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Canberra Times in Canberra, Australian Capital Territory

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This newspaper page contains 10 articles. Subscribers can read the full text of each article.

Newspaper

Canberra Times

Location

Canberra, Australian Capital Territory, Australia

Date

Jan 27, 1968

Page

7

Lend Lease lifts profit amid revenue dip

Lend Lease Corp Ltd reports a 14.6 percent rise in six months to December 31 with net profit up from 58,702 to 755,151 while group revenue falls 11.9 percent to 26.5 million. Interim dividend rises to 6 percent as directors say performance meets expectations and market speculation grows on a potential Australia offer.

Lend Lease Corp Ltd

Vehicle and General to make 1-for-1 new share issue

Vehicle and General Insurance Co Ltd plans a one for one issue to shareholders on February 12 introducing 2.8 million new shares at 4c each to fund expansion and strengthen capital. Directors expect higher profits for 1968 with a dividend of at least 74 percent. the issue is underwritten by Faward Ward and Co. Country Traders Mall Insurance Ltd backs the plan with related underwriting.

Vehicle and General Insurance Co (Australia) Ltd Traders Mall Insurance Fame 40 Melbourne Faward Ward

Record price for seats on the American Stock Exchange

New York reports say a 39 year old record was broken three times in a week as seats sold for 260000 dollars, surpassing the prior 254000 dollar high from 1929. Exchange president Ralph Saul urged member brokers to probe and curb speculative deals.

New York Reuter American Stock Exchange Ralph Saul

Fire Fighting profit more than double in half year

Consolidated net profit for Fire Fighting Enterprises Ltd for the six months to December 31 more than doubled from the previous year. Directors cited improved gross profit rates across sectors, higher interim earnings, and noted profits did not include sterling devaluation effects. Last declared dividend stood at an 8 or 9 percent rate with further details in the interim report.

Fire Fighting Enterprises Ltd Metropolitan Wholesale Meat Co Ltd Sterday The Stock Exchange Napier Brow Ltd Queensland Sear

Hilton Bros Holding profits rise in December half-year

Hilton Bros Dress designer Hilton Bros Holdings Ltd reports higher half-year profit than the previous year when some non recurring costs weighed on results. Turnover edged up. No interim dividend mentioned in yesterday's statement. Last year it paid 7 percent in May.

Hilton Bros (Holdings) Ltd

Australian Paper Makers reports $11m gain from devaluation

Australian Paper Manufacturers Ltd reports revenue and capital gains totaling $11 million due to sterling and currency devaluations. Interim results note firmpriced material contracts and loan arrangements boosted earnings. a $708,477 capital gain from machinery purchases added to depreciation. Production ramps include Fairfield No 6 starting after initial issues and Maryvale Mill nearing completion with March production planned.

Australian Paper Manufacturers Ltd Fairfield No 6 Botany

WMC closes final call on 1966 issue shares

Western Mining Corporation Ltd closed its register at end of yesterday for the fifth and final call on 10c capital and premium shares. The 4c paid shares will be quoted as fully paid from Monday but deferred for dividends until 1969, with the call payable on February 23.

Western Mining Corporation Ltd Spm The Stock Exchange

Australian Parking Led lifts interim dividend to 64 percent

Australian Parking Led reports a six month period to December 31 with profit rising to 30,279 from 2,030. The Melbourne company operates four car parks at Bourke and Hardware Streets and confirms the 64 percent interim dividend. The document also notes changes to processing costs and an unclear line about 22,9888.

Bourke and Hardware Melbourne

Wool sales see strong demand with Japanese buyers

Demand rose at wool sales this week as Japan led fleece wool purchases. Australian Wool Board data show 114,400 bales offered across two centres, with keen competition from the European Common Market and Eastern Europe. Local mills and the UK bought wools suited to their needs, Merino types dominating Sydney offerings.

Australian Wool Board Japan Europe United Kingdom Sydney

New Mining Company Forms in Sydney Capital Set at 1.1 Million

The New Mining Company registered in Sydney with final capital of 1.1 million, comprising 1.2 million 50 cent ordinary shares and 00,000 9 percent redeemable preference shares. Directors include C Mines of Toronto and J G Donald. exploration focus on King Island. Registrar's records show 1,094,400 ordinary shares and 64,400 to be allocated in Melbourne.

Australia Sydney Man Board C.mines of Toronto Canada King Island T. A. Nestel Naracoopa William Young O Pnr McMahon Eppa Fl Amad Melbourne Mount Bales

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