CBA to Buy Stake in IPC in Capital Restructure
The Commercial Bank of Australia plans an 11.8 percent equity stake in International Pacific Corporation, after capital moves double issued shares to 1.5 million. N M Rothschild, Charter Consolidated, and others gain stakes while existing holders adjust, IPC formed in 1967 and listed in Sydney and Melbourne.
MENTIONED IN THIS ARTICLE
Commercial Bank of Australia Ltd
International Pacific Corporation Ltd
Hordern
Tz and
Bode
Sydney Tockbrokers
N. M. Rothschild and Son Ltd
Charter Consolidated Ltd
IPC
International Pacific Corporation Australian Investments Ltd
Sydney
Melbourne
Burmah plans major interest in WA oil-gas
Burmah Oil plans to gain a controlling stake in Woodside Burmah Oil NL by merging Burmah subsidiary interests with Woodside Oil NL and Mid-Eastern Oil NL on WA North-West Shelf gas oil discoveries. The new Woodside-Burmah would hold about $150 million market value, finance $70 million exploration for two years, and seek 51 percent acceptance.
MENTIONED IN THIS ARTICLE
Burmah Oil Giant
Payers Eh Oi Company
Oodside Burmah Oil NL
Western Australia
J. G. Donaldson
Woodside Oil NL
Melbourne
Burmah
BOC of Australia Ltd
Mid-Eastern Oil NL
Woodside-Burmah Oil NL
North-West Shelf
Burmah Group
Britain
Woodside-Burmah
Woodside Oil L
Mid-Eastern
Woodside- Burmah
Woodside
BOC of Australia
BOC of
Australia
North-West
North Rankin
Scott Reef
Donaldson
Burmah Cadet
D. E. Floyer
Australia invited to join joint shipping venture with India
Mr Mohammed Yunus of India's Ministry of Foreign Trade proposed Australia participate in an international shipping venture with India and attend the Third Asian International Trade Fair in New Delhi next year. He noted India already operates many ships to East Africa, East Asia, Fiji and Japan and spoke of private or government-led joint ventures. He also commented on the Indo-Soviet treaty negotiations since 1965 and hoped for a deterrent effect on potential hostilities.
MENTIONED IN THIS ARTICLE
Mohammed Yunus
India
Ministry of Foreign Trade
Department of Trade and Industry
Australia
New Delhi
Leighton Profit Up to 1.2 Million as Turnover Rises
Leighton Holdings Ltd reports profit rising to 1.204 million after tax 1.149 million on turnover up 32 percent to 49.6 million for the year to June 30. Ordinary dividend increases to 17 percent, with a 9 percent final on increased capital. Directors expect 60 million turnover next year and note potential tax relief of 332,500. Mt Arthur Molybdenum NL samples assay 5.1 percent copper and 1.4 percent cobalt. joint venture stake eyed with 75,000 spend by December 11.
MENTIONED IN THIS ARTICLE
Leighton Holdings Ltd
Leighton
Leighton — Minin NL
Cloncurry-Kuridala
Mt Arthur
Molybdenum NL
Government wage policy urged by economic review
The Australian Quarterly Review argues the Commonwealth Government should lead by example with a wage and salary policy for all public employees. It calls on other public sector institutions to join in a common incomes policy to curb earnings acceleration seen in public service and academia. Unemployment sits higher, with 47,000 seasonally adjusted in June, while non metropolitan areas and smaller capitals near 2 percent.
MENTIONED IN THIS ARTICLE
Institute of Applied Economic and Social Research
Australian Quarterly Review
Australia
Adelaide
Perth
Hobart
Unemployment Rise and Fiscal Constraints Warn of Higher Jobless Rates
The review warns that without stimulus the economy will see rising unemployment, potentially over 80,000 by June 1972. It notes underutilised capacity across sectors and a widening gap between actual and potential output as the new financial year starts. Mining and investment in 1970-71 buffered when these were strong. Forward indicators show a decline in completed work and fewer tenders, making a cut in public capital expenditure especially harmful.
Move to retain Angela deposit
Mining partners Lang Hancock and Peter Wright warned Armco Steel Corp that legal action would follow if Armco occupies the Angela iron ore reserves offered by Western Australia. Hancock and Wright sent a cable to Armco president C W Verity in America stating they consider themselves legally entitled to the ore. WA Mines Minister Don May said Hancock Wright would not be repaid exploration costs incurred on the reserves from yesterday.
MENTIONED IN THIS ARTICLE
Lang Hancock
Peter Wright
Armco Steel Corporation
Angela
Hancock
Armco
C. W. Verity
America
Hanwright
Saswhem
Don May
Plan to cut stock delivery through clearing system
Senate committee heard G D Gilmour, former Montreal Exchange VP and now advisor to the Australian Associated Stock Exchange, outline a national clearing system. He described fewer deliveries, daily settlements, and a central depository to modernize and secure the securities industry at an estimated cost near $2 million in Australia.
MENTIONED IN THIS ARTICLE
Senate Select Committee On Securities and Exchange
G. D. Gilmour
Montreal Stock Exchange
Australian Associated Stock Ex
Seria
Gilmour
Australia
Canada
Australis
Fragmentary OCR Item From Local Paper
Readable fragments describe a small local notice or item with names and numbers. details are limited and unclear, but the item appears to involve a community matter or listing rather than a clear event or narrative.
Also Mentioned on This Page
Business & Economics
CBA
Pias
JPC
Yesterdy
Woodside Oil
Woodside Burmah
Mid-Eastern Oil
ROC of Australia Ltd
ROC Australia Ltd
Flower
Geean Resources
Nsw
Ida Eries
Queensland
Minaldhda
London
Poseidon
Rae
Lib
Tas
Inelbourne
Melbourne Exchange
Elbourne
Ead
Perce A
Canberra
Cimers
Erie & Mo
Times Office
Aicphae
Ceoberrs
Caserra
Sellin Volotm
Civics Bohmston Siwi
Glover
Inabie Seullin
Inabie Seullin Correos Wonca
Coriege Setberra Co
Taser
Seeunberan
Holden
Dunne
Anas
Belate Carrita
Aranda Spoor Cente
Chifley, Eet
Byadwick
Ampol
Carter Garage
Molongio Mall
Spock Bar
Orlane
Cate Paragon
Cate
Canberra Hospital
Kina Conk
Farrer
Hughes Shopping
Spdneyy
Tims Covallabie Af Moscot Alro
John Fairfan
Sona Lid Humer
Wrayard
Tor Hall
Central Railway
Atho
Coropewa Agency
Canperra Times
Lederman’s
Colina Street
Sowthern Crow Hotel
Lepot
Swanstone Street
Mitty
Rourke Street
Rourke Street, Newcpsper Howe Kleet, 34 Collins Street, McTithe
Elizabeth Street
Flinferm Railway
Tullonarine
Inhn Fairtow i and Lone Ltd
Collins Street
Tam
Sydney Morningerald
The
Australian Financiaal Review
Sydney Sun-Herald
Woman's Car
Pix
People
Electronics Australia
National Times
Ween
Sundeya
Canberra Dimes
Sun-Herald
Idantel
Carol
Des
Brett
Evans
Anne
Grahame
San Raymond
Fisher
Rorlyn
John
Sharon Lea
Doctor
Staf
McNamara
Hilda
Geoff
Sandra
McKenzie
Mary
Furn
Blair St. Watson
Bougainville St
Ainslie
Civic
Darrel Bruce
Foveaux St
John’s
Jardine
Weir
Mis Henrietta Weir
Canberra Ave
Forrest
Art
St.Raphael’s Catholic Church
Queanbeyan
Riverside
O'Rourke
Xotterill
Snowy
Kay
Jrozinger
Gustav
Dianne
Evin
Christopher
Marshal Peters
Dad
Michael
Macquarie Area
Black and Decker
Hilder St
Weston
Lady's Watch
Oris
Brown
Garema Place
Red Hill
South Coast Seaview Caravan Park
Broulee
Meruya
Beach Road
Batehaven
Blundell
Ue Jarra
Road
Herber Blundell
Golda
Norma
Barry
Lindon
Gordon
Ken
Trevor
Ivan
Jan
Beryl
Tame Rtar
Lee
Barry Drive Turner
Pater’ Collage
USA
ACA
Misa’ Assas
Powell
Sidney
Ellen
Jean
2B. Thorpe
Brien
Alan
Robert
Andrew
Her Ley Feet Tete College
Keith J. McDowsl
di Palmer College
Theodore Street
Curtin
Henrietta
Pem
Henri Freda
Hella Pingaith
Elizabeth
Kathie
Beet
Woden Valley
Flakiar
Thomas Henry Weir Joved
Leila
Hilton
Thelma
Mra Stewart
Freda
J. Hall
Elsie
A. Molony
Monica
K. Clothier
Barbara
R Koorey
Givens
Chilren
Ampbell
Campbell
Lyons
Phillip
Tanberra Home Management
Turner
Closeo
Ackett
URTIN
Hughes
Waramanga
County Real Estate Pty Ltd
City
Act
Agen
pApcEsbr. Fom
Falabe
Blackall Ave
Ochusanhengy
Cowper St
Urlin
Burnie St
Reynolds
Yarralumla
Voden
Lars
Ioy
Oppa Park
Ures Deve
Arrini
Norrens
Dell Flanagan
Eyre Chambers
Kion
T. E. Woodger & Sons
Monaro Stree Inbeyan
Alec Evans Pty Ltd
Crawford Street
David Walker
A.C.T. Social Club
Wattle Street
Lyneham
Rene
Whittaker
the Commercial Banking Company of Sydney Limited
George Street
Commercial Banking Company of Sydney Limited
Oe Racer
Arts
Graary
Frederic Peter Johns
Thair Gr Ty Blaxland
Robert Crichton-Brown
Memorandum of Association Seriatim
Orien
Mesagat
Bing
Seepee Meeey
Seeeee
Sydnay
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