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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Jan 05, 1973
Page
3
A damaged OCR fragment references weather or sea conditions and wool prices with unclear details. It mentions highs, a sea and wool context, but concrete facts or dates are unreadable. The readable pieces point to generalized trade notes rather than a clear event.
The Department of Overseas Trade gears for the first GATT Preparatory Committee meeting toward month end. It will draft mandate guidelines for the next multilateral GATT round and begin work at Canberra and Geneva venues. Delegations from Australia aim to shape substantive negotiation agendas ahead of September talks.
A chaotic report outlines plans for a preparatory committee as discussions on the General Agreement on Tariffs and Trade move forward. It highlights push for agricultural reform, market access, and the role of developed and developing nations in shaping future trade rules.
The Federal Government seeks specialized market products to widen primary production links. Dr Cairns says demand targets beef and wheat markets. a chartered ship, the Ceres, carried 1,850 beet shipments worth about $50. Elder Smith Gate reports progress toward regular shipments to Japan and other countries.
Four of the seven directors recommend acceptance of Miklia (No 4) Pty Ltd’s cash offer of 5.5c per share. The statement notes two major shareholders have already sold about 3.524 shares 37 percent of Theseus’ capital. Several directors abstain from accepting while others indicate plans to accept. The company reports Theseus’ net assets and share value as of December 1.
Metro Industries acquires Perth based Gradshaw Pty Ltd and Web Grating Pty Ltd. The extended Bradshaw factory on Belmont Avenue will operate as a larger combined facility. The move aims to boost production of engineering hardware and related products under a unified setup.
A notice states the authority of a Chinese bank was revoked on December 2. The informant, Mr Crean, reports the action involving the Bank of Chimay and says the authority was withdrawn by the Feder. The fragmentary text references international commercial banking and a public notice appearing above the Tweasier.
Figures released by the Sanistics Bureau show savings banks deposits increased by 299 million in November, a record for any month. Victoria led with a 52.5 million rise, while the Northern Territory posted 2 million, with NSW and Western Australia also reporting gains.
A review of Australia’s economy warns rising consumer spend could challenge economic management. It notes higher wage growth, government outlays, social welfare payments, and stronger savings may lift demand for durable goods while inflation risks and investment plans influence overall growth prospects. The Bank suggests monetary and fiscal balance is needed to sustain activity amid renewed global demand.
The Bank of NSW annual report for the year ending September 1980 highlights increased loans and deposits, with total assets near 1.2 billion and a record profit of 28.9 million. The report notes stronger savings growth, branching into rural deposits, and continued consolidation of associated companies within the group.
Directors estimate market value of the bank's pre-puse sites and holdings exceeds book value by about 18 million. The annual report issued yesterday for the year ended September 1 shows 42.5 million issued shares with net tangible value cited, and a substantial rise in total assets and earnings.
International Transport Workers Federation leaders denounce American bombing of North Vietnam and discuss a possible ban on US ships entering Australian ports. Melbourne and Sydney reports cite union leaders predicting limited action and potential ACTU involvement, with warnings of job losses in Australian shipping and related industries if policy persists.
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