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Tuesday 22nd October 1996

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International:

Australia appears to have secured enough international support to win its bid for a two year seat on the United Nations Security Council, Australia's ambassador to the United Nations, Richard Butler, said yesterday.

Speaking before the UN General Assembly was due to vote on the matter early this morning (Australian Eastern Daylight Time), Mr Butler said, "I think overall we will be elected, the response we have been getting from other countries has been very good".

Former Prime Minister Malcolm Fraser has been in New York for over a week shoring up promised support in the lead up to the vote.

Australia has conducted an extensive two year campaign to win the Security Council seat which it says will give it an unique opportunity to influence the UNs most powerful decision making body.

Canberra is competing against Sweden and Portugal for the two vacant seats for the UNs West Eurpoe and Others group for 1997-98. It's nice to know that we are considered "others" in the geography of the world.... that's what geographic isolation does - perhaps the net will change that, some day.

Political:

The Howard Government is still floating in the stratosphere over its resounding win in the seat of Lindsay. Siezing advantage of the moment while the Labor party move around like stunned mullets the Coalition has now released another strategy to shore up jobs and employment for Aussie battlers.

The move is in response to fears of a worsening outlook for job seekers in Australia. The move will involve the establishment of a high level employment committee in Cabinet.

Howard said the group, which will replace the existing economic committee, would co-ordinate the Government's policies to ensure it fulfilled its promise to create more jobs.

Mr Howard will chair the committee which will include Treasurer Peter Costello, Deputy Prime Minister Tim Fischer, Industrial Relations Minister Peter Reith, Industry Minister John Moore, Employment and Education Minister Amanda Vanstone and Schools and Training Minister David Kemp.

Independent Oxley Member of Parliament Pauline Hanson spoke out yesterday about the rumours of a pact between the Liberal and Labor Parties to remove her from her seat at the next election.

The "fish and chip lady" from Ipswich has dominated the political arena in Australia since her maiden speech in Parliament upsetting the professional politicians who must be feeling that she is getting the limelight and capturing the attention of the general population.

Hanson said that she was not threatened or intimidated by the threat as she believed that people recognised that she had the guts and the fortitude to address issues of concern not beating about the edges of a raging fire with a damp cloth like those in government trying to unseat her.

Spot on.

Business:

Queensland businessman Ross Palmer was unceremoniously dumped from the board of ANI at the AGM last night. His nemesis, Peter Joseph, won70.54% support while 66.08% of shareholders voted to axe Palmer.

The two directors sat at extreme ends of the long table on the stage at the Wesley Conference Centre and did not offer each other a cursory glance.

Mr Palmer said after the meeting that he had been trying to get to the bottom of an issue which had cost the company dearly in the past.

The board dissension stems from the 1991 acquisition of a German environmental business, ABT, for what seemed a bargain at the time of Au$2 million.

The purchase of ABT from Kerry Packer's Consolidated Press is now the subject of an investigation headed by Bob Elliott, QC, as ABT's European waste-to-energy projects have led to hefty costs and losses for ANI.

That name Kerry Packer seems to pop up everywhere. Last night we heard the inside story about Westpac being run down in the, Packer dominated, media while he quietly bought up their shares which dropped to as low as Au$2.20 during the run of the adverse publicity.

Suddenly the mood in the media changed and Westpac was starting to look like a winner, the share prices soared and Packer made a killing. BT, a major fund administrator, unknowingly at the time, went along for the ride - facing concern at first but then making a killing.

Personal trivia, from the global office:

Long day in the big smoke today. Beautiful outside... was cooler overnight but warm day ahead.


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