STOCK EXCHANGES REOPENING
The New Zealand Stock Exchanges will reopen tomorrow after the Christmas holidays.
MOTOR FUEL FROM WHEAT.
Australia's first grain distillery, for the production of power alcohol, used as a substitute motor fuel, was opened at Cowra, in the New South Wales wheat belt, last month. More than 3,000,000 gallons of power alcohol will be produced each year from about 1,250,000 bushels of wheat. Three other distilleries, each of the same capacity, will come into production at four monthly intervals in Victoria, South Australia, and Western Australia respectively. The complete programme of four distilleries producing 12,000,000 gallons a year, will cost £1,500,000.
The Minister of Supply and Shipping, Mr. Beasley, who turned a tap and filled the first railway tanker with fuel produced in the distillery, said that the Commonwealth Government had initiated the programme because it? realised that Australia Could not afford to be dependent upon supplies of imported liquid fuels.
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Evening Post, Volume CXXXVII, Issue 8, 11 January 1944, Page 3
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154STOCK EXCHANGES REOPENING Evening Post, Volume CXXXVII, Issue 8, 11 January 1944, Page 3
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