Grains Agreement Frames World Wheat Market Outlook
In Melbourne the Australian Wheat Board chairman Dr A R Callaghan said the Grains Agreement reduces price uncertainty in the world wheat market. The pact aims to set prices and supply terms, with observers noting softer demand and shifts in export expectations.
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Australian Wheat Board
A. R. Callaghan
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Tax rebate end for Commonwealth bond issues unlikely
A report from Melbourne notes the long standing 10 cent in the dollar tax rebate on Commonwealth bond interest is likely to end for new issues. The change would affect investors and government finance, with deficits and cash flows influenced by the removal of the rebate and shifting yields on fixed money instruments.
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Share trading tax position reiterated by Tasalion official
The commissioner at Tasalion Mr Cain comments on a recent report about share trading taxation. He explains that gains from selling shares within the first year may be taxed as income and that profits or losses from such trading should be reported in the taxpayer’s returns.
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Canberra
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Italian car imports rise in May market report
Value of assembled motor car imports in May totaled 5,072,000 dollars, up from 3,217,000 dollars the previous May. Figures for April 1968 were not provided. The data contrasts May figures with the year before to show market growth.
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