Associated Pulp and Paper Mills profits rise despite payout cut
Associated Pulp and Paper Mills Ltd reports consolidated net profit for the year ending June 30 rising to 4,997,391 from 4,102,953, while dividends are cut from 11 to 8 percent. The 1970-71 result includes Wiggins Teape Australia profits after a last year takeover. traditional assets show slowdown with half-year and interim figures indicating weak performance. Final dividend is 4. per cent payable October 29. issued capital increased to 17,030,000 via joint subscriptions by First National City Bank and Waltons Ltd.
MENTIONED IN THIS ARTICLE
Associated Pulp and Paper Mills Ltd
Wiggins Teape Australia Pty Ltd
Associated Pulp
Wiggins Teape
Satecon
Troon
Wiggins Teupe
Wiggins
First National City Bank
Waltons Ltd
Commercial Banking Company of Sydney Ltd
Reserve Bank eases foreign exchange curbs in Australia
The Reserve Bank announces expanded transaction ranges for banks dealing in foreign exchange. Banks may cover forward positions from forward contracts with customers on trade and current account deals, reasonable traveler needs, and contractually due amounts from Australians tied to pre August 16 transactions. Cover facilities extend to spot and forward positions in sterling, US, and Canadian dollars up to three months, at advised rates.
MENTIONED IN THIS ARTICLE
Reserve Bank
J. G. Phillips
Sydney
Eee
Phillips
McMahon
London
Australian dollar tied to pound in daily policy statement
Prime Minister McMahon announced Australia would peg the Australian dollar to the pound sterling on a daily basis amid foreign exchange volatility. He said no firm rate was possible, and the arrangement would be reviewed day to day. Banks may engage in foreign exchange transactions, with rates set by banks in tandem with the Reserve Bank.
MENTIONED IN THIS ARTICLE
McMahon
House of Representatives
Australia
Secehperenti
FNCB Waltons Record Revenue and Profit Rise
Consolidated net profit of FNCB Waltons Corporation Ltd for the year ending July 31 rose to 1,834,463 dollars. Audited profit before tax climbed 30.6 percent from 2,802,840 to 3,658,486 dollars. Net accounts and loans receivable increased by 26.8 percent. Taxation amounted to 1,824,23 dollars with 1,273,701 prior year adjustment.
MENTIONED IN THIS ARTICLE
Fncb-Waltons Corporation Ltd
Broken Hill Consolidated warns on lower half year profit
Broken Hill Consolidated Ltd reports a pre tax profit drop of 2.3 million to 5 million for the half year to June 30. Interim dividend cut from 10.7 cents to 6 cents per share. Directors warn shareholders that the full year profit will be significantly lower than 1970. Weakened demand for lead and zinc concentrates and industrial trouble weighed on the results. Mine product value is 14.599 million with operating costs 5.997 million and exploration costs 0.931 million. resulting profit before royalty and tax provisions is 5.066 million.
MENTIONED IN THIS ARTICLE
New Broken Hill Consolidated Ltd
Broken Hill
Allens Confectionery Ltd Posts Record Profit
Allens Allens Confectionery Ltd lifted net profit by 18.3 percent to a record 99,294 dollars for the year to June 30. Dividend remained steady at 20 percent.
MENTIONED IN THIS ARTICLE
Allens Confectionery Ltd
Group to study US import levy and dollar revaluation
In Geneva the United States and major trading partners formed a 25 nation study group to examine Nixon’s import surcharge and non monetary measures. Japan urged yen revaluation and Bank of Japan eased guidelines fueling dollar selling as Tokyo banks traded about 300 million dollars. The Japanese Chamber of Commerce pressed for early yen revalue through multilateral talks.
MENTIONED IN THIS ARTICLE
Geneva
United States
Nixon
GAIT
General Agreement On Tariffs and Trade
Gatt Council
Tokyo
Bank of Japan
Bankapan
Japanese Chamber of Commerce and Industry
Classical ploy in iron ore dispute at Angela deposits
The Hanwright group steps in the Angela iron ore dispute with a move to gain bauxite leases as government amends the Mining Act. Ken McCamey applied in his name for leases on key iron ore areas while Hancock warns of Armco’s possible access. Supreme Court chambers hear multiple summonses aiming to dismiss or stay Hanwright’s August action, with requests to discharge prior injunctions.
MENTIONED IN THIS ARTICLE
Hanwright Group
Armco Steel Corporation of America
Angela
Hanwright
Lang Hancock
Ken McCamey
Angelas
Hancock
Shakespeare
Armco
Supreme Cour Chambers
Supreme Court
Himawright Group
James Delamere Nicholas
William Glen Nicholas
D. F. D. Rhodes
Queensland Mines reports new anomaly Beat tice near Nabariek
Queensland Mines Ltd told the Sydney Stock Exchange it had sunk nine costeans at a new anomaly Beat tice about 20 miles southwest of Nabariek. Eight costeans showed mineralised uranium oxide above cut-off with detailed sample results and the strike extension planned. Drilling of this anomaly has begun with five holes advanced, while Dorset project progress and related joint ventures in Western Australia are noted, including Asarco’s 60 per cent option in a Katanning-Nuttall venture valued at $900,000.
MENTIONED IN THIS ARTICLE
Queensland Mines Ltd
Sydney Stock Exchange
Nabariek
Ame
Revert
Katanning Holdings Ltd
Nuttall Holdings Ltd
American Smelting and Refinery Company
Asarco (Aust) Pty Ltd
Katanning
Nuttall
Asarco Wi
So Ae
Id Mimings Ltd
Mt Isaines
Eastralian bids cash for Board Mills Australia
Eastralian Securities said they recom mended to shareholders a cash bid for Board Mills of Australia Ltd. The offer is 77.5c cash per 5c share, valuing the company at 1.55 million dollars. Board Mills directors had earlier signalled a cash offer above Claradeen Securities.
MENTIONED IN THIS ARTICLE
Eastralian Securities
Board Mills
Claradeen Securities Ltd
Claradeen
Board Mills’ Directors
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Business & Economics
CBC Steady
Mr Phillips
International Monetary Fund
Fncbwaltons
Allens
QLD Mines
Karangi
Karangi Minerals Australia NL
Chat Island
New Zealand
Katangi
Pan Pacific Mining Corporation Ltd
Petrie Street Civic Centre
Wenmex
M'tharra
Wes
Glendale
M'herra
Queensland Mines
West Coast
Aoc
Minga
Bougaiinville Malina We
Sid' Aquila
Southland
Eastralian
Tralia, Ltd
Ile St den
Ile
Triffetts Pty Ltd
7TURRUTURE_ DISCOUNTERS
Canberra Acceptance Corporation Pty Ltd
Yallourn Street
Fyshwick
Canberra
Teanborrs
Civic
Acqua
Griffith
Youn
Tae Amy
Yieg
Holden
Dunne
Klos Peter's Centre Food Store
Sheppine Hughes
Shoppina Canis Mammon
Erreee College
Keith J. McDowall
Palmer College
USA
Theodore Street
Curtin
Australian ‘Chiropractors Ass
Howes
Cooma
Sidnepi
Masood
John
Yall
Adlom
Mlide
I . Morel
Colina
Newspaper Four
Bionks
Callins Street
Elizabeth Street
Flim Lore
Ulna
Barry Drive Turner
Palmer
Fam
Umae
Sidney Sitara
Dar
Pia
Etec Fonics Australia
Sanderalda
Nesmager
Theram Mees
Wick Publishing
Pri
South Mde
Barton House
Permant
Hope St
Dickson
Campbell
Lpm
Manuka
Cone
Zou Ainslie
Fratica
Gibson
Red Hill
Deakin
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Suters
Clack
Mary
Les
Anthony
Maree
Langton
Kaye
Terry
Vikki Marc
Metha
Thomas
Nannette
Peter
Christopher Bernard
Doctor
Wtait
Newman-Martin
Geoff
Eve
Uhlmann
Jan
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Mark
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Paul
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Krertall
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Moulis
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Iece
Martha
Pepi Anton
Con
Theo
Ayn
Shanks
Catherine Lawrence
Canbares
Lady Tyrell
Real Estate Pty Ltd
Canberra City
BEL
Launceston St
Lyons
Ipage
Belconnen Way
Lastrellam
Civic Centre
Malveg
Bunda Street
A.H
Queanbeyan
Alec Evans Real Estate Pty Ltd
Crawford Street
FF Sc
O'Connor
Furn
RELD
N'Bundah Heights
Putt
Chifley
Hughes
Aranda
P.w
ED Hill
Cullin
Northbourne Ave
Downer
Act
Ainslie
Raddon
Shanussy St
Arrabundah Heights
Furn, Carport
Suit 1
Duthside
Northside
al Setts
Ee A
Woden
Afc
Coe
aCase, Arin
Farrer
Nly
London Circuit
CLS
Nsw
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