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Canberra Times in Canberra, Australian Capital Territory

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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 23, 1968

Page

10

Holden dealer annual report shows improved sales and profit

J Gilbert notes Holden deliveries were slow but supply issues are largely resolved. Directors of John A Olbert Holdings Ltd report stronger turnover and steady profit compared with the prior year. The William Street office sale closed, yielding a substantial capital profit. In the year to March 31, 6,612 vehicles were delivered, up 14.7 percent from the previous year. Costs have risen since balance date, causing concern.

Witna John A. Olbert Holdings Ltd Sydney Holden William Street

Fed moves could widen control of credit costs

AAP Reuters report says an official study proposes changes to how the US Federal Reserve influences the economy. If adopted, the discount rate would guide weekly policy shifts and set a growing fund level linked to new lending plans. Governors and regional presidents circulate the plan for comment amid a broader review of monetary policy tools.

Washington Federal Reserve System Federal Reserve Governor George Mill Cell Kerrey

Noranda Seeks Uranium Prospects in Australia

Noranda plans to search ports near Port Lincoln in South Australia for uranium. The Canadian mining group intends aerial surveys and tenement work across a 360 square mile area, pursuing leases and prospects after months of little news on uranium occurrences.

Noranda Adelaide Port Prospects South Australia

Major suggestions for bank borrowing and policy changes

The report proposes a new automatic facility for member banks to borrow from the central bank with broad credit privileges based on size, usable up to half of weekly reserve periods. It also supports continued need-based borrowing, liberal seasonal borrowing for small banks in resort and farm areas, potential Fed aid to nonmembers in systemic risk, and greater use of the discount rate as a monetary policy tool.

Federal Reserve

Japanese car makers reject foreign capital in Japan

In Hakone, Japanese manufacturers at a weekend meeting with government officials announced a decision against cooperating with foreign capital for car production in Japan. The stance aligns with the Japan Automobile Industry Association’s push for gradual liberalisation of engine imports and opposes immediate establishment of manufacturing companies by foreign capital.

Hakone Japan Foregin Associated Press Japan Automobile Indus Iry Association Fenel Teade Ineducte Tiecmante Umtil Tonenece

A J Chown raises funds to boost Japanese industry links

The meeting reported A J Chown Holdings raising 504,500 to assist the industry amid liberalisation and expansion. It discussed streamlining the sector, tying with foreign firms, and boosting engine components, with 10,000 shares placed at 50c and 103 employees noted.

Tepid Ag Lta Pihaula Ieee ITI J. Chown Holdings Jenough T Td Indus David Ports Infic Corporation Ltd Dustry P Production Techni

Rate changes urged as binding on all outstanding loans

The report calls for immediate binding of rate changes on all outstanding loans to curb hedge borrowing in anticipation of future rate increases. This stance emphasizes preventing speculative borrowing moves tied to expected rate hikes.

Australian banker becomes governor of reserve bank

Governor designate Soneoe Wees Grant Ips succeeds retiring Dr H C Coombs as Australia’s top banker and new head of the Reserve Bank. He previously worked as a haberdashery salesman at Palmers in Sydney, now part of the Myer group.

Sone Oe Wees Grantips Australia Sas Reserve Bank H. C. Coombs Phillips Palmers Sydney Myer Group

Hecla declares dividend as earnings fall in 1967

Hecla reports an after tax profit of 25.8 percent for 1967 with a big fall in earnings rate due to higher costs and depreciation. Directors note a mild winter and improved sales. books close August 7 with a dividend payable on August 7.

Ouly Coles and CO Limited Co Spm

Silver Valley Minerals NL eyes Anglo American talks in Victoria

Directors said discussions with Anglo American Corporation (Aust) Ltd on potential development near Camperdown are preliminary with no finality. Prices for superphosphate will drop, with Mawson bags expected to fall 4c to 75.70 a ton and 20-80 a ton for bulk, after a $6 per ton bounty deduction. no detailed talks with Hamersley yet.

Interstate Oil Ltd Con Silver Valley Minerals NL Anglo-American Coree Poration (Aust) Ltd Camperdown Silver Valley Victoria Yasterday Theymat Mignt Jota New Castle Hamersley Pty Ltd

Melbourne Stock Exchange seats change hands and levies

Mr Bruce Irving, 34, wins election as a member of the Stock Exchange of Melbourne after paying 22,000 f of his seat. The last seat to change hands in June was sold for 19,000, with two seats in May. A non-member partner fee of 2,000 is levied on each member as new partners join Lance Grand Co and Malcolm Hazell Co.

Bruce Irving Stock Exchange of Melbourne J. C. Grafton Lance Grand Co G. Lother W. J The Stock Exchange Malcolm Hazell

Also Mentioned on This Page

J. Gilbert Holden US Federal Reserve System Acai Bection FF A. J. Chown Enn Tan Porter Coenen Fer Canberra Co-Operative Permanent Building Society Petrie Street Canberra City Addres Retail Traders Association of Nsw Commonwealth Bank H.M. Knight Coombs Rhyll Brian Shi — Kerrie Terry Katy Charlene Sirola Buday Angela Irene West Whomsley Michael Ciafteers Cp Happy Valley Hi Maan Sandra Gordet Singh Singh Mra Ae Malay Madden Hodges BE. L. Hodess Grimt Tina Major W. Madden Downer Hurstville Worottora Lalenr Hurstvilles Rissa Cannon Ruth Alice and Vince Oldfield Elaine Jill Kevin Candace Mary Robertson Mery Anne Jeannie Giachin Gischin Canberra Apeity Hospital Misine Misins Corpe Wiig Sacher MBOR John Alice Laszlo Joreph Janenem Zoltan Maria Daralzy Joe Lyle Lajos Morris Ant Anthony James Oira Martin Cee Emma Perth Scott Ernest Joseph Phil Griffith Rachel Dorothy Keith Bryan Russell Margaret L. W. Maloney James White Ary Id Maloney Catherine Williamson Stanley Barton Act Andrew Florence Williamson Anne Nell Phease Pi South Side Deakim Watson Red Hill Mary Thynne Garema Dickson P.w. Forrest Yarralumla P.w. Hughes P.w. Yarralla Ap. Pee Lyneham Tacheel Whyte Pty B.M.I. Ride Furn Amprell Fotate Pty Crawford St Queanbeyan Jjambor John Jambor Junor Crescent Christopher Man Uka Canberra Avenue Kingston Anthony James Morris Baines Place St Patrick’s Church Braddon Canberra Ave Northbourne Avenue Thette- Aulime COURT Mugga Way Ain Jean Sengeet Acre Ise Leon Oxley St Christopher's Co- Cathedral Manuka Llama Hill H. O'Rourke Canberra-Queanbeyangba Can 'Canberra Piegel Ta A Henry Spi Hackett Sapa Lee Wee H Funeral Cinema Center Garema Place Civic Srconnor Atherton Trasine W. Carreture Giles Street Filmer WEXT Davies Daria Pharmacy Jim Q Ovine Lumaice Pitt Ordear Fraay Anges Order of the Roane Gitar Spa BT Te Bourke Street Melbourne BET Eiries Unaanberra Shields Canberra Iastern Suburbs Inne Marie Green Kingston Phone al Fyrlfc Australian National University George Ernest Morrison J.D. Frodsham H. C. Coombes Dr Frodsham Zagora A, Cambitoglou University of Sydney University Avenue Canberra Archaeological Assocation Canberra Classical Association Cambitoglou Greece Garreau Paris Bunda Street Toms Mason Queanbeyan Racing Club J. Nash Jimmy Lattace del Lone Bennett Street Dandenong Hecla Hecla Australia Ltd South Iclanz Ad Cresco Fertilisers Ltd Icianz A. L. Berry Iice Lame Northpourne Avenue P.O
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