NBAL Moves Toward Tight Liquidity Amid World Slowdown
The National Bank of Australasia forecast an extremely tight liquid position by mid next year as chair Sir James Forrest warned the world economy faced clouded prospects. He urged fiscal restraint, noted monetary policy bearing anti inflation, and warned Australia cannot isolate from global slowdown impacting business and labour markets.
MENTIONED IN THIS ARTICLE
National Bank of Australasia Ltd
James Forrest
Melbourne
James
Australia
Tess Ourlogh
Qeauceze
share= hollers
Davies
Writ by Thiess on $15 million claim over Greenvale railway
A Supreme Court writ was issued yesterday by Thiess Brothers Pty Ltd alleging $15 million in monies owed for work and materials on the Greenvale to Yabula railway line. It names Metals Exploration Minersans Pty Ltd and Freeport Queensland Nickel Incorporated as defendants, with addresses in Brisbane.
MENTIONED IN THIS ARTICLE
Supreme Court
Greenvale
Thiess Brothers Pty Ltd
Kerry Road
Archerfield
Metals Exploration Minersans Pty Ltd
Arbot Street
Prishane
Freeport Queensland Nickel Incorporated
Adelaide Street
Brisbane
Yabula
Queensland
Japanese mills defer 1.8 million ton Mt Newman iron ore contract
Tokyo reports that Mt Newman Mining Co canceled the next year iron ore shipment from Western Australia. General manager I Newman announced in Perth the deal is deferred until the climate improves and a more reasonable market is found.
MENTIONED IN THIS ARTICLE
Mt Newman
Tokyo
Mt Newman Mining Co
I. & Newman
Perth
OECD Review Warns Oil Shortage Threatens Global Growth
The OECD's Economic Outlook paints a grim view of the world economy, stressing that oil supply constraints, rising prices, ongoing inflation, and potential exchange devaluations threaten growth and employment in member nations. It notes inflation at double digits in several economies, expects slower growth in 1974, and warns that European and Japanese output could slump if oil supplies stay tight. The report cites Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Iceland, Ireland, Italy, Japan, Luxembourg, Netherlands, New Zealand, Norway, Portugal, Spain, Sweden, Switzerland, Turkey, Britain, and the United States as major players shaping the outlook.
MENTIONED IN THIS ARTICLE
OECD
Australia
Austria
Belgium
Canada
Denmark
Finand
France
Germany
Greece
Iceland
Ireland
Italy
Japan
Luxembourg
Netherlands
New Zealand
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
Most Australian shares gain in London
In London on Thursday Australian stocks edged higher amid a firmer market. BHP opened around 7.04 dollars and fluctuated before finishing near the day’s start. Bougainville rose to 1.51, Broken Hill South to 2.005, and WMC to 1.21 as Pancontinental Mining traded strongly on Uranium fund hopes.
MENTIONED IN THIS ARTICLE
London
London Stock Exchange
BHP
Pancontinental Mining
Bougainville
Broken Hill South
WMC
North Broken Hill
Australia PNG sign memorandum on interim trade and commerce
In Sydney the Papua New Guinea Minister for Trade and Industry Poe and Australian ministers Cairns and Morrison signed a memorandum of understanding on interim trade and commercial arrangements. It covers access to each other’s markets during self government to independence and aims to sustain the special preferences and concessions between the two countries. Papua New Guinea pledged not to discriminate against Australian interests.
MENTIONED IN THIS ARTICLE
Australia
Papua New Guinea
Sydney
Poe
Dr Cairns
Morrison
Meen
New Guinea
Cairns
Tariff Board inquiry hears water vehicle parts costs in Sydney
The Australian Automobile Association told the Tariff Board that factory plus profit marks on water vehicle spare parts create a 300 to 700 percent gap to end consumer prices, varying by part type. It contrasted captive parts such as body sheet metal with non captive items like sealed beams and seat belts, and noted new car price burden on earnings. It cited UBS 1970 city comparisons showing Sydney’s car price burden high versus Chicago, Dusseldorf, Montreal, New York and Stockholm. AAA pressed three requests to the Board, including a recommendation to reduce or adjust tariff levels.
MENTIONED IN THIS ARTICLE
Tariff Board
Sydney
Australian Automobile Association
AAA
Inigo Passenger Motor Vehicles
Australia
Union Bank of Switzerland
Brest
Chicago
Dusseldorf
Montreal
New York
Stockholm
Volvo
Australian tariff plan aims to ease car costs for consumers
Government measures to lower motor car costs highlighted a realistic pricing of spare parts and a two month or 12 000 mile warranty. AAA argued industry efficiency despite model variety causing higher costs. Minister Enderby announced an automotive industry advisory panel in Melbourne to advise on export incentives exchange rates labour shortages local content plans investment and tariff board roles.
MENTIONED IN THIS ARTICLE
AAA
Canberra
Chamber
Tariff Board
Cop pel Named Executive Director of Australian Exchanges
Ronald L. Coppel, general manager of the Perth Stock Exchange, is named executive director of the Australian Associated Stock Exchanges. He will start on March 1 for a five year term and report to AASE president Michael Meister. Coppel will plan uniform listing rules, audit procedures, and the rationalisation of services while liaising with member exchanges and chairing stock exchange executives conferences.
MENTIONED IN THIS ARTICLE
Ronald L. Coppel
Perth Stock Exchange
Australian Associated Stock Exchanges
Coppel
AASE
Michael Meister
Australia
Stock Exchange
Also Mentioned on This Page
Business & Economics
NBAL
Thiess
Bureau of Census and Statistics
Tn AN
O.E.C.D. Review
Warwick Bracken
Economics
Britain
United States
Europe
London Exchange
Abracedl
Ater
Associated Press
Rey
Capital Finance CO Pty Ltd
Petrie Street Civic Centre
Frie Andersons
P.N.G
Australan
Enderby
Federal Chamber of Automotive Industries
A.A.S.E
McAlister
Take Consolidated Pty, Limited
Frank G.olsen
Dewar
Cas
Deward
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