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This newspaper page contains 11 articles. Subscribers can read the full text of each article.
Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Aug 09, 1969
Page
11
Washington observers report heightened chances of the United States lowering its wheat selling prices on Far Eastern markets as Japan opens its import market to all suppliers. The move expands competition and could influence U S price policy.
Australian United Corporation reports year to June 30 earnings of 1.57 million with record profit, maintaining a steady 10 percent dividend despite a capital increase. Ordinary and participating shares show improved earning rates, while the British wool broker group plans a final 2 percent dividend.
Dalgety lifts net profit to 5.1 million for the year with a record group result. Profit after tax compares favourably with forecasts, despite a retroactive wage award charge not allowed in the estimate. Directors note profits exclude three recent acquisitions whose share issue increased dividend cost by 0.673 million.
Caltex Petroleum selects Sydney for its new International Technical Center Pty Ltd to house engineers and chemists from Australia and several nations. The unit will coordinate R and D, labs, testing, and lubricant blending with Caltex refineries in Australia and overseas. Ralph Albright named managing director with a 10 percent annual dividend to be paid to shareholders on September 16.
Private committees from Japan the United States and Australia will hold a two day conference in New York on September 23 and 24 to finalize a plan for private economic co operation with Southeast Asia. They expect to announce a joint statement at the meeting outlining the Southeast Asian Development Council to coordinate multinational aid.
Canberra reports that the scheme to create Special Drawing Rights or paper gold could be established now that enough countries have deposited participation instruments with the IMF. Treasurer McMahon said a first allocation might be decided at the IMF Board of Governors meeting in Washington on September 29, with Australia ready to strongly support the move.
Omega Oil NL reports extensive zones of nickeliferous ultrabasic serpentinite at Vandal 230 miles north of Kalgoorlie. The well reached 1742 feet NE of Niella 1, with a joint venture partner Kia Ora Gold. Dividend climbed, profits up, and a new Lake Systems group to expand nickel prospects.
The map details a cold front south of Fasmanin moving east as rainfall accumulates across coastal NSW. Readings include 1 inch at Aidam and 24.60 inches at Al7pmy town over 24 hours. highs near 1968 levels in the 90s, with showers and possible fog. Northwest winds shift to southwest as a trough enters the North Tablelands and southern slopes. Temperature swings, barometer readings, and scattered showers are noted across districts including Moruya, Narooma, Eden, and Charita.
Industrial Acceptance per cent for 12 months 6 Corporation Ltd increased some interest long term second rank rates by L per cent for two years latest debenture issue. Ten-year first charge for six years debenture interest is up. The firm plans to issue prospectus next Thursday. Interest on eight to nine year currencies is up from 7 to per cent. The cash sought was not disclosed.
Robert Bryce announces a major corporate decision affecting Australia’s finance sector. The plan involves restructuring holdings, registering shareholders in Canberra and Sydney, and offering short-term rate options for first-shareholders. Transfers and stock options are outlined with percentage ranges and three month holding periods.
Radio and television schedule details for Goulburn and surrounding areas cover Saturday and Sunday programming across multiple channels. The listings include talk shows, racing roundups, sports broadcasts, musical programs, news updates, and special segments with times and program names.
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