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.
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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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
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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.
MENTIONED IN THIS ARTICLE
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.
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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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
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Rowling
Muldoon
Sweden
New Zealand
Stockholm Exchange
New Zeala
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National Party
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