Bank Plan Approved by Federal Labor Party
The Federal Parliamentary Labor Party unanimously endorsed the cabinet’s plan to nationalise trading banks in Australia, excluding state banks. The move, expected to cost over £100 million, aims to stabilize employment, development, and trade as Australia transitions from war to peace, with Prime Minister Chifley detailing the draft legislation and the plan to take over private banks while protecting employees.
MENTIONED IN THIS ARTICLE
Federal
Labor Party
Chifley
Chifley rejects bank nationalisation referendum
In Canberra the Prime Minister announced the government will not hold a referendum on nationalising private trading banks. Opposition leader Mengies signalled a censure motion. The House adjourned to 10:30 am Thursday for debate as five MPs filed petitions against further steps without a people’s authority. Sir Earle Page, Spender, Cameron, Abbott, and Anthony submitted the protests.
MENTIONED IN THIS ARTICLE
Howe of Representatives
Canberra
Chifley
Mengies
Earle Page
CLP
Nsw
Spender
Lib. Naw
Cameron
Lib. SA
Abbott
C.P, N.S.W
Anthony
CP Naw
Censure Motion On Nationalising Banking Proposed
The House notes Prime Minister statements about plans to introduce bills to nationalise banking in the current session. It records that such legislation would create a government banking monopoly restricting financial and personal freedom. No such process was put to voters at the last election.
MENTIONED IN THIS ARTICLE
Menzies
House
Government faces referendum over proposed legislation
The text states that there was no mandate for the legislation and that the government should not pass it without approval from a general election or referendum. It condemns the government’s plan to act without consent as undemocratic and tyrannical, declaring loss of confidence in the government.
Steamroller Tactics and Chifley Government Control
The Chifley government faced criticism for ignoring public opinion and continuing wartime controls. It argues that farmers suffer under industrial unions while considering nationalising banks, restricting farmer banking options and tying credit to government policy. The piece urges a referendum to challenge perceived overreach and preserved economic control.
MENTIONED IN THIS ARTICLE
Chifley
Publc
Hia
Mr. Chifley
Britain
Europe
Itar
The Boy On Deck Seeks Cure At Sea
A shivering boy on the framing deck, with a flannel rag about his neck and a cold, stands to signal a passing boat. He aims to fetch Woods' Great Peppermint Cure, hoping relief from illness.
Gloucester Shire Council approves cottage and shed plans
At the last meeting Gloucester Shire Council approved building applications for a cottage on Gregaon Street and a storage shed on Market Street after inspector Mery W Murray recommended approval. The council also granted a cottage on Philip Street subject to regulations, and instructed notices for an awning installation on Church Street.
MENTIONED IN THIS ARTICLE
Gregaon Street
Market St
Ith
Mery. W. Murray
Philip Street
Ment of Labour and Industry
HL Anderson
Church Street
Boundary Street
Railway Street
Railway Commissioners
RACE LIQUOR LICENCES GRANTED AT DUNGOG RACES
Under the Liquor Act a race club secretary may obtain a licence previously limited to hotelkeepers. On Thursday Theophilus Best Watts was granted a booth licence for the Dungog races on 1 October by the Licensing Magistrate. He is warned that friends may claim free drinks, a penalty for the new licensee.
MENTIONED IN THIS ARTICLE
Race Clib
Theo. Best Watts
Dungog
Also Mentioned on This Page
Footwear News
Sandshoes
Garners
Gloucester
Northern Motors
H. G. Robinson
Tankmaker
A. McShane
Farquhar Street
MR. Chifley Firm
PHONE
Gloucester Shire Council
Electricity Report
F. Lower
Council Amd
Mr. Leuden Acen
Section
Biadand
Mise Barbera Knox
Misses Jones & Newman
F. E. Jones
E. M. Newman
Ailes Hope l
Nai Jw. ‘Blatrisutors
Pele
Central Radio Sales and Service
Bennett
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