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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Jan 19, 1961
Page
6
Ansett Transport Industries plans to take over Mandated Airlines and two related services as a major expansion. W R Carpenter Holdings would become the largest single Ansett shareholder through a 2,000,000 share offer and cash balance. Mandated will continue operating in Papua and New Guinea under its name.
The ordinary share index dips 1.07 to 78442 with 118 declines and 94 gains among 4& investment stocks. BHP drops 1/5 to 62/-, Timor Oil rises to 8/3 after yesterday’s gain and other miners and banks show mixed moves. Norfolk Island and Whale Industries hold at 5/6 and 12/9.
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