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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Jan 09, 1968
Page
3
The AMP Society announced that a one hour life insurance record totaling 363 units was achieved. General manager Mr W Steel confirmed the feat yesterday.
Rex Aviation plans a 250000 share issue via Rex Aviation Holdings Ltd and Cosmo aircraft accessories distributor, targeting par value 500 Soc per share. The float is linked to Metajpany and new capital aims to exceed prior issue levels, with underwritings and international placements noted. The plan cites Australia and New Zealand connections, with figures and dates from the review.
Group turnover of Commonwealth Industrial Gases Ltd in the first two months of the current financial year was in line with budget. The report notes satisfactory growth and steady performance across segments, with management optimistic about full year prospects.
General manager Mr Th Meh Seam Wer, chair of the Australian Resources Development Hank Tim Ned, announced yesterday that McCermaln Huny Bern was appointed as first general manager of the Dank. Mr Metromain Wlake appointment on February 1 1908. McCromin brings wide experience in institutional finance local and international money markets and merchant banking. He holds a Continent of Actuaries and is an Associate of the Australian Insurance Institute.
Henry Jones IXL reports profit rise with group earnings from 2002.08 to 3,187,270 for year ending September. The firm notes turnover 40.4 million, 18 percent growth, versus 3.9 percent prior year. Depreciation and tax relief details accompany dividend and share changes.
Iron ore pelletising plant in Hamersley Ranges, Western Australia, nearing completion. Kaiser Steel Corporation plans 2.0 million tons annual capacity, with investment from Arko Invest, Bounty Invest, and Conturior, amid rising output and a shift in the region's iron product sales and ownership talks.
More than 100 NSW companies await legal advice on prosecution after yearend 1967 amid broad investigations by the Companies Office. Details show widespread breaches of the Companies Act and related laws with numerous inquiries, court hearings, and a focus on shell and nominee structures. Names and figures indicate substantial penalties and ongoing enforcement across multiple jurisdictions.
Australian vice president John Schroder said Continental Oil faces curbs and higher costs due to new investment limits that affect farmers and traders. The company operates in the United Kingdom Canada and Japan and may adjust strategy as drought and credit conditions bite local industry.
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