for Home Affairs Mr. A. Blakely told Mr. Beasley he hoped to make a statement within the next four days.
Ottawa reports government instruction to Canadian gold mines to pay a bullion premium in an effort to stop the Canadian dollar from drifting lower in New York trading.
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