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This newspaper page contains 12 articles. Subscribers can read the full text of each article.
Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Aug 08, 1970
Page
11
A damaged OCR note hints at unease surrounding a van acquisition. The readable text mentions concerns or questions about the vehicle, its purpose, and potential implications. No clear names, dates, or organizations are present in the fragments.
International Nickel Co of Canada found Wingellina in Western Australia uneconomical. South Western Mining Act noted that despite large early bets and rising share prices, irregular ore and low grade, plus remote location and infrastructure costs, undermine feasibility.
Melbourne based Rule Investments Py Led announced a $368,640 offer for Ballarat Woollen and Worsted Co. at $1.60 a share, well above the 85c market price. Chairman Harry Winticot said the offer reflects tangible assets of about $325 a share. net profit declined to $12,972 for the year ending September 30.
J Robler and Sons PLC reports a modest rise in net profit for the year ended June 30, 1967, with consolidated net profit up from 123,195 to 128,000. Dividend remains at 14 per share, while taxation climbs from 62,160 to 74,388 and depreciation to 47,077. Group sales grew about per cent despite higher costs and competitive trading.
Australian exports to the Chinese People’s Republic rose to about 263 percent of 1968 levels, reaching 519 million Aussie dollars in 1969. The External Trade Organization and Jetro survey attribute the gain to higher purchases by China, with earnings strengthened by capital efficiency. Canada and Argentina show weaker profits after adjustments.
The Statistics Bureau reported that July 1970 marked the first month of the 1970-71 financial year with exports at about 408.4 million and imports at 381.9 million, an excess of 26.5 million. In seasonally adjusted terms exports were 387.1 million and imports 353.5 million, with three month comparisons showing a 101 percent rise in exports versus the prior quarter while imports were under three percent higher.
A preliminary report to the Sydney Stock Exchange shows depreciation figures plunging from 15,324,000 to 311,000 Yesterday. The document mentions a dividend and outlines an intended final dividend of per cent on September 23, totaling 12 per cent for the year.
McDonald Industries reports consolidated profit rising from 521000 to 602000 for year ending June 30. After tax profit stands at 136422 up from 104961 with depreciation 5792 vs 4849. Total dividend including final 74 percent remains 18 percent, with finals paid October 9 to shareholders registered by September 25.
Perc y 2H Holdings and its principals Syd Ty and P Marks complete a company sale. The ownership shift ends the controlling stake, with Ty and Marks exiting their roles as part of the transaction. The buyer assumes control and ongoing operations.
A offshore well near Tasman appears to have drilled into a structure with oil shows and gas potential. The rig will move to the Khronan structure while Divana No 2 site selection is finalized. New Zealand Aquitaine Petroleum Ltd and Taxman Petroleum Ltd hold 50 percent each.
The Australian Shareholders Association NSW criticizes recent share placements and farm-outs tied to oil and mining, urging that any approvals follow a proper Companies Act process. They warn such maneuvers dilute shareholder value and favor insiders, calling for clearer disclosures and equitable treatment of all investors. The ASA cites Union Oil Development and Lefroy Minerals as examples, urging investors to push for transparency and proper legal oversight before next meetings.
Northern Rivers Television Ltd will continue relaying NRN Il programmes via the East Coast Television Ltd transmitter at Middle Brother Mountain. Receiver Mr A Butterell of East Coast confirmed the relay continuation as part of an offer by Northern Rivers to maintain transmission through EC.
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