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This newspaper page contains 8 articles. Subscribers can read the full text of each article.
Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Jan 05, 1971
Page
3
Miners opened firm after the New Year, with modest gains and losses across the market. Stocks include Minto, Poko, Nort, and Western Australia explorers, while MeU Holdings and Pioneer Commerce activity showed early movement as traders react to early 1971 figures.
The Development Bank of Fiji approves a government proposal to bolster the Fiji area’s banking framework. Officials aim to improve fiscal maintenance and support vital economic activity across the country.
A fragmented report notes Melbourne mounting a second board test with key figures including the ace and Dean. The text references Sas and Ay but lacks full context or dates. The readable elements suggest a sports or competition setting with notable players and a pivotal moment.
The fragmentary text lists roles and names linked to a managing director and board context. It references Sydney mining, SRG, and Potas or similar terms with unclear associations. Specifics are unreadable, leaving the core facts indeterminate.
In early trading mining shares and oil prices showed modest gains as traders weighed supply signals and demand outlooks. Analysts noted mixed movements across producers with some firms benefiting from higher metal markets while energy equities faced volatility from geopolitical developments.
Western Mining Corp plans to issue about 800000 of its shares to 2500 staff members as part of a cash offer and option package. The move follows a volatile market, with terms tied to one million shares and director participation. It involves Gulf Oil and other groups advising on the restructuring.
A survey reviewed imports of motor cars showing about 3,670 new and assembled cars worth 5.1 million imported by November 1970. It contrasts with 825 cars worth about 0.5 million, and 2,907 cars worth 8.5 million imported in November 1949. The study notes most cars, 2,808 units valued at 25 million, came from Japan.
The Minister for Customs and Excise Mr Chipp said that Alger requests Australian manufacturers for assistance under the Tramping and Subsidies Act had begun.
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