Caltex appoints Barry T Anderson sales manager ACT NSW
Caltex Oil Australia announces Barry T Anderson as sales manager for the Australian Capital Territory and southern New South Wales. He brings East Coast experience from Sydney, Newcastle, Tamworth, the Riverina and Victoria, and recalls Canberra growth since a nine year prior visit. He succeeds J D Cassell, who resigns to move to Canberra's real estate sector.
MENTIONED IN THIS ARTICLE
Caltex Oil (Australia) Pty Ltd
Barry T. Anderson
Australian Capital Territory
New South Wales
Anderson
Australia
Sydney
Newcastle
Tamworth
Riverina
Victoria
Canberra
J.D. Cassell
Caltex
Cudgen Group Sees Strong Rutile Output Rise
The Cudgen RZ Consolidated Rutile Beach Sands Group reports solid gains in rutile for the quarter to December 31 with 23,697 tons of rutile and 16,770 tons of zircon. Output driven by Consolidated Rutile Ltd on North Stradbroke Island lifts annualized rutile to about 94,788 tons and zircon to 67,080 tons, signaling a potential 53 percent rise if sustained, while world rutile prices climbed from about 100 to 135 dollars per ton in late 1969.
MENTIONED IN THIS ARTICLE
Cudgen RZ
Consolidated Rutile Beach Sands Group
Consolidated Rutile Ltd
North Stradbroke Island
Consoli
Consolidated Rutile
Japan
Eee
Eepbousey
Econ
Tralia
Scothe Fund
International Agen
Cies
IMF
IMF quota increases to bolster loanable resources
The IMF plans quota reviews every five years since 1947 and proposed increases to raise loanable resources from $521.3 million to about $28.9 billion. Australia faces a larger basic quota, with distributions in three annual lots and new gold tranche flexibility, alongside ongoing stockpiles of rutile and zircon production metrics. The report notes the need for domestic legislation to activate the increased quota on October 31, 1970, and outlines implications for Australia’s reserve position and credit tranches within the IMF system.
MENTIONED IN THIS ARTICLE
IMF
Australia
Ausitaai
al- Assan
West German authorisation eases East German trade
Bonn reported that West Germany granted general authorisation for import of East German iron steel and chemical products. Official Willi Kleindienst said the move, effective next month, could lift trade with East Germany by about 15 percent as businesses could buy without individual government clearance.
MENTIONED IN THIS ARTICLE
Bonn
West Germany
East Germany
Economics Ministry
Willi Kleindienst
Brighter 1970 prospects for international monetary system
The year starts with improved confidence and liquidity in the world monetary system. Australia reports two positive developments countering a projected $204 million reserve drop in 1969 70, while sterling franc and mark devaluations and the Washington Agreement shifts bolster adjustment of currencies and reduce deficits and gold demonetisation impacts.
MENTIONED IN THIS ARTICLE
Australia
Washington
Lease of life for gold in new US South Africa pact
The United States and South Africa reached a deal on future sales of newly mined gold that eases liquidity pressure. It allows gold to flow to central banks and the market via the International Monetary Fund system, with the SDRs and Special Drawing Rights poised to strengthen liquidity.
MENTIONED IN THIS ARTICLE
United States
South Africa
Contmands
Stary Fund
Sdrs Africa
Mining firms plan 1 for 1 share issues with premiums
Amad NL Pera Oil NL and Murchison Central Mines Ltd announce one for one share issues at a 40 cent premium to raise funds for expansion of exploration in Australia and Southeast Asia. Pexa plans a Corinthian Petroleum subsidiary expansion with a 60 30 10 percent share split. Books close January 30 for entitlement.
MENTIONED IN THIS ARTICLE
Australia
South-east Asia
I Amad
Anej
Shark Bay
Peras
Amad
Amad NL
Pera Oil NL
Murchison Central Mines Ltd
Pexa
Corinthian Petroleum Pty Ltd
Corinthian
Corintthian
Petroleum Securities Australia Ltd
Land Oil Investments Ltd
Securities Australia Ltd
Murchison Central Mines
Pew
South-east
Asia
P . H Amad
Sts Securities
Wiih Company
Murchison
Oil men to attend Queensland talks in 196? conference
More than 60 oil men from all Australian States will meet March 15 to 18 at the Chevron Paradise Hotel Surfers Paradise for the Australian Petroleum Exploration Association conference. Executive director K M Horler said Premier Bjelke Petersen would open proceedings with themes on mature development and the global economic situation.
MENTIONED IN THIS ARTICLE
Leonard G. May
As and Son
APEA
K. M. Horler
Sydney
Quensland
Bjelke
Petersen
Chevron Paradise Hotel
Paris
Reuter
Severtay
France
M. T. Halboury
Association of Petroleum
L. F. Dott
Pompidou
Question and Society of Exploration
November drop in savings bank deposits steadies at year end
Savings bank deposits rose by 42.2 million in November 1969 aided by government securities. however the overall level remains near 470 million, with seasonally adjusted figures showing a 42.2 million increase and a continuing annual rate influenced by monetary policy and directives from official sources.
MENTIONED IN THIS ARTICLE
I Bank Jendi
Imig
Bankers Association
Savings Bank
Rising pattern of Australian exports and imports
In the six months to December exports exceeded imports by 76.6 million, reversing a 159.2 million import surplus in the same period in 1968. Exports for December 1969 were 317.2 million vs 302.2 million in 1968, while imports were 311.7 million and 263.2 million respectively. The graph uses seasonally adjusted figures. Data published by the Statistics Bureau yesterday.
MENTIONED IN THIS ARTICLE
Statistics Bureau
Japan Tightens Net Foreign Stock Buying Restrictions
Foreign investors face a rising series of controls in Japan as the finance authorities push a de facto ban on net foreign purchases in key stocks like Matsushita and Takeda. The 20 percent portfolio cap, with a practical 23 to 25 percent ceiling, relies on central bank and finance ministry approval, causing market volatility and debates on liberalization by fiscal 1972.
MENTIONED IN THIS ARTICLE
Matsushita Electric
Marushita
Takeda Pharmaceutical
Miem
Tokyo
Finance Ministry
Bank of Japan
Finance
Sony
Also Mentioned on This Page
Mr Barry Anderson
Australia’s Credit
Svety
Laemeron
Lin
JIMF
Jreach
Aore
Peter Long
Economics
Qld
Toa
Pirie ST
Lake Credits Co Pty Ltd
Northbourne Avenue
P.O
Baillay
Petrie Street
Henry Scott Stokes
Komatsu
GAK
Canberra City A.C
Finance Company Ltd
The
Canberra Times
Nowra
Eden
Melbourne
TIMES
John Fairfax and Sons
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