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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 13, 1968
Page
7
Paris reports Bank of France data showing a fall of about 400 million dollars in gold and foreign currency reserves in the latest week. The decline follows government financial measures and reflects ongoing drain amid market pressures.
The group posted a 12 month to May 3 12 months profit of 46.787 million Australian dollars, a new record up from 42.171 million the prior year while pre tax profit slipped and depreciation effects were noted. Earnings on paid capital rose to 18.1 percent from 16.3 percent amid tax provisions and higher production costs.
Powell lifts bid for Houghton after initial rejection as Houghton directors and Byrne Holdings Ltd ease resistance ahead of a higher price.
Fragmented text outlines a reshaped offer landscape with Powell's Pest control and Rentokil moving discussions. It mentions Valiant, mining equity, and an Australian market context, noting fluctuating profits and proposed deal pricing while referencing BHP and export activity.
In late day discussions Houghton and Bureau directors advised on a 21.6 million issue related to O’Connell. The briefing outlined financing steps and governance considerations for the municipal project.
A local company plans a premium share issue to raise funds for growth, with directors noting a potential dividend increase from 3 to 4 percent if a restructuring plan succeeds. Shareholders will be offered new shares ranking with existing holdings, and the funds aim to support earnings and a coal lease exploration while reporting a half year payout.
Agricultural leader Neil Ferguson of Farmers And Graziers Camp Co Ltd says census shows West Australia ranking second in sheep population. WA sheep tally rose to 10.7 million, with NSW, Victoria, Queensland, South Australia and Tasmania trailing. Total national sheep figures cited around 167 million with prior year comparison noted.
Newbold General Refractory Holdings Ltd outlines a 15 per cent increase in net profit for the year ending June 30, with chairman Raymont Moore addressing shareholders in Sydney. The firm approves a one for four bonus issue lifting capital to $4,875,000, and notes tax changes could affect profits. The refractory division shows at least a 10 per cent rise.
London reports that gold prices tumbled as investors worried about future currency stability. The Bank of France and British currency downturns weighed on demand while large holders pledged billions, prompting heavy selling and a market broad in decline.
Tokyo reports a bilateral agreement where Indonesian state mining firm and three Japanese smelters ink a deal to boost bauxite imports from Bintan for 196? to 1970. The contract envisages shipments of 800000 to one million tons annually while Japan and Kosasih agree on joint prospecting of Nausite deposits in Mantane.
A sales pitch claims the basic price fits a chosen budget while optional features balloon the total. The Austin 1800 is presented as including many items that would be extra on rival cars, with emphasis on cost efficiency, spacious interior, front wheel drive, and East West engine. The text notes automatic transmission as the sole optional upgrade for an additional $260, asserting overall value at $2,365 tax included.
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