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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Dec 06, 1966
Page
8
ICIANZ Ltd lifted profit to a new peak of 11.6 million dollars for the year to September 30, with sales rising to 271.6 million. After minority interests, earnings and distributions improved, and the ordinary dividend remains at 7.4 percent. Final dividend is slated for March 1, with books closing January 19.
Brisbane official J V Hackett reports that Brisbane and Adelaide prefer a sliding scale of brokerage as the fairest system, while Sydney and Melbourne explore alternatives. A compromise is likely after weeks of talks, with higher fees for low‑priced shares and flat rates causing broker costs to soar.
Mr Korman resigns as chairman of Factors Ltd effective November 30 after joining the board in 1958 and leading since 1963. The group, 20 percent owned by the Korman family, faces reduced profits for the year to July 31 and will hold its annual meeting on December 20.
Dr Alex Hunter of ANU told the Canberra Economic Society meeting that economic reasons for a national shipping line are weak and urged revising shipbuilding protections and relaxed Australian crew rules. He outlined six options, favoring allowing foreign-built ships and mixed crews for overseas service and coastal trades.
The chairman notes a swing in profits and debt provisions for the group. Interim dividends rise and earnings after tax improve, while advertising revenue holds steady and asset valuations stay near year prior levels. Liquidity concerns and debt provisions are discussed alongside plans for property sales and portfolio adjustments.
Fragmentary OCR item lists players and brands with unreadable context. Key names Moran Cato Bennet Wood Whippy and Moulded F appear among nonsensical stats. Readable details insufficient to confirm event, score, or location.
Trading on the Sydney Stock Exchange brightened after positive signals from London and New York. BHP rose to $5.94, Bank of NSW advanced to $504, oil shares were mixed with some firms slipping while others rose, turnover increased by 2.1 million shares to 2,212,560, Mining boards showed interest with Kath Jen and Tableland rising, Amad and Rami eri fell, CSR and Pioneer Sugar edged up on industry developments.
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