Australian government ends open ended wheat price guarantee
Australian wheat growers face a shock as Senator Wriedt announces termination of the open ended guaranteed wheat price. The policy shift follows plans to renegotiate the Australian Wheat Industry Stabilisation Scheme and base future guarantees on probable world markets. Since 1948 a cost-of-production based price has subsidised the guarantee, with Treasury subsidies nearing 20 million since 1959. The change aims to curb high prices and reduce placing in poor seasons while limiting future guarantees.
MENTIONED IN THIS ARTICLE
Organisation For Economic Co-Operation and Development
Wriedt
Paris
Treasury
Way
Poo Seuat
Carnegie
AIDC
CRA
RITZ
Marken Cf Capitalisaion
RTZ denies offering 35 percent CRA stake to Australia
Conzinc Riotinto of Australia limited chief R H Carnegie rejected claims that Rio Tinto-Zinc Corp offered 35 percent of CRA to Australia. He said RTZ earlier proposed a 5 percent transfer to the AIDC, a move withdrawn after CRA’s charter restrictions and shareholder notice.
MENTIONED IN THIS ARTICLE
RTZ
AIDC
Conzinc Riotinto of Australia Ltd
R. H. Carnegie
Rio Tinto-Zinc Corporation
CRA
Sunhill on suspension amid cancelled Sunhill deals
Sunhill Corporation Australia reports Mr M Nivens cancelled the option agreements with Sunhill. Sunhill accepted the cancellation and requested the exchange reinstate its listing, but the Melbourne Stock Exchange said trading in Sunhill securities would remain suspended.
MENTIONED IN THIS ARTICLE
Sunhill Corporation
Lidl
M. Nivens
Sunhill
Exchange
Melbourne Stock Exchange
TNT plans $8.5 million takeover to expand North America
TNT chairman Mr OF Millar announced negotiations via Alltrans Holdings (Canada) for an option to acquire majority of Overland Western Ltd, an Ontario New York and Michigan trucking operator. If exercised, Alltrans would offer $21.05 for first preference shares and $54.20 for second preference shares, with ordinary shares subject to interstate commerce approval. Total cost could reach about $1.09 billion, expanding TNT across eastern states and toward the Detroit area.
MENTIONED IN THIS ARTICLE
TNT
of. We Millar
Overland Western Ltd
Ontario
New York
Michigan
Allirans Holdings (Canada) Ltd
Lune
TNE
Alltrans (Canada
Goce Alltrans
Pri
Overland
Millar
Canada economy to grow strongly in 1973 says OECD review
OECD's 1972 survey predicts Canada will see robust growth through 1973 while easing unemployment and aiming for price stability. It notes high unemployment since 1970, rising labor costs, regional disparities, and policy debates on wage and price controls, industrial policy, and manpower programs to align demand with capacity. The report stresses a mix of expansionary demand and regional industrial reforms to balance jobs and prices.
MENTIONED IN THIS ARTICLE
OECD
Canada
Segal
Attein
Canadia
Lou
Operatin
Ccunomics
Canula
United States
Rying Ma
Canmudla
Nike
Nwike
Wenern
Ban fails to cut price of wool
The wool export ban had little impact on markets as prices rose about 26e per clean kilo this week. About $80 million of wool sits on Australian wharves due to the Storemen and Packers Union strike over wages and handling methods. overseas buyers may hesitate if the strike persists.
MENTIONED IN THIS ARTICLE
Bram
Aund Packers’ Union
Melbourne
Brisbane
Bell Bros forecasts bigger loss for year to June 1973
Bell Bros Holdings Ltd of WA, a major heavy client and transport group, predicts a much larger loss for the year to June 30 1973 than the 1.6 million deficit already reported for the first half to December 31. Chairman D Bell released a detailed letter to shareholders outlining causes for the 3 million loss in the first six months, steps to correct the situation, and prospects. He warned of a potential takeover due to declining profits and discussed possible dividend resumption in 1973-74 under normal conditions. The group holds more than 2.2 million of assets. Mel Bell said the outlook for the remainder of the year is not good, though results should improve, with current reorganisation and capital-valuation efforts potentially restoring shareholder value.
MENTIONED IN THIS ARTICLE
Bell Bros Holdings Ltd
D. Bell
Bell
Bell Bros Holdings
Mel Bell
Goulburn lambs and sheep lift as market firms
About 1500 sheep yarded at Goulburn with prime lambs in good supply. Prime woolly lambs rose about eight percent while shorn lambs remained firm to slightly dearer. All classes showed a firmer trend with cross lambs, Merino wethers and ewes moving higher. Cross lambs heavy to best, $14 to $16.85. best medium $12.50 to $15.75. prime shorn $10 to $13.95. Merino wethers heavy $12 to $15.65. good trade $10.50 to $13. Merino ewes heavy $11 to $14.85. cross ewes $16.45. plainer types $5 to $8.
MENTIONED IN THIS ARTICLE
Goulburn
Injunction Granted Over A D L Takeover Bid
Mr Justice Walters granted an injunction restraining Australian Development Ltd from proceeding with a proposed takeover of Nobelex NL shares. Nominees Pty Ltd posted security for damages and shares trading was suspended after directors said they acted on legal advice amid a petition to wind up Australian Development.
MENTIONED IN THIS ARTICLE
Justice Walters
Chambers
Supreme Court Yesteray
C.G. Nominees Pty Ltd
Australian Development Lite Ram
Nobelex NL
Usted Ia
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Business & Economics
Australian’ Industry Development Corporation
Australia
Alan Westerman
AIMC
Tan McCormack
Maurice Mawby
London
Landen
Thomas Nationwide Transport Ltd
North America
CTC TV
the Godfathers
Robert Bruning
Anna Wolska
Ashley Grenville
Lucy
Viv
Tiajuana
Lucille Ball
Dezi
Lucy Armez Jnr
Tommy
Myer Music Bowl
Colleen Hewett
Doug Parkinson
Billy Thorpe
Canberra
Rependerby
Beach Head
Tony Curtis
Frank Lovejoy
Theatre OF the Stars
Ivan Denisovitch
Capital Finance CO Pty Ltd
Petrie Strept Civic Centre
Eric Andersons
Commonwealth
Commonwealth Gazette
G.us
Cnp
Warivfice Bracken
Economics
Feanenilee Council of
Camrads
Sail
Regio
Prices and Therries Commission
Sion
Commission
Bell Bros
Goulburn Sales
A.D.L
J. Javals
Jiang
C. Fergusen
C. I
Tryst
An.z. Bank
The
Stock Exchange
1AG
First National Guy Bank
Money Centre
TON Trerat
Pia
A.N.Z
Industrial Acceptance Corporation Limited
Man Street
Civic Centre
Exhibition Street
Sydney
Cnr
Carrington & Wynyard
George Street
Adelaide
King William Street
Perth
Murray Street
Hobart
Collins Street
Darwin
Mitchell Street
Port Moresby
Hubert Murray
Boroko
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