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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 14, 1965
Page
10
Coal and Allied plans a new 2 million pound mine at Parc AL driven by extending reserves at two existing pits. Production aims to raise output in 1907 with lower half sales and higher railway demand. The project ties to electricity generation and steel industry growth amid expanding mining activity.
Sydney reports show major trading banks’ deposits rising by 438 million in November to 2,492.9 million pounds. The increase exceeds the ten year average and reflects liquidity gains across Queensland and central regions, with fixed deposits peaking at 961.0 million pounds and advances climbing to about 1.38 million.
The Associated Chambers of Manufactures argues the Tariff Board’s approach is commonsense and appropriate for Australia, emphasizing protection only where industry merits it. It cites Sir John Crawford’s National Press Club address and notes ongoing debates on elasticity and reliability of economic benchmarking. The piece also mentions Leipzig Spring Fair details, noting thousands expected and the breadth of international exhibits.
A. G. Healing Ltd reports increased consolidated net profit to £542,649 from £837,927 for the year to June 30. Directors issued a preliminary statement yesterday detailing the results and noting a reduced dividend.
A group led by local directors has proposed an offer to acquire 41 percent of a company’s shares. The bid values the ordinary shares at 2.7 pounds per share and requires 10 percent acceptance, with negotiations continuing as the board considers the proposal.
The directors of Clarence Oil and others report a takeover bid with 38 to 138 wide figures. Australia based involvement continues as officials expect further activity. In New Zealand and nearby regions updates show testing and planning for a likely event.
Brolite Industries Ltd announces a final dividend of 4 cents per share in decimal currency lifting the annual rate from 15 to 18 4 percent. An interim 7 4 per cent was paid in July increasing the annual yield.
Ampal Ex shares moved amid a woolly report of an oil strike as activity spiked on the Stock Exchange. The firm’s stock climbed while investors weighed possible gains and sector impact. The day’s turnover reached 466,735 shares with a notable jump in price and volume.
Singapore plans to absorb about 120 million Malaysian dollars in trade with Australia and New Zealand, as Finance Minister Jim Lim San argues for measures to safeguard activity and raise the economy. He cites lower taxes and improved investment incentives to lift annual exports and growth.
News reports claim Chrysler and US Chevalier Corp move closer to a full takeover of Routes Motors Inc and Routes Group worldwide. The deal centers on controlling shares and stock interests in related marques such as Simca and Sunbeam, amid a shifting global automotive landscape.
The Reserve Bank of Nell held foreign recharge totaling £1440 million to ES10 Amiton in the nerd ded December, a move analysts say could affect liquidity and exchange rates in the regional market.
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