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This newspaper page contains 9 articles. Subscribers can read the full text of each article.
Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Jul 04, 1967
Page
3
Offshore drilling activity is noted as a Shell well begins, with the Sedo submersible drill line tie and manager appointments mentioned. An offshore well near Warts is producing, while unrelated names and stock movements appear in the same brief, reflecting a busy energy sector update with unclear local context.
Australian Consolidated Industries Ltd will form a new company holding four two thirds shares in the venture. The industry focus lies in radiographic and related sectors across Southeast Asia, with plans for expansion into Austrian markets.
The chairman Mr A J van Agt said in a report that Philips group turnover for the period ending December 10 was slightly ahead of the previous year. The Netherlands group posted a profit after tax of $108 million, with divisions in electrical goods, chemicals and pharmaceuticals showing progress. The group plans a new Phonogram Recordings Pty Ltd unit to develop its recording activities.
Commodore Motels Ltd announces the purchase of the Commodore Sandown Park Hotel, with 30 percent held by Commodore and remaining equity from joint owners. Sale price not disclosed, believed to set a record for a suburban Melbourne hotel deal. The company plans to use proceeds to acquire several more motels in the Melbourne area.
A chaotic report notes a mystery buyer acquiring over half of Strata's shares amid tangled references to Conor, Nucleonics Pty Ltd, and Mainline Holdings. The piece mentions executives like Mr Ke C. Wiseman, cautioning on related transactions and future development plans, with scattered notes on financing and industry ties.
A disjointed OCR fragment mentions Amayraze results and several names along with Mona Vale Hospital and dates. The readable pieces list Verley, Andsom, Deland, Ray, Heather, Gary, Duane, and Stuart Vindkay, with unclear context and a July 23 reference. The record preserves names and place and notes a hospital setting without a clear event.
A National City Bank analysis notes the US dollar depreciated 2.8 percent in the prior year. It ranks the Australian dollar and Swiss franc as stronger performers while many European currencies suffered declines. The report highlights inflationary pressures in South America and currency depreciation across major industrial nations, with Chile and Argentina posting notable losses. The survey covers global trends through 1966 and discusses effects on purchasing power and investment.
Chevron Sydney Ltd shows a big half year loss for the period to January 31 1967 after depreciation of 36090 and a net fee recovery of 429869. The report notes inflation pressures and references receivership actions, Chile and Brazil links, and Argentine government context.
Atel Ltd contemplates several proposals put forward by its board as management reviews options. The discussion focuses on strategic steps and potential restructuring to align with the company’s goals. No final decision has been announced.
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