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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Aug 08, 1969
Page
4
BHP and Esso plan a MusseI Mussel well in the Otway Basin off south-west Victoria. It would be the fifth drill in the area, located 27 miles southeast of Port Campbell. Past wells there were dry, with two near the Victorian coast and others near the Harraconta field.
Carlton payout steady with a 6 percent interim dividend and an estimated final payout raising total to about 16 percent for shareholders on August 28. Net profit reported at 23,067 with entries from Iron Carlton land United Breweries and Victoria Thewery Py Eid a Tull-owned subsidiary, plus other earnings and adjustments.
Alliance Minate Holdings Ltd issued a new debenture and deposit note offering. The issue attracted over subscription of about 10 million dollars. The debenture carries a 20 year note rate of 8 percent, with a 20 year sale term. Investors subscribed about 54 percent on three month deposits and 6 percent on three month notes.
Rall Mutou Acceptance Ltd plans to issue nine million new shares at a premium, aiming to raise substantial capital after a profitable year. The market price around 81 30 per share and brokers report robust demand, with total potential proceeds near 1.5 million pounds.
ACI Electronics will be a new 10 acre ACT site firm near Notting Fill, Morash University area, forming ACT Electronics to serve the field of electronic equipment, temperature controllers, power switching devices, and related instruments. Sir Archibald Yell is named chairman of directors. plans include establishing a facilities program and appointing a general manager to lead the venture in 1970.
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