Saturday 8th June 1996
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Mr Howard said that Australia had a "once-in-a-generation opportunity" to address the weaknesses of the economy to provide for a long period of "uninterrupted growth".
In the face of suggestions that Howard is breaking election promises to reach the deficit reduction target, Howard reiterated that, "Keeping faith with the public is the most important thing to me - it's more important than a numerical outcome." He went on to say, "I've placed a huge premium on keeping commitments. I don't accept that our fiscal goal and our electoral trust are fundamentally irreconcilable."
Personally I would trust "honest John" Howard over Paul Keating any day.
The meeting, known as COAG (Council of Australian Governments), will be attended by Howard in Canberra next Thursday.
A Au$200 million rescue package remains in doubt after the ASX last night pressured Australis to reveal more details about the deal so that the shareholders could be kept fully informed.
The ASX has stopped short of recommending Australis postpone the meeting scheduled for Tuesday however it has made it clear that it is seeking greater disclosure about the deal. This was despite Australis yesterday releasing financial details with its accounts for the nine months to March 31st showing a loss of Au$164 million .
In April a consortium of investors led by Kerry Packer's Publishing and Broadcasting Pty Ltd pledged loan guarantees to give Australis a six month life-line.
Jeff Kennett, the Victorian Premier, announced yesterday that the international sporting event would now be known as the Qantas Australian Grand Prix to at least 2001.
Kennett also confirmed that the race next year at Albert Park would be held on the weekend of March 6th to 9th securing the first race in the 1997 season.
A Qantas group executive general manager, Mr Geoff Dixon, said that the sponsorship deal would enhance the airlines "global brand" and would feature prominently in the company's marketing and promotional activities.
The only Australian destination that has risen in popularity is Ayers Rock which comes equal 29th with Mongolia! New York, Hong Kong, and Tahiti were the top three destinations followed by Paris and Cairo. The Gold Coast came in after Mongolia (can you believe that!) at 31st followed by Sydney in 37th spot and Perth 41st.
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