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Canberra Times in Canberra, Australian Capital Territory

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Articles on This Page

This newspaper page contains 11 articles. Subscribers can read the full text of each article.

Newspaper

Canberra Times

Location

Canberra, Australian Capital Territory, Australia

Date

Dec 03, 1966

Page

6

Airline profits slip amid year to June 30 figures

East-West Airlines reporting year to June 30 shows profit after tax of about $108,138 with sales profit near $114,668. Revenue from country routes rose to $3.8 million, up 134 percent, as passengers increased 9.6 percent to 191,401. Dividends recommended unchanged at eight percent, and charter and air tours revenue grew 22 percent.

East-West Airlines Sydney Apaines Vestl Why i Nsw Ssengers Wan Iia Air Navigation Civ Avatron Theithine Sualyss Ci AWA

Olympic Consolidated Offers Takeover Amid Troubled Funds

Olympic Consolidated, listed as closed on November 1, reported $1,756,000 of 22 per cent backing by Melbourne brokers Were and San. Directors announced the result last night as Golden Poultry Farming Industries Ltd in Melbourne received a takeover offer from Jacksons. The offer aims to acquire all ordinary shares with notes to be settled at $1 per share, contingent on holder approval and a threshold above 50 percent.

Olympic Consolidated Indiunirey Ltd Were San Melbourne Olympic Golden Poulty Parming Industries Ltd Purality Tribulor Jacksone Caria Ria Acceriance Jacksons Nng

Unsecured Loans Upset Unnamed House Visit

An unsecured loan incident at a property in Petrie Sirt involves upstairs access and a unique housing situation. No further details available.

Unique House Petrie Sirt Cy

Worst year since the 30s for wool processor warns

Sir Robert Webster told Felt and Textiles Australia Ltd annual meeting in Melbourne that the wool industry faced perhaps the worst year since the early 1930s. He warned that under current conditions the firm could liquidate wool operations and invest funds, though the board does not plan this. He cited rising synthetic fibers and price pressures as contributing factors to a tougher market.

Robert Webster Melbourne Felt and Textiles Aust) Ltd Robert

Wool trade faces payment delays and marketing concerns

Sir Robert notes overseas buyers reduced demand for wool, shrinking credit late payments. Wool processors and merchants squeeze as contracts stretch across months, with high working capital needs and delays from shipment to payment. Industry seeks proposals for an improved wool marketing scheme to ease cash flow and fulfill orders.

Robert Sie' Sabi Heindir Robert Wetter Sii

Pioneer offer well received in Australian oil group action

Pioneer Coast Services Ltd announced formal acceptances from holders at 47 percent of J. W. Williams Holdings. Lystack chairman Mr Tadheran led a Sydney meeting noting assurances of exit. The offer offers 4S per share with dividend after next tax year, amid results from Australian subsidiaries ending October. Directors discussed profits, overseas operations, and outlook with mixed signals in the four months to October.

Pioneer Coast Services Ltd J. W. Williams Holdings Lystack Tadhe Sydney Ian Tanwney Pang Ml ‘Amtico Breciory Rs Fomler Iis Australia M1 Transport Lid Thomas Port Li TNT Rai Dee Fine Melbowne Licher Miller Cslys Wanet Pra

Wrong time for talks on the state of the economy

The text argues that private investment would rebound after a boom, with government spending rising around 12 percent and consumer spending improving as Commonwealth payments to states increase in June and a July wage rise. It notes weaknesses in private investment, especially housing, and questions whether immediate stimulative action is wise while warning the economy remains fragile.

Winter Jeremiah Wisitmay Times Avid Vale Victoria Soinl Meril Australia

Budget Failures and deflationary cues in early election talk

The speech critiques defence spending abroad and notes a widening deficit. It highlights tax rises in waiting states, limited effect of wage increases, and potential fiscal tools like state payments, service cuts, rate cuts, and targeted relief. It questions timing for Parliament and stresses cautious actions before holidays.

Personal loan and cash advance notice in brief

Fragmentary OCR shows a financial firm name with stray letters and numbers. No clear date, location, or complete entity details are readable. The readable portion suggests a loan or cash advance notice but lacks concrete facts to report a definite action or outcome.

Reserve Bank release lifts shares across major banks

News that the Reserve Bank freed 540 million for major trading banks pushed most shares higher on the Sydney Stock Exchange. Bank of Adelaide rose to 215, Bank of NSW to 496, CBC Sydney up to 82-10, CBC Australia at 190, and Norwest Bank to 96. CSR share dipped to 277, HHP down to 340. Oil stocks were quiet with Santos at 165. Overall turnover rose as investors awaited a potential economic catalyst.

Sydney Bank of Adelaide Poe Bank of Nsw CBC Sydney Roe CBC Australia Nor Wal Bank CSR Santos

Take over bid rejected by Direct Acceptance directors

Directors of Direct Acceptance Corporation Ltd in Sydney rejected Ready Credit Ltd bid to acquire 25 percent of equity. They warned acceptance would be undesirable and disruptive, noting no tangible asset backing or dividend yield. Retiring directors Galland Allan and others faced proxy concerns amid recent finance sector activity in Western Australia.

Direct Acceptance Corporation Ltd Ready Credit Ltd Sydney Readyl Rom Ts Nul J. W Douglas N. Galland D. W Wo Western Australia Paores Ansentabl Rin Johtating Canta Lance Corp Ltd Schmiietra

Also Mentioned on This Page

A. D. Meares & Bishop Ord, Minett, T. J. Thompson and Partners Sydney Stock Exchange CBC Chambers Patria Street Canberra City A.C Orderley & “Eldon Brisbane the Civic Co-Operative Permanent Building Society Limited Ee Aes TEE Gera Mart United Permanent Co-Operative Ilding Society Limited Addres THE Associated Chambers OF Manufactures OF Australia A.C.T Tore Erie Chambers of PO Rox Maberrye Ausenlising Ltd Voome Sir Robert Webster Pioneer Fowler Vane Kauri Ik Wes Westheaven Economics Perconal Loans EB Upwards Pty Ltd Aogiar Een de Posen Nornbaume Agate Wom Pon Alliance London Circuit & Petrie Cankarra Comel Marrickville Tne ARC Hig Toomey Ani Mauri Tooth Tove Daynon Luty Uy Dickson United Allied Mille Uy Bunler EL Bn Baan Munte Bauin Eonteen Te Bank Adelph Newbold Finekenadl O'Donpalt Nis Mining Bellare Bix Siens GM Kaig Jooker Warnern Durga Amb AG King al & Oa Swen Brew Cole Shawriver Silver Wiley Makayanue Moran Cain Gand Gotch Mining Phop Cleveland Dusdele Hardie H Prray Rathlaveat Rts Maymarket Credit Healing AG Sande Commonwealth OF Australia Attorney-Generals Peg Owew Ceara Balary SMI Eatin Ree
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