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This newspaper page contains 13 articles. Subscribers can read the full text of each article.
Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Jul 12, 1968
Page
3
Mineral Securities Australia Ltd and Petroleum Securities Australia Ltd show combined earnings of 2,203,000 to June 30. The results reflect demand from the mining and oil shares boom and the outlook for resources markets.
Hothlyn Corporation Ltd plans a stock exchange float as dividend payouts rise. Interim and final dividends are noted with profits and capital figures showing a 16 per cent yield potential. Directors cite consolidated profit growth for the year, with gains from Petroleum Securities and Mineral Securities investments and a proposed 7 per cent per share profit increase.
Overseas investors received the lion's share of the International Pacific Corp offering. In Australia 25 million shares were allotted and 5.25 million in the UK and Europe. Amsterdam and London brokers Pierson Heldring Pierson advised on the issue with allocations to be completed, including a potential further 2.5 million shares.
A consortium of companies plans an offer for Vanderfield and Reid Lid, proposing to pay a fixed percentage of Vanderfield cash for each share. The move follows a market raid affecting Sydney shares as brokers report firmer trading. Maxwell Tie firm hints Bancor as potential buyer, with preliminary cash terms discussed.
The article recounts a complex takeover sequence involving Dunlop Prestige and Holeproof, with A G Eastwood and others steering the talks. It describes bids, shareholdings, and market reactions across Australia and New Zealand, noting ownerships, proposed terms, and executive roles. The piece notes Prices and turnover amid tension over the prospective merger.
Mr Foletta, George Garant Kole and others discuss Australian women shoppers in Melbourne sipping wine at a hosiery fair. The founder of Prestige Hosiery, amid shares sale rumors, voices concerns over imported goods and local wholesale interests. Running commentary notes women’s buying habits and market temptations as fashion vendors push new stock.
Arrivals exceeded departures by 1,629 in May this year compared with a 2,090 excess last May. A total of 7,797 persons arrived and 56,168 departed. Figures mirror the prior year’s period with 389 arrivals and 48,299 departures. The graph compares arrivals and departures over corresponding periods, including movements of Australia and US troops, compiled from Statistics Bureau data.
The May UK trade data show a 42 percent drop in the June trade deficit as exports rise for the first time in five months. Offshore drilling activity by Ocean Oper and several oil fields near Haurnsdale and Marlin Oil influence costs and potential savings, with reported figures around 609 million pounds in drilling costs and 101 million pounds in related earnings. Currency devaluation benefits and shipping components bolster optimism, though figures remain subject to revision.
Unigate ee Pty Ltd revealed a planned expansion near Dan denong about 17 miles from Melbourne. The project, valued at 500000, was disclosed by the group’s managing director in a statement released yesterday.
A scanned lottery notice details the drawing result for issue number 1632. It lists numbers, prizes, and ticket prices with references to sales and eligibility, including a claimed total of $39,000 in prizes and multiple prize categories. The text shows dates, locations, and entry rules, though portions are garbled.
Paris reports outline proposed temporary measures to tax elites and curb inflation. The government plans a 10 percent wage cap relaxations and 2,300 million francs in inflation containment through budget amendments. Bank of France arranging short term credits for firms amid market shifts.
At Travelodge Corporation’s annual meeting in San Diego, new chairman Alan Greenway claimed substantial profits would come from Australia and Britain, asserting the company would ship more units overseas. He said the group plans to spend about half its profits in each country, stressing the need for international expansion despite challenges.
Cudgen RZ confirms a 10 percent dividend rate for the 1967-68 year its first full year as a public listed company. A final percentage will be paid in October as advised by directors. Combined production of rutile and zircon for the year was reported in the final figures.
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