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This newspaper page contains 14 articles. Subscribers can read the full text of each article.
Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Apr 08, 1966
Page
2
The article reports Mrs Harry Oppenheimer greeting reporters in Werth with a large diamond, mentioning Hiaunce, EOI, cowl, capper, steel and banking interests in Western Australia and Victoria. He notes no firm results yet but aims to form teams on the interment issue in Australia and comments on stability there.
A fragmented report notes no slow-down in world trade with buoyant signals in Europe and North America. It cites tentative recoveries in France Italy and the United Kingdom, while Germany and the United States face mixed indicators.
The British company owning 51 percent of John Lssault's steel firms in Australia warned recession in Australia could persist into mid year with some recovery later. Chairman R. P. Brookes noted weakness in 1965 followed by soft demand in appliances and motor industries. The group, including Guest Keen and Netteltads (Aust), expects better business in 1964 with focus on new exports in Southeast Asia.
Danish deputy director general af GATT, Mr Finn Gundlach, said Kennedy Round negotiations may restart in May with talks on chemicals in late April and steel and aluminium to follow shortly after. He noted progress stalled since last July, with France optimistic after Brussels decisions but overall community talks paralysed.
London reports sugar exporters outline a two stage price increase through December and January to strengthen minimum selling prices. The plan aims to raise world market prices and align shipments with an agreed framework, with talks referencing a formal mechanism for future prices and shipments.
London Metal Exchange prices tumbled as copper deliveries were disrupted by a 9 day holiday impact. Traders cited sanctions and delivery delays, with prices near 4740, while Zambia’s copper mines reportedly slowed production. A broad market reaction followed New York opening lower than expected.
Mr FP O Grady formerly Director General of Poland Telegraphs has joined the board of Siemens Industries Ltd adding a high level executive to the company leadership.
Murphy Richards plans to raise exports of Brik Sh electrical appliances to Australia New Zealand and the Far East by up to five percent within three years. This push follows a big sales drive by the UK firm as it expands its international market presence.
New measures to take effect May 1 extend the export ban to include copper residues spells clay dross scale sweepings ash sludge slime dust and wastes. Government ministers say experience shows firms abused gaps in export controls to reach established markets. Copper scrap and alloy shortages push prices higher amid a global shortage.
On the Sydney Stock Exchange a broad market uptick appears led by Ophea and ANG among listed firms as trading activity returns after a volatile morning. Analysts note gains across several sectors with notable upticks in NSW listings and energy related stocks.
In Sydney trading Santos rose on a firmer market while the All Ordinaries index inched higher. Investors rotated into mining stocks with Rises and Turnover up as 148 900 mining stocks changed hands versus 130 150 yesterday.
F. J. Palmer Holdings Ltd reported a half year to January with $65,000 profit after tax. Directors noted rising store numbers and expenses while outlining plans to liberalise export incentives. The firm highlighted a challenging year with investments, a growing capital base, and dividends to shareholders amid ongoing expansion.
Fragmentary OCR describes an unusual contract involving STC AYDNEY and a Pen Runentian east Dem Stald Telephos sulabies. Equipment valued high. agreement reportedly to be signed near Mobile and Piven, 17 miles apart. Details are unclear due to garbled text.
The Victorian Employers Federation urges the Federal Government to bolster export efforts through tax and duty relaxations. It backs extending payroll tax incentives, depreciation allowances, and special stock units to spur local companies and boost overseas sales, arguing current schemes are ill suited to the export market. The federation cites Victorian subsidiaries and traders as ready to grow with improved incentives.
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