Break-even Outlook for DRC Investments at Racecourse
DRC Investments Limited chair K G Harris told shareholders the Jakarta Racecourse operator could reach break-even by June 30 next year depending on talks with Indonesian partners about new activities. He noted potential revenue impacts from proposed ventures, claimed a near zero chance of failing talks, and said costs had been trimmed though bets and prospects remain uncertain. Harris announced updated figures are being prepared and a formal statement will follow. the meeting saw board positions re-elected amid an anticlimax.
MENTIONED IN THIS ARTICLE
DRC Investments. Ltd
Jakarta
K. G. Harris
DRC
Parris
RB. Cielhart
J. Walandouw
Exports rise as Australia notes four month surge
Preliminary figures from the Statistcs Bureau in Canberra show Australia exported to all countries worth 1,892.5 million over the four months ending October, up 295.6 million from the same period last year. Japan remained Australia’s top customer, buying goods and services valued at 4417 million, compared with 453.8 million in 1971.
MENTIONED IN THIS ARTICLE
Australia
Canberra
Sealistics Bureau
Japan
Directors Resign as Ampol and Bulkships Reorganize R W Miller
R W Miller Holdings board sees the chairman managing director and three directors resign. Ampol and Bulkships replace four with three officers from their groups while Sir Ian Potter gains a chairmanship role. Howard Smith holds about 35 percent, Ampol about 25 percent, Bulkships around 25 percent, with combined 54 percent backing the change. The Court ruled an allotment to Howard Smith invalid as an eight week litigation continues.
MENTIONED IN THIS ARTICLE
Ampol Bulkships
R. W. Miller (Holdings) Ltd
R. W. Miller
Ler
Peter Abeles
Howard Smith
Ampol
Bulkships
RW. Miller
W. Miller
Ifoldings} Ltd
Taylor
Onts
Miller
Gom- Pans
Mir Taylor
Night
Tan Powter
Leonard
Harria
W. Howard-Smith
Ampol-Bulkships
W Miller
Howard-Smith
Equity
Justice Street
Record deficit widens as imports surge in November
Washington reports a sharp rise in the US trade deficit for November driven by record-high imports. The Commerce Department says the deficit reached 15.9?2 million, about 4460 million, worsening the first 11 months of 1972 and marking the worst year in U.S. international commerce. The data casts doubt on claims of-improvement and questions any turnaround in the trade balance.
MENTIONED IN THIS ARTICLE
Washington
United States
LS Commerce Department
Associated Press
Takeover bid for Muswellbrook Industries announced
Dru announces a takeover offer for Muswellbrook Industries Ltd for all issued capital. The bid value and terms are not fully clear in the fragment, but the notice states the Prime Minister's Department has been informed of the plans.
MENTIONED IN THIS ARTICLE
Fquiry Dru
Muswellbrook Industries Ltd
Muswellbank
Industrial Fanty Eres
Fors Sand
Italy faces crisis zero profits quoted by Fiat head
Italian industrial crisis described as zero profits with firms incurring losses and relying on reserves. Agnelli warns Fiat may join the red. parastatal groups also report losses. Inflation, wage costs, and devaluation speculation deepen troubles as production falls and unemployment concerns rise.
MENTIONED IN THIS ARTICLE
Giovanni Agnelli
Fiat
Italy
Agnelli
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Omer
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Roi
Howard Smith Ltd
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Azpitt ST
Sydney
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Pirelli
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Instituto Per la Ricostruzione — Industriale
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Finmare
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Northbourne Ave
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L. J. Hooker Ltd
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Hee
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Ravetars Menaueient Bivinien Aptelt, Méemiet of Wel
Bam
Jed Hilde
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Wenelin
Sackett
HOLT
Auiet
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Aranda
Red Hill
Saym
Deaken
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Holder
Hughes
Pearce
Chifley
R. Bertram
Deskin Court Deakin
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Rei
Little Pattie
Civic Spm Te Lam
Department OF the
Ad Seco
ACT Social Club
RSL
Moore Street
City
M. Whittaker
Robert Burns
Kerry Fo Smuth
David Walker
Amipper
Pryin Icklayver Gang
Lyell
Quint Fyshwicka
Demolitions Py Ltd
Amare Aven
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