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This newspaper page contains 11 articles. Subscribers can read the full text of each article.
Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Jan 27, 1973
Page
9
A chaotic transcript shows Sedney CBC Rinking Company members and allies arguing over a management change and rehab program. The meeting features officials and representatives from multiple groups who push different agendas and call for accountability while navigating tensions within the organization.
The Broken Hill Proprietary Company Ltd warned of stagnation in Australia’s steel industry and rapid growth of steel imports. It reported a potential price rise for steel, with projections of higher capital expenditure to meet domestic demand and sustain investment, while noting the need for adequate margins to support further expansion.
The Brokers Hill South Ltd report shows mine closure at South Mine boosting overall profitability. Lead and silver output declined while copper rose, lifting revenue from reduced overheads. Elimination of unprofitable sections and cost controls helped the group post improved pay and anticipated profits despite lower output in lead and silver.
The Sydney tetrapolitan area housing market shows an 11.7 percent rise in average sale price for 1971–73, with the Estate AAgenin Co-operative Ltd noting a 82.5860 increase and listing about 1800 properties. The AC and cooperative actions aim to stabilise costs as 1977 projections anticipate continued growth.
The Minister for Primary Industry and Senator describe Canberra talks on reducing fruit canning output. They cite continued large stocks and restrictions affecting canneries in the Susathan industry sector.
The Bank of South West chairman Sir John Canwalinder warned at the annual meeting that recent revaluation of the Australian dollar could cause embarrassment for export and domestic industries amid unsettled employment and costs. He urged cautious policy, noting fresh government power in Australia and New Zealand would demand careful social and economic reforms while preserving living standards and economic stability.
Deputy general manager BN Kelman of Colonial Separkefiing Co Ltd warned in Perth that Pacminex faces difficulty establishing the alumina project if the Australian dollar is revalued and overseas borrowing costs rise. He noted the move would raise apparent alumina prices for overseas buyers, potentially affecting Australia’s competitive position against major producers like BAMA as the $20 million Paemines plan nears marketing talks and construction hoped to start in 1978. Partners include Hancock Prospecting, Wright Prospecting, and Metals Minere Lud.
Australian firm Thiess Brothers secures a major Singapore project believed the largest overseas construction contract won by an Australian company. The deal covers building a large dock facility at Sembawang, with capacity for 251 workers and significant steelwork.
St James confirms a 6.9 million takeover cost involving 86 92 0000 shares and cash for four office blocks. Metropolitan Freeholds Ply Ltd was acquired with shares to Sir Peter Abelos and Sir Arthur George. An additional 18 million cash payment plus 875 000 due in 1977 accompanied the share allotment, giving associated companies a 14.6 percent stake in St James.
The article notes a continued decline in lease prices with average figures showing restricted leases sliding to around 7,168 dollars and group leases at about 7,400 dollars. It cites the ACT and southern NSW Housing authorities and figures related to auctions, bids, and forthcoming policy decisions on government housing sales.
A garbled text fragment lists numerous names, places, and terms across a wide range of topics. It mentions individuals such as Soren and Raa and references events, locations, and dates in a scattered, unclear manner. Overall impression is disjointed and lacks a coherent narrative or identifiable news item.
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