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This newspaper page contains 14 articles. Subscribers can read the full text of each article.

Newspaper

Canberra Times

Location

Canberra, Australian Capital Territory, Australia

Date

Jul 27, 1973

Page

5

ABTA to aid Australian firms in Britain expansion

The Australian British Trade Association announced a plan to help Australian companies establish manufacturing in Britain to serve British and continental markets. ABTA will recruit Australian members operating in Britain and provide guidance, meetings, and support, linking with British businesses and planning a London committee to broaden aid.

London Australian British Trade Association Britain ABTA Colin Campbell Australia Campbell Campbell Sal Abla ABFA Lulu Confederation of British Industry CHI Houses of Parliament

Mount Lyell profits rebound on copper surge and dividend lift

Mount Lyell Mining and Railway Co Ltd reports a 51.3 million to 2.8 million net profit recovery for 1972-73 as copper prices surged in the year's second half and dividends from Renison rose. Earnings remain well below 1969-70 peaks, but return on capital improves and the 30 percent dividend appears well covered. The report notes 24 week dominance of profit, tax and depreciation details, plus one cent tax-exempt in the dividend.

Mount Lyell Mining and Railway Co Ltd Renison Lido Satsom Mount Lye Renison Mount Lyell COFA Mount Syell Sfount Lyell

FragmentaryLondon Evening Update

Fragmented OCR text appears to mix place names and times. No clear event, person, or organization facts are readable to form a proper summary.

Fall in profit due to strikes at Renison mine

Renison's net profit dropped from 2 180 700 to 1 740 000 amid production losses from strikes during the year. For the first 28 weeks earnings were about 1 4 million with 2 480 tonnes input, while the final 24 weeks yielded 364 000 and 1 510 tonnes. Ore treated fell 92 237 tonnes to 365 356, tin concentrates output slipped 37 tonnes to 3 470, and the net realizable value of concentrates fell to 10.3 million. Mount Lyell and Renison annual meetings set for Sydney on September 27.

Renison Mount Lyell and Sydney

Dividend rise for CAGA profit up 16.3 percent

Commercial and General Acceptance Ltd reported a 16.3 percent rise in net profit to 7.4 million dollars for the year to June 4, with a 7.47 million dollar trading profit and a 3.15 million dollar capital profit from American dollar movements. A final dividend of 8.5 cents is recommended, lifting total distribution to 48 percent. The annual meeting will be held September 27.

Commercial and General Acceptance Ltd The Commercial Banking Co of Sydney Ltd Bank of America

McKay Plans 1 for 5 Stock Issue at Par

Directors of Ralph McKay Ltd propose a one for five issue at par after a record consolidated net profit of 636164 for the year to June 30 1973. The issue would rank for dividend from the interim payout in March with total dividend unchanged at 13 percent and 65 payable on September 2. Directors expect the dividend rate to be maintained on the enlarged capital.

Ralph McKay Ltd

Sands Sales Profit Drop Signals Tough Year Ahead

Sydney printer and stationer Tid Sands Holdings reports its first loss in over 31 years for the year to June 30. Directors note pre tax profits fell 1.25 while turnover rose 16.5, with margins squeezed by rising wages, costs, and competition. Full loss figure to be released after audited accounts.

John Sands Holdings! Tid

Call for effective legislation to curb price rises

Effective trade practices legislation is urged after a three day Sydney hearing by the Joint Parliamentary Committee on Prices led by C. G. Hurford. The inquiry spotlights over 50 commodities, with importers split into two groups. Some paid higher prices due to revaluation benefits being captured by overseas monopolies, while others saw benefits passed on amid worldwide competition. Tyres and pharmaceuticals feature prominently. Committee hearings resume in Melbourne August 7 to 9.

Federal Parliamentary Committee On C. G. Hurford Lab Sydney Hurford

UK may buy more ore for steel industry

The British Steel Corporation may increase iron ore shipments from Australia. Acting chairman Dr H. M. Finniston said current exports total 14 million tons and could rise to 40 to 46 million tons by 1980 as Britain’s nationalised steel industry consumes about 41 million tons annually.

London British Steel Corporation Australia H. M. Finniston Britain

Likely price rise for pork in Australia urged

A pig producers spokesman told the Joint Parliamentary Committee on Prices in Canberra that pork costs rise. He cited 9d to produce per lb to deliver about to retail and warned profits were eroded by feed costs. He urged urgent government help to promote pork bacon and ham.

Australian Pig Producers Federation OD. al Campbell Campbell Canberra

Mobil denies involvement in petrol study in Queensland

Mobil Oil Australia Ltd states it was not asked for information by the Australian Automobile Association study on petrol prices in Queensland. Chairman Karl F. Madsen says the company is in the dark, unaware of the report and has read only newspaper accounts. He supports a royal commission into the oil industry, hoping it covers all petroleum product marketing in Australia.

Mobil Oil Australia Ltd Queensland Australian Automobile Association Karl F. Madsen Madsen Royal Commission Oil Indusry Australia Rowling Labour

Assistance Ashburton seeks federal aid for Meentheena fluErite deposit

Assistance Ashburton of NL requests federal government support to develop its fluErite deposit at Meentheena near North East of Perth. Chairman Mr J R Dalvie states the project aims to advance exploration and funding for extraction and processing.

Ashburton Meentheena Miley Perth J. R. Dalvie

Johnsons installs 380ft brick tunnel kiln in Croydon plant

H and R Johnson Australia Pty Ltd commissions a 4 million dollar 380 foot insulated tunnel kiln at Croydon to boost tile output and produce an all Australian tile. The kiln, designed to satisfy glazing and finishing units, uses 282 burners fed by natural gas across 18 auto controlled groups.

Croydon H. and R. Johnson (Australia) Pty Ltd Johnson Johnson Australia

New Zealand Plans National Superannuation Scheme

Auckland reports that Labour aims to launch a broad national superannuation plan to mark its era, with Minister Rowling proposing a pension style system with 12 percent contributions, portable credits, and state control via an independent authority, stirring debate among private funds and opposition.

Rowling Muldoon Sweden New Zealand Stockholm Exchange New Zeala Bles U National Party

Also Mentioned on This Page

Cxputlinz Mrituyn Meh BBC Mt Lyell Renison Falls Brian Massey-Greene CAGA CACA Associated Securities Ltd McKay J. Sands D. Semi Tyre Independent J. O'Byrne ALP Tasmania Semsei Melbourne Pig Producers Mobil NZ Plans Auckland Kirk Douglas Zealand National Provident Fund Mr Rowling Fetrie Streel Eric Ard Australia Australand Harry Peck and Company Aust) Pry Limited Mercantile Underwood Limited NOWGH Cini Comaary Wes Arport Sranda Hespenney Pewe's Jotk Farrer Shopping Frabaick Ammpol Carag Calien Fiarag Musonalo Mall Smack E Oriana Mall Rotre Centre Paragon Cale Foceen Pang Lachlan Mage Pearce Shopping Vyaromngd Weelangera de Casherra Eden Owra Af Hall Wass Gowlfern Cooma Muxcot Aireport John Fairfar and Son Hutter Street Cecil Lederman's Colina Street Southern Cross Sycest Morning Herald National Times Avettalar Piniemcial Review Sydney Sun Sui Herald Womans Day Pi Poole Wormanes Works Desly Watch Abit Pol, Belk Edee Trey Ice Seve Othe Sun-Herald Bourne Mt Hellegences Moteia Seatre Kink Aire Vanity Farrer Goldet Chai Uniarra Queanbeyan Yares Orgon Heine Curtin Argyle St W. Leon Pi Haines Sccom Fiat Rivett Street Hackett Flynn Civic Alko Hous MacQuarie University O'Reilly Png Boardman Love Jenifer Leigh Daniel John Hospital Cook Michael Ronnie Graham Cobb Roslyn Roy Leah Shane Stag Greve Heide Tana Doctor Stall Melville Denise Stan Phillipleigh Alker Toaissa Geof Mark Christipher Hoth Well Apne Aia Uth Hedges Emily Maria Meredith Street Queanbevan Mo Othe Simeon George] Hedges Crewe iSvdines Albert Hivwral Charlie Yams Jim Bill Queanbev Cuthbert Barbara Ann Marpare Col Jody Budd Dewhaurst Eve Enid Glenda Dennis Ward Kershaw Kathleen Air ‘Vadly Syl- ky __ua Johnny Modica Williams Mathews Anne Patrick Callen Mathews Ol Ben Peta Pawick Mevin Mathews Fen Cas Lic Northbourng Avenue Farrer Deakin Aoniy Torrens Aval Bucy Grey Allen Curtis and Partners Pty Ltd Wail K. G Putt Shiay al
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