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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Jul 20, 1968
Page
9
Broken Hill Ltd reports a slight drop in sales for the year ended June 30 to 17.96 million from 18.23 million, with production and ore treated down and 18 stop work days, 13 in the final quarter, affecting output. Crude ore treated in the June quarter fell to 108,480 tons from 115,565 in March.
France's monetary reserves fell again in the week ending July 11, with gold and hard currency losses since May near 1.99 billion dollars. Bank of France reported last week's drop at 190.8 million, leaving total reserves about 4.902 billion as of July 11 and reflecting widespread May and June strikes.
Kevin J Cremen and Associates widens its advisory role to provide tariffs and customs services to Eric White Associates a public relations group Both parties stress tariffs as crucial to success in industrial and commercial sectors Cremen has long held senior roles in government and trade bodies and will offer independent services from offices linked worldwide
Price movements were mostly up as recent quarterly changes in the Adgress Consumer Price Index show a modest rise. The report highlights percentage changes from the preceding quarter, indicating gradual inflationary pressure across sectors.
The Statistics Bureau reported a 0.8 percent rise in the all groups consumer price index for the June quarter, with Cambera up 0.5 percent. Food up 0.9 percent led gains as meat rose 3 percent and potatoes steady. Clothing up 0.8 percent. household group up 1.4 percent driven by rates and charges in Sydney and Melbourne. Gas and firewood costs rose in several capitals. beer and motoring charges also increased.
Directors of Rigneys Holdings Ltd move to write off part of capital and split shares from 2 dollars to 1-40 and convert 0-50 shares into three new 1-40 par units. They seek one vote per share and a move follows asset realignment in George Street Sydney and a large stake in Tsuringa Securities Ltd.
Australasian Mining Corp Ltd released an optimistic report on tin deposits at Walwa in north east Victoria. Mine manager Richard Quirk said trenches totaling about 4,000 ft across the greisen belt yielded economic tin values from 30 to 70 ft. Drilling and grid surveys indicate potentially large tonnages of payable tin ore, with assays expected soon. The report recommends further development and exploration, naming OB Nickel NL Wickel and Minerals Search NL Consolidated Gold Mining Areas NL Uranium and Nickel Exploration NL Uranium Development and Prospecting NL as project participants.
A complex low pressure system sits over the Western Tasman Sea with a high ridge to the north. Winds along the NSW coast are set to ease from gale to moderate as the high moves east, with fine settled days expected afterward. Overnight rainfall was light to moderate across coastal and inland NSW with heavier falls in some inland pockets. Snow showers persist in the Snowy Mountains and temperatures vary across regions, from near freezing in alpine areas to near 30s in coastal zones.
Schedule fragment lists multiple MBS News programs, district broadcasts, and sports roundups across Goulburn, Canberra, and surrounding areas. Entries include Birthday Time, Racing Roundup, Sporting Highlights, and various religious and music programs across noon to late evening hours.
London bullion dealers boosted the price of gold by 1.10 an ounce after South Africa's decision to halt free market sales for now. Reports say newly mined gold had been sold in May and June but would not be offered for a considerable time, prompting overseas buyer orders and market activity.
Australian Paper Manufacturers Ltd reports group net profit up to 9,291,000 for year to June 30, with tax charge down 1,285,000. Dividend remains 9 per cent with final 5.4 per cent payable Oct 31. Group sales reach 91.85 million, paper and board production up, assets strong, and two major projects in production at Fairfield and Maryvale mills.
Automobile and General Finance Co Ltd, Sydney based financier, lifted group net profit 15.7 percent to 177 579 for year to June 30. Earnings rate rose from 17.48 percent to 26 percent with after tax profit 94 340 up from 72 500 and a capital profit of 39 296. Dividend set at 12 percent with record date September 12 and payout September 26.
Bell Bros announced it has acquired the earth moving and carriage contractors business of Walmsley and Martin Pty Ltd as a wholly owned subsidiary based in Albany.
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