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Steven Wallace Shooting – Waitara Reaction – Russian Submarine – Interest Rates - ERB

STEVEN WALLACE SHOOTING: The Police Investigation into the fatal shooting of Steven Wallace is out. The policeman was acting in self defence. The report completely clears the police. This angers family and friends of Wallace. The family says it is not acceptable to be shot for being angry. The family has been consistently at odds with Police since the April 30th shooting. Wallace had been drinking but had not been taking drugs. The police report runs to 185 pages. Part of a transcript of evidence given by Constable A is read out by TV3’s Gordon McBride. Police concede that they could have provided comfort sooner to Wallace though the shooting was not survivable. For the Wallace family the matter will not be laid to rest. They are considering the possibility of a private prosecution. A lawyer who has been running an independent inquiry into the shooting says he has extra evidence which will be used he says. Police say that race was not an issue in the shooting.

POLICE SHOOTING WAITARA REACTION: In the wider community the decision not to charge has stirred strong feelings. Within minutes of arriving at the home of the officer a TV3 crew was moved on. Police reinforcements have been brought in. The police are asking for calm and good sense. In the streets the people do not appear to be happy with the decision with most saying it stinks.

RUSSIAN SUBMARINE: A second attempt to reach a submarine sitting on the Arctic seabed failed this afternoon. Families are waiting for their loved ones in port. The bow of the submarine has been severely damaged. The first and second compartments are believed to be flooded. The crew in the boat are thought to be in the dark. A British mini-sub is being prepared to help. American rescuers now think any rescue would be very difficult. A submariner rescued in the distant past recalls



INTEREST RATES: The Reserve Bank announced today there will be no increase in official interest rates but warned an increase could come later in the year.

ERB: The ERB completed its painfully slow passage through Parliament today. Handshakes and hugs for Margaret Wilson follow dire warnings from the opposition. The Government says that the bill will not cost jobs. The bill has taken 65 hours to debate. The filibuster went on and on. Dave Morgan was been watching. Robert Stewart of Skope Industries says it is now a matter of wait and see what attitude the unions take.

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