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Monetary and Commercial ON CHANGE COMMONWEALTH BONDS FIRMER By the City Editor [Newspaper Article] — Advertiser and Register — 2 March 1931
Monetary and Commercial ON CHANGE COMMONWEALTH BONDS FIRMER By the City Editor Although the Federal political and financial position showed no change for the better during last week, and the latest proposal of Mr. Theodore will, ? if agreed to. mean inflation, the Stock " Exchange markets generally held ?? steady to firm. Commonwealth Gov - eminent securities were mostly firmer, ? and provided increased turnover, al ?? though trading was by no means L brisk. The tone of the market for m general investments was steadier. * values for several lines having moved Z in favor of holders. The recovering ? trend in prices for wool was probably ":. responsible for the improvements ir. * pastoral isssues. Lighting companies' S shares also tended upward, but sellers ? of Holden's ord. realised at reduced £ rates. Among miscellaneous nidus -5" trials, traders came to terms In a few m lines only. Z Fluctuations to metal prices were ? confined to comparatively narrow " limits but in all cases, ex...
WHERE IS NIEMEYER AGREEMENT? "All Premiers Siganed," Says Sir David Gordon [Newspaper Article] — Advertiser and Register — 2 March 1931
WHERE IS NIEMEYER AGREEMENT? "All Premiers Siganed," Says Sir David Gordon "Where is the Niemeyer agreement?" asked Sir David Gordon, leader of the Opposition in the Legislative Council. "All the Premiers signed it, and those signatures should be honored." Sir David said he was surprised and disappointed that, after putting his signature to the Niemeyer plan, and thereby pledging the State to pursue the road of honor, the Premier had committed himself—he hoped only ten tatively—to the latest of many of Mr. Theodore's schemes for evading Aus tralia's definite obligations. No mat ter what conditions may have been imposed, the proposal was for straight out inflation, he said. It would lead to inevitable repudiation. "If adopted ultimately," Insisted Sir David." the plan is bound to debase the currency, and cause a heavy fall in Government and public securities in which the majority of holders are small investors. Australian credit has al ready been seriously injured by merely ta'k abou...
"UNADULTERATED INFLATION" LIBERAL PRESIDENT AND FARMERS' ATTITUDE [Newspaper Article] — Advertiser and Register — 2 March 1931
"UNADULTERATED INFLATION" LIBERAL PRESIDENT AND FARMERS' ATTITUDE "I do not think this clever scheme to catch the fanners will succeed," said the president of the Liberal Federa- tion (Mr. Duncan, M.L.C.) yesterday. "The latest Theodore plan is pure, un adulterated inflation, but under another name. "It seems to be an ingenious political move to capture the support of farmers by promising them assistance. it is an obvious trick designed to make the fanners believe that the only way they will be able to get any assistance is to agree to inflation, out of which they will get a small percentage. "I am wailing Jor fuller details about the support of the Premiers of South Australia and Victoria, Meanwhile, I am at a loss to understand why they are now supporting what they have jreviously opposed 60 strongly."
SCULLIN MINISTRY'S POSITION Continued from page 9 MR. BUTLER'S VIEW HOW FARMERS COULD BE HELPED [Newspaper Article] — Advertiser and Register — 2 March 1931
SCULLIN MINISTRY'S POSITION Continued from page 9 MR. BUTLER'S VIEW HOW FARMERS COULD BE HELPED The leader of the Opposition (Mr. Butler) said that he, with all right- thinking citizens, viewed with grave concern the plan of the Federal Trea- surer for a fiduciary note issue of £18,000,000. It was the worst of all the schemes yet submitted, and he was astounded that such a scheme should have met with the approval of Mr. Hill and Mr. Hogan. These Premiers had been commended by all classes of the community, including their political op ponents, for the stand they had taken to prevent a policy of inflation being adopted, but It appeared that they had thrown in the towel at the crucial mo ment. 'Whether Mr. Hill's changed atti tude was due to the pressure of caucus and the Labor Conference, or to the persuasiveness of Mr. Theodore, was a matter for conjecture. Mr. Hill said that Mr. Theodore's method was in tended as a stimulant; surely he must realise that all stimulants are dan gerous...
DANCING FOR BEGINNERS [Newspaper Article] — Advertiser and Register — 2 March 1931
DANCING FOR BEGINNERS Mr. Aubrey Hall will begin his mati- nee and evening classes for beginners to-day at the Queen's Hall All the latest ballroom dances will be taught. Included are the fox trot, oiues, waltz, one step, quick step, and the moochi. Mr. Aubrey Hall recently rsiurned from the eastern States, where he studied under well known English professional teachers. Other classes arc held at the Thebarton Town Hall to Monday evenings. Queen's Hall on Tuesday evenings. Port Adelaide Masonic Hail on Wednesday evenings, and Norwood Bechabite Hall on Thursday evenings.
NORTHERN DISTRICT COUNCILS [Newspaper Article] — Advertiser and Register — 2 March 1931
NORTHERN DISTRICT COUNCILS Declaring that the system of provid- ing rations for the unemployed was undermining the character of recipients, delegates to the half-yearly meeting of the Northern District Councils and Cor porations Association eaid that the posi tion had become intolerable. The meeting was held at Gladstone on Fri day, and Mr. F. M. Leahy presided. It was decided to offer to co-operate with the Local Government and Muni cipal Associations in forming a depu tation to the Government, asking that ablebodied men receiving rations 6hould _,_ v ??„,. +hem
GAR STRIKES TRAMWAYS STANDARD DRIVER KILLED: PASSENGERS INJURED Melbourne, March 1. [Newspaper Article] — Advertiser and Register — 2 March 1931
GAR STRIKES TRAMWAYS STANDARD DRIVER KILLED: PASSENGERS INJURED Melbourne, March 1. A fatal motor car accident occurred at St. Kilda-road about four o'clock this morning. The v'ctim. was Mr. Frederick Freeman (23), garage pro- prietor, of Drummond-street. Oarlton. The two passengers with him, Mr. George Dartnell (21), of West Garth, and Hugh. Gough &lt;20), of Fitzroy, -were injured. While returning from a party at South Yarra, Mr. Freeman was driving, according to his companions, about 30 miles an hour in a northerly direction along St. KUda-road. When they reached the end of that road Gough, who was sitting in .the back seat, sud denly leaned forward and warned Free man that he was going directly towards a tramways standard. Freeman hastily turned the steering wheel, but as he &lt;xid so, his sleeve caught in the hand throttle and the car bounded forward and struck the post with terrific force. The car swung round in a semi-circle and skidded for some distance. The...
MISSIONARY FESTIVAL [Newspaper Article] — Advertiser and Register — 2 March 1931
MISSIONARY FESTIVAL The feature of to-morrow's proceed- ings at the Methodist Conference will be a Foreign Missionary festival in the Exhibition Building in the after- noon and evening. A public tea will be followed by a meeting at which there will be several speakers, including the Rev. Stanley Jarvis, who arrived on Saturday after seven years in the aborigines' mission In North Australia, and the Rev. A. Blackett. of India. Mr. and Mrs. H. V. Shepherdson, who are on furlough from aboriginal missions, will be welcomed, and the opportunity will be taken to bid farewell to the Rev. and Mrs. Lawrence Me Arthur, who will leave shortly for special work in the Mandated Territory of New Guinea. A choir of 200 under Mr. M. Finlay will lead the singing. Miss Muriel Day will be soloist. Naval AgrMmrnt.—lnformation re ceived in London from both Paris and Rome indicates that the necessity for ecenomy has been the factor which in duced tooth France and Italy to arrive at the naval agreement.
Advertising [Newspaper Article] — Advertiser and Register — 2 March 1931
WEATHER FORECAST Fine, with cool to moderate temperatures. Winds chiefly southerly. Pop ------------ -- --- Easily Satisfied I IF I SELL ITU* CA-BIMETI j_ OIUIM& SOU \MEI-X. &lt;SIUE AND I SSs !==>?*? Fl^l^ I >?? I . ME KEEP I j-} poUHOS I P*^ HUMORED. FIPTV — /^ "?**e f j UITE ADVERTISEMENTS Wanted to Sell T~VAYTOK scales, pood: ?!so large lee gbott XJ pheap.—-21, CaniseiUh ___. . '
COLTS BAT STUBBORNLY West Torrens Wins on First Innings [Newspaper Article] — Advertiser and Register — 2 March 1931
COLTS BAT STUBBORNLY West Torrens Wins on First Innings Colts batsmen employed defensive mea- sures against West Torrens. and although they only scored 137. they were not dis- missed until shortly before 5 o'clock. Although 200 ahead. West Torrens did not force a follow-on. Baulderstone, with 37, made in 56 minutes, was the best of the Colts batsmen. Be made many stylish ehots in his innings, which in cluded two fours. Simper showed sound defence. Falls has played a prominent part In the Euccess of West Torrens this season, and he was again in form, uM"[ four wickets for 39 off 13 overs. Scores:— WEST TORRENS First i??ing? .. .. 337 Second TnTiiwg* A. Woolcock, b. Percy 10 D. Cooroy, c. Hughes, P Percy .. .. 18 C. Parry, c and b. Errey .. .. .. 17 G. Young, c. Ridings, b. Errey .. .. 1 R. A. Hamence. not out .. .. .. .. S L. G. Holten, not out .. .. 5 Total (for four wickets) ."~56 12 3 4 20 41 44 47 Bowling O. M. R. W. H. Percy 8 1 20 2 C. Simper 5 1 14 — P. E. Errey 3 — 20 2 C. E....
MR. HILL'S POSITION Supports Controlled Inflation FEDERAL RESPONSIBILITY [Newspaper Article] — Advertiser and Register — 2 March 1931
MR. HILL'S POSITION Supports Controlled Inflation FEDERAL RESPONSIBILITY The Premier (Mr. Hill) regards Mr. Theodore's proposal for a fidu- ciary note issue of £18,000,000 as controlled inflation and declares that he Kill not support uncon trolled or unlimited inflation. Emphasising that the whole respon sibility for financing Australian Gov ernments was on the Federal Ministry, Mr. will said it would be time enough, to criticise the Federal Ministry's latest plan when the legislation was submit ted to the Federal Parliament. Mr. Theodore would then make a lull state ment. Asked to define bis position, Mr. Hill, who had just returned from the Pre miers' Conference, said his support of the proposed legislation by the Federal Government—he preferred to put ic that way, rather than call is the Theo dore plan—was conditional on certain things being done. These conditions were:— That the Commonwealth Government must make a definite declaration that expenditure would be reduced. That the ...
PEOPLE MUST HAVE CONFIDENCE [Newspaper Article] — Advertiser and Register — 2 March 1931
PEOPLE MUST HAVE CONFIDENCE "The kernel of the whole thing is that a fiduciary note issue would be a matter of printing notes without us saying that We are prepared to mort- gage ourselves to pay back, as was done in the case of the mark in Ham burg during the inflation period in Germany," said Professor C. S. fflrfc*, of the University, yesterday. Professor Hicks declared that the report of the interview with him which was published in "The Advertiser" on Saturday, did not properly convey me impression of conditions in Germany and Austria when he lived there for some years after the war. So bad had the position become, ne said, that the Hamburg Chamber of Commerce took the situation in hand. It mortgaged all of its business pro perties and going concerns and issued debentures against them. So good was that form of currency regarded that, although it was legal tender only in Hamburg, its use eventually spread beyond the borders of that free State. "This brings us to what I regarded ...
GLENELG DEFEATED Port Adelaide's Easy Win [Newspaper Article] — Advertiser and Register — 2 March 1931
GLENELG DEFEATED Port Adelaide's Easy Win Glenelg failed to withstand the Port Adelaide attack for more than 120 min- utes at the Glenelg Oval. The home team was set the task of malting 335 runs to win. Port Adelaide having taken its ocore of six for 227 of the previous week to seven for 334 before Williams and Deverson were In excellent form and chared almost ail the Glenelg wickets. Deverson dismissed W. S. Bichardson and R. Hack with successive balls when the total was fire, and from that stage on ward the bowlers were on top. CatcUove, A. J. Richardson, A. Back, and Blcnter were the only batsmen to oCer serious re sistance to the bowline. Scores:— PORT ADELAIDE First Innings G. W. Harris, run out 72 K. B. Jones, c. A. Richardson, b. Catch lore .. 36 D. EL Pritebard, c. Rlchter. b. A. Rich ardson 128 H. J. Harden, c. R. Hack, b. Alexander 24 A. H. Harris, b. Hall 11 A. Morgan, b. HaU 0 H. A. Woods, l.b.w, b. Hall .. .? .. .. 6 E. McKay, not out 34 N. Terrell, not out 14 Leg-byes,...
PROSPECT WINS EASILY Dawson's Attractive Innings for University [Newspaper Article] — Advertiser and Register — 2 March 1931
PROSPECT WINS EASILY Dawson's Attractive Innings for University Prospect gained a comfortable victory over University at the University Oral, the feature of the day's play being the at- tractive batting of G. D. Dawson Cor the home team. Damson, who made his first appearance la district cricket, went to the wicket at a critical stage and scored 50 runs in 65 minutes, hltttes eight fours. He played for St. Peter's College In the last Inter-collegiate match and was subse quently Included In the University B team, although he Is not yet actually at tending the University. & his one In nings for that team lie scored 227 not out and was immediately promoted to the A erode side. Prospect's attack rested chiefly on Cole and L. B. Lewis. The former, using the new ball, made It swing discon certingly, and met with success, in con trast to Wall, who was completely out of form. Scares:— PRO6PBCT First injiinga six (dec) lor .. .. .. 364 Second Innings C. Smith, not out .. *? .. s E. Co...
N.S.W. MEMBERS UNEASY MR. BEASLEY EXPECTS TO BE OUSTED Private Messages from Mr. Theodore Sydney, March. 1. [Newspaper Article] — Advertiser and Register — 2 March 1931
N.S.W. MEMBERS UNEASY MR. BEASLEY EXPECTS TO BE OUSTED Private Messages from Mr. Theodore Sydney, March. 1. Federal members from New South Wales constituencies who left Sydney for Canberra to-night to attend the caucus meeting to-morrow were per- caucus meeting to-morrow were ner ceptibly uneaoy as thjy paced Jus platl form at the Central raUwav-^nrVm They were divided into two g££pl£: supporters of the Government and members of the left wing—and then attitude was ample evidence of the split in the party and the impending Disruption. All were unanimous that there would shortly be sweeping chanzes in the Federal Ministry. * ranges Government supporters stated that immediately caucus met, it was certain that the Prime Minister would more for the expulsion from caucus of mem bers who opposed the Scullln-Theodore plan and openly declared themselves to be in favor of Mr. Lane's repudia tion proposals. The Assistant Minister oi Industry (Mr. Beasley), who. with Messrjb. Laz zarini and Eld...
LONDON BAFFLED BY OUR POLITICS Waits on Cabinet To Show Hand EXCHANGE RATE DROP NOT LIKELY LONDON, February 28. [Newspaper Article] — Advertiser and Register — 2 March 1931
LONDON BAFFLED BY OUR POLITICS Waits on Cabinet To Show Hand EXCHANGE RATE DROP NOT LIKELY LONDON, February 28. London hardly knows what to think of Australian politics now. A new policy seems to be put forward every day. The city is waiting for Cabinet to disclose its hand to Parliament nert week. Mr. Theodore's latest plan for a fiduciary issue of £18,000,000 has passed almost without comment in some quar ters, but it is generally agreed that it has sounded the death knell to an early alleviation of the exchange position. It was beyond doubt that the outside ex change market had virtually dried up. An interesting theory is that the reason for this is the fear of the specu lator that he might be caught by sud den developments. * "Well-informed operators in the c'.ty regard the Commonwealth fiduciary currency proposal as a political ges ture," says the "Financial Times." "They are convinced that the policy will not be countenanced either by the banks or the Senate." The article adds...
LOOK BOTH WAYS ARE YOU PLAYING THE GAME? A TALK TO BOYS AND GIRLS [Newspaper Article] — Advertiser and Register — 2 March 1931
LOOK BOTH WAYS ARE YOU PLAYING THE GAME? A TALK TO BOYS AND GIRLS The movement for the institu- tion of a Look Both Ways Club with the object of lessening the number of street accidents, has been a phenomenal success. Over 50.000 members have been enrolled in this State. The Director of Education (Air. W. 3. Adey) has agreed to the adoption of a con stitution which should be the means of maintaining interest in j all schools. (By "The Twinkler") Boys and Girls —There is no doubt that since the starting of the Look Both" Ways Club you have, as a body, done very well in carrying out the motto of the club. You have been: more alert when crossing lanes, lines and roads, have looked both ways be fore stepping from the footpath, and have done quite a lot to assist in avoid ing accidents. As a result, there are not now so many accidents with chil dren. But there is still much* to be done; quite a number of boys and girts are not play- ? the game. Here are some examples; l —A boy steps from...
HIGHER WOOL PRICES DEMAND BY MANUFACTURERS LONDON, March 1. [Newspaper Article] — Advertiser and Register — 2 March 1931
HIGHER WOOL PRICES DEMAND BY MANUFACTURERS LONDON, March 1. The "Economist." discussing the pro- bability of higher wool prices, paints out that consumption is by no means unsatisfactory. Low prices have inten- sified the demand and manufacturers are reverting to wool from artificial fabrics in the production of worsteds to meet the increasing demand. Stocks of fine wools overseas are not abnormally high. That there will be reduced production of Australian wool in the next two years because of the reduction of flocks is not surprising. MR. DEVERECX'S REPORT IjONDON, February 28. The official representative in London of the Australian Woolgrowere' Council (Mr. W. P. Devereaux) reports that the more confident tone of the wool market a4; manufacturing centres has con tinued. This, he says, had been re flected in overseas markets, stimulating demand for both Merino and crossbred tops. Yorkshire topmakers" quotations for Merinos were firmer, with some business at increased prices. The ou...
MR. GABB WARNS FARMERS Savs Fiduciary Issue Will Hit Them ATTACKS MR. HILL [Newspaper Article] — Advertiser and Register — 2 March 1931
MR. GABB WARNS FARMERS Savs Fiduciary Issue Will Hit Them ATTACKS MR. HILL "Inflation, under the name of fiduciary currency, has been again pressed to the fore, and I appeal to the fanning community not to be caught by this stuff." said Mr. J. M. Gabb, BLHJL, at the Angas ton show on Saturday. Inflation would mean increased costs, he said, and the farmer would have to sell his products overseas at world deflated values. "What amazes me is that the Premier (Mr. Hill) has swung right round from the course he has previously taken against inflation,'* Mr. Gabb added. "In conversation with Mr. Hill, he has not given me the impression that be is an in flationist. If. by talcing this step. Mr. Hill hopes to placate the implacables of the Trades Hall, he will find within the next few weeks that even this turn-about will not be satisfactory to them." Double-barrelled Proposal There was going to be a campaign on this thing, Mr. Gabb said emphati cally. Mr. Theodore's proposal was a double-bar...
AIR THRILLS PAGEANT AT BRISBANE Brisbane, March 1. [Newspaper Article] — Advertiser and Register — 2 March 1931
AIR THRILLS PAGEANT AT BRISBANE Brisbane, March 1. The Australian Plying Corps Associa- tion held an air pageant at Eagle Farm on Saturday, when thousands of spec- tators enjoyed a number of thrills, not the least of which was an exhibition of crazy flying by Messrs. Ken Frevr.n and H. Mollinson. Captain Ehro made a parachute de scent from 1,200 feet. He dropped about 100 feet before he opened his para chute, descended rapidly and struck the ground heavily. He was taken to a pri vate hospital suffering from light con cussion, but was discharged this morn ing. Pilot Injured Soon after, while Captain Matheson was sending cold chills down the spines of the crowd with crazy flying stunts, Mr. Frewin took off and had risen about 40 feet when his engine cut out- Stalling his machine to avoid hitting the crowd, he made a sharp turn and crashed on to his left wing, jumping clear just as the machine touched the ground. He sustained nasty cuts abou*. the face, lost three teeth, and suffered f...