Oil and gas found in New Zealand offshore Maui well
The Shell BP Todd consortium reports Maui offshore well in New Zealand has produced significant condensate and gas. While not commercially proven yet, executives say drilling tests cover a wide flow range and the third well is planned north of Maui. Companies involved include BHP Beach Petroleum and Magellan.
MENTIONED IN THIS ARTICLE
Shell-Bp-Todd Consortium
Maui
H. Tudhope
Melbourne
Tudhope
Mall Zaye
Signi Vance
New
Ommensng
Tre Bhp
Taxman Petroleum’ Group
Beach Petroleum
North BH
Magellan Land
Southern Pacific Bounty Oil
Tasman Petroleum
Ares
Prices steady at Australian wool sales with merino drift
Wool auctions across Brisbane Melbourne Portland and Fremantle showed firm overall demand. Merino grades softened slightly while superfine merinos held high values. Totals reached about 165 100 bales with bullion buyers including Japan the Continent UK and local mills active. Next sales run January 16 1970 in Sydney Geelong and Fremantle.
MENTIONED IN THIS ARTICLE
Australian Wool Board
Japan
Brisbane
Europe
United Kingdom
Melbourne
Portland
Fremantle
Sydney
Geelong
Brazil Devalues Currency for Eighth Time This Year
Rio de Janeiro reports Brazil devalued its national currency, the cruzeiro, to around 45204.330 cruzeiros per dollar, the eighth devaluation of the year and the eleventh since the 1964 flexible exchange rate system began. The move follows prior rates of about 4.26/4.29 per dollar. Unknown details due to OCR errors.
MENTIONED IN THIS ARTICLE
Rio DE Janeiro
Brazil
Cruzeirox
Susi
Directors back MFC takeover bid for CME and Tancred
The board of Corporate Mining Investments Australia Ltd and CME directors unanimously support Mining Finance Corporation Lis offer. Terms set CME shares at 75 cents per three MFC shares with a cash option and CME options exchangeable at one MFC for three CME options. A cash alternative of 30c per CME share aligns with market price. A THM Austral ia lease agreement is expected. Tauringa Securities will not proceed with its offer for Tancred Brothers Industries following prior decision.
MENTIONED IN THIS ARTICLE
Mining Investments Australia Ltd
Mining Finance Corporation
Lis
MFC
CME
MFC J
THM. Australia Ltd
Tauringa Securities, Ltd
Tancred Brothers Indusss
Es Wecolrectors
Tancred
Canberra Property Trust to Issue Units for Office Block
Canberra Commercial Property Trust plans to issue 50 000 units at two pounds each to fund a new commercial block on Northbourne Avenue. The trust, managed by Commercial Property Management Ltd, aims to acquire the Crown lease for Block 6 Section 19 and construct an 18,000 square foot three-storey building with a total project cost near 1.45 million pounds. The prospectus targets unitholders and notes expected income from the trust’s properties.
MENTIONED IN THIS ARTICLE
Canberra
Mt. White
Com Liege
Etm
Struts
Leling
de I Propeny
Iment
THM
Balding
Invest Am
Perens
Total Fund
Melbourne Sikes
Chamaes
Mel
Et Granger
Puck
Semiel
Willel
Sydney Stock Exchange
D. R. Mackie
WS Tohnson
Northourne Avenue
Northbourne Avenue
Mutual Insurance
Triste
McCon[nel ‘Smith
Johnson
Ieee le En
CSR Sees Ore Shipments Doubling at Mt Newman Project
The Coloniat Sugar Refini ng Co Ltd forecasts ore shipments from Mount Newman in Western Australia to exceed six million tons in the first production year. Sir James outlined a $14.4 million contract and a feasibility study for a Mascot terminal, with Costain owning 60 percent and McNewman partners holding the remaining stake.
MENTIONED IN THIS ARTICLE
Coloniat Sugar Refining Co Ltd
Mount Newman
Western Australia
Norwich
Lion Wi
James
Chittering
Pyke
Costain
Australi
Pilbara
McNewman
Sir James
Sions
Bny Wy
Capt
Neily
Moe
Dunlop Flue and CSR Mineral Prospects Update
Ed Dunlop Flue group and CSR investigated mineral prospects with Boyd Minerals Ltd. Interim report suggests higher profits and farming rate for the current year. Directors foresee increased costs but expect improved results. interim dividend of 5 per cent to be paid. Sydney Stock Exchange updates note contracts and figures, with remarks from Mr. Lee Pyke.
MENTIONED IN THIS ARTICLE
CSR
Irr
Boyd Minerals Ltd
Egwieds Dunlop and Company
James
Sydney Stock Exchange
Costin
Pry
Lids National
Raciues
Melpany
Joume
Sydney
Lee Pyke
Philip Morris interim dividend plans in Sydney and Lidcombe details
Philip Morris Australia in Sydney Castalia outlines interim dividend plans as part of a SErIS end fem ty 7 percent figure and 87 share components. At Lidcombe unit payouts are set with a Centennial project and an eight storey office, totaling a 15 percent projected payout for the year. The latest dividend payment is scheduled for February 2.
MENTIONED IN THIS ARTICLE
Syuney
Philip Morris
Australia
Sydney
Castalia
Sce Bros
Lidcombe
Mette Mgrok He Ag
Centennial
Canada faces chronic federal state funding strains in tax grants
An analysis notes Canada and Australia share federal‑state fiscal problems. It outlines three Canadian funding pillars tax sharing since 1982, equalization grants via a new formula, and stabilisation floors, with Australia’s prototype equalization echoed in Tasmania. Quebec opts for tax abatements over some grants.
MENTIONED IN THIS ARTICLE
Economic Record
Hames Maxwell
Clark University
Canada
Australia
Matwell
Quebec
Provincal
Fight Canatan
Profesor Maxwell
Tasmania
Market review notes volatile week despite profits for mags
Holiday punting full Poseidon NL dominated the nation s stock markets this week. The introduction echoes three months of market reviews with new listings on the horizon. Profits appeared for magazines yet were subdued compared with recent periods.
MENTIONED IN THIS ARTICLE
Poseidon NL
Ias
Also Mentioned on This Page
N.Z
Devalues
CMI
Perty Trust Building
Nor
Property Trust
Larke Consolidated Industices Ltd
Metal Perforators Ltd
J.B. Young Holdings Ltd
Emmotts Limited
Petrie
Lake Credits Co Pty Ltd
P.O
Ord Minnett
T. J. Thompson & Partners
Moresby House
Lonndon
A. C. Goode & CO
Canbera
Adelaide
Perth
London
Brussels
Pring, Dean
The
Teehone
Mt Newman
Roslyn Callow
Dunlop
Peter Long
Economics
Federations
Holiday
Poseidon
Darra Nickel
Norman Shierlaw
Wirslarra
Gan
Shierlaw
Hawkesdale
Mt Windarral
BHP
Etton
Kin-Ora
Tasminex
Mar
Deborah
Portfolis
Ater
Port Nent
Slena
Goring
Hamersley
Statistics Bureau
New Zealand
Hong Kong
Singapore
U.S.A
Mexico
Annie
Canberra Travel Services
A.C.T
Kembla Street
Fyshwick
Olivetti
A. D. Meares & Bishop
Sydney Stok Exchange
MAC
Petrie Street
CIT
Permanent Building Society
Petrie St
Canberra City
Ar Tost
Tiel
Woolley Street
Dickson
Civic Permanent Savings Investment
Civic Co-operative
Perman Building Society Ltd
Gerema Place
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