Yugoslavia attracts Western investment to boost vehicle plant
A World Bank IFC deal funds Yugoslavia’s TAM to lift output from 6,600 to 13,000 units annually by 1975 with an 80.5 million dollar capital outlook. The agreement, signed in London, includes 15 million in risk capital and 8.5 million in grants, pairing Western investors with state owned Yugoslav factories. The plan expands TAM’s Maribor plant to build diesel engines and city buses, creating about 1,600 new jobs and strengthening ties with Deutz, Renault, Fiat and Dunlop partnerships. The policy shift eases reinvestment rules and offers government guarantees to protect foreign capital amid Tito succession worries.
MENTIONED IN THIS ARTICLE
International Finance Corporation
The
World Bank
TAM
Yugoslavia
Ine Doal
London
International Investment Corporation For
IFC
Yuugoslavia
New Patterson
IFC Wold Ye
Tito
Deutz
Ital
Wales
Fiat
Renault
Litostra Sf Ljublana
Spooner told Senate he did not know funds were routed via Mineral Securities
The former Equity Funds of Australia chairman Eric Spooner testified before the Senate Select Committee on Securities and Exchange that he could not recall approving spare funds being deposited with King and Yuill Investments then Mineral Securities. He admitted awareness of large Mineral Securities holdings by the funds and discussed purchases of Aberfoyle and Cudgen shares, questions of propriety in a $5.6 million profit in consolidated accounts, and ongoing hearings on potential conflicts of interest.
MENTIONED IN THIS ARTICLE
Equity Funds of Australia
Spooner
Mineral Securities
Canberra
Senate Select Committee On Securities and Exchange
Rae Tah
Tas
Senator Rae
Mr Spooner
Australia
Rae
Bret Growth Fund
Aberfoyle
Puttc
Ing
Fiel
Aberfoyle and
Caigen
Mineral “Securities
Ofter
Mineral Securities Ae
Sharon
Senate
Rae Sant
Securitcn
Kobe River
NW Platinum and Mineral Exploration in Australia and Queensland
Northwest Platinum and Minerals Co reports ongoing platinum resource appraisal in the Pilbara region of Western Australia with sampling at Beaks Mountain Queensland and the Copness prospect. A four mile coal prospecting area near Rathdowney Queensland is granted while a joint venture near Blayney pursues base metals. Road construction to Gun Barrel Highway aims to cut travel distance and boost exploration efficiency.
MENTIONED IN THIS ARTICLE
Tyne
North West Oil and Minerals Co NU
Nidall River
Pilbarra
Western Australia
Beaks
Queensland
Rathdowney
Im Gueensland
Conlin
Wti
Gy Tanta Bria Arow Mingiats
Rk Rosea Spong Ing
Tampa
Linden
Tad Prev Lovely
Jason Oreehenly
Pany
Buriat
Atan
Wnees
Ge Nee Preak Company
Dwsis Sreary
Also Mentioned on This Page
Business & Economics
Anthony Sylvester
Terally
Maribor
Torrie
Bloeckner
Cologne
Dunlop
Yugosav Enterprises
Spanner
Land and Mineral Sccuriies
Nater Rag
Meral Securities Avert
Ig Ld Fanarchal Feliuion
Aberfoyle Cuicleen
Rabe Wiver
Cudgen
Aber Oyle
McMahon
Nestel
Hedley
Healey
Luis
Roche River
Ortvieen
Alottonie Cudgen
Thiess
Rew
Mondep
Geonie
Rac
X Pty. Ltd
East Street
Granville
Pennsylvania
Goldsworthy
Tamggeenimy
Minti TA
Shippal
Jim Ie Ah
Ar NL
Tve Seanoratin
David Jones
For
Kransky Continental
ARO Meat Produce CO
Queanbeyan
ACT Butchery
Garema Place Civic Centre
Hackett Butchery
Hackett Shopping