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Canberra Times in Canberra, Australian Capital Territory

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This newspaper page contains 12 articles. Subscribers can read the full text of each article.

Newspaper

Canberra Times

Location

Canberra, Australian Capital Territory, Australia

Date

Jul 17, 1965

Page

6

British Tobacco expands again in Western Australia

British Tobacco Co Australia Ltd takes full control of Associated Products and Distribution Pty Ltd by acquiring Diamond Foods Ltd, a Western Australia based frozen foods manufacturer and distributor. The deal follows a pattern of expanding food processing interests including Shetlers Drinks Ltd and General Foods Corporation Ltd as the group broadens its portfolio.

Associated Products Nd Distribution Pty Td Diamond Foods Ltd Tobacco Co (Australia) Ltd Associaed = Producte and Distribution Pry Ltd Diamond Poods Ite Poultry Growing and Processing Ois Soape Hunts Canning Pry Ltd Albany Hoover Marketing AP and Brush Tobacco Walt Drink Shetlers, Drinks Ltd Sydney Helidon Gardner Pry Ltd Brisbane General Foods Corporation Ltd Melbourne Dairy Frost Pry Ltd

Overseas offer worth 93 for each Plastic Coatings share

Plastic Coatings directors say they will likely accept Moulded Products Australasia terms but reserve right to consider any other takeover offers before the acceptance date. Overseas Corporation proposes 17s for every 20 5/ shares, with final figures tied to last sale prices, while Moulded Products offered 5/ for 10 shares, and the value is affected by the year end turnover and provisional adjustments.

Moulded Products (Australasia) Lab Oof — Plastic Coatings Overseas Corporation Ixias Aworth Gandenor Plastic Titel Wall A. Lavi Aser ESSN Agenc F Coatings Ltdes

Degotardi involves court action against former directors

C H Degotardi Ltd files a writ of summons in the New South Wales Supreme Court against three former directors and three associated companies for 34 857 pounds. The action follows resignations in September 1964 and the 1965 assessment of asset values tied to subsidiary vendors. The result remains under investigation with no public outcome yet announced.

Sydney C. H. Degotardi Ltd Supreme Court of Nsw Messrs Tait Lucas Andle Dyce Warran Ince

Expansion of Sogeri Rubber Plantations Profits Rise

Company news notes Dr H Robinson and Mr Sa Wh Swift leaders presenting at Sogeri Rubber Group. June production reached 59 8061b and results justify expansion. Additional offices outside capital cities contribute to profits.

Csearch H. Robinson Adhesives Sa Wh Swift An Carroll Awit Sogeri Decors

Beach Petroleum NL reports 3 ec well at 8122 feet depth

Beach Petroleum NL and Amerada Petroleum discuss progress on the No 1 well as depth reaches 8122 feet. Directors note diversification and property lending continued through the year. Mr H P Stokes of General Credits Holdings Limited comments on financing and outstandings amid drilling activity and logging results.

Beach Amerada McDills leas-Beach Petroleum NL General Credits Holdings Limited H. P. Stokes Amerada Petroleum Corpor Mfr Stokes Australia Limited

Share rise levels off on Sydney Stock Exchange

Sydney shares edged higher for the third week but gains were modest amid leader-pulse fluctuations. The Share Price Index rose slightly, while total turnover reached £8,040 with overall turnover about 1,42K shs. Mining stocks led with gains though the market stayed firm and several leaders weakened.

Sydney Sydney Stock Exchange UTA Bere

Joint Venture Discussed for Swift Adhesives in Australia

G. Kelite Ltd and Swift and Co USA considered a joint venture to manufacture Swifts adhesives in Australia when directors discussed the plan in a shared statement released today.

Gibson Kelite Ltd Swift and Co U.S.A Australia

Australia aids Asia role in development acknowledged

Arndt of the ANU told the winter school of the Economic Society that foreign aid is a difficult and thankless task. He spoke about Australia’s role in Asian development during his address.

Sydney Arndt The ANU Winter School of the Economic Society Australia Ald Apa

Savoy C. Freed From Guarantee Amid Receivership Actions

Savoy Corporation Ltd disclosed it has entered into agreements with Southern Cross Assurance and Austral Cross Equity. Receivers were appointed to key subsidiaries, with trustees releasing Savoy from guarantees of principal and interest on mortgages totaling 2,370,000 pounds.

Sydney Savoy Corporation Ltd Southern Cros Assurance Company Ltd Australia Equity Corporation Ltd Southern Cross Assurance Savoy Corporation ABC Southern Lure Austral Cross Kan Pany Corporation Savoy Corpora Abc Pedrujor Savoy ABC Utes Ben Pm

Wool research funding debate highlights 1965 66 plans

The Minister for Primary Industry Mr Adermann announced in Cinhera new wool production research funding and budget details. He cited increases in expenditure for wool research, textile science and university CSIRO programs, aiming to bolster Australian development and Asian aid, amid reviews of sheep and wool support.

Mir Adermann Cin Herra Wael Sommetty Hwalic Woodside Gordon Waltons BMW Bk Hill Herard Australia Arndt Adermann Renin Tole Pwestern Europe Asia Csirole Adermarin Agaon University of New Wrond South Wales Ihe Siste Geelong

Drought Forecasts Prompt Caution in Rural Sector

The Rereau of Agricultural Economics notes forecasts for farm output this year with wheat and wool expectations, while drought threatens supply and finances. Analysts warn against overreaction, urge prudent investment in pasture, fertilizers, and development schemes, and critique sole reliance on one program like the Ord project.

Rereau of Agricultural Economics Rueda Atscoion

Sydney Change Main Rises and Fall of Firms Noted

Fragmented OCR shows names and figures jumbling a local business or court listing. Entities include Atkins, Belhimbi, Cadden, Grace Bros, and Hiller with scattered dates and numbers. No coherent narrative yet, but implies a sequence of rises and falls in firms or profiles on main Sydney avenues.

Also Mentioned on This Page

British ‘Tobacco Bedford Oveneas Corporation Mir C. H. Degotardi Messrs GE. Tait R. W Lucas P. L. Byce G. E Tullabong Tullabong Tin Syndicate Ltd Commonwealth Development Bank Exeil Frounda Fxeil Trane Oil NI Transoul Company News Rothmans ACT APM Ansett Carpenter Penton Wis Awa Ampol Henry Jones Central Norseman CMT Mount Morgan Canberra P.O. Box Manuka A.C.T Ralph W. King Yuill U—Bers Bobart Canefara City Bligh Street Northbourne Avenue Canberra City Casteraigh St Allongong ORD. Minnett T. J. Thompson CRO Chambers Petrie Street City OR Derley A. D. Meares & Bishop MLC IAN Potter & CO City Chambers Warners of the Stock Exchange of Melbourne Adelaide Brighare Perth Sydmey Collins Street Petrie Street City Lake Credits Co Pty Ltd P.O Canberra Credits Pty. Ltd Gerema Vq Ceeper Puy Hire Equipment Pty. Ltd Royal Typewriters G. Kelite Savoy C Weco i Kate Industry Soniertoda Metals Ordicva Dland China Russia Alre Commonwealth Ois Harald Ragpett Department of National Deveelopment Hie Harold Racal Marald Bureau of Agricultural Economics Harold Regent Cy Patterson Mavwsen Ord Peter Setaltel Imes King Island Mount Esa Amulg Chem Astor HM Cig Alliance Beach Cig Clarence South Mt Morgan Pacific MD General Ino Adams Atkins W Ris Ul AG Corp ASI Fiders Fairfax J Fibre Grace Brosstoft Matimes Hiller F Hilton Brows Hooker LJ Wy Hudson G Hunt Jeffries la Jones Vanght Mit MacDouris Pen Macquarie Marahoi Ce Marrickville Mason Koaif Meliwrayth Main Adel Brush BHP CBC Sydney Aus Cuntom Davies O Derrin Ind Whippy PK Mason Penfild Petersvilin Watson Combe Yarra Pally Robbs Strath Moe New le Wibroc Woolwth Berk Iya Roar Boral Bramble Wit Aicwrker AW Carp Cashen Clarke Coles Cope Allimay Dalton Dunlop Harris K Herald Jean AV i Lanray Millaguin Wright
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