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This newspaper page contains 8 articles. Subscribers can read the full text of each article.

Newspaper

Canberra Times

Location

Canberra, Australian Capital Territory, Australia

Date

Jan 20, 1970

Page

8

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.

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.

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.

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.

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.

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.

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.

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.

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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