Takeover hearing adjourned in Victorian Supreme Court
In Melbourne yesterday a Victorian Supreme Court judge adjourned a hearing over takeover bids for Corporate Minings and Investments of Australia Ltd, Westmoreland Minerals Ltd, and Harbour side Oil NL. Caradoc Holdings Pty Ltd seeks declarations that the moves are invalid and contravene the Companies Act. North Deborah Mining NL would delay action until interlocutory injunction summons are heard.
MENTIONED IN THIS ARTICLE
P. R. Jordan
North Deborah
Justice Kaye
Chambers
Melbourne
Caradoc Holdings Pty Ltd
J. & Doube
Caradoc Holdings
Corporate Minings and Investments of Australia Ltd
Westmoreland Minerals Ltd
Harbourside Oil NL
Japanese to survey gas prospects
Two major Japanese gas users will send a survey team to Australia in May to study LNG imports from Western Australia. The Burmah Oil Group plans to sell about one million tons a year to Tokyo Electric Power and Tokyo Gas, rising to five million by 1980 or 1981.
MENTIONED IN THIS ARTICLE
Tokyo
Australia
Tokyo Gas Company
Burmah Oil Group
Japan
Tokyo Electric Power Company
TING
Edwards Dunlop Co Ltd Reports Lower October Half-Year Profit
Edwards Dunlop and Co Ltd, Sydney based in papers and engineering, reports a fall in audited profit for the six months to October despite three new subsidiaries. Directors foresee slower group profit for the half year to April 30 with sales up marginally overall.
MENTIONED IN THIS ARTICLE
Edwards Dunlop and Co Ltd
Paper
Stationery, Transport and Engineering Group
Prowo
Pear
Sa‘c
White River Group to Make Public Offer
White River Group plans a public offer of 171,997 ordinary shares at 7d each and 246,000 shares at 75c each through White River Corporation and White River Nominees Pty Ltd. The group, formed last October after acquiring allied firms, operates in NSW with products including doors and plywood. Paid capital post-offer would reach 1.2 million pounds, yielding a 6.7% dividend at 10c per share, backed by earnings of 11p per share last year on profits of 140,876 dollars.
MENTIONED IN THIS ARTICLE
White River Timber Group
White River Corporaton
White River Nominees Pty Ltd
Australian car industry shifts with Japanese entry and policy shifts
The piece traces the Australian motor market from a GM Ford Chrysler dominance to rising Japanese influence. It notes GM Holden and BLMC struggles against Datsun Toyota Mazda and VW, the 1970s export-credit policy debates, local assembly plans and pressures for rationalisation, and the push to expand CKD components while guarding domestic jobs. It also mentions government reviews and a correction about BHP and Perth engineer Ralph Sarich.
MENTIONED IN THIS ARTICLE
America
Leyland
General Motors
Ford
Chrysler
Holden
British Leyland
Falcon
BLMC
TC Cortina
Cortina
Indonesia
Canberra ALP branch debate pollution stance stirs discontent
A Monday Canberra ALP branch meeting saw between one-half and one-third of members express dissatisfaction with Mer Enderby’s stance on pollution and water contamination amid calls to oppose fluoridation and alleged links to polluting practices. The ACT Electorate Council leader Mr Higgins is cited as uncertain about party support.
MENTIONED IN THIS ARTICLE
Higgins
Pollu
Act
Canberra South
The
ALP
Mer Enderby
Ayitude
Referendum quote sparked political letter in Canberra Times
Mr Faderby of Denman Street Yarralumla argues in The Canberra Times that a referendum would risk dictatorship by the majority harming minority interests while noting the inverse would neglect the majority. The letter discusses voting on coal machines and reflects early 20th century civic debate.
MENTIONED IN THIS ARTICLE
Faderby
Canberra Times
Nunserse
Traffic rules and slow drivers near the centre line
Two correspondents call for strict adherence to traffic rules to safeguard road safety. The writer questions whether those authors observe legal speed limits and speed signs and whether they consider other drivers and road users in their travel.
MENTIONED IN THIS ARTICLE
Clmpston
Fluoride questions and aviculture letter in The Canberra Times
The letter questions fluoride fluoridation, calling it deliberate pollution affecting health, cites US and Tasmanian sources, and urges use of fluoride tablets for those who wish them. It also reviews D H Risdon's book on cage and aviary birds, defending Risdon and clarifying parrot terminology and aviculture practices.
MENTIONED IN THIS ARTICLE
Plese
Canberra Times
Johnson
US Scence Advisory Commission
Mawr
Charles A. Brirch
B.S. M
Cambridge Medical Centre
Rales
Ashyin
D. H. S. Risdon
Nusiaubay
Psitladormes
Commonwealth Industrial Gases Plans Big Capex Increase
Commonwealth Industrial Gases Ltd will raise capital expenditure for the third straight year to meet growing demand for industrial buses. Chairman K Humphreys notes projected 1972 73 capex over 13 million. In the year ended Sept 30 1972 plant and equipment spend hit 122 million, up from 103 million the prior year. A 4.5 million private debenture placement funded part of 1973 needs, with remaining from internal resources. Deferred liabilities rose 1.888 million to 20.21 million, largely due to a bank term loan.
MENTIONED IN THIS ARTICLE
Commonwealth Industrial Gases Ltd
K. ©. Humphreys
Humphreys
Joan
Premier Dunstan Calls National Gas Pipeline Vital
South Australia leader Dunstan described a national gas pipeline grid as vital after speaking in Canberra. He pressed ministers for minerals and trade to comment while noting workers would not be delayed by safety concerns. Dunstan urged speedy progress toward reliable energy for the state.
MENTIONED IN THIS ARTICLE
South Australia
Dunstan
Ft Thonstan
Canserre
Ge Oan
PNG Bank post appoints new PNG Development Bank leaders
The Minister for External Territories Mr Morrison announced the appointment of Sir John Crawford as chairman and Mr Rodney Cole as managing director of the Papua New Guinea Development Bank. Morrison praised Sir John’s distinguished background and noted limited terms while acknowledging Mr Cole’s long service as deputy managing director.
MENTIONED IN THIS ARTICLE
External Territories
Morrison
John Crawford
The
Papua New Guinea Development Bank
Rodney Cole
Sir John
Mrole
Mtr
CSR signs Malaysian sugar export deal worth millions
The Colonial Sugar Refining Co Ltd signed a five year sugar export contract with Malaysia on behalf of the Australian sugar industry. Queensland Sugar Board chair Sir Alan Summerville noted terms are confidential but the deal is believed worth about 30 million dollars with deliveries from 1973 to 1977 and possible extension. Malaysia is expected to receive about 70 000 tons annually, with first shipment in April.
MENTIONED IN THIS ARTICLE
Mic
Melbourne
K Hirooshi Anzai
Tokyotai Company
Allen
Ministry of International Trade Aid Industry
Credics
Hector
Australia
Ral
Toe Peeson
Marte Piy Lad
Ese Trum
The
Colonial Sugar Refining Co Ltd
Malaysia
Queensland Sugar Board
Alan Summerville
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