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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Dec 30, 1972
Page
4
A garbled television schedule fragment lists channels and show times such as Saturday and Sunday line items. It includes mentions of channels like CHANNEL 3 and Wollongong and references to programs and times though many words are unreadable. The text resembles a clipped TV schedule page with inconsistent branding and stray numbers.
The Government will extend the bounty for Agricultural Wheeled tractors as stated by Dr Cairns Minister for Secondary Industry. He told Parliament that legalisation would persist and payments, which were to end Sunday, will continue while longer term needs are assessed.
Additional two Australian firms are eligible for the bounty. Government decides not to extend beyond year end the extra bounty on sale of Australite built tractors. Current van protection for production of injection or puncture geodies to continue for another year.
Sydney based Wallace James Wallace Holdings Ltd reports a sharp trading reversal for the year ended June 30. The company posts a loss of 369,960 versus a prior year profit of 471,070. Directors declare final dividend and interim payout of 26. The report notes a capital loss of 94,829 and no profit attributable to outside shareholders of 341,87,200.
The Melbourne exchange observes holidays with closures on Tuesday January 4 in addition to the New Year holiday on January 1. The note indicates regular operations paused for the specified dates as part of the holiday schedule.
Judge Morris ordered North Deborah Mining NL and directors to halt takeover plans of three mining firms amid Victorian Supreme Court dealings. Caradoe Holdings Pty Ltd seeks declarations that the moves breach the Companies Act, with a hearing set for next Thursday as balance sheets for the target companies remain over a year overdue. Directors named include Bryam Miller, Bela Caidein, Mark Francis, and Leonard Coulson.
The Prime Minister was asked to stop a merger between Murray Goulburn Co Ltd and South Gippsland Milk Industries. A telegram from dairy farmer Mr David Wilkes alleges Japanese capital backs the bid, fearing monopoly and boycotts from local farmers if the takeover proceeds.
Shareholder opposition forced Australian Ammony Corporation NL to amend ten option proposals. Directors presented an updated resolution at the annual meeting, extending the option period to December 31, 1973, with exercise by payment of shares and balance due by year end. The small investor group urged regulatory intervention and criticized the original terms.
The British Government says it will end the United Kingdom Australia Trade Agreement with one month’s notice. Overseas Trade Minister Dr Cairns stated termination takes effect tomorrow and URATA ends January next year. He cited Britain’s move to join the European Economic Community as incompatible with the current terms.
Japanese shoppers spent an estimated 34 000 million on gifts and services in one of the nation’s largest year end sales on record. Mitsukoshi Seibu and Daimaru warehouses reported up to 25 percent higher December volumes with Nobonbashi’s Milaukosh main store posting a record 86 million dollars in a single week. Gifts were exchanged among employees and superiors, with best sellers including seaweed tea towels toiletries and electronic devices. An electric air purifier and a 100 000 yen Napolean hat were noted as standout items.
Pickands Mather Co, operator and minority shareholder in Savage River iron pellet project in Tasmania, to be acquired for about 6 million by Moors and McCormack Co, a major American shipping group. Buyout follows Pickands Mather becoming a wholly owned subsidiary of Diamond Shamrock in 1969.
Fragmented text mentions profits around 3096 million and 0875 million, references to Al Mveyue Of SUSA, Savage Ryser project, three stages in Canada, and five months of unspecified period. Unclear context and many garbled phrases hinder precise summary.
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