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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Jan 05, 1968
Page
3
Western Mining Comparsion Ltd states it will sustain a 20 percent annual dividend with a 10 percent interim distribution for the six months ending 31 December. The firm reiterates its commitment to steady shareholder returns and interim payout timing.
The article reports on export excesses and dividend notices tied to Oce share activity, with figures showing exports totaling millions versus imports of $307.1 million. It notes dividends declared and paid in 1980 amid ongoing trade and financial disclosures, including references to January and August payment dates and tax implications.
The Commercial Bank of Australia Limited reported higher half year results ended December 31 amid drought and currency shifts. Directors noted economic strains on rural incomes and savings banks but anticipated a continued though reduced profit for the full year. Transfer of preference stock and ordinary stock adjustments were announced with share transfers set for late January to early February.
Intercolonial Baring Co Ltd of Brisbane reports profit for the year to October 31 rising from 241,705 to 201,932. Despite the higher earnings the dividend has been reduced from 6 percent to 5 1/2 percent, reflecting profit distribution.
The report cites drought and rising expenses hitting profitability for the BHP Esso operation. Ashore and offshore sectors show partial activity with delays in shaft work and reduced output. The latest results show a net decline from the prior year with depreciation and maintenance costs affecting the bottom line.
Fragmented financial note mentions production figures and estimates, referencing rutile and silicon in the United States with unclear units. Key entities appear garbled including Pah AEH and Linited Stalax.
Regulator figures from Sydney show Millers Brewery faced a weak funding year to June 30. After taxes and dividends from related companies, net profit reportedly fell to about 38,275 with pre‑war values around 106,685. The brewery was sold to Tooheys for an estimated near 3 million, details guarded by parties.
Zapala-ODE rig Ltd owner of the Tavenat gular drilling rig reports a profit of 115.32 in 1966-67. The company, part of a multi country exploration group, holds a large stake in a global oil pool and notes significant share shifts as of December 1966.
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