Eastralian Cement Ltd Formed By APCM And A and K
A and K form a new company with APCM to study feasibility of a cement plant. Eastralian Cement Ltd will be jointly owned and directed by the partners. Planned capital expenditure is about 348 million dollars, with final capacity not yet set. This follows BHP bid to buy 60 percent of A and Ks ordinary shares at 1.58 dollars per share plus 60 cents per share for Se.
MENTIONED IN THIS ARTICLE
Eastralian Cement Ltd
Eastralian
APCM
A and K
BHP
Livestock Sales at Homebush Weak Prices Edge Higher
About 3,207 sheep were penned at Homebush with 490 grown sheep 1 946 lambs and hoggets and 77 packers. Demand was weak early due to industrial trouble but improved. lambs were easier to firm in places. Cattle section had 1,893 head, 1,166 sold, overall prices down with few top quality bulls and heavy steers steady. Prices listed for suckers lambs ewes hoggets and cattle. Market summaries note London financials and oil index unavailable.
MENTIONED IN THIS ARTICLE
Helfersmane
Weslers
Tribunal grants 43 more exemptions under Prices Act
The Prices Justification Tribunal chaired by Mr Justice L H Williams exempted 43 more companies from the Act's provisions. Exemptions extend only to notification requirements and may be reviewed or revoked. Notables include BHP, Australian Iron and Steel, Unilever, IBM, General Electric, Ansett Pioneer, Australian Paper Manufacturers, Bowater-Scott with subsidiaries. IBM and Unilever received targeted or tendering related exemptions.
MENTIONED IN THIS ARTICLE
Prices Justifica Tribunal
Justice L. H. Williams
BHP
Australian Iron and Steel
Unilever
IBM
General Electric
Ansett Pioneer
Australian Paper Manufacturers
Bowater-Scott
Smallgoods
Huttons Limited
Canada Ackers Ltd
Australian Bacon Ltd
Unilever Australia Pty Ltd
Foreign takeovers considered by Government
The Treasurer Mr Crean said yesterday that in July this year 39 cases were brought to the Government under the Companies Foreign Takeovers Act. Preliminary examination of 30 proposals was completed. 22 proposals were found to have no objection or not actionable. Further consideration was decided for eight proposals.
MENTIONED IN THIS ARTICLE
Mr Crean
R. I. Morison
Institute of Chartered Accountants
R. J. Monson
Cc Company
Annesure
Mitsui to Buy Half of AMAX Aluminium Interests
Mitsui and Co Ltd signs an in principle deal to acquire 50 percent of American Metal Climax Inc aluminium assets for about 125 million US dollars. The move strengthens Mitsui's role in Australian aluminium supply and raises questions about competition with Nippon Light Metals Sumitomo Showa Denko and Mitsubishi Chemical. The AMAX stake includes major links to the Mitchell Plateau project in North West Australia and a 20 percent AMAX stake in Mt Newman iron ore.
MENTIONED IN THIS ARTICLE
Mitsui and Co Lid
Amercan Metal Climax Inc
AMAX
Australia
Mt Newman
Mitsui
Citeh
Mitchell Plateau
Nippon Light Metals
Sumitomo Chemical
Showa Denko
Mitsubishi Chemical
Mitaui
CML Buys Key Western Melbourne Properties
Colonial Mutual Life acquires ten western Melbourne sites including Dominion Properties holdings. Two sites show a $1 million capital profit, while a third hosts the William Haughton wool, skin and timber group national quarters. Accounts note an $1.45 million purchase during 1972 revaluations and new western city record bids.
MENTIONED IN THIS ARTICLE
Dominion Properties
William Haughton Wool, Skin and Timber Group
Amen
CML
FCA posts 33 percent profit rise for year ending June 30 1973
Finance Corporation of Australia Limited reports operating profit of 5 449 315 for year to June 30 1973 up 33 percent from 1972 71 earnings of 4 095 120. It shows 22 2 percent return on average capital of 24 5 million and 15 4 percent on average holders' funds. Directors declare final dividend of 6 25 percent, total annual 12 5 percent with interim 6 25 percent paid in March.
MENTIONED IN THIS ARTICLE
Finance Corporation of Australia Limited
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