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Canberra Times in Canberra, Australian Capital Territory

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This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

Canberra Times

Location

Canberra, Australian Capital Territory, Australia

Date

Aug 12, 1971

Page

17

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.

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.

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.

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
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