Minster board rejects takeover bid for carpet group
Melbourne firm Minster Tid’s directors urge shareholders to reject a 4 million takeover offer from Capital Carpet Industries. The bid valued the target at about 145 a share or 4 percent of the company, with mixed signals on profitability and potential backing from allied parties.
MENTIONED IN THIS ARTICLE
Minster Tid
Capital Carpet Industrien
Pry
Anita Carpet
Whchh
Henry Keongald
Tie
Assentater Ant Cowmarstal Amt
Minster
Minster Diessity
Bonyswith
Trey
Tanachie
Eas Mirwep
Wes
Economy EARNINGS IN MARGINAL SLOWDOWN
The September quarter shows real growth at 2 percent with a 2 percent rise in gross domestic product and 1.5 percent real growth in another measure. Implicit price deflator moved little, signaling steady inflation. Personal consumption and government spending rose modestly, while fixed capital formation increased, reflecting cautious expansion across sectors. Data from the national income and expenditure report indicate mixed but ongoing growth through the quarter.
MENTIONED IN THIS ARTICLE
Statistics Bureau
Yesters
Rel
Hr Monk of
NEW
Nitnegiens
Alte
Westerday
BLMC Head in Sydney Details Arrival and Schedule
BLMC head Bert Peylamb arrives in Sydney for four days with plans for a press conference Monday before trips to Melbourne and New Zealand. Lord Stokes declines to speak on arrival, continuing the executive tour.
MENTIONED IN THIS ARTICLE
Etuieman
Bert Peylamb
Lord Stakes
Sydney
Lord Stokes
Economic highlights show modest growth and export gains
The report notes increases in exports at both current and constant prices exceeding imports in the quarter and year. Employment and wages show mixed signals amid a sluggish economy, with consumer spending advancing slowly and the ANZ indicator drifting. The central bank index dropped sharply, signaling weak labor demand trends.
MENTIONED IN THIS ARTICLE
Ovme
Ian Bussner
Bankers call for more growth and easing of controls
At the Melbourne annual meeting Sir James Forrest of National Bank of Australasia urged confidence despite inflation and currency issues. He argued for stronger policy easing to boost growth, with Kenneth Myer backing calls to relax official controls on banks to allow freer operation and competition among financial institutions.
MENTIONED IN THIS ARTICLE
Australia
National Bank of Australasia Ltd
James Forrest
Melbourne
Evra
Kenneth Myer
James
Vernon
Fon Bank
Pew
Meeting on name change in London proposed for Poseidon and AustraliaN ajey dustra
Shareholders held a general meeting in London to consider the proposed name change from Poseidon 812,86 the proposed-name change from AustraliaN ajey dustra) and Mining Cag i mes poration Ltd to Slater MM, Larh Walker Australia Ltd. The session occurred Monday with attendance noted as eccentric and unclear due to garbled text.
MENTIONED IN THIS ARTICLE
Ajey Dustra
I Mesporation Ltd
Slater
Larh Walker Australia Ltd
St Fog
Lee
Monday Werner
Overseas funds in merchant banks in Australia
The Federal Treasurer Mr Snedden said that of 30 active merchant banks in Australia in 1970, three had significant overseas money. Four had some overseas equity, two had 28 percent overseas equity, two had between 23 and 0 percent, zero to 50 percent, and five over 75 percent. He noted overseas owned companies had provided some Australian equity in recent years, with most mining and consumer firms effectively Australian controlled.
MENTIONED IN THIS ARTICLE
Australia
Snedden
Yeahan
Fie
Wren
W. G. Haydershab
Hayden Me Spedden
Flsia Otra
Sentaineer
Sneddon
Cah “Mining
Conuiners
Barnard
Great Boulder reports nickel sulphides at Rute lock prospect
Great Boulder Mines Ltd reports intersecting narrow massive nickel sulphides at its Rute lock prospect about 35 miles north of Kalaoorie in Western Australia. Chairman NT Nilsen said three scout drill holes of around 12.0 meters each intersected nickel sulphide stringers at the base of the serpentine body and noted further exploration needed to determine if economic orebodies exist while discussions with Western Mining Corp center on smelting concentrate and potential 1973 operation.
MENTIONED IN THIS ARTICLE
Great Boulder Mines Ltd
Kalaoor
Jie
Western
Australia
NT. Nilsen
Meleourne
Nuteen
Saledales
Wereern Mining Corporation
Aluminium tariff request rejected
Australian aluminium producers failed to secure temporary tariff protection as the Minister for Trade Anthony announced the decision. He said the special advisory authority would monitor imports and that protections would not be granted despite local concerns about potential job losses and industry impact. A spokesman for Alcon of Australia Pty Ltd warned that removal of protections comes amid global oversupply and falling prices, prompting Alcoa to consider further measures affecting employment.
MENTIONED IN THIS ARTICLE
Anthony
Tr Bdo Een
Wadustey Ber
Pro
Australia
Alcon of Australia Pty Ltd
Alcoa
Marginal benefits touted by Kalgoorlie mine chiefs
Sir Lindesay Clark, chair of Central Noneman and Gold Mines of Kalgoorlie, argues a rally in the US dollar and a zero percent lift in the gold subsidy will mainly keep the mines open and sustain Kaleoor and its town.
MENTIONED IN THIS ARTICLE
Central Noneman
Kalgoorlie
Charrman
Lindesay Clark
Kaleoorfie
Also Mentioned on This Page
Ani
Business & Economics
Minster Board
Wween
Manthy
Teiner
Warwick Bracken
Ynent
Quinte
Blmc Head
HMV
Kingston
MERI
Mercury
H.M.V. Mercury
Queanb'n — Dicks
Spe
Sarmh Ly U.tu
Hacen
Praliresty
Opporunites
Jamen
Aira
Sir James Forrest
Mackers
London
Great Boulder
Aluminium
Rod
Youngs
Fyshwick
Queanbeyan Barrier Street
Monaro Street
Commonwealth OF Australia
New Zealand
Department of Trade and Industry
Canberra
A.C
Department
vaMas
Nit Owl
Mol
Dulux Paints
Dulux
Rogers
Super Malleys
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