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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Aug 07, 1973
Page
6
Former Attorney General Tom Hughes and A M Greeron advised the conference of the National Manufacturing Industry Association that the governments 25 percent tariff reduction is invalid. They questioned the action as contrary to established procedures and called for independent inquiry before any further steps.
The Deputy Leader Ian Sinclair outlines a proposal to arrange Japanese wool industry leaders with Australian finance officials to develop wool, aiming to boost the industry’s supply and growth. Ken Clarke of the National Wool Secretariat notes potential funding and rural development benefits.
The Minister for Overseas Trade and Secondary Industry Dr Cairns announced over the weekend new Australian international tariff commitments. He said the values will cut preferential margins for New Zealand Canada and developing countries by about 28 percent, accelerating the move toward tariff reductions under the Australian international commitments. The plan aims to reduce preferential rates while aligning with NAFTA and other trade pacts, with refunds possible for overpaid duties and a phased implementation starting July 15 1973.
The Colonial Mutual Life Assurance Society Limited announces Me G. 5. Kaye as district inspector who will be available to act for the society's clientele in Canberra on matters relating to life superannuation and fire and general insurance.
Bougainville's mining venture faces debates over who gains from the first two decades of operation with E F Espie, chair of Mining Limited, noting tax and revenue distributions. He argues the project will yield substantial benefits for the country’s ownership and long term prosperity amid international finance scrutiny and local expectations.
Hopnome Wool Producers, based near Canberra, will move from fortnightly to weekly wool sales starting September 19. The change follows rapid demand and a push from shareholders for faster turnover. Industry observers expect higher volumes and a quicker market response as wool bales move through the new system.
Fragmentary note reports a Poseidon order valued at 1.3 million with names and amounts garbled. Possible references to Paetditt Li, Ray, lawder Sidilelee Hh Po Tid lye and Mele geperinns in hy fede 9ie Wada pen er station appear as corrupted entries. Further legible details required for precise entities and dates.
The article reports progress on extending mainframe memory for Health and Social Security computing, including add-on memory blocks from rival makers, upgrades to 9 rival manufacturer equipment, and plans for monolithic memory extensions. It notes tenders for data collection and input equipment for a National Health Insurance scheme, with deliveries by April 1974, and mentions manpower recruitment for ADP strength in Australia. The Social Security installation is projected to cost near 15 million dollars, with integration between existing systems and new components emphasized.
The National Library announced an April agreement with Canada's National Science Library to access a suite of computer programs. Tested at IBM Systems Development Institute Canberra, they will enable Australia to develop National current awareness services similar to CAN/SDI. Preparations forIntroducing a biological abstract base are underway.
ICI Australia will extend its Park plant in Victoria to boost capacity by 50 percent at a cost of about 52.28 million. Equipment procurement starts immediately with phased introduction over the next 18 months to improve quality, logistics, and materials handling. An ICL technical team will oversee development and a local team will design and manufacture the required equipment.
Ambiguity surrounds a Bunning issue announced yesterday with phrases about a five share bonus and potential recommen dation for shareholder ties at the September 24 directory listing.
A letter to shareholders from chairman Mr Goh Farrell reveals Peat Manik Mitchell and Co valued Federal Hotels shares at 17 56 each. The proposed bid from Suburban Property Day included cash and stock, with a cash per share around 0 30, while concerns were raised about the old capital structure and timing of shares being sold before a full reorganization. The note discusses likely effects on fully paid shares and the June acquisition of SUBS of Federal's capital.
Mixed moves dominated the Melbourne market with mining boards fluctuating and key players like Western Mining Corporation and Woodside Burs down while some ore and gold shares remained soft. Oil and cement sectors showed uneven activity amid overall thin trading and investor caution.
The Western Atira ian Argitate of Teche Aology has picked an order with International Computers Australis Ltd for the conversion of 1902A by IYOTA. The value is reported at approximately $150,000. The original installation at Want, Premises near Alensley began early in 110 replacing an older Brown WWOA system used for student education in computing. Over 24 years, enhancements added visual display units and teletypes, shaping its evolution for education and statistical work.
Univac unit Sperry Rand Corp reports first quarter ended June 30 1973 net income of 23502000 up 325 percent from the prior year. Revenues rose about 20 percent to a record 398005000 with Sperry Univac systems leading the gain as orders and profit expand across the company.
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