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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Dec 17, 1971
Page
6
The Brisbane Stock Exchange report notes BHP edging higher while other mining shares fluctuated. Investors priced in uranium and industrials, with several explorers and producers showing modest gains or declines as trading ended near mixed levels.
Deputy finance ministers from the Group of Ten chat about a possible dollar devaluation and currency realignment before year end. The talks focus on a multilateral framework to narrow gaps between major currencies, with economists noting potential 7 to 14 percent shifts and gold price implications.
The Federal Treasurer Mr Snedden reports to Cabinet on the latest international monetary crisis and prospects for a weekend settlement by the Group of Ten. Ministers will consider devaluing the Australian dollar or retaining the pound, amid possible realignment and aims to address the world monetary problem.
A brief clipping notes mining time strain affecting ta activities and schedules. Names, places, or dates are not clear in the fragment, but the item points to disruptions in mining operations and potential delays. Further details unavailable in the readable text.
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