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CURRENCY CHANGEOVER from sterling system to decimals looms ahead for Australia. Government committee recommended switch be made in February 1963. Estimated cost: $67.5 million. New Australian dollar may be called an Austral...

Author: /time Magazine | Title: Time Clock, Sep. 5, 1960 | 9/5/1960 | See Source »

...Austral Seas. Three weeks later, the expedition reached the Pacific. Chronicler Andrés de Valdarrábanos tells what happened: "Captain [Balboa], going ahead of all those he was conducting up a bare high hill, saw from its summit the South Sea . . . And immediately he turned toward the troops, very happy, lifting eyes and hands to Heaven, praising Jesus Christ and His glorious Mother." Balboa knelt, commanding his men to do likewise, "and gave thanks to God for the grace He had shown him in allowing him to discover that sea." Later, Balboa and his men scrambled down...

Author: /time Magazine | Title: Books: Peak of Glory | 11/16/1953 | See Source »

...deal revived talk of Juan Perón's pet idea of an Argentine-led "Bloque Austral" (Southern Bloc), including Chile, Bolivia, Peru, Paraguay and Uruguay. The plan was temporarily shelved after Bolivians overthrew their pro-Perón Villarroel Government last July. But the Chileans, if they felt any fears of Argentine-domination, kept quiet about them. The press without exception praised the Argentine treaty, generally gave President González Videla high marks for starting the project. Said González himself: "There is absolutely no reason to fear Argentine economic penetration. . . ." Chileans obviously...

Author: /time Magazine | Title: THE HEMISPHERE: Cordillera Libre | 12/23/1946 | See Source »

...vegetables. He makes an average $6 a year selling cotton, the hides of cattle, yerba mat é(for Argentina's tea-like national drink) and tannin from quebracho. Politics is pretty new to him, and the big talk of an alliance with Argentina in a bloque austral is outside his world. But if Argentines, or anybody else, get fresh, he is perfectly confident that with a few other Paraguayans he can take care of the situation...

Author: /time Magazine | Title: PARAGUAY: A Parliament for Warriors | 9/23/1946 | See Source »

...flopped. The U.S. had stepped in, agreed to send Bolivia enough wheat to see the year out. Paraguay had slipped from under the Argentine thumb, showed some stirrings of democracy. Chile and Uruguay were going ahead with democratic election campaigns. Perón's dream of a Bloque Austral (southern bloc) had folded-for the moment. But Juan Domingo was still trying. Last week he signed a new trade treaty with Ecuador, got a preferential deal on natural rubber for Argentina's yawning tire factories...

Author: /time Magazine | Title: ARGENTINA: Ringmaster | 9/9/1946 | See Source »

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