Treasury cuts new loan rate in August issuance
The Treasury reduced August loan rates with the August 10 to 17 window. Securities maturing in November 1975 drop to 4.9 percent, October 1982 to 5.73 percent, and other short term yields align with lower market rates. Savings support the $982 billion State works and housing plan for 1972 73 while a conversion offer for holders of $218.46 million of securities maturing August 15 closes August 31.
MENTIONED IN THIS ARTICLE
Snedden
Treaury
Heciilies
Publi
Penate Co
Mutual Acceptance Ltd reports higher profit and dividend rise
Several investors plus businesses report increased profits and higher final or steady dividends for the year to June. Mutual Acceptance Ltd, Merchantile Credit Ltd, Formfit of Australia, Tensworth Financed, Ballarat and Western Victoria Television Ltd, Carlton Brewery Ltd, and Tiree 9 Industries Ltd all announce improved earnings, with final dividends and tax provisions outlined, alongside changes in receivables and depreciation.
MENTIONED IN THIS ARTICLE
Mutual Acceptance Ltd
Consolidated Met
RTF
Met
Tensworth
Ballarat and
Western Victoria Television Ltd
Carlton Brewery Ltd
ACI
Australia
New South Wales
New Zealand
Malaysia
Singapore
Thailand
Associated Minerals Consolidated Ltd reports annual profit and dividend
Associated Minerals Consolidated Ltd reports net profit of $1,740,760 for the year to June 30 and depreciation of $1,645,421. A final dividend of 24 percent is proposed, with 12 percent tax exempt and 12 percent out of taxable profits.
MENTIONED IN THIS ARTICLE
Associated Minerals Consolidated Ltd
Alliance Holddings Dad Sues Over Block of Chase Manhattan Shares
Share issue indicates Alliance Holdings Dad sues over 6 426 542 shares held by nominees of Chase Manhattan Bath NAL in New York at 140 dollars per share with a 90 percent premium. Case pits investor against bank over premium and capital value.
MENTIONED IN THIS ARTICLE
Alliance Holddings Dad
Chase Manhattan Bath Nal
New York
Winding Up Denied by Central Norseman Directors
Central Norseman Golf Corporation NL issued a statement denying reports it was considering winding up. The firm blamed confusion on Central Norseman Minerals SL and a reported notice by the Sydney Stock Exchange.
MENTIONED IN THIS ARTICLE
Central Norseman Golf Corporation NL
Central Norseman Min
Ing
Canberra Times
Belite
Wesferd Mining Corporation
Beih
WMC
Sydney Stock Exchange
Wily
Melbourne option broker expelled from stock exchange
Melbourne share broker Mr Philip W. J. North of W. J. North and Co was expelled from the Melbourne Stock Exchange for default under article 60. The firm, though small in clients, was a large dealer in options, and its troubles were linked to option dealing, including puts and calls.
MENTIONED IN THIS ARTICLE
Melbourne
Philip W. J. North
Melbourne Stock Exchange
North
W. J. North and Co
P. J. North
Stock Exchange of Melbourne Ltd
WJ. North and Co
Stock Exchange
Thiess coal project aims 250 million expansion in Nebo
Exploration by Thiess Peabody Mitsui Coal PropSet reports over 1000 million tons of measured indicated and inferred coal reserves in Nebo Queensland with plans for a 250 million export development. TPM to export up to 9 million tons yearly via Riverside Poitrel and Kemmis Walker Creek mines and rail port water facilities. Negotiations with Japanese and European mills indicate strong demand for coking and steaming coals within five years.
MENTIONED IN THIS ARTICLE
Thiess Peabody
Mitsui
Nebo
Queensland
TPM
Leslie Thiess
Brisbane
Dewift
Riverside
Poitrel
Kemmis- Walker Creek
Europe
Japan
Freighter and Eastralian plan $5m merger deal
Eastralian Securities Ltd announces a plan to merge its subsidiary Franklin Caravans Holdings Pty Ltd with Freighter Industries Ltd through a share and cash deal exceeding $5 million. The merger creates Freighter Franklin Ltd as the new vehicle, with Freighter Franklin issuing six million ordinary shares to Eastralian and offering Freighter shareholders one Freighter Franklin share plus 30c cash for every two Freighter shares. If completed, Freighter Franklin will have an issued capital of $5,110,427 and Eastralian will own 5.7 percent.
MENTIONED IN THIS ARTICLE
Australia
Mason Firth T McCutcheon Ltd
New Zealand
Alex Harvey Industries Limited
Glenorchy
Malaysia
Singapore
Thailand
New
Gainea Containers Pty, Ltd
Amalgamated Packaging (N.G.) Pty. Ltd
Indonesia
ACI and
Rothers
Pikington AE
Eastralian
Securities Ltd
Franklin Caravans Holdings Pty Ltd
Freighter | Industries Ltd Group
Fastralian
Franklin Ltd
Franklin
Easttralian
Nhulunbuy Gove Peninsula town of record breaking build
The Gove Peninsula project near Nhulunbuy, 400 air miles from Darwin, cost about 312 million dollars and created a planned population centre with modern housing, schools, hospital, and a 100 million dollar alumina plant complex. Construction began in 1968 with rapid progress and a focus on logistics, transport, and habitat planning. The town is designed around a central square, housing shops, library, clinics, and civic facilities, while industrial activity processes bauxite into alumina for global markets.
MENTIONED IN THIS ARTICLE
Nabalew
Australan
Nhulunbuy
Arnhem Land
I Fist
Swiss Aluminium Ltd
Europe
Japan
Gove
Melville Bay
Yirrkala Mission
Casadas Point
Nabalco
Australia
Grove
Cave
ACTL
National Safety Council
Nhulunsbuy
Melos Agius
Darwin
Alice Springs
Mt Morgan
Weipa
Mit Tsay Nhulunbuy
Agius
Whulunbuy
Dillingham Jennings Mainline
Nhulonbuy
Satoes
Ad Fire and Police Adinistrative
Northern Territory
Cain
Is Shares
Aborigines and Nabalco in Nhulunbuy project tensions
Aborigines at Yirrkala Mission near Nhulunbuy face land loss as bauxite seams extend over about 24 square miles while Nabalco promotes air conditioned housing to attract families and stabilize workers. Miners consume high beer and tobacco, yet Nhulunbuy offers mission grown fruit and vegetables and eggs from 3,000 hens on cleared land.
MENTIONED IN THIS ARTICLE
Agius
Nabalco
Nhulunbuy
Crove
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Mercantile Credit Ltd
Formfit
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Australian Consolidated Industries Limited
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