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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Jan 19, 1968
Page
3
British Motor Holdings and Leyland to join forces forming Britain's largest vehicle builder and top exporter. The merged group combines BMC's Mini and Jaguar production with Leyland’s resources, creating a major national motor industry player and exporter.
British Leyland will combine Leyland Motors and British Motor Corporation creating a vast car and vehicle group. The new entity aims to be the second largest global motor maker by sales outside the United States, with about 800 million pounds annual sales and 200000 employees. The plan pools British brands including Leyland and Rover and Triumph cars, with significant overseas markets and a focus on efficiency amid merger talks with American firms.
A CRA spokesman in Melbourne denied reports of a share swap between New Broken Hill Consolidated Ltd and Conzine Riotinto of Australia Ltd. The plan would relocate headquarters to Australia, drawing on prior British tax concerns and a 32 percent CRA stake.
Zambia's coven copper mines produced 677,600 tons of finished copper in 1969, compared with 756,321 tons in 1968 and 612, etc. The monthly average output ranges between 60,000 and 65,000 tons, reflecting the industry trend.
Copper rose on heavy US demand with late-session pause as news on strikes stays thin. Lead eased with sparse bidding, gold held near 35 19, rutile and zircon edges up, ilmenite near 7 5, and sugar steadied with scattered selling as New York advices boosted but failed to sustain gains.
The Australian media landscape unites under a new Media Council of Australia announced by Mr K K Murdoch acting as first chair. The body brings together press radio and television groups to streamline accreditations avoid duplicated procedures and consolidate secretariat functions under a single Sydney based umbrella.
The 12 months to December 1967 saw 413,352 new motor vehicles registered in Australia, up 34,982 from 1966. Cars surged by 30,519 and motorcycles more than doubled from 9,705 to 17,314. Last month registered 35,436 vs 33,499 in December 1966, with figures released by the Commonwealth Statistician.
Black and Decker profits for the year to September 30 slipped after tax to 56 253 dollars from 296 438. The subsidiary, part of the US company of the same name, paid dividends totaling 219 540 against 233 460 previously.
Amalgamated Holdings Ltd reports interim dividend payable March 1 with books closing February 15. Directors note lower six month profit to December 31 1967 versus 1966 due to reduced film reforms and screening volumes. Several subsidiaries including Mudlalee Santos and Delhi Australian Petroleum show steadier gains in the period.
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