Subsidiary of Thiess posts $2m loss with equity offer
Thiess Holdings Ltd subsidiary reveals a net loss of $2,089,428 for the year ended June 30 and announces a one for five share issue at 10c to cover write downs. Directors expect the issue to absorb the loss and a $1.75m share placement may follow. Over-subscriptions allowed. loan rate set at 10 percent. Commercial Bank of Australia reports a steady interim dividend of 4 percent for the half-year to December 31 with growth across group operations. Kiwi International Co Ltd maintains an 8 percent dividend after year to August 31 with profit of $1,276,317 on higher capital. Final 4 percent dividend due February 10.
MENTIONED IN THIS ARTICLE
Thiess Equipment
Sydney
Tributors Pty Ltd
R. Raines
I. Walton Sidiary
Thiess
D. Thompson
Eh Cing Pn Ty
Od RT Co Ltd
Commercial Bank of Australia Ltd
Kiwi International Co Ltd
Theseus
Stephens
Widrhores
Elvan
Ste- Enoch
Hens Group
Port Ltd
le Ae Oca
Wisate
Satheac Guay
Mayne _ Nickles
Fatennad
Mtrectors
Mayne Nickless
Air
Mayne Oe
Nickless
Ee Soc
D Day plans for decimalisation roll out at London Stock Exchange
The London Stock Exchange reports full readiness for decimalisation with tested revised programmes and an all systems go status. A new pamphlet outlines changes: prices and accounting move to pounds and new pence from February 15, with several days of banking and exchange closures to carry out the transition.
MENTIONED IN THIS ARTICLE
London
the Stock Exchange
Times Business News
The
Exchange
Stock Exchange
Stock Exchange Wiil
ICI
Geoffrey Burrill group mining float faces delays in Australia
Geoffrey Burrill’s mining venture plans to list on the Perth Stock Exchange after months of negotiations. Geologist Dr Bevan Warris and Mr Roberts expect seismic results by mid July, with a 200,000 share placement and a 453-90 price anchor. The firm, formed last October, aims to invest in minerals and trade in shares while pursuing exploration, aiming to supply Sydney’s needs and potentially gas if found.
MENTIONED IN THIS ARTICLE
Burrill Consulting Geologist Group
Glomar III
Argentina
Geoffrey Liy
Cal
Burrill
Roberts
Pany
Perth Stock Exchange
Apy
Acutnbntp
Botany Bay
Newport
Ipralians
Geoffrey
Geoffrey Bur
Warris
Sydney
Nsw
Fife
Nickel explorers target Western Australia deposits
A regional exploration programme led by Pseidon and partners targets nickel bearing ore in Western Australia. Geologists report a magnetic anomaly at Korong Well and find metal potential near Narnding Murphy Hills and Mt Clifford. The group plans grid mapping soil sampling and deep drilling funded by 1.2 million dollars to pursue a viable mine.
MENTIONED IN THIS ARTICLE
Pseidon
Fetals Exploration
Kimberley Mineral
Nepean
Perth
Greenvale
Mt Keith
Australia
Narnding
Dee
Murphy Hills
Korong
Mt West Coast
Wallon
Mt Clifford
Mt Burgess
Borg W W begins venture in Albury NSW plant
Borg-Warner Australia Ltd started production from a new 14 million automatic transmission plant in Albury NSW. Production began 11 months after expansion was announced. First workers include two 16 year old apprentices at start, with more to follow as the site ramps up.
MENTIONED IN THIS ARTICLE
Borg-Warner (Australia) Ltd
Albury
Nsw
Mr Fuller
Poller
John Harding
Lavington
Graham McInnes
Bulgandra
John
Graham
Lalse
Altarama Minerals
Fuller
Nicron Ltd
G. Sygalt
Nicrassembly
Ron
G. Jagelman
Nicron
Attitude to tariff policy attacked at Victorian chamber
The Victorian Chamber of Manufactures criticised the Government over tariff policy. President C R Nichols said the Government’s stance was unclear and that clothing and textile industries faced threats from cheap imports from low-cost Asian nations. He attacked tariff board rigidity and noted unfairly high tariff rates on some industries.
MENTIONED IN THIS ARTICLE
Victorian Chamber of Manufactures
C. R. Nichols
Salicy
Particulr
Nichols
Tariff Board
Guadalcanal Plains Ltd
Joans
Australia
Stephens Advises Acceptance By Company Directors
Sydney based customs and transport agents F. H. Stephens (Consolidated) Ltd directors advise acceptance of the proposal.
MENTIONED IN THIS ARTICLE
Stephens
Customs and Transport Agents
F. H. Stephens (Consolidated) Ltd
Share Options Bid Over Stephens Takeover Offer
Shareholders yesterday faced a takeover approach from Mayne Nickless Ltd valuing each Stephens share at about 1.71. Stephens directors called the Mayne Nickless bid a “much better offer” and described ongoing friendly negotiations aimed at a merger benefiting both firms.
MENTIONED IN THIS ARTICLE
Mayne Nickless Ltd
Stephens
Mayne Nickless
Bee Stepens
Mayne Nickles
Mayne
Major Crusher Order Ahead for Bougainville Project
A Bechtel-WKE order for six 74 ton short head tertiary ore crushers made by Ruwolt Pty Ltd for Bougainville Copper Pty Ltd is worth 1.75 million dollars. These six units are the first of 18, destined for transportation to Bougainville. It’s described as the largest single order of this crusher type in Australia.
MENTIONED IN THIS ARTICLE
Risals
Vickers Australia Ltd
Bougainville
Ers Ruwolt Pty Ltd
Australia
Bougainville Copper Pty Ltd
CRA Group
Bechtel-Wke
Wapet plans new offshore well in Warnbro area
Wapet chair W Totten announced plans to drill a new offshore well 45 miles northwest of Bunbury in Western Australia using the barge Jubilee. Warnbro No 1 had already been drilled and the company aims to run a later hole if the seas permit. The plan follows the offshore exploration program and related operations begun by the company.
MENTIONED IN THIS ARTICLE
W. Totten
Faeries
Peole
Wapet
Ico
Warnbro No
Bunbury
Mr Totten
Western Australia
Warnbro No 1
de Way
Two rigs ready for gas search offshore Sydney
Two drilling rigs were available to replace Glomar HT in the search for natural gas offshore from Sydney, the chairman of Longreach Oil Ltd, Mr J. E. Roberts, said yesterday.
MENTIONED IN THIS ARTICLE
Glomar HT
Sydney
Longreach Oil Ltd
J. E. Roberts
Also Mentioned on This Page
Busi Ea
Recen
Kiwi
London Exchange
Security Express
England
Wales
Scotland
Ireland
Burrill Group
Péaudoc
Longreach
Bevan Warris
Wly
Mr Roberts
Wit
Kimberley
Cmpany
Ittv
Laverton
Borg W
Lbury
First National City Corration
Firstational City Bank of New York
Guadalcanal
Capital Advances
Petrie Street Civic Centre
Eric Andersons
Poseidon
Kings Cross
Roslyn Gardens
Elizabeth Bay
Sour Tefiz
Cart-Boyd
Spa
S ‘Sc
Lake View
Ik Merala Et Sal
North Sale
Woodside
Canberra Times
Canberra
Sydney Morning Herald
Herald
Sydney Horning Herald
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