AUSTRALIAN NEWS
AVIATION FORECAST
COMMERCIAL SERVICES
(Australian Press Association)
(Received this day at 9.25 a.m.) SYDNEY, March 7.
Colonel Brinsmead, Director of Civil Aviation, forecasted in a few years Australia would probably see in commercial services giant air machines of the Dornier type with a wing span of -a hundred and fifty feet and of great capacity. In four years time there would be services to India, South Africa and probably Australia from Europe, with machines carrying sixty to eighty passengers. COMMERCIAL. MELBOURNE, March 7. Wheat, nominal 4s Bd, flour £ll ss, £ll 10s, bran £7 15s, pollar £8 ss, oats 3s, 3s 2d, barley (English) 3s lOd, maize 6s 3d. TRADE BALANCE BAD. (Received this day at noon.) SYDNEY, March 7. It is now practically impossible for Australians to take holiday trips abroad. This amazing state of affairs is due to the high rate on the London exchange, and the decision of the Commonwealth Bank to prohibit the cashing of Commercial notes overseas. This difficulty has arisen by reason of Australia’s reduced exports of primary products, which are realised on in London and provide our oversea balances. Miese have become depleted, and a reverse balance has been increased by heavier imports. Moreover a substantial increase in official rates is likely in the near future.
TAXATION LAWS
CANBERRA, March 7
Following a caucus meeting, it was stated there was no likelihood of further increases in direct taxation. Nevertheless important amendments to the general taxation law is foreshadowed. Further tariff duties are also contemplated.
Another taxation proposal Govern merit confirmed was an additional petrol tax of two pence half penny per gallon.
FEDERAL PROPOSALS
SYDNEY, Mnr-li (5
Tt is understood the Federal Treasure’’. Mr Theodore, is preparing proposals for cabinet to establish the Commonwealth Bank ns a central reserve bank with branches in every part of Australia, the main idea being to enlarge the credits of primary producers giving the fullest impetus to tlie export of wool.
ENQUIRY ORDERED
SVDXEY. Morch <1
The Federal Minister of ITcn u h Imordered an inquiry into complaints bv the Aornngi passengers concerning the conditions of quarantine.
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Hokitika Guardian, 7 March 1930, Page 5
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352AUSTRALIAN NEWS Hokitika Guardian, 7 March 1930, Page 5
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