Papua New Guinea to Receive New Commercial Bank Plan
The Commonwealth Banking Corporation backs a plan for a PNG commercial bank to absorb most existing Commonwealth Bank assets. The Bank of Papua New Guinea will become a central monetary authority as PNG moves toward self government by December 1. Australian banks may operate under stated conditions.
MENTIONED IN THIS ARTICLE
Commonwealth Banking Corporation
Papua New Guinea
Reserve Bank
Commonwealth Bank
Savings
Australia
Port Moresby
Bank of
Consumer credit laws takeover eyed by SA expert
An Australian Finance Conference executive warned that Canberra might seize control of State consumer credit laws. John Llewellyn speaking in Adelaide said SA's new act could set a national trend and trigger a Commonwealth takeover, with Territory leaders eyeing similar changes and Senate hints of stronger consumer protections.
MENTIONED IN THIS ARTICLE
Finance Industry
Commonwealth
John Llewellyn
Australian Finance Conference
Australian Institute of Management
Adelaide
Llewellyn
South Australia
Australia
West
Australian Capital Territory
Northern Territory
KO Enderby
Murphy
Enderby
Senator Murphy
Commonwealth Territories
Ceneral
Consumer
Dockrell No 1 well flow test reports gas and condensate rates
Woodside-Burmah Oil NL reported that drill-stem test number 1 at Dockrell No 1 exploration well flowed gas at 1,117 million cubic feet per day, with 755 barrels per day of condensate and 7.4 barrels per day of water. The test covered 2,980 to 2,995 metres (9,800 to 9,827 feet).
MENTIONED IN THIS ARTICLE
Woodside
Burmah Oil NL
Dockrell No 1
Whaling company defends policy amid moratorium debate
Cheynes Beach Holdings, Australia’s lone shore-based whaling station near Frenchman Bay, responds to a failed US bid for a one year moratorium by accusing conservation groups of exaggerating emotions and misleading public opinion. The statement rejects the idea that conservation efforts lack evidence and criticizes activists for overemphasizing emotional arguments.
MENTIONED IN THIS ARTICLE
Australia
Cheynes Beach Holdings
Hemisphere
Frenchman Bay
Alba Ty
Cheynes Beach
International Whaling Commission
Mt Lyell and Renison Profit Cut by Budget Changes
Budget changes to mining tax exemptions and deferred tax provisions force revisions of 1972 73 profits for Mount Lyell Mining and Railway Co Ltd and Renison Ltd. Mt Lyell profits fall 9.7 percent to 2 498 005 dollars, Renison down 6.1 percent to 1 635.78 dollars. The reductions affect undistributed profits and future expectations for CGFA and related earnings after exemption withdrawals on mining profits and mining dividends.
MENTIONED IN THIS ARTICLE
Mount Lyell Mining and Railway Co Ltd
Renison Ltd
Mount Lyell
Renison
TV Met
Consolidated Gold Fields Australia Ltd
SO Party
CGFA
Increased bid for Federal Hotels by City and Suburban
City and Suburban Properties Ltd raises its bid for Federal Hotels Ltd and notes Federal shareholders will not receive the final dividend declared for the year to July 1. It remains unclear if holders gain from the revised offer. The CASP cash and share offer is up by 5c and the offer for partly paid shares by 0.1c, with the cash alternative increased by 4c to Sec.
MENTIONED IN THIS ARTICLE
Federal
Ttc
Sec
Lombard Australia Ltd plans $4 million debenture issue
Lombard Australia Ltd announces an $4 million debenture issue and unsecured notes. Subscriptions open August 27 with oversubscription rights up to $A1 million. Debentures offer interest from T% to 84% for one to five years. Unsecured notes offer 6% to 8% for three months to four years.
MENTIONED IN THIS ARTICLE
Lombard Australia Ltd
Productivity forum debates energy crisis and technology
At the Productivity through Technology forum at ANL former Nature editor J Maddox argued the US energy crunch was largely artificial, tied to government and oil company policies. He urged new oil, nuclear power expansion, and smarter energy use to curb consumption while stressing that technology alone won’t raise productivity. Sir Paul Hasluck echoed this, stressing manpower skills, management, and industrial relations as essential alongside technological advances. The forum, organized by the Productivity Council of Australia, continues through today.
MENTIONED IN THIS ARTICLE
J. Maddox
Nature
ANL
United States
Alaska
Trecheerey
Pricing threat to BHP slows Australian steel growth
The company's General Manager R G Ward warned that national pricing policies risk delaying investment in new plant and dampening productivity. He said continued depressed steel prices could cause Australian tonnage to lag overseas rivals and harm Australian steel users.
MENTIONED IN THIS ARTICLE
BHP
R. G. Ward
Turing Enterprises
High price at EWP sale in Canberra
Economic Wool Producers Ltd offered a Canberra sale catalogue of 3400 bales drawn from all mainland States. Four percent sold to the trade while the rest were passed. Buyers included Japan Cominent Eastern Europe America and local mills. A 21 micron fleece premium featured and top price reached 366.505 a kilo for 18.7 micron wool from Yass. Second price was 346.50c for Australian wool.
MENTIONED IN THIS ARTICLE
Economic Wool Producers Ltd
Canberra
Australia
Japan
Europe
America
Yass
AR C Profit Falls to 2 Million in Year End
ARC reports a 2 million dollar profit for the year to June 30 after tax and depreciation charges. Directors declare a final ordinary dividend of 4 percent, keeping total distributions at 12 percent. Marlow Holdings posts 408 086 profit for year to June 30 with provision for depreciation and proposed 9 percent final increase. John and Hatterley Ltd announce 259 8135 profit for year to June 30 with final 6 percent dividend, keeping total 10 percent for year.
MENTIONED IN THIS ARTICLE
Mar Eee Lid
Ao Marlow Holdings
Toli Et Nee
M. B. John and Hatterley Ltd
Melbourne wool sales buoyant as prices rise
Melbourne wool sales yesterday saw prices up about two percent from Wednesday. Competition appeared broad with major buyers represented, while European interests showed limited participation. The Australian Wool Corporation was less active in the buoyant market as the trade took about 93 percent of the offering and a small portion was withheld or reserved.
MENTIONED IN THIS ARTICLE
Melbourne
Mos
Easera Europe
Gain
Thee Australian Wool Corporation
Syne It Wader
Ge Awc
CASP Offer Falls Short of Federal Hotels Value
Last year CASE shareholders received a 34 percent bonus dividend from capital profits. ASP directors have not disclosed final dividend plans this year. An interim rate was declared earlier. Despite CASP's small increase, the offer remains well below Peat Marwick and Mitchell's independent valuation of Federal Hotels shares at 7 percent.
MENTIONED IN THIS ARTICLE
CASE
Alsa
ASP
Federal
Peat Marwick
Mitchell
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PNG
London
Mir Enderby
Dockrell
Whaling Company
Internavional Whaling Commission
Lyell
Might
Federal Hotels
Lombard
Alth
Australan
Remington
Productivity Forum
Congress
Sir Paul Hasluck
A.R.C
Jr. Marlow
Scaes
M. B. John
Western Livestock Ltd
the Charman
The
Australian Guarantee Corporation Ltd
Robert Wilson
Cairns
Sir Robert
Company
Porthern
Eweneeer
Curt, Wess
Wayne A
Fered
Mam, Dan Cheryl
Rom
Cannes
Ssuitin Forrer
Yatralume Drepan
Molder Aleph
Amnol Gate
Laie Garage
Molainghs Wal Sch
Orlane
Cate Cal Cate
Dughew
Achlan Coygo
Dawson Shopping
Aacering Veal Ance
Vormange
Shepein
South
Coan
Nowrm
Palhurr
Cooma
Ovallapie
Fairies Ag
Cen
Ae Mallene
Ale
Clube
Buttriss Strong
Tol
Heather
Garry
Warren John
Alan
Neil
Maher
Maree
Peter
Narelle Frances
Russell
Harvey
Barbara
Aidan
Shane
Anne-Maree
Sulivan
de Bears
Johanna
Ian Ao
Catherine Virgin
Huth Well
Hompson
Gadd
Sue
Pat
Robert Andrew
Bathbay
Dastine Sharelyn Rose
Dad
Robert
Lee-Anne
Smith
Sharelyn
Nanna and
I Parr
Thurling
Judy
Watson
Marjoherma
Princem
Verna
Betsy
Mary
Pearce
Ami
Barton House
Hackett
FURN
Gail
MNICE
Gils
Kingston
Macquarie
Nicholas St. Downer
Ph KY Com Pty Ltd
Kangaroo Valley
Reid
Weston
Curtin
Allen Curtis and Partners Ltd
Woden Plaza
Queanbeyan
Monaro St. Cannella
Rivett
GORY
Cook
Lovely View
Executive
Deli An
Sipadong
Garay
Braddon
Real Estas Pry
Lic
Northbourne
Howe
Thopa
Capital Finance CO
WY Peimie
Andersomy
Ove Munday-Frdevion
Gauberra
Attenton
Genete
Allneesemt
Ie Pyke Sau
Mem
Asbestos Engineering
Limi
BBA Group
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