Christmas spree cuts deposits in banks in Australia
Sydney reports show December savings bank deposits fell by 27 million as Christmas spending reduced total deposits to 7.982 billion from a November peak of 8.009 billion. Director R S Cameron notes seasonals behind the drop, while six months into the year deposits rose 348 million. He cites housing loan growth and savings banks aiding about 7,000 families to buy homes, with total new loans to individual home-seekers over 611 million annually.
MENTIONED IN THIS ARTICLE
Australian Bankers Association Research Directorate
R. S. Cameron
Sydney
Commonwealth Statistics Bureau
Cameron
Saveings
Alacetons
Minster Plans 50c Capital Return in Takeover Stand
Minster Ltd will return 50c per share capital rather than 25c to defend Capital Carpet Industries Pty Ltd bid. Half year to December 30 profit $422,434 after depreciation $225,425, sales up 1 percent. Interim dividend 54 p per cent payable March 5 to February 18 shareholders. earnings forecast for year around $750,000 with tax provision $135,000 and 1972 73 profit about $623,000 after full 47.4 per cent tax. Net asset backing of 4,372,994 shares after capital return.
MENTIONED IN THIS ARTICLE
Minster Ltd
Capital Carpet Industries Pty Ltd
Minster
Interm
Melbourne
Soc
Kratos Kratos Uranium SL Reports Exploration and Agreements
Kratos Kratos Uranium SL in its December 3 1971 quarterly report states an agreement with Wyomunty Mineral Corp on market for Kratos uranium production rights. It notes diamond drilling in Malloon NSW with hole GS at Scan's north boundary, and Hole RB testing Mr Fisher lodes with minor mineralisation but pending assays. Exploration costs total 64666 plus Kratos funded 556285.
MENTIONED IN THIS ARTICLE
Kratos Uranium SL
Wyomunty Mineral Corporation
Kratos
Bauhinia Bowl
Towns Rivers
Northern Territory
Peehiney
Australia
Exploration Pty Ltd
Wyoming
Malloon
Nsw
Scan
Tt Oin
Untitled local notice fragment
A damaged OCR fragment mentions minerals and numbers, with unclear names and places. It references Uranium and Meath, but the text is fragmented and not obviously coherent or complete. The readable items are scattered and lack a clear event or action.
Canberra appoints Geoff Ashton as new Concrete Industries manager
Canberra manager Geoff Ashton is appointed manager of Concrete Industries Mon ier Ltd Canberra and will start in February. He previously led management services since 1969 and has overseen management training, industrial engineering, and several special projects for Monier over twenty years with broad company experience.
MENTIONED IN THIS ARTICLE
Geoff Ashton
Concrete Industries (Monier) Ltd
Canberra
Ashton
Monier
Northland reports increased copper reserves in SA
Northland Ltd directors announce a new cross section at Kapunia copper prospect in South Australia confirms and increases drill indicated ore reserves from 2.17 million tons at 1.32 percent copper. Diamond drilling shows thick intervals with copper grades up to 1.32 percent and 2.4 dws gold in one zone. A deeper, unassayed zone is noted.
MENTIONED IN THIS ARTICLE
Northland Ltd
Kapunia
South Australia
Abo
Company back on list under new board reforms
The Stock Exchange of Adelaide restored Australian inter National and British Ltd to the quotation list after a suspension due to late 1970-71 accounts. The move follows actions by new directors in office since mid November to remove dead wood from the accounts and maintain liaison with the exchange.
MENTIONED IN THIS ARTICLE
Australian Inter- National
British Ltd National
Jr, Merny
Im Adelgest
Stock Exchange of
Adelaide
Profit recoveries and dividends across insurers and builders
Profit recovery by T and G Fire and General Insurance Co Ltd rose to 112,854 in the year to September with after tax profit up to 92,800. Interim dividends 7.5 percent declared for six months to December 31, 1971. Lend Lease Corp reports interim 1 percent dividend for six months to December 1971, with audited consolidated net profit near 1.98 million. Leighton Contractors awarded a 28 million WA contract for Goldsworthy mining iron-ore handling facilities. Nicholas International holds interim dividend at 3 percent after a profit rise to 1.987 million on 1183 million sales.
MENTIONED IN THIS ARTICLE
T and G Fire and General Insurance Co Ltd
Lend Lease Corporation Fd
S&l
Leighton Contractors Pty Ltd
Leighton Hold Ltd
Cickdaworthy Mining Ltd
Western Australia
Finucane Island
Goldsworthy
Shay Gap
B. Johnson
Leighton
H Woul
Teighton
Nicholas International Ltd
Asprophanmeceutical Group
Pakistan
Blunt OECD survey questions Britain’s growth prospects
The OECD assessment says Britain’s growth may ease from about 3 percent in 1972’s second half, with exports likely to grow slowly and consumption driving the near-term rebound. It warns of a sluggish medium term, citing weak investment, low productivity, and policy trade-offs. It urges stronger investment and stable demand expansion to raise growth.
MENTIONED IN THIS ARTICLE
Britain
Organisation For Economic Co-operation and Development
OECD
Testurn
Nixon Signals World War on Unemployment and Inflation
President Nixon, in the Economic Report to Congress, insists unemployment remains the main obstacle and pledges to defeat both unemployment and inflation. He says price-wage controls will stay until price stability is achieved, with output growth and tax cuts fueling a 1972 expansion.
MENTIONED IN THIS ARTICLE
Washington
Nixon
Associated Press
Congress
Gimss
United States
Stein
Heater
Council
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