Australian Banking and Inflation Pressed by Structural Limits
At the Bank of New South Wales annual meeting, President Martin Me Heath warned that Australia’s inflationary trends stem from a flexible but overextended banking structure and a push for rapid resource development. He cautioned against rigid controls and sought fair competition, noting labor and union practices, capital migration, andBalanced growth as keys to future prosperity.
MENTIONED IN THIS ARTICLE
Bank of New South Wales
Martin Me
Heath
Australia
Tuvetheware
Anatralia
Prisg
Tate
Australia should focus on maintenance over long term projects
The article argues Australia should prioritise maintenance and restoration of existing capital to swift productive gain. It cites public transport, roads, electricity, farm improvement, and mechanisation as urgent tasks. It notes rising production costs, labour/material shortages, and transport inefficiencies hindering industry, with calls to increase migrant participation in primary industries.
MENTIONED IN THIS ARTICLE
Australia
Thenetry
Aantralia
Rising output worries and Australian trade decline
The article notes rising output costs and intermittent disruptions affecting growth, with a shorter working week raising production costs and transport expenses. It argues Australia loses wartime advantages, export hopes dim, and imported competition rises while overseas reserves and London funds balance future imports amid falling export earnings.
MENTIONED IN THIS ARTICLE
Opty
Baste Waze
Australia
London
Banking policy and inflation may limit credit impact
The article argues that bank policy should avoid increasing pressure. It warns drastic banking restrictions likely add little to curb inflation and notes a limit to how much credit can be restricted without hurting commerce and industry.
District Stock Markets Sheep Sale at Narngulu
Messrs. Goldsbrough Mort & Co conducted a stock sale at Narngulu on Wednesday 4 yarding of 1 000 sheep. Local buyers were joined by visitors from Three Springs and Mingenew. The yarding was mainly good usable sheep with no outstanding lots. Prices were barely equal to late rates with quotations for corriedale wethers 2 and 4 tooth early born in good order merino ewes in various conditions and other classes listed.
MENTIONED IN THIS ARTICLE
Messrs. Goldsbrough
Mort & Company Limited
Narngulu
Three Springs
Mingenew
Laver Used As Breakfast Food In British Regions
A form of seaweed identified as laver is consumed as a breakfast item in certain parts of Britain, noted for its role in local morning meals. The report highlights regional dietary practice and traditional foods.
MENTIONED IN THIS ARTICLE
Britain
Also Mentioned on This Page
Tabor
Eleanor Street
Johnston’s
Xmas Poultry
Eraloton Tce Works Limited
District Stock Markets
W.A
Velvet
Jenny
Western Australia
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