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This newspaper page contains 9 articles. Subscribers can read the full text of each article.
Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Aug 10, 1965
Page
6
The Reserve Bank reports a weekly fall in foreign reserves of £13.9m to £627.2m, following prior declines of about £0.5m and £4m in the preceding weeks. The article notes the year’s average weekly loss and hints at broader pressures on reserves, along with commentary on drawing rights and potential future movements.
Sydney stock market shows muted activity with a general investment drift as prices ease. Heavy turnover remains limited with minor gains and losses across sectors, led by mining shares which closed steadier amid cautious sentiment.
Sydney reports show Consolidated net profit of LJ Hooker Investments Limited rose by £31000 to £405000 in the year ended June 30. The preliminary statement released today notes improved earnings and continued expansion.
Fragmented OCR text reports dividend discussions, profits, earnings, and price effects across multiple entities. It mentions director comments, increased profits, reduced war prices, and a consolidated cash position with various figures such as 515,500 and 159,706 amid drought and market changes.
Esanda Grom stands out in a list noting a gain of £162,879. This rise equals 11 percent and sets a record for the year ending in late period. The directory confirms the figure as the main item in the summary.
NZ company Cropper foldlines Ltd of Auckland held a 1 per cent stake in a Sydney firm. Chairman Mew PL Crapper briefed shareholders at a May meeting, stating the purchase was arranged to secure a stake, with managing agent Hien Am named after a January engagement for Thomas French Sonas (Aust) Pty Ltd, a curtain rack and textile maker.
Sydney reports Australia may start manufacturing cigarette paper by year end via Wiggins Teape Australia. The sales director, Norman Allsop, notes hemp-based paper would be used, with production at £10,000,000 facility near the Shenthoven River. Also reported are financials, stock movements, and obituaries including Leon Samuel Snider.
An overview discusses a shift toward cooperative ties between government and private industry in the United States. It notes voluntary restraints by American banks, growing government collaboration with business, and a range of reforms aimed at stabilizing markets, social programs, and national prosperity. The piece cites examples from aviation, insurance, and hydropower projects and weighs concerns about government influence versus private enterprise. It highlights a broader debate on how public and private sectors can share responsibility for economic health and social welfare.
In a chaotic note from Pioneer Coroller and Colorane Moldings Limited Tampa directors, a dispute over a proposed deal with Farley Lewers arose. The corollary claims non compliance and hints at a potential binding contract if shareholders approve, while counsel notes the decision could affect the company and its parties.
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