Possible delay in Seltrust project in Western Australia
The Selection Trust Group expects to create a great mining venture from its Agnew nickel deposit but currency and infrastructure issues may delay development and a decision on Australian participation. Estimated reserves exceed 40 million tonnes at over 2 percent nickel, with comparisons to Western Mining Corporation’s 22.3 million tonnes at 3.29 percent.
MENTIONED IN THIS ARTICLE
The
Selection Trust Group
Agnew Nickel
Western Australia
Agnew
Selection Trust
A Chester Beatty
London
Kambaida
CMI Posts $1.3 Million Profit for Year
Commonwealth Mining Investments Australia Ltd reports a net profit of 1.3 million dollars for the year to June 30 after tax of about 621 thousand. Directors note income from all sources fell slightly. disputes over income assessments for 1970 and 1974 were resolved satisfactorily. Total dividend distribution remained steady at 14 percent with a final payable on September.
MENTIONED IN THIS ARTICLE
Commonwealth Mining Investments Australia Ltd
Henry Jones bids to take over Tom Piper Ltd in cash offer
Henry Jones (IXL) Ltd lodges a new offer for Tom Piper Ltd at 2.35 dollars per ordinary share and 1.00 dollar per preference share, contingent on 90 percent ordinary share acceptances. Piper directors unanimously back the bid, noting it 12 cents above the prior offer and stronger than market price, while Southern Packers withdraws its 2.20 dollar bid. Henry Jones controls about 20 percent of Piper with ongoing market acquisitions.
MENTIONED IN THIS ARTICLE
Henry Jones
IXL) Ltd
Tom Piper Ltd
Tor Piper Lod
Southern Packers Pty Ltd
Tom Piper
National Mutual
Southern Packers
JD. Elliott
Hanover Holdings boosts profit and announces bonus issue
Hanover Holdings Ltd, Melbourne property developer, reports group net profit rising 89 to 1.78 million for year to June 30 and unveils a three-for-seven bonus issue. Directors maintain final dividend rate, predicting 12 percent annual increases on enlarged capital, with prior one-for-five bonus issued in January. Consolidated profit up from 943,114 to 1,788,267, with total income leaping to 13,246,767 from 6,531,077.
MENTIONED IN THIS ARTICLE
Hanover —_ Holdings Ltd
Melbourne
Tme
Scheme extends reconstruction aid for fruit trees plan
The Minister for Primary Industry Senator Wreck announced a 12 month extension to the fruit tree reconstruction scheme, originally launched in July 1992. Existing applicants will receive assistance only if trees were reframed before the State authority deadline, normally by October 31, 1973, and the extension also covers trees with no prior application.
MENTIONED IN THIS ARTICLE
Senator Wreck
Fturt
Bonus issue to shareholders from asset revaluation reserve
Bonus Stafford Ellinson Con hidated Ltd announced a one for five bonus issue to shareholders from an asset revaluation reserve created by valuing shares in subsidiary companies. Directors said the bonus issue will rank for final dividend.
MENTIONED IN THIS ARTICLE
Stafford Ellinson Con Hidated Ltd
Offshore well abandonment leaves uncertain flow from A-1 well
BHP directors said the A-1 offshore Malaysa well, in which BHP owns 25 percent, was noncommercial and abandoned at 2 654 metres after a thin sand zone yielded a high gravity oil flow. The magnitude of the flow awaits assessment. A second well, Part 1, also abandoned as a dry hole at 2 25 metres. The Esso BHP Yurongi well in Bass Strait has been abandoned.
MENTIONED IN THIS ARTICLE
BHP
Esso-Bhp
Takeover Frozen as Treasurer halts Innkeepers bid
The Federal Treasurer Mr Crean froze a takeover bid by Associated Securities Investments Limited for Innkeepers Limited. An interim order blocks negotiations for three months. Innkeepers Limited is Victoria registered, while Associated Securities Investments Limited is a foreign company with Royal Bank of Scotland holding at least 14 percent of shares.
MENTIONED IN THIS ARTICLE
Mr Crean
Innkeepers Limited
Associated Securities Investments Limited
As Speciaxuc
Kraretie 5 Innkeepers Limited
Victoria
Asociated Securties Investments Limited
Royal Bank of Scotland
Multinationals in lesser developed countries debated
Canberra visiting economist Professor Edith Penrose warned governments must know multinational costing and pricing, agreements, and nearly all operations to assess benefits. She urged using the term international or trans national and suggested UN style regulation if true multinational control emerges. Governments favor joint ventures with host countries often holding majority equity to aid development. She also noted multinationals move money with currency strength, potentially worsening crises.
MENTIONED IN THIS ARTICLE
Canberra
Edith Penrose
Department of Economics
School of Oriental and African Studies
University of London
Economic Society of
Australia
New Zealand
Penrose
United Nations
Dollar Recovery Proves Short Lived in Frankfurt
The U S dollar slipped after a modest rally as Frankfurt opened near 2 2870 marks, close to yesterday’s fix at 2 2880. A Federal Reserve statement promising further intervention unsettled markets and dealers warned only larger central bank action would show resolve. Paris dealers noted penalties for the dollar tied as market doubts lingered, with the converged rate around 3 9900 francs and 4 0100.
MENTIONED IN THIS ARTICLE
Frankfurt
United States
US Federal Reserve Board
London Noon Opens AEST Market Day
London noon markets close for a brief pause as traders monitor global cues. AEST 4 status updates indicate early activity in Sydney and Melbourne with mixed equities and currency movements shaping midday sentiment.
Also Mentioned on This Page
Seltrust
CMI
Piper
Hanover
Pridip
Whch
Penre
Paria
Paris
Eae
International Insurance
Snc Ieabis
Pereiry
Srardikeas
Sxkanima Insurance Company Limited
AJCT
R. Willmott
New South Wales
Kent Street
Sydney
C. D. Divehall
St. Kida Reed Melbourne LP
Vorlay
Queensland
Wickham Terrace
Brisbane
C. J. Gtevens
Gouth Amstealia
South Terrace
Adelaide
B. FH. Brown
Westwa
Hay Street
West
Perth
Skandia
Atanda Shopping
t—u_ Canberra Hospital
Kiogk Tufley, Peter's
Pod
Sion Farrer
Sapone Cone
Moiongic Mall
Seach Hick's
Smack Bee Wiens
Cate
Fries
Eileen Mary Ellen Conroy
St Raphael's
Catholic Share Howe
O'Connor
Ee Lowe
Tharwa Road
Sry
M. H. O'Rourke
Uae
France
Helms
Edem Po
Hall
John Fairtad
Hunter Strees
Myerd Tove
Central Railway
KH. O'Rourke
Mbeya
F.D.A
ARE
Mbem
Ate
Max Lehner
Norwood Park
Daley
Kathleen Maud
Nanna
Johnathan
Amanda
Freda
Elliott
Ever Iayer
Lucy
Ife
Menama
Duncan Glen
Vietnam
Mercere
Laderman’s
Souther
Newnpager
MT Collin Ae
Men ‘Streat
Daliveres
Sermina
Wapaber
Checw
Syd. Mormi- Herain
Mathopal Times
T Australing Financial
Levie Ames
Man's
Ine
Woman's World
Dollie. Wa
Abgul
Anpers Sewn
Sun-Herald Sunday
Ae Boure Et Whee
neWe Agencias
Leo of
Taht Mt
Ube
GEM Brite
Men ‘Bhomis
Janet
Judann
Glen
Edward
Catherine
Mary
Sms Jean
Lindsay
Robynn
Jon
Joanne
Blaine
Kerry
Paul
Fach
Seal
Margaret
SPCA
Roland
Juli
Ech
Wayne
Browe Collag
Upton
Sue
Leichardt Street
Martin
Bath
Wornod
Maetha Morro
Robvan
Jon Gene
Canberra Hospital
Melba
Srldew Ghoat
Sairn Ince Toothi
Kay
Trevor
Michael ‘Ohn
Parnes Aloyou
Boma
Neiberding Ince Easiweil
Epi
Robyn
Bruce
Venita Lee
N. LI
Doctor
Queanbeyan
Seymour
Jennifer
Frank
McDonald
Les
Agne
Glenn
Helen
Damien
Wallace
Christopher Richard
DNROY
Eileen Mary Ellen
Joe
Dodeworth Street
Patrick
Conrey
Jim Gowing
Jack
Joyce
Joan
Ken Powes
Florence
Dick Brennan
Laurie
Mona
Russ Reid
Kinnane
Patick
Robert
Relef
Southside
Miss Brown
Pease
Vatane
Barton House
Ainslie
Civic
Mina
Honren
Garema Place
Wawson Gardens
Wally
Hinars
Turner
Farrer
Y Watson
Connor
Weice Space
A. O. Wellsmore Pty Limited
Randas
Aranda
Win Care Pets
Curtai Sport
Rm Bowner
Carport
Aval
Watson
Varralumla
Carsport
PTY Lid
Ainslie Ave
Brm Ff
CUOK
Bere
Red Hill
Launsery
Gentral Bent
Gem
Ee OK
Exton
P.w
Lyon
Ase
Real Estate Pty Ltd
Northbourne Ave
Stella
Bistiman N & K
Aumhe
Canberra City
Fyshwick Rent-A-Factory
Oer
Too
Patrick Robert
Vicany
Marrandern Keep
John Edwin
Oxley Street
Griffith
Flora
Nancy
Alderwon
Heather
Val
Istimer
Mailand Hous
Alee Ibe
Queanbeyan Flats
Fyshwick
Carmel
Allen Curtis & Partners Pty Ltd
Moesro St
Quessbeyan
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