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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
Jul 05, 1966
Page
4
Kuwait confronts a protracted royalty dispute with international oil companies led by BP and partners. Government pressure, refinery profits, and taxation terms strain relations as OPEC seeks a coordinated approach while Kuwait averts concession losses.
David Jones and Hooker Projects announce plans to develop Upper Mount Gravatt land into Queensland’s largest regional shopping centre eight miles from Brisbane. The project includes a full David Jones department store, another department store, a chain variety outlet, a semi tropical climate focused design, and about 25 acres of shops and parking.
Five year plan for Tonga led by Premier NAM and Prince Tuipelehike targets a major growth program. The scheme, described as the most extensive in Tonga, seeks several million pounds in British and local funding to finance infrastructure, industry, and social projects over the next five years, with preliminary estimates around 4.4 million dollars and ongoing British support potentially reaching 7 million pounds.
Lake Credits Ltd advertises personal loans with a headline claim of affordable financing. The notice mentions a Northbound Avenue address and a postal code 46979, implying a local borrower outreach.
The text outlines international oil production costs with Kuwait and ROC sharing profits. It cites Indonesia and Venezuela price ranges, U S costs per barrels, and government expenses funded by producers. It notes Kuwait and ROC division of net profits and mentions an Arab oil expert.
Artal Siddeley Fines Lid hae receives commies from the Ministry of vin don for the mal evetom ment of the Carne H 1400 for the UK version of the Sikorsky SHIP helicopter. The engine, similar in size to the Gnome, offers 280 SHP more than the current version and consolidates spares, training, and tooling for European operation under a Mons Nyat Aviation agreement.
ANG Holdings announces a planned equity issue to raise funds for expansion including stake adjustments in Western markets and timber operations. The move aims to support development and shareholder value, with details expected early next year.
The company, formed with a main shareholder group, reported 85,478 in last year profits and 24,824 in depreciation related charges. A dividend of 7 percent was flagged as possible, with plans for new share classes and a restructuring aimed at expansion. Directors noted stronger performance in the year to date and highlighted growth prospects in the United States.
Geelong sale shows slightly clearer prices with average around 860 to 930 in Eng terms. News notes include broader activity, noting demand for crossbred and Merino lines and visitors from New Zealand on the scene amid high regional interest.
The report tracks fluctuating sheep prices with rising averages in parts of Australia and New Zealand, noting stronger demand and wider selling patterns. It cites auction results, regional price levels, and a broader economic backdrop impacting livestock values, including currency and market influences.
Turbulent session on the Sydney Stock Exchange with profits and losses across mining stocks. Leaders such as Western Mining and BHP moved amid a weakening trend while some miners posted gains. overall market activity reflected cautious investor sentiment and mixed results in the mining sector.
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