Reckitt and Orlando to merge in Australia wine sector
Reckitt and Colman announces a merger with Orlando Group of Gramp and Sons to form a larger Australian wine and beverage company. Bernard Jones will chair the combined board. F Gramp retires after 70 years with Orlando but remains as consultant. The deal uses Reckitt shares plus cash, preserving Orlando as a top producer with Morris board joining.
MENTIONED IN THIS ARTICLE
Reckitt and Colman
Bernard Jones
Reckitt
F. Gramp
Orlando
Esent Orlando
Australia
Gramp
Cine
Reckitt Australia
Morris
Rutherglen
Vic
Griffith
Co. R
K. J. Gramp
Jones Charles Lawson
Sabine
Aeder
A. T. Dix
R. D. O'Grady
Big Sister Foods
Samuel Taylor
Meriton set for new records says chairman at first annual meeting
Meriton Properties Ltd chairman HO Triguboff told Sydney shareholders at the companys first annual meeting yesterday that the developer appears set for another record-breaking year. The remarks came as Meriton outlined its outlook for growth and property projects in the city and beyond.
MENTIONED IN THIS ARTICLE
Sydney
Meriton Properties Ltd
HO. Triguboff
Wales lends to society to aid home finance
The Bank of New South Wales Savings Bank Ltd agreed to loan $100,000 to the Queanbeyan Co operative Building Society No 11 Ltd. Queanbeyan manager Mr I E Tyr said profits after tax rose sharply as population growth drove demand for housing finance. Directors anticipate an 8 per cent interim dividend and note housing loan deposits remain strong.
MENTIONED IN THIS ARTICLE
Bank of New South Wales Savings Bank Ltd
Queanbeyan Cooperative Building Society No 11 Ltd
Queanbeyan
Wales
I. E. Tyr
Fionally
Australia
Meriton holds land for 18 months growth and prime sites
Mr Trigubolf outlined Meriton’s strategy to keep leadership in the field and retain land for development. Land for 18 months growth includes Bondi Junction Double Bay and Beecroft sites for units and Rockdale Miranda convalescent homes. Investments will hold convalescent home and commercial sites while awaiting subdivision parcels.
MENTIONED IN THIS ARTICLE
Meriton
Bondi Junction
Double Bay
Beecroft
Rockdale
Miranda
Trigubolf
Canberra MGICA launches housing loan insurance
MGICA announces an insurance form for organisations lending funds for housing ventures in Canberra. The move introduces low-deposit loan options and highlights a leading mortgage insurance group with assets over 222 million. Mr Procter opens MGICA offices in Canberra and is noted for long banking service including a former Reserve Bank position.
MENTIONED IN THIS ARTICLE
MGICA
Procter
Canberra
Burns Phil
Ipa
Tee Co
Ile
Delfast Pty Ltd
Gil Bank
Ronaldson Brothers plan Ballarat engineering sale and name change
Ronaldson Bros and Tipper Ltd aims to conclude negotiations within three months to sell its Ballarat engineering business, led by chairman J Miller. Shareholders approved splitting $2 shares into two $1 shares and moving the land to double nominal engineering activity. The firm will remain in Ballarat and negotiations continue toward a satisfactory conclusion, with the company renamed Mer hank Corporation Ltd.
MENTIONED IN THIS ARTICLE
Ronaldson Bros and Tipper Ltd
Ballarat
J. ©. Miller
Miller
BS Moon
Merhank Corporation Ltd
Consolidated talks merge in Australian leisure life firms
Ronaldson plans to sell Leisurelife assets with $1 million cash conversion. J F H Stephens and Mayne Nickless discuss merger terms. F H Stephens targeted by TNT while directors urge shareholders not to sell. Notice of offer to F H Stephens expected today. Colortone Holdings to swap four million Minefields Exploration shares for five bowling company stakes.
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Ronaldson
Ballarat
J. F. H. Stephens (Consolidated) Ltd
Mayne Nickless Ltd
F. H. Stephens
TNT
Mayne Nickless
Sydney
Melbourne
F. H
Brisbane Stock Exchanges
Stephens
al Pisany
Adelaide
Colortone Holdings Ltd
Minefields Exploration NL
Consolidated Exploraton
Consolirated Exploration
Indoor Bowling Australia Ltd
Coburg
Bowl Puy” Lia ‘al Vy «Ltd
Moorabbin Bowl Pty
Box Hill Bowl Pty
Bowl Pty Ltd
Instalment credit rise in Australian retail finance
Instalment credit for retail sales by non retailer finance businesses in Australia reached 1,630 million in November, up from 1,618 million in October and 1,476.5 million a year earlier. Total finance to retail and non retail sectors stood at 1,946.8 million by end of the September quarter, with a population balance outstanding rising to 154 from 153 and 143 in prior quarters.
MENTIONED IN THIS ARTICLE
Australia
Statistics Bureau
Australia building approvals fall in November totals
Australian Statistics Bureau figures show total building approvals falling to 252.1 million in November from 275.4 million in October. Seasonally adjusted data give 263.9 million for November, down from 266.3 million in October, with a noted seasonal decline around the November December holiday period.
MENTIONED IN THIS ARTICLE
Australia
Statistics Bureau
Seine Renanty
Peridd
BHP and A and K form largest Australian cement group
The Broken Hill Proprietary Co Ltd and Australian and Kandos Cement Holdings Ltd have completed negotiations to form the biggest cement making group in Australia. Australian Portland Cement Ltd will take over Southern Portland Cement Ltd's cement activities, with Southern Portland receiving freehold assets and shares in Australian Portland. Southern Portland will hold 35 percent of Australian Portland, while 5 percent stays with A and K. A and K will also bid for Brighton Cement Holdings Ltd, strengthening their position as the nation's leading producer ahead of Blue Circle.
MENTIONED IN THIS ARTICLE
Broken Hill Proprietary Co Ltd
Australian and
Kandos Cement Holdings Ltd
Australia
Australian Portland Cement Ltd
Southern Portland Cement Ltd
BHP
Howard Smith Ltd
A. and
Brighton Cement Holdings Ltd
South Australia
Blue Circle Group
Southern Portland
Australian Portland
Southern
A and K and Southern Portland plan merger details
The agreement allows Southern Portland to lift its holding to 50 percent of Australian Portland. A and K and Southern will each appoint three directors, sharing control from merging. Australian Portland’s board includes E G Cutler, T K Duncan, W Howard-Smith, P M McCann, R N Oliver, and H D T Williamson. The new group will operate plants at Kandos, Berrima, and Geelong. Brighton Cement may be targeted by A and K via cash or stock bids, with potential acquisition outcomes and ownership implications.
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A.D. Morrison
Clo Perpetual Trustee Company
Canberra
L. H. Stokes
Australian Capital Territory
Department of the Interior
4Th Moor
Electricity House
London Circuit
Canberra City
Jol
Southern Portland
Australian Portland
A and K
Southern
E. G. Cutler
BHP
T. K. Duncan
Australian Iron and Steel
W. Howard-Smith
Howard-Smith
P.M. McCann
R. N. Oliver
H. D. T. Williamson
Portland
Kandos
Sydney
Berrima
Geelong
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