Well, another Melbourne Cup day and another announcement by the Reserve Bank on interest rates. Only, unlike last year the news this time is a welcome reduction instead of an increase, as it was a year ago. The RBA decided it was time for a stimulus to our economy and have lowered the benchmark rate by a quarter of one percent (0.25%).  Something I am sure all of us with a mortgage will appreciate in the run up to Christmas. It seems our 2 speed economy and general financial jitters around the world have finally warranted some action.

This month I am taking the opportunity of using this space to make a brief report on what the Kinglake Historical Society has been busy with over the last twelve months.

We have been involved in the VBAF funded project to replace the World War 1 and 2 Honour Boards destroyed in the 2009 fires.  While there have been various delays work is underway. Enquiries are continuing regarding the replacement of the World War 1 photographs, a more difficult process.  The Kinglake West Mechanics Institute Committee of Management has agreed to auspice the funding for the project.  We thank all who have given time to this project so far and we look forward to its completion, hopefully next year, with a special celebration when the boards are replaced and re-dedicated.