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Newspaper
Horsham Times
Location
Horsham, Victoria, Australia
Date
May 31, 1946
Page
5
The piece urges vigilance against complacency and argues for an independent national frame, stressing monetary policy, centralized expertise, and prudent regulation to avoid careless spending. It warns that past German wartime credit expansion led to banking collapse, urging restraint and self-reliance.
The text discusses inflation dangers from 1919 to 1946, noting German currency collapse, money expansion during the war, and rising public credit. It highlights that success in price control hinges on preserving money value and questions whether production per head remains prewar levels, warning inflation could occur here.
Burnt Creek Red Cross sub-branch held a goods sale in the White buildings last Friday May 24 raising 22 pounds 7 shillings 6 pence. Community events include Kalkee Sunday School second anniversary celebration with a concert and awards for school tasks, plus a Silver Wedding anniversary for Mr. and Mrs. Les Rule decorated with flowers and confetti. A 21st birthday party for Shirley Wisber featured gifts, cake, and an engagement announcement to Reg Sadner.
Shirley J J Flack awarded prizes while thanks were offered to all attendees for the gifts and spirited competition. Mrs H J Randall baked the cake, decorated by Mrs F Smith and Miss D. Overall equal R Reinholmer with second place noted. Children enjoyed the event and were urged to use Woods Great Peppermint Cure for throat and chest relief as one dose.
At the fortnightly meeting of St Pauls Ladies Guild arrangements were made for an upcoming ball and a food parcel to Britain. Members were asked to bring gifts for a forthcoming event and to contribute items for the parcel.
A N A branch celebrated 75 years since its founding with a Jung Hall dinner last week. Guests included J P Lynch Chief President and J Parker General Secretary among others. Lynch praised A N A’s wartime policy support and postwar efforts for Australia’s industry.
The Horsham Progress Association sponsors a Melbourne to Horsham road cycle race with prizes for oldest and youngest ex servicemen and for the first finishers in three grades. Organizer H A Bow expects a decision on scheduling as the Long Distance Championship of Australia and aims to make the event the standout cycling event in the Commonwealth for the year.
Round five fixtures produced mixed results with Maylands 23 13 over ANA and 18 15 over Maldoe. Metros beat Katimna Park 20 13 while Kuward St. triumphed 28 1 over Rovers. Searle Street and AWA edged closer as teams chase Section 1 and 2 leadership.
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