AUSTRALIAN NEWS

Hokitika Guardian, 24 October 1930, Page 6

AUSTRALIAN NEWS

CAPTAIN MATTHEWS. GIVES A SPECTACULAR LANDING (Australian Press Association.) (Received 1.30 a.m.) BRISBANE, October 23. Captain Matthews arrived at Brisbane at 4.30. He thrilled the croud by looping the loop and with spectacular spiral dives. He eventually descended sharply to a graceful landing from two thousand feet. He was ovationed at the reception in the warmest fashion by aviation and civic authorities.

MR LANG’S THREAT

MELBOURNE, October 23

The 'Chairman of the Associated Banks, Mr Tranter, commenting on Mr Lang’s threat of taking away the banks charters, said Mr Lang was talking rubbish. The banks always helped Governments and commerce and were ever willing to do so to the fuleslt extent of their finances. BANK’S CLAIMS. ': CHARTER CANCELLATION. ' SYDNEY, October 23. -Mr Lang, the Labour Leader’s threat to break the power-of the trading banks, already cabled this morning, has been the subject of considerable controversy, and some anxiety. One promintnt banker, interviewed to-day declared that Mr Lang had no fill a lice of interfering with the constitution of the banks trading in New South Wales, because some of them are established under charters of special Acts of Parliament outside New South Wales, while those banks under the New South Wales law were working either under special Acts or under the Companies Act, and whatever effort he made to deprive them of their charters would have to be sanctioned by the House of Parliament. An interesting fact is that the depositors’ credit in the Government Savings Bank at present totals £50,723,561, while the deposits in the .trading banks and the Commonwealth Bank on September 30th. totalled £115;, 281,807. - ‘ Higher ;prices ruled on the Stock -Exchange to-dav for the shares in all of-‘the- leading local banks, despite the recent political utterances, hut it i g ireliably reported that there have been heavy withdrawals from the State Savings Banks.

BULLI SOIL

SYDNEY, Oct. 24

The Agricultural Department’s Chief Chemist commenting on Mr Baxter’s cabled statement yesterday, declares there are no poisonous properties in Bulh soil, which is no different from any other. Its value as a top dressing lay in its physical properties. federal politics. :...... CANBERRA, Oct. 24. When tile Federal Cabinet meets next Monday it is expected that-ef-forts will be made to impose a -tax on tea while a . section of the paity will urge' the Government to take steps to nationalise the banking credit. Two members, Anstev and Curtain, toured Australia lately preaching the. doctrine of Nationalised wealth claiming the existing present banking methods were obsolete.