Shipping freights rise 7 percent from April in Australia
The Australian Northbound Shipping Conference announced a 7 percent freight rate increase to operate from April. Conference chairman M. M. Speyer cited rising operating costs since 1967, noting general cargo loading costs up 23.7 percent and refrigerated cargo up 45.4 percent. Member lines include Australia West Pacific, Australian National, China Navigation, and Nippon Yusen Kaisha among others.
MENTIONED IN THIS ARTICLE
M. M. Speyer
Sydney
Melbourne
Australia-West Pacific Line
Australian National Line
China Navigation Co Ltd
Dominion Navigation Co Lil
Eastern and Australian Steamship Co Ltd
Indo-China SN Co Ltd
Japan Australia Line
Kawasaki Kisen
Kaisha Knutsen Line
Mitsui Osk Lines Ltd
Nippon Yesen Kaisha
Royal Interocean Lines
Melbourne wool sales open with steady inquiry
Wool values showed steady inquiry at the opening of the eighth series of Melbourne wool sales yesterday. All grades of comeback and crossbred wools except very broad qualities drew consistent demand, with occasional minor improvements noted.
MENTIONED IN THIS ARTICLE
Melbourne
Labour demand remains strong in Australia in December
Labour figures show unemployment at 77,069 or 14 percent of the workforce, with 41,437 vacancies. Seasonally adjusted data place unemployment at 62,556 and vacancies at 48,073. Banks report lending rising from 33.5 to 40 million, and deposits reach a record 6,753.4 million as of December.
MENTIONED IN THIS ARTICLE
Australia
Victoria
South Australia
Tasmania
Western Australia
Queensland
New
South Wales
Snedden
Canberra
Glaustics Bureau
Australian Bankers Association
R. B. Cameron
Reconstruction of Healing urged in troubled Sydney group
Hamilton and Ferrier proposed a reconstruction of the A. G. Healing Ltd group in receivership after reporting losses near 12 million. The plan envisions continuing the business behind the holding company with five year convertible notes to settle unsecured debts, with assets of about 9.4 million available to support the notes after priority and secured creditors are paid.
MENTIONED IN THIS ARTICLE
Sydney
Hamilton and Ferrier
A. G. Healing Ltd
Hamilton
Sydney Stock Exchange
Stock Exchange
McWind
T. Edgar
Stock Exchange of Melt
Majorbourne
Major Share
W. Ogilvy
Ogilvy
Ferrier
A. E
Goodwin Ltd
Hadfields
Steel Works Ltd
Healing's Ferrier
Inces
Decision today on 20 per cent cut in wheat
The United Farmers and Woolprowers Association meets to decide stance on a 20 percent wheat quota cut for 1970. NSW delegates advocate no grower should face more than a 20 percent reduction. AWF discussions in Sydney focus on recommended quotes for New South Wales amid storage concerns and cross-state differences.
MENTIONED IN THIS ARTICLE
United Farmers and Woolprowers Association
Sydney
Nsw
Australian Wheat Federation
UEWA
UFWA
AWF
Max Aid
Tamworth
Bert Gunning
Cootamundray
Jack Cass
Young
Ridd
Gunning
Cass
BHP reports higher December 1969 production across metals
BHP's output rises in December 1969 from December 1968 across most product lines. Key figures show coke 532,096 tons vs 303,102, iron 519,781 vs 513,691, steel 598,341 vs 544,695, and bloom and slab 517,766 vs 502,853, plus increases in heavy and ceat, plate and strip, merchant mills, rod mills, cold rolling, tinplate, ironstone, pellets, lime, and dolomite.
MENTIONED IN THIS ARTICLE
BHP
Merchant
Rad
Cold Rolling Mills AG
Capel Court asset backing improves across group in 1969
Capel Court Investment group reports improved asset backing per share for its members as of December 31 1969. The holding company plans to reduce public capital from 87.3 million to 7500000, issuing assets valued against unsecured creditors. Figures show asset backing per share for each company, with Jason Investment Co Aust Ltd and others listed alongside earlier year figures.
MENTIONED IN THIS ARTICLE
Supreme Court of the
Australian Capital Territory
Alfred Thomas Morgan
St Ives
New South Wales
Permanent Trustee Company
Canberra
Office of
London Circuit
City
London
Supreme Court OF
James Corbett Lyon
Griffith
Maine
Perpetual Trustee Company
AML
Macphillamy Cummins and
Capel Court Investment Group
National Relayour
Canuer
Vorinums
Belliance Investment Co Ltd
Fease
Capel
Court Investment Co
Palgrave Unveils Plan To Float Gem Venture After Collapse
Palgrave Corporation and Landmark Corporation officials announced plans at a conference for a new public company to exploit opals and other minerals. Chairman Mr A Barton outlined a 600000 shares at par and options, with underwriting by Johnson and Wedell. The move follows the failure of Gem Corporation Ltd and aims to restore value for creditors and shareholders.
MENTIONED IN THIS ARTICLE
Palgrave Corporation
Ltd
Finant Landmark Corporation Ltd
Association Cial Press
Gem Corporation Ltd
Sydney
Palo
Palgrave
A. Barton
J. QO
Pilie
Wae
Ae & E
Aree
Barton
Pal
Pal- Brave
Eratia
Johnson and Wedell
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Melen
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