AUSTRALIA

Greymouth Evening Star, 20 May 1941, Page 5

AUSTRALIA

LOAN SUCCESS. [BY CABLE —PRESS ASSN COPYRIGHT.J (Recd. May 20, Noon). CANBERRA, May 20. The Commonwealth’s £35,000,000 war loan has closed. It was oversubscribed by £750,000. Mr. Fadden stated that the whole amount would be used for war purposes. Nearly 52,000 individual subscriptions were received. PETROL FROM SHALE. CANBERRA, May 20. Petrol produced from shale at Glen Davis, New South Wales, will be on sale soon. Already, 2,000,000 gallons have been stored, and are awaiting distribution. The petrol has been thoroughly tested, and good results have been achieved in motor-cars. AVAR RISK INSURANCE. CANBERRA, May 20. The Federal Cabinet has approved, in principle, of the personal war risk insurance scheme, under which every civilian in the Commonwealth will be covered. The Commonwealth will carry the entire financial burden. Compensation will be paid to civilians who suffer personal injury from enemy action in Australia. The proposed compensation comprises, firstly, temporary allowances to tide incapacitated people over their period of incapacitation; secondly, permanent pensions to people totally incapacitated; thirdly, permanent pensions to dependents of breadwinners killed by enemy action. The scheme could be brought into operation under the National Security Act in 24 hours.