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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Aug 07, 1964
Page
5
A Melbourne court today awaited a decision on contempt proceedings involving Korman. Justice Gillard considered whether to proceed with further questions and possible delays pending Privy Council review, amid allegations of refusing cooperation.
Australian businessmen back a grand design for intensive development across Pacific Basin nations. Details cited by Shr Edward Warren and committee plans point to a Sydney meeting August 11 with a September committee review. The press notes legal and financial personnel involved as the Supreme Court and Stmhill Development Finance discuss the plan’s stages and potential impacts.
Hobart reports outline a major three stage plan linking interwoven permits to map lower development and water resources across Tasmania. Premier Reece leads discussions on mineral potential, energy, and peaceful research, with aims to extend surveying near West Coast, Gordon River, and far south regions.
A rebel group of shareholders led by Thomas Scrase opposed a £3,125 million takeover bid for English Mills (Spartans). They seek representation on the board and challenge the appointment of new directors. They urge existing shareholders to oppose the bid on the London Stock Exchange.
Daily financial notes show leaders in mining and equities with prices and bids. The report records gains and easing across sectors, highlighting notable movements, unsettled prices, and activity from buyers and sellers in the market.
Melbourne trading opened quiet with weak progress as Secreto Seay South-east Aske and others showed limited activity. Prices drifted marginally with several industrials and chemical stocks cited among notable movers though overall turnover remained light.
In Sydney, Melbourne and Canberra on Saturday, stock option transactions are recorded with the number of shares and implied prices. Reports show activity varying by market, with prices cited around recent ranges and mentions of bid and ask levels.
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