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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Dec 12, 1967
Page
13
A garbled text fragment mentions London, a time window 12 noon to 9 pm, mentions an army and numbers like 780 and 250, plus references to Australian something. Specific facts are unreadable. no coherent event or entities emerge.
Spatien Ltd of Melbourne reports higher profits in the latest quarter of the current financial year. Chairman Mr McMullin said liquidity improved after recent acquisition activity, with the firm forecasting continued gains in the next period.
Herbert Yates shows a loss of 106 442 dollars with a 10 442 tax figure and 106 442 in the year to June 10. The prior year included 5350 000 profits and 200 000 in the year before. Dividend policy shows no payout in the current year, last year paid four percent. Depreciation of 26.09 percent on land and other statutory adjustments are noted amid cash flow concerns and falling raw material prices impacting production.
Directors of Factors Ltd hope for ordinary dividends in 1969 70. Director CQ Calderwood said the annual payment may reach about $1 million, contingent on improved financial standing and realization of assets. The chairman HM Kirk noted profits depend on current financing and asset values, with dividends only after balance sheet clarity.
Melbourne board meeting discusses the Korman Brothers contract row amid breach claims and ownership of properties. Hillel Korman and Factor company executives face questions over royalties and repayments linked to mortgages on the Viclar property and Hillview parcels as assets move toward sale or development.
Downtown Sydney private firm Wilcox Mofflin Ltd sees a private buyer climb to the largest single holder with 143,300 shares after 18 months of market purchases. The accumulation is noted as the company’s register shows large recent block purchases and rising ownership.
Martin Wells confident about demand and the sterling warensy, with the recent daval Anon of Marvin showing value. Wellelexpor’y to Britain for the current financial year aims to hit an all time record. Me Sinclar of Holdings Ltd notes principal British distributor My Gen der (Northern) Ltd to provide a part report. The company says the wine market remains valuable to the business and the Sydney.bneed company is a maker of [rrsclacte frames.
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