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This newspaper page contains 14 articles. Subscribers can read the full text of each article.
Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Jan 11, 1966
Page
2
Holden exports rose 414 percent in 1965, reaching 19,369 vehicles and surpassing the 1964 record of 13,693. GMH managing director Max Wilson announced the strong performance, with 1965 overseas earnings totaling £10,800,000 for Australia.
Reports from London indicate the International Tin Club meeting may steer higher prices for tin. Delegates expect discuss ions on production and shipments by Holden and other producers, with potential gains for exporting nations and concerns over supplies in the coming five years.
Mr Galland increased his 25 percent stake in the West Anetraling financier through open market shares and the purchase of a 1 percent interest from founder Mr Tan Acer, signaling a new control bid.
Tad Mr Galland said no further overseas funds were needed and a fresh agreement had been made to secure money. The board decided to inform shareholders to help them assess a better position for their shares. Present capital stands at £400,000 in two million four hundred thousand shares. In the year to November 31 the company earned £46,278 and paid a maiden 5 percent dividend. Borrowings fell from £171,820 to £113,860, with packing costs increasing the borrowings zone to £570 per ATW.
Canadians lost control of most canning foods drugs and surgical dressings last year as foreign buyers, mainly U S concerns, bought Canadian firms. A Globe and Mail tally shows 19 sales in 1965 vs 1 in 1964, doubling amid public concern over economic and political influence. Major sale: John Whatt Ltd, Canada’s largest brewery, to an American firm for about 79 million dollars.
Fragmented OCR text notes foreign buyers and Canadian assets last year, referencing government actions, a Taranto-based company, and a power co. deal for 9 million in US funds. Mentions Montreal Credit Corporation and Consolidated Paper Cinele in New York, with doeskin proxy inc. acquisition.
Directors of David Brown Properties Pty Ltd discuss their takeover proposal to Somerdale Richardson Thavit Brown rl Ae x veal of the merger. The deal aims to reorganize sales and product lines, with profitability and liquidity under strain. The Pacific Insurance Cost will pay an unchanged interim dividend, and 7,900 shares were exercised under the stock options plan.
Acton Holdings Ltd announced the acquisition of Windsor Women Development Pay Ltd. The report notes discussions and plans tied to brokerage rule changes in Sydney and references related securities and contractual details. The fragmentary text mentions parties such as Welland Pty Ltd and various Australian locations.
The article explains a 1965 pay scheme where employees may form capital via a law to promote capital growth. It notes a 312 DM shortfall and discusses premiums, wage increases, and the potential 1.4L DM family benefit, highlighting employer roles and differing views on savings incentives and economic impact.
Stock option transactions list shows mixed activity with several entries dated 16/8 and 9/9. Traders and brokers report varied volume across equities as positions shift in late summer trading sessions.
The text discusses arcane terms about trade union contracts and capital growth. It notes unions push for wage increases while employers fear higher costs and reduced profits. It references a 7.4 billion DM expenditure and concerns about a potential agreement.
A six member Japanese delegation led by Takao Kumazawa will travel to Australia on Wednesday to urge Canberra not to impose measures restricting imports of stainless steel sheets from Japan. The mission aims to meet government officials during a ten day visit and argues Japanese exports have grown, seeking to counter anticipated Australian protection actions.
New York banks report slowed cheque transfers as a key transport strike hits Americas financial capital. The Federal Reserve Bank for New York and parts of New Jersey and Connecticut notes reduced currency transfers while the New York Stock Exchange moves operations to a New Jersey center for processing. Early impact appears limited outside New York but could grow if the strike endures, with hundreds of major corporations tied to New York operations.
Copper shares in high demand as May trading shows gains on the Sydney Stock Exchange. Reports note stronger buying in copper miners, with Mount Morgan and Broken Hill lines advancing after tight supply. The All Ordinaries index climbs, while ANZ and CSR stock activity signals broader market strength amidst a volatile week.
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