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Canberra Times in Canberra, Australian Capital Territory

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This newspaper page contains 7 articles. Subscribers can read the full text of each article.

Newspaper

Canberra Times

Location

Canberra, Australian Capital Territory, Australia

Date

Aug 17, 1973

Page

3

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.

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.

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.

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.

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.

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.

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.

Finance Corporation of Australia Limited

Also Mentioned on This Page

Homebush Sales London Financial Wall Street Tribunal Aluminium Colonial Mutual Melbourne Oftlon Brokers Woodside North Kal- Smeem Wesiara Steel All Ordinaries PTY Ltd Commonwealth Bere FCA R. S. Turner Canberra Times Es ‘Cra Mewaagents Mille Johnston Tivee Proce Tore Rane Sareen Narrabondap Connor Hover Scullin Torrens Warsin Qbeyan Dunrea Dhervan Holdens Sirpon Kiosk Aed Oe Canberra Hospital Chifley Peter's Cook Shopping M. HL Canberra An Mee Bouliaras Theodore Houliaras O'Sullivan Street Higgins St Nicholas Kingston Canberra Alf D.A Canberra Avenue Osthas Lo Mall Nick's Snack Hughes Shopping Lachlansom Oeaston Cavcreage Pearce Cantremange Eetangere Eden Nowra Gewlburn Cooma Mascot Aitrt John Palrfax Hucfer Street Wroyard Ten Hall Cermra Corn Newsagency Janis Ta Metboeres Lederman Coltira Street Cremiel Culliré Book Depot Mame Streste Ee Rke Neraaper Hoos Cortina Street McGinla Elizabeth Street Tollamasing John Fairtas Lone Lad Cue Collins Canberra Fur Directors Afda Kinaston Donaldson, George Bovis New Patrcion Sydney Morning d The National Times Financial Review Sun San-Hereld Orran Dar Pins Onan Belle and Electronic Austral Sun-Herald Nellyng le Boldema George Dot Donaldson Geom Don Craig Scon Jodie-Lee Elly Sheila Dorothy Gran Salvage Ershaw Leslie Patrick Rita and Daugh Kershaw Bars Law Brian Charlene Leslie (Jr Ese Patrick Peter Dianne Lesie Patrick Dad Fay John Christopher Jeffery Civic Hughes Shops Curtin Cosgrove Street Higina Dickson Area Abraham Wendy Lisa Isi Vicki Leon Oldfield Kerrie A Dick Oo Fae Rebecca Anne Husawumsr Petra Gerry David Gerard Rouhker Adam Hyland Vease Anthony Maidment Fredo Bill Catherine Patricia Judy Louise Jule Kevin Candace Trevor Marion Graham Joanne White Ryan Sue Ken Convine William m Gill Street Harold Geoff Dore Juby Wal Sandley Eaa Oun Rick Cablaere J. Say Som Fry Parliament House FURN Bom Barton House al Feas Duffy Hughes Tomorow Dickson Giles Pw Inc Elec Weber Abis Parae Fouse John McLeay Wis M. Morassey Imal Poop Farrer Callal Beasley St Ifour Queanbeyan Pamifurg T. E Woodger Sona Monaro Arralumla Lava Hackett Hea Batage Ralph Taylor and Co Lac Ainslie Ave Garran Furnhouse Thetic Real Estate Pty Ltd Thetis Jamison Centre Bond Hill Embassy Ares Double Ory Cobby Street Campbell Ava Mo Groups K. G. Putt Ainslie Ea Osha Abo Bruno Supreme Co Robert Ian Morison B. Slattery Southern Vale Wines Pro Limited Montrose Wines Pty Limited Morrison Corporate Affairs Commission of New South Wales Standard-Waygood Limited Westinghouse Electric Australasa Limited Westinghouse Electric Australasia Limited Spa Og Electric (New Macphiflamy Cumin and Gibson, Solicitors National Mutual Centre Darwin Place Camberra City Ite Creek We Morrow Man Marco Foresttry Commission of Nsw Forbes Orden MINAL OTWAY_ CONSTRUCTIONS PTY LIMITED Uordinance Hamilton and Ferrier Accentants York Street Sydney Ember Anle Oak Street William James Otway Constructions Fyll Limited William James Hamilton Ieee Hamilton Ferner Jared Accountanta Nsw Australian Capital Eibinal Unicare Avenue Canberra City Rantein Elizabeth
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