Carson Wins Holdout Bid On Winchcombe Carson Offer
Directors are expected to unanimously reject a takeover bid for Winchcombe Carson after Wisab tombe Carson stakeholders approved a partial offer made by Forrywood and others. The board will wait for formal submission before issuing a statement.
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Winchcombe Carson
Lia
Fopewend Avnral
Wisab Tombe Carson
Adh
Abairmin
Ai Sd. Anh Mpa
Miltfex Alll
Freealie
Selcast project faces station delay and treatment plant changes
Selcast project discusses station 2 miles into the venture at Spero ville Washington. Directors cite a general report that undermines current work, noting difficulties with shaft sinking at Votalion. Arrangements for North Kal i’s treatment plant are amended, with a one year delay to implement.
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Shere
Speroville
Toe ‘Gbal
Votalion
North Kali
Heer
Crean proposes amendments to tax law
The Treasurer Mr Crean said the Government will introduce amendments to the income tax law to close a loophole in the interest withholding tax provisions. The plan imposes a 10 percent withholding on interest paid to overseas lenders by Australian residents and non residents. Some exemptions apply for funds borrowed overseas and used by Australian enterprises through an overseas branch, but loopholes exist. The amendment aims to ensure withholding tax applies when non residents would have faced tax if the interest were received directly.
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Crean
Australia
Australan
Acreen
US dollar weakens in European trading amid sluggish moves
The US dollar fell again in Europe despite late week moves intended to support it. The currency dropped sharply in Frankfurt Paris and Zurich with only a slight gain in London. Trading was slow and analysts noted uneven currency shifts across major markets.
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London
Europe
Crankfurt
Zurwei
Paris
Gilbert to Increase Dividend for 1971-72
Sydney GM H dealer John A Gilbert Con said final dividend rises with a 5 percent bonus. Net profit for the year reached 248,820 pounds up from 61238, while turnover rose 30.9 percent to 20.3 million on steady interim 7 percent dividend. Final dividend payable July 31 and due July 23.
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Sydney
Gm-H
John A. Gilbert
Country Tasker
Vie
Savings bank deposits rise in May totals 4.1453 billion
Australia reports May deposits at savings banks reaching 4.1453 billion, a 1.844 million rise from April amid continued household financial strength. The Reserve Bank data show seasonal adjustment, reflecting high community saving capacity and cautious consumer conditions.
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Australia
Liam
Sense
Statisha
Eron
Te Ausalia Bankery
Avchday Lion Research Uitectorab. Id
I Mumihy
Suvmay Bank Oils Reise
Petind
Industrial life insurance and premium collection issues
The article contrasts industrial and ordinary life insurance under the Commonwealth Life Insurance Act of 946. It notes premiums for industrial policies are collected by agents every four weeks, at residents or workplaces, with lower bonuses and higher expense charges, while ordinary life policies pay premiums yearly, quarterly, or monthly by various methods.
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Commonwealth Life Insurance Act
Seilester
Udm
Indienal Life
Industrial Life Assurance
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