Fried Chicken stock plans eyed for Australian expansion
The Kentucky Fried Chicken Corporation weighs a stock issue to attract Australian investors as global growth targets push toward 180 stores in Australia and a billion dollar food operation in the 1970s. International president Robert la Pointe spoke in Sydney noting rapid franchise-driven gains and plans for Colonel Harland Sanders' Australasian visit and follow‑up company events.
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Kentucky Fried Chicken Corporation
Robert la Pointe
Sydney
New York Stock Exchange
la Pointe
Australia
Harland Sanders
Sanders
Kentucky
Honolulu
New interests for Hunter Motels Directors plan asset sales
Directors of Hunter Motels Ltd propose selling assets and renaming the company to Incorpora ted Underwriting Ltd. They recommend motions for an extraordinary general meeting to sell sites used by Cara park Pty Ltd and Carncraft Pty Ltd in Ashfield Sydney, relocate or wind down operations, and sell the Munter Motel at Muswellbrook. The board favors shifting toward merchant banking and real estate and pastoral investments.
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Carapark Pty Ltd
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Sydney
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1970 Forecast Copper To Lift Chile Economy
The Chilean State Planning Office ODEPLAN released its 1970 short-term forecast noting copper prices weigh on 1971 at around 45c per pound, with 1969 price used as a base. It projects a 9 percent rise in GDP in 1970, driven mainly by copper mining, though production forecasts for major mines lag, and gains may rely on smaller mines and domestic demand. The report also cites instalment buying of durable goods and Banco del Estado expanding public credit to spur consumer purchases.
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London
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J. B. Young Limited
Agriculture and Industry Outlook in Chile Budget Review
The plan foresees growth in agriculture with new cooperatives and land reform producing more land. Manufacturing is set for about 9 to 10 percent growth reversing 1967 68 trends as demand grows 8.5 to 9.5 percent though inflation limits purchasing power. Chileans accept a 20 percent surcharge to buy now.
Indoor Bowling targets WA nickel boom with share split
Indoor Bowling Australia plans to split 50¢ shares into WA units and seek more capital as it negotiates for prospective nickel areas in Western Australia. Colertone Holdings has gained control after bidding 40¢ a share and now holds over 500,000 of Indoor Bowling’s 2.8 million shares to finance nickel exploration and company development.
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