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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Jul 06, 1965
Page
6
Sydney report states Pioneer Services Ltd directors will revisit their 15 shilling per share offer to Farley and Lewers Ltd shareholders. Farley directors announce 270,000 ordinary shares issued at a premium, with secrecy around the purchaser.
The company outlined a 15 million pound capital expenditure program linked to its CIG expansion and warned investors that the new issue may affect profits in the coming year. A small share issue of up to 8.2 million shares at par may occur as part of funding. The report notes possible dividend adjustments and outlines expected impacts on profits for the year ended April 1905 amid stock market activity in Sydney and Melbourne.
Dominion Breweries Limited of Auckland increased consolidated net profit by £21,707 to £41.21 R for the year ending March 31. The dividend remains at 1 penny per share with a 9.85 percent return on equity, while total revenue rose and Leigh Mardon Pry acquired a 61.1 percent stake in Dexge Gonsolida-4 Industries.
Company news announces a Port Kerb store in Sydney with 600 square feet space. Keith Turner named deputy chair for the board, and Mane Jay appointed to the director’s role. The plan includes seismic operations and Fertilisers autiatnn-rerilizar financing. The venture spans several months to establish a new operation in the Hunter Valley region.
Retail sales in the March quarter reached £732 million, up £245 million or 6.6 percent from the year earlier, but down £141 million from the previous quarter due to seasonal Christmas and New Year spending. Major gain driven by clothing and drapery with a strong rise in equipment, marking the first notable quarterly increase in the cortex era.
Sydney reports a £5.4 million drop in gold holdings in the weekly Reserve Bank statement. The bank notes lower reserves amid general banking activity and stronger government securities, with total holdings now around £84 million in the week ending.
Fragmentary OCR item lists stock option transactions with scattered numbers and names such as ali Chern and Frances, including odd figures like 0 104d 7/10 and 2800- 1a, plus references to Gold Moh and Sableland with negative values. Content is unreadable and partially garbled.
The article outlines Japan expanding aid to Asian nations amid strategic caution toward China. It notes U S support and outlines funds, projects, and potential political ramifications for Japan, including economic investments and regional influence.
A fragmentary OCR line notes a mysterious item titled My Mach Dig with 2H and 1 Mw, mentioning Marrivkvite and a 2 4 reading, details unclear but presented as a historical note or catalog fragment.
In a draft agreement the company plans to sell about 7 000 000 tons of ore to Japan over 16 years starting in August next year. The sale hinges on Commonwealth approval and the formation of a Roche genio survey team to supervise the project. The venture would involve a tremendeous value and a new rail line to move ore to the port for shipment.
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