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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Dec 23, 1972
Page
5
Fragmented OCR content hints at a business notice about missed final payout, earnings decline, and international market concerns. It mentions falling year earnings, trading activity, and possible company restructuring, but specifics and entities are unreadable.
WMC and Poseidon move on a Windarra joint venture amid restructuring plans. WMC will not take equity in Poseidon and will extract nickel from Windarra via a Kalgoorlie smelter with Sherritt Heron handling concentrate processing. Poseidon to control remaining output with shares issued to Hanna Homestake and Windarra leases reassessed.
Pioneer Concrete Services has gained a 25 percent interest in a top end venture via a deal involving The Souiney Lich Exchange. chairman T V Antico holds a substantial stake in the vendor firm Tregyod Pry Tihh which will keep a minority stake as Northern Pastoral Services appears in a broader sale for Maser and associated entities.
Fragmented OCR text with numerous garbled terms, place names, and periods. The excerpt contains stray mentions of public safety items, weather, and assorted nonsensical phrases, lacking coherent narrative or identifiable events.
Post notes list holiday service disruptions on Christmas Day and Monday. The following services are affected: Ceemeet se nileciont on Chrismat Ds and Thea, Tea Nate Uber, Clowes Cotman Dae Coserre Pattie Litre te see Thearies clown Barutonae By. Tuesday and Wednesday. There will be one small note site Toei, eae lie Soe ie Soe.
Fragmentary notes report a NSW inquiry urging the government to stop foreign ownership of Australian resources. The Australia Party seeks action on ownership and control amid a new government push, highlighting urgent national concerns.
The Federal Government approved the 1.8 million Canbury Schweppes Australia bid for Tarat Holdings Ltd, a Melbourne based soft drinks group. The decision followed months of debate over overseas ownership and timing. Treasurer Crean stated the takeover would be rigorously enforced and that the government aimed to balance reducing prices with maintaining market confidence.
Jennings plans a ten million dollar investment at Eneabba for a mineral sale project. The announcement notes a potential profitable mining operation and outlines a timetable with unspecified details. Local authorities and industry groups react to the proposed development and its economic implications.
The United States will keep meat import quotas suspended through 1973 extending a policy that has allowed Australia to send more meat than quota would permit. The embassy in Candarea reported President Niven ordered the continuation of the suspension as part of a broader trade stance against India and Australia. American imports of Australian meat remain high despite the suspension.
Australian stock markets announce close days for December and January with Melbourne Hobart and Adelaide exchanges detailing specific dates. Restrictions include Friday October? trading hours. Clear notices outline holiday periods and reduced session times across all markets.
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