Company formed to rent TV sets in Australia
The Australian Guarantee Ltd announced in Sydney that it would be majority shareholder in a new company to rent television sets across Australia. With Philips Industries Holdings and Flectrent Overseas Holdings, the venture plans $1 million initial capital and aims to capture a significant share of the growing rental TV market as colour transmission nears. Approval by government agencies is required.
MENTIONED IN THIS ARTICLE
Australian Guaranteetion Ltd
Sydney
Semerday
Australia
Philips Industries Holdings Ltd
Flectrent Overseas Holdings Ltd
Chrysler back on profit list in Australia
Chrysler Australia Limited reported an unaudited 419 417 profit for six months to May 31, aided by lower losses versus the prior year. Managing director Paul F Moore called the result satisfactory amid currency gains and strong demand for passenger and commercial vehicles.
MENTIONED IN THIS ARTICLE
Chrysler Australia Limited
Paul F. Moore
Chrysler
Moore
Base Minerals Ltd Faces Insolvency And Creditor Meeting
Directors of Base Minerals Ltd in Sydney announced the company cannot meet debts as they fall due and will call a creditors meeting to place the firm under official management. The Emmaarville NSW tin mine operation is halted due to lack of technical and financial support and government resistance to farm-ins with foreign partners.
MENTIONED IN THIS ARTICLE
Base Minerals Ltd
Sydney
Emmaarville Nsw
Blower to Increase Efficiency at Whyalla Steelworks
The Broken Hill Pty Co Ltd will install an extra turbo blower at its Whyalla steelworks for 1,410,000 pounds. The upgrade will push No 2 blast furnace to 15 psi maximum pressure, boosting operating efficiency and iron output. Tenders have been called from firms in Switzerland, the UK, Germany, and Japan.
MENTIONED IN THIS ARTICLE
Broken Hill Pty Co Ltd
Whyalla
No 2
Switzerland
Germany
Japan
Bell Bros to acquire Island Tyre Retreading Co
Perth firm Bell Bros Pty Ltd announced the acquisition of Island Tyre Retreading Co Pty Ltd, the largest independent tyre distributor in Queensland and Northern NSW, operating 23 years under the Macnice family. No price was disclosed. completion set for October 1, 1973.
MENTIONED IN THIS ARTICLE
Bell Bros Pty Ltd
Fterday
Insland Tyre Retreading Co Pty Ltd
Queensland
Northern
Nsw
Bell Bros
Macnice
Western Australia
Northern Territory
Sensible progress plan for Associa ted Securities Ltd
Directors of Associa ted Securities Ltd say sensible progress will be achieved in the current financial year. The expansion targets include finance real estate development and insurance with overseas investments to support long established portfolios. The Australian market remains the main funding source despite tighter overseas borrowing and higher interest rates. The company has negotiated long term overseas loans and secured standby facilities with global and local banks.
MENTIONED IN THIS ARTICLE
Associated Securities Ltd
Fonda
NZ food prices rise in first seven months of year
New Zealand food prices climbed 9,375 in the first seven months and were 11 percent higher than a year earlier at end of July. Government statistician John Lewin announced today.
MENTIONED IN THIS ARTICLE
Wellington
New Zealand
John Lewin
PFC growth rate continues rise in profits and dividend
Permanent Finance Corporation Ltd of Brisbane reports year to June 30 profit up to 1,230 dollars or 64.82 percent to 486,239 with depreciation up 49.39 percent and tax provision up 45.93 percent to 533,150. Major shareholders include Bank of Queensland Ltd and Queensland industries.
MENTIONED IN THIS ARTICLE
Permanent Finance Corporation Ltd
TLS
Rom
ABT Ritk
Tetroit International Corporation
Bank of Queensland Ltd
Queensland
Sharp fall in gold prices hits European markets
In London and Zurich the price of gold slid sharply, marking the steepest drop in two months. Dealers said the metal traded at SUSI an ounce, dragging the dollar higher in foreign exchange markets. The two main gold centers fell about 54.77 dollars from overnight levels.
MENTIONED IN THIS ARTICLE
London
Europe
Susi
Zurich
Oops
Lynn proposal to increase capital and change company name
Directors propose increasing capital to 2,000,000 and creating 4,122 new 40 cent shares. The company would be renamed C.D.L Developments Ltd. Shareholders will vote on these proposals and an amendment to the Articles of Association at an extraordinary general meeting on August 31.
MENTIONED IN THIS ARTICLE
David Lyon
C.D.L. Developments Ltd
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