AUSTRALIAN NEWS

Grey River Argus, 29 June 1945, Page 2

AUSTRALIAN NEWS

BANKING REFORM KM CANBERRA, June 28 M In. the Federal House, Messrs Holl Victoria), and H. An-(Country-Party, New South opposed -in committee a HHHMe of the Banking Bill that em- : the Commonwealth Bank to the policy of private banksadvances. A penalty of HHHwj is provided for the failure of bank to obey the Com’<’alth Bank direction. Opposition sought to limit the ■■■•nonwealth Bank’s directive to a statement on broad policy, iollowed by private banks. Mr. heatedly challenged the AssisMr. Lazzarini, to proevidence that a central bank in her democratic country had ■ to tell other banks for wnat ;<<advances might be made. ||||||||g||MH asserted that Government advances of private banks as menacing to Australian as V bombs were to me of Britain. zarini replied that the Gov--<C was determined that the would not be able to_ create depression by refusing to for essential indusby needlessly calling up BBHHbB^ S - During the last depresAustralian cotton manutacsuddenly told that he must his £750,000 overdraft by though his assets had greatWhile the overdrafts producers were being up, hundreds of thousands of were being made available construction of luxury pic■Kure 'shows. The Government would ■rknow -give the Commonwealth Bank B »pbwer to prevent such incidents. ■ EX-SERVICEMEN’S DEMANDS I, FOR WORK PREFERENCE B .• j: SYDNEY, June 28 B At a public meeting of 1,600 people ■ a resolution was passed unaniasking for the redrafting of ■V the) Re-establishment and Re-em-Bn jployment Bill with the assistance of Bl (ex-servicemen “to provide adequate B-\ rehabilitation.” Captain Alan StewBi i art, a returned soldier of the present B ' war ; said: “The present legislation is V. a hoax, swindle, conspiracy and oeI ti’ayal. Ex-servicemen will be plac"l e'd on a par with gangsters who oet‘ came wharf labourers to evade the call-up, and then pillaged supplies, ' •*?7ith striking miners and transport I workers. Men on the home iron! may have done a good job, but tney have been well paid for it. They should not need to be assisted under b this Bill-”' ' , \ / “Australian people demand preter-•'-Zence for returned men,” said MajorvT General F. A. Maguire. “We shall •‘call this Government to account at ii’ h' the elections if we don’t get it." ■Mr J Neagle, President of the New'South Wales R.S.L., said the i-^Krese».f..Bill- was a sample of bungwhich’ had gone on during Mr. Curtin’s illness. “The returned L ,soldier has a very good friend in Johnt Curtin.” he said, “but if tnere Bu-e to.be jobs for all as Labour MH-ish&s, why not let the returned at the head of the queue of at the tail?” F PLENTY BEER FOR BRITISH / ■ SERVICEMEN CANBERRA, June 28 servicemen in Australia will Brbe provided with 3.000,000 gallons of * beer during the next six months. The \ . beer will be supplied from normal production. .