Bury notes possible deficit impact on Australia’s reserves
Treasurer Bury, in his first major speech to the American Chamber of Commerce in Australia, warned that 1969-70 capital inflow may fall short of the current account deficit. He cited a potential need to draw on gold and foreign exchange reserves if the deficit materializes, noting the 1968-69 debit of about $1,000 million as a reference.
MENTIONED IN THIS ARTICLE
Australia
Bury
Atte Cates
American Chamber of Commerce
Rice defends US policies in Australia address
American trade policies on the importation of Australian meat and wool were defended by the US Ambassador Mr W Rice in Canberra yesterday. He challenged the belief that American investment dominates Australian business while addressing the ninth annual meeting of the American Chamber of Commerce in Australia.
MENTIONED IN THIS ARTICLE
W. Rice
Canberra
American Invest
Ment
American Chamber of Commerce
Australia
Rice
Mr Rice
Canberra Rex
Meat and wool in balance of trade debate
Mr Rice argued that efforts by countries to balance trade bilaterally stifled trade and cost jobs. He said Australian meat is the largest single item in Australia-US trade, while wool remains a major export. He noted US import duties on wool and the impact of voluntary restraints and loan programs on future shipments, stressing the need for stable investment policies and clear regulation to sustain Australian exports and capital inflows.
MENTIONED IN THIS ARTICLE
America
Rice
Australia
United
Quitel
Bury
Offitralia
London
United States
Congress
Japan
Italy
Cauire
Aus
Onlytralian
Tralia
Mittee
Soviet Press Criticizes Industrial Managers
Pravda accuses bureaucracy and arbitrary decisions of hindering Soviet economic reforms. Leninskoye Znamya cites factory managers wasting funds on lavish trips and costly office furniture for themselves and staff.
MENTIONED IN THIS ARTICLE
Moscow
Aap-Reuter
Soviet Communist Party
Pravda
Leninskoye Znamya
Board of AOG under fire at annual meeting in Sydney
Australian Oil and Gas Corp Limited told its annual meeting that new crude oil discoveries must be large scale with low initial exploration costs or nearby to be economically viable in a world market. Chairman D M Carment said high exploration expenses and long pipelines prevent viable production, noting offshore potential in Gippsland and the Sydney basin.
MENTIONED IN THIS ARTICLE
Sue Costa
Australian Oil and Gas Corp Limited
D. M. Carmeni
Sydney
Carment
Australia
Gippsland
Astoms
Papua
Leninsk
Rudd
Rye
Black Sea
Tin prices soar on fear of shortage
London reports tin prices leaped amid talk of a world shortage. The International Tin Council freed producers from export restrictions, while discussions about a US stockpile and rail terminal plans in New South Wales shaped the outlook. The price spike followed the council’s move to halt the buffer stock and signals that exports may rise as main producers Malaysia, Indonesia, and Congo consider lifting limits.
MENTIONED IN THIS ARTICLE
London
Tin Council
Dusky
Nda
Caundom
New York
Nsw
Cnto
Fife
Trans
Resdustry
Bel C
Clutha Develget
Malaysia
Bomia
Congo
Kinshasa
Indonesia
Nigeria
Thailand
OSTI EXPECTS BIG LIFT IN PROFITS
OSTI Holdings Ltd reports rising sales and gross profits after a year with textile and lingerie divisions. Chairman Mr F W Theeman told shareholders in Melbourne that annual business is worth 5 to 6 million pounds, with optimism for future growth in mining and oil ventures. The report also notes exploration by Emperor Mines Ltd and Alkane Explorations in Australia and Fiji, with new drill programs and planned locations near Roma and Johnstone Rocks.
MENTIONED IN THIS ARTICLE
J. Wren
Associated Group
Sydney
Hollywood Lerday
Roma
Queensland
Emperor Gold
Mining Co Ltd
Osti Holdings Ltd
F. W. Theeman
Theeman
Melbourne
London firm plans new joint venture in textile and mining sectors
Exchange reports fierce competition and rising costs as Synthetic Revenue and profit trends are discussed. A planned takeover and new joint venture with Filigree Pty Ltd and Gentex Ltd aims to expand into disposable household and kitchen items. Estimated turnover rising to 3 million with 158,202 revenue and 919,954 profit before tax.
MENTIONED IN THIS ARTICLE
Ake View and Star Ltd
London
Wespany
Osti
Glass
Dotex
Madison
Queensland Press Ltd
Theeman
Ani
Lion
Sherman
Company
Filigree Pty Ltd
Messrs Selin
Covering Court and Sons Ltd
Genoa
Queensland
Press
Gentex Ltd
Inter Herald
Osti and
Gentex|Ltd
Osti Boston
Boston Textile Mill Co. Ltd
Wool leaders urge steady course amid price and market worries
In Melbourne Sir William Gunn warned wool growers to avoid complacency as domestic price pressures and rising costs bite. He cited falling wool costs, wage increases, and potential shifts in shipping rates as risks to the industry while urging continued effort to curb problems. Separately Magnum Explorations NL opened a public issue heavily oversubscribed, and Bridge Oil NL's claims in WA were recommended for ministerial operators with geochemical work already underway across 21,300 acres.
MENTIONED IN THIS ARTICLE
Stock Exchange
Consolidated Industries
Leighton
J.J
Slater
Walker
Wan
Sir William
Level
Woo
William
Melbourne
Exchange
Ifer
Iin
Wasi Holdingspany
Leonora
Operors
Bridge Oil NL
Laverton
Laverton-Windarra
British Australian American consortium plans European motel chain
A British Australian American group plans a 45 million pound project to build or acquire 7,500 motel rooms in Germany France Switzerland Italy Benelux Scandinavia Spain Portugal and Australia over 10 years. Trust Houses will lead with Travelodge International and Travelodge Australia backing. funding to come from London markets with potential Europe stock floatation later.
MENTIONED IN THIS ARTICLE
London
Aap-Reuter
Germany
France
Switzerland
Italy
Benelux
Scandinavia
Spain
Portugal
Australia
Britain
Trust Houses
Travelodge International
San
California
Travelodge of
Europe
ACI Hikes Bid For Mason Firth And McCutcheon
Australian Consolidated Industries Ltd launches a 2.4 million cash and share takeover of Melbourne printer Mason Firth and McCutcheon Ltd, its second bid for a printer and rival to United Packages for the Sydney based Printer and carton maker. The offer values each Mason Firth ordinary share at one ACI ordinary share plus 64c cash for every two shares.
MENTIONED IN THIS ARTICLE
Aberfoyle Ltd
Mineral Securities Australia Ltd
North Australian Uranium Corporation NL
Aberfoyle
Australian Consolidated Industries Ltd
Melbourne
Mason Firth and McCutcheon Ltd
United Packages
Mason Firth
ACI
Hughes Resigns as Firth Offer Values Shares at 52-18
The offer values the Firth shares at 52 shillings 18 pence. Mason Firth directors will give immediate consideration to the offer. The Attorney General, Mr Hughes, had served as a director of R. and N. Statham Ltd, a fact noted by the directors yesterday.
MENTIONED IN THIS ARTICLE
Firth
Mason Firth
Hughes
R. and N. Statham Ltd
Talks on NSW air link plan with Clutha Development
Two NSW Cabinet Ministers will confer with Clutha Development officials on a feasibility study for extending rail facilities from Burragorang Valley to the Australian coast. The talks occur Friday in New York and aim to assess a air link plan related project.
MENTIONED IN THIS ARTICLE
New York
Aap-Reuter
Nsw
Clutha Development
Burragorang Valley
Also Mentioned on This Page
Board of
AOG
Ice
Port Stephens
Hunter Valley
Pee Development
Pring, Dean
Sydney Stock Exchange Ltd
Northbourne Avenue
City
A. D. Meares & Bishop
Sydney Stock Exchange
M.lc
Petrie Street
A. C. Goode & CO
the Poema of
Brisbane
Adelaide
Perth
Brussels
A.C
Kembla Street
Fyshwick
Olivetti
Gelset
Christ Men
Petrie St
Canberra City
Melbourne Stock Exchange
Slater Walker Securities (Australia) Ltd
Amily Investment Company
S. E. Leighton
Emperor Mines Ltd
Blue Fluorescent
Ares
Colo-I-Suva
Fiji
Magnum
Alkane
Terugal) NL
Johnson Rocks
Lake View
S. Walker
Bendix
William Gunn
Magnum Explorations NL
Rudd, Bain, McDonald and Company
Investment Mining and Finance Ltd
Patrick and Company
Bridge Oil
Pap
Apinaipi
Apinaipi Petroleum Co Ltd
G. Ross Jones
Papusa Apinaipi
Ot Firth Tech
Mr Hughes
Woolley Street
Dickson
Lake Credits Co Pry Ltd
P.O
Petrie Street Civic Centre
Eric Anderson
New Zealand
AIR
BOAC
South Island
S.M Tours
Qantas
Canberra Travel Services
Official
Air and Sea Booking Agents
IATA
Civic Permanent Savings Investment
Civic Co-operative Permanent Building Society Ltd
Gerema Place
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