Kathleen write-off and North West investment in 1972
Kathleen Investments Australia Ltd disclosed a 1.5 million write-off for its 1.549 million stake in North West Iron Co Ltd, owner of 50 percent Savage River Oro pellet project in Tasmania. The preliminary year 1972 report shows a 58.6 thousand recovery in audited group net profit to 452,976 with no interim dividend, amid ongoing project losses and prior write-offs totaling over 1.1 million.
MENTIONED IN THIS ARTICLE
Kathleen Investments, (Australia) Ltd
Northwest Iron Co Ltd
Savage River
Tasmania
Alesis
Kathleen
Northwest Investment
North West
NBHC Eyes Nickel Venture With Australia Inc in 1974
NBHC Holdings Ltd plans nickel production for export in the second quarter of 1974 pending a main decision next month. Frank Espie said the project would source ore from Redross WA with Anaconda Australia Inc as partner. He warned ore reserves may be insufficient for a major new mining venture and noted volatile metal markets and US stockpile plans could affect prices.
MENTIONED IN THIS ARTICLE
Nbhc Holdings Ltd
Frank Espie
Melbourne
Redross
Western Australis
Anaconda Australia Inc
Espie
US General Services Administration
Government appointee eyed for AIDC board seat
The Minister for Secondary Industry Dr Cairns will propose to Cabinet the appointment of Frank Pryor as the permanent head of the Department to join the Australian Industry Development Corporation board. A spokesman said the proposal’s status with Cabinet was unclear. Pryor would be the sole government representative on the eight member board, with other directors drawn from private industry. The AIDC’s charter changes seek to boost Australian ownership and economic activity, allowing it to act more independently and negotiate for equity in operations. Sir Alan Westerman warned that overseas approaches, including an offer from Rio Tinto Zinc, had been made and were being considered.
MENTIONED IN THIS ARTICLE
Nate
Espie
Frm
Boteseamville Copper
Avonmouth
Bniain
Sever River
Tost
Cairns
Department of Secondary Industry
Frank Pryor
Australian Industry Development Corporation
AIDC
Australian Economic Enterprise
Pryor
Alan Westerman
Conzine Rio- Ninta
Australia
Sea 10
Cras
Rio- Ninta Zinc Corporation Ltd
RTZ
Action to lift productivity urged to counter inflation
Mr Max Dillon, president of the Productivity Promotion Council of Australia, told a Melbourne meeting that a year’s resources could be more fully utilized as demand rises. He said cooperation between management and workers is essential, and intensified competition should boost productivity and efficiency. The PPCA, a coalition of employers, unions, government and professionals, pushes widespread action to use resources wisely.
MENTIONED IN THIS ARTICLE
Max Dillon
Productivity Promotion Council of
Dillon
Council
Melbourne
Cadbury Schweppes lowers profit due to non-returnable packs
Cadbury Schweppes Australia reports lower profits in its drinks division as non-returnable packaging grows. Notes show container value halved amid rising stock, with returnable containers written down to deposit value in first use year and a $543.29 charge against 1972 profits, plus a $1,733.1 write off as a deferred item.
MENTIONED IN THIS ARTICLE
Yerterday
Cadbury Schweppes
Australia backs stockpile plan to aid needy countries
In Paris Senator Wriedt said Australia favored an international food stockpile, aligning with OECD meetings. He urged closer OECD UN FAO cooperation to create a world grain reserve, balancing commercial agreements with real access for nations in need.
MENTIONED IN THIS ARTICLE
Paris
Australia
Wriedt
Organisation For Economic
Reserve figures show March end overseas holdings in Australia
Reserve Bank data put Australia's overseas reserves at 4246 million at official rates and 4037 million at market rates for March. The March quarter outflow, about 600 million, aligns with Treasury notes of private capital leaving, with January to March net outflow around 652 million based on preliminary imports and exports.
MENTIONED IN THIS ARTICLE
Australia
Reserve Bank
Marsh
Inflation Threatens Social Welfare and Deficit Path
The government faces inflation at about 8 percent in the first year, threatening the redistribution aims of social programs. Deficit spending undercuts the economy, with the domestic deficit projected at 382 million, six times the baseline. Monetary policy via SRDs aims to curb inflation but may have limited impact given easy liquidity.
MENTIONED IN THIS ARTICLE
Mudeer
Irvine
Messurer
Anil Seman Far Reid
Tse
Treaeyre
LCS
Tyne
Labor Wage Policy Sparks Debate Over Minimum Pay Rise
The government backs a $14 rise in the minimum wage amid inflation fears. Treasury estimates cite a $124.8 million yearly cost, but critics warn the model relies on unrealistic assumptions and question feasibility. Observers doubt full realization while metal industry awards hint at limited flow to others.
MENTIONED IN THIS ARTICLE
ACTU
Treasury
Feuer Public Service
Commonwealth
Sweeney
Eik
Wher Awandd
Meuse
Wig Hams
Metal Industry
Vents
Willan
Jolly
Also Mentioned on This Page
Morige Joint
Liberty Mortgage UN. Ply. Ltd
Angel House
Pitt St
Sydney
Weny Marina
Economic Wool Producers Ltd
Canberra
Gsp
Y Woolsrowers Tas
Jom Isaa
John P. Young & Associates
Nls.w.) Pty. Ltd
Commerce Hout
Arabant Avgrte
ACY
Innoneh
Weweastul
Arigrars
Headturiog
Perta
Hobart
New Zealand
Business & Economics
Kathlen
Conzine Riotinto of Australia Ltd
Gio Capital Finance CO Pry Ltd
Remingtons
Adters
Olivettis
Olympias
Royal Electrics
Litton Business Systems
Maryborough Street
Fyshwick
A.C.T
Royals
Smith Goronas
Hermes
And
Others
Warwick Bracken
Wealth Auditor-General
London
BHP
Cadbury
Cadbury Schweppes Australia Ltd
Milage
Larre Hoskins
Mort Street
Braddon
Tn al Cog
CeCe
Intercontinental Developmet Corporation Pty Limited
Vgel House
Pitt Sh
THE
Canberra Times
Elonoics
Coombs
Tariff Board
Me Whitlam
Bankstown
Contac Australian Overseas Finance Corporation Pty. Limited
Northbourne Avenue
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