1United States President Ronald Reagan says he would welcome a Watergate-style investigator for the Iran arms scandal and maintains he had no knowledge of the deal that shifted some of the money from the arms deal with Iran to Contra rebels in Nicaragua. The Senate Intelligence Committee has begun the first formal probe into the secret arms trade. Some glaring contradictions are coming to light.

2A Sydney judge has ordered the British Government to hand over secret papers if it wishes to proceed with its application to have Peter Wright's spy book, revealing the inner workings of MI5, prevented from going on sale. Today, former Australian Prime MInister Gough Whitlam gave evidence in the long, drawn-out legal battle.

3New Zealand's trading deficit continues to widen according to figures released today. Meanwhile, a political row erupted today when Finance Minister Roger Douglas accused the previous National Government of falsifying the figures to hide the impact of Think Big.

4United States President Ronald Reagan says he would welcome a Watergate-style investigator for the Iran arms scandal and maintains he had no knowledge of the deal that shifted some of the money from the arms deal with Iran to Contra rebels in Nicaragua. The Senate Intelligence Committee has begun the first formal probe into the secret arms trade. Some glaring contradictions are coming to light.

5After fifty years as the bastion of public information in the United Kingdom, the British Broadcasting Corporation (BBC) is feeling the political heat from Conservative MPs who want the corporation to move into private ownership, rather than remaining in public ownership.

6The inaugural Rheineck Rock Music Award has been held in Auckland, attracting 100 rock groups who wanted to vie for the prize. However, there is some opposition to alcohol sponsorship of a competition of this sort.