TNT moves into armoured car security in Australia
TNT Armoured Express will begin in Sydney in October with six 200 horsepower armoured cars and a high security vault complex at Redfern designed for wire security. Ken Brown heads the division with expansion plans to other capitals, in partnership with International Computers Australia. Brambles and Brink's Inc. compete to break Mayne Nickless dominance, expanding through armoured trucks and a Sydney operation.
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Ken Brown
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Australia
International Computers (Australia) Pty Ltd
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Ken Thomas
Mayne Nickless Ltd
Brambles Industries Ltd
Brambles
Brink's Inc
Armoured Escorts Pty Ltd
Melbourne
Armoured Escorts
Board backs offer for Ta Industries to take over
Melbourne reports say the Board of POW Toalins approved Dypectors takeover offer from Ta Industries. The intention is to lend support and declare an interim dividend of 5% by profits of the last year. A second interim payment is planned with a cash rate of 230 per four POH shares.
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Imdustries Tid
Mi Melbourne Ovesterday
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Change of name for commerce chambers to Australian Chamber of Commerce
The chambers of commerce announce a change of name to the Australian Chamber of Commerce. The move aims to better reflect the national character and align with other national chambers around the world. President Mr Meville Blyten heralds the change and notes the new title at Yonge Street.
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BH South Denies Takeover Rumour
A Kathmandu style summary?
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BH South
Industry says no worse off under Labor after tariff talks
Printing industry leaders report inconclusive tariff discussions with the Minister for Trade and Industry. P O Owens vice president of the Printing and Allied Trades Employers Federation notes assurances sought that results of a three year inquiry into printed products be considered before tariff reductions. He cites a rift with the Liberal Party over the past two years.
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Howard Smith bids for Miller Miller shares at cash and paper
Howard Smith Ltd has made a formal counter offer for R W Miller Holdings shares at 2.50 a share or 2.70 in cash and paper, higher than Ampol 2.27 cash. The bid hinges on undisputed title to 4.5 million Miller shares allotted July 4 amid Supreme Court questions and pending legal actions. Ampol and Bulkships own a large stake and control 44 million Miller shares after the allotment.
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Eve
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Supreme Court
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Tse
Howard Seth
Service Information Aiews agented shops opened
Morning edition schedules show agented shops opening for Inter then Tam as Home edition notices complete the rollout. Tam finalizes the morning newspaper odes and edits pushes, ensuring timely distribution across outlets.
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Tam
Cork Reverses Bid With Nationwide After Cork Invest bid
Cork will bid for Nationwide Finance Ltd offering seven Cork shares for every four Nationwide shares plus 0.5p cash per Nationwide share. Directors announced yesterday that Nationwide has reversed the earlier reversed deal and Cork now leads the bid.
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Nationwide Finance ; Ltd
Cork Investments Ltd
Cork
Nationwide
Economists clash over Budget in Canberra discussion
Economists Peter Sheehan and Geoffrey Brennan criticized the recent Budget's approach to stagflation and welfare. They debated growth, inflation, and anti poverty measures, favoring sales tax cuts or means test reforms as more effective options for stimulating demand and aiding the poor.
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Geoffrey Brennan
Canberra
Economic Society of Australia
New
Aus
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Reserve Bank report on exchange rates and policy
The report argues a policy aimed at balance of payments equilibrium could improve price stability versus frequent surpluses. It notes capital movements and monetary policy must align to curb short-term exchange rate volatility, while favoring pricing and market mechanisms to boost efficiency and weigh the costs of direct controls.
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