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News and Current Affairs.
Main Stories:
Extensive coverage of the collapse of the sale of Petrocorp to British Gas.
Petrocorp’s importance to the New Zealand energy supply is examined. Speakers: David Butcher (Minister of Energy), Bill Birch (Former National Energy Minister).
Richard Harman examines the political pressures on the Government surrounding the deal. Speakers: Richard Prebble (Minister of State Owned Enterprises), Jim Anderton (Labour MP, Sydenham).
The Prime Minister says a new buyer for Petrocorp should be revealed within 48 hours. Potential buyers, such as Brierleys and Fletcher Challenge, are surveyed. Speakers: Bruce Davidson (Commercial Lawyer).
Other Stories:
In the next few hours British Gas is expected to reveal the 35 page list which the Government has labelled unacceptable conditions. Meanwhile reaction in London newspapers to the cancelled sale has been hostile.
The Government has signalled moves to allow Sunday horse racing.
A man charged with two arson attacks on a duty free company has been named tonight, he is Charles Rex Hill.
The Government has been able to contact diplomatic staff in Tehran and been told all is well despite yesterdays Iraqi missile attack which damaged the embassy building.
NATO members begin a two day summit in Brussels in a few hours. Meanwhile George Shultz met King Hussein of Jordan. Speaker: George Shultz (United States Secretary of State).
Central Queensland is experiencing some of the worst flooding this century in the wake of Cyclone Charlie.
New South Wales police charged three people with a plot to hold the son of a wealthy businessman to ransom.
Peter Blake at the helm of the trimaran Steinlager One is racing down the East Coast of New Zealand tonight.
On the share market intrigue surrounding Petrocorp sent the Barclays Index even higher today, and increase of 36 points.
Worldwatch:
NATO allies are about to hold their first summit in seven years amidst fears of an increased Soviet threat and decreasing United States protection. Speakers: Margaret Thatcher (British Prime Minister), Volker Ruehe (German MP), Francois Mitterrand (French President), Pierre Lellouche (French Inst of Foreign Relations).
United Nations sponsored talks on the future of Afghanistan are resuming as Soviet troops are pulling out of the country.
Violence flared in Panama today, the first outbreak of civil disorder since the political struggle began their last week.
A report on the plight of Christmas Island where the Australian Government has recently shut down phosphate mines leaving many migrant workers without jobs. Speakers: Gary Punch (Federal Territories Minister), Gordon Bennett (Union Leader), Robin Wheeler (Christmas Island Police), Frank Woodmore (Entrepreneur).