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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Sep 26, 1941
Page
1
Soviet dispatches describe continued resistance around Leningrad with German and Axis forces pressing on multiple fronts. Reports note attritional fighting near Kharkov and Kiev while Allied and Soviet aid aims to bolster materiel flow and reinforcements, amid uncertain front movements and strategic shifts.
In Washington on Wednesday, Australian Minister Casey and Secretary Hull met to discuss the world situation. Casey stated Australia’s position amid global tensions and outlined their outlook for regional security and economic cooperation.
Washington Thursday. The secretary to the Treasury Mr Morgenthau told the Banking Committee of the House of Representatives that the price control bill should draft excess profits tax at 8 percent during the emergency. He warned the tax would raise revenue for the Government.
The Moscow radio reported heavy infantry and tank clashes on the southwest axis near Leningrad front. Soviet defense held, some tanks penetrated before being repelled with heavy losses. Berlin claimed gains near Leningrad with a large factory seizure. Rumanian forces faced severe bombardment as Bulgarian and Romanian units reported actions around the Black Sea region.
Government proposes compulsory loans and a wartime contribution totaling 322 million pounds to fund war expenses. Aimed at balancing taxation and deficits, the plan includes a 170 million pound levy, postwar repayment terms, and borrowing of 122 million for war expenditure. Budget features credit expansion and central bank strengthening while Labour party responsiveness remains uncertain.
The government endorses the Keynes plan adapted to Australian conditions with uniform income tax proposals, postwar credit expansion, and a Mortgage Bank to bolster rural credit. It outlines expected increases in income and company taxes, customs revenue shifts, and public works funding while stressing mechanisms to match postwar conditions and debt repayment.
Review shows total revenue of £138,584,000 and war and non war expenditures totaling £185,393,000. Net debt rose to £1,496,000,000 as of June 30, 1941, with Commonwealth and State shares and increased statutory revenue contributions for debt redemption. An anticipated pay- roll tax plan was considered in response to budget pressures.
Army troops seized several airfields amid arrests tied to a plot by aviation officials to seize military aerodromes. Officials declined comment. linked to congressional investigations into Next activities. Mr. Martin Dieelonairoen of Un-American Activities praised the Argentine government. Sol Bloom urged Latin America to unite behind anti action.
Immediate rise in pay for wartime service members including enhancements for service personnel in the Australian and British forces. Reports say the Commander in Chief in Delhi approved higher rates and a credit system for overseas service. In London discussions with Churchill and Australian officials covered Middle East and Russia missions. The new pay scale includes special allowances and parity with other services, with phased implementation for months of service and family credits.
Fractured OCR shows terse military citation noting a lieutenant and a flight leader receiving honors. Names and places are garbled, but reference to US air force ranks and a hero’s recognition appears amid misspelled lines.
A garbled report notes General officers receiving new assignments in the Middle East. It mentions Lieutenant-General and Major-General ranks, temporary duty roles, and a command structure within Home Forces. Names and precise details are unclear due to text damage.
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