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Canberra Times in Canberra, Australian Capital Territory

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This newspaper page contains 7 articles. Subscribers can read the full text of each article.

Newspaper

Canberra Times

Location

Canberra, Australian Capital Territory, Australia

Date

Jul 28, 1973

Page

9

Banks form energy financing bank to fund billions

Six leading international banks announce the creation of the International Energy Bank Limited, backed by substantial joint resources to finance energy projects over the next decade. Headquartered in London with a global focus on North Sea gas and oil developments, the bank assigns stakes to Societe Financiere Europeenne 30 percent Banque Worms 10 percent and four banks each 15 percent including Bank of Scotland CIBC Republic National Bank of California and Barclays Bank International.

London The Ix Danks International Energy Bank Limited JEB Paris Societe Financiere Europeenne IFR Banque Worms Bank of Scotland Imperial Bank of Commerce Republic National Bank of Calissa USA Barclay’s Bank International Limited Alaskar

CBC lifts profit and payout after CAGA acquisition

CBC reports an 84 percent rise in profit and higher dividend for the year to June 30, aided by its acquisition of Commercial and General Acceptance Ltd. Consolidated profit reached 8.57 million, up from 4.66 million, with assets growing to 2,243 million from 1,216 million. The final dividend rises to 6 percent, lifting the annual rate to 11.495 percent.

Commercial and General Acceptance Ltd CAGA CBC Savings Bank Cacgas Crue

Formfit profits surge on strong year to June 30

Formfit Ltd reports net profit rising 915 percent to 508000 for the year ended June 30, up from 266000 in 1971 72. Revenue climbs to 4.16 million with 468921 tax profit and 50763 depreciation. Directors propose a final dividend of 14 percent, totaling 24 percent for the year, while retained earnings grow and reserves rise.

Pye Industries posts 129 percent profit surge for half year

Pye Industries Ltd, linked to the UK electrical group, reports net earnings up 129 percent to 304,200 for the June 30 half year, on a 44 percent sales rise. Directors credit buoyant economy and stronger consumer demand, with a capital profit of 251.40 million from share sales cited, as chairman Sir Heewah Beate notes first quarter results matched the prior year’s.

Pye Industries Ltd Pant UK Electrical Group Sir Heewah Beate Apol Televian Teashing Directory Limited Selsey Fo

Rural Exports Rise as Share of Total Exports Climbs

Preliminary figures from the Bureau of Agricultural Economics show rural exports for 1972-73 surged to 31.8 percent of total exports, with rural-origin exports estimated at 3.2264 billion dollars out of total exports of 6.2286 billion. Wool production valued at 1.2384 billion dollars, up 0.5779 billion from the previous year.

Bureau of Agricultural Economics

Changes in Marketing Proposals for Apple and Pear Board

The Minister-for Primary Industry Senator Wriedt announced proposals to reform statutory marketing for apples and pears. A review of the Australian Apple and Pear Board would lead to repealing the Apple and Pear Organisation Act 193R-1971 and creating a new Australian Apple and Pear Corporation with a smaller board including an independent chairman, three grower representatives, three specially qualified members, and one government representative.

Senator Wriedt Wriedt Australian Agricultural Council Apple and Pear Board Australian Apple and Pear Corporation

Japan offers aid to stabilise raw wool supplies

Tokyo reports Japan will extend financial aid to wool growers in Australia and other producing countries to stabilise future raw wool supplies. International Wool Secretariat managing director Kenneth Clarke said the offer was disclosed in a press statement issued on his departure for London after visiting Japan. Clarke said wool spinners were concerned about future supply and would provide assistance if needed.

Tokyo Japan Australa Kenneth Clarke International Wool Secretariat Clarke London Japan Wool Spinners Association

Also Mentioned on This Page

North Hamessey G. B. Kater Formfit Ot Ltd Pye Les Eaton Holden Phillip Act Capital Finance CO Pty Ltd Petrie Street Civvic Centre Eric Hervey Bay Queensland Asso Ia Ee Australian Overseas Finance Corporation Pty. Limited M. A Pr’ Go Speune Intercontinental Development Corporation Pty. Limited Alfred Street Milsons Point Nsw Suvia Bay Gallipoli Sun-Herald Arthur le Poir Trench the Sun-Herald Erties Eee Ste Canberra Times Canberra Jolloong New Oh Neip Aignalures Auians Carpet Vanborra Coleg of Achurced Bdusstion Vytes Dettrmrianive Gloverurtin Vraem ‘Ood Jones Wedeo Phare Dickson Lee Hone Ro Aber Reis Dunne Pante Evan Pimm Kish Tanda Shaping Cerre Ansetta Hoaspetsi Kina Wnities Peter's Bed Store Cook Shopping Farrer Shopping Feahwick Mpl Are Paragon Math Poina Centre Ng Centre Centre ‘Centre Seorkin Jie Jackson Te Deroths Ken Andrew Ribom Bothwell Urchase Sangster Jim Staih Tesses Elsabeth Suter Michael Inane Alalf Kipfper Ince Maher Mane Michael Tuke Edward Doctor Stafif Pores Ince Yates Pam Otal Ther Alvary Wyse Fitty Jenny Dandol Sue and Morrie Royce Michael Agnes Anne Dando Emera Uy Eden Aed Hall, Yam Canberra City Mascot Airytar Jote Pairfas Hunter Street Weyneard Central Railway Coreaner Andy Melbourne Canhe Times Legerman's Callina Steet Southern Hotel Collins Book and Soma Ltd Linke Steet Servooem Aldworth Wooley Jan Walt Morgan Collison Lorraine Bruce Paul Vietor Graham Nee Cobb Rowyn Troy Leah Shane Henderson Lynda James Edith Esther Mericar Dani Tony Rina Nancy Sini Goodwin Christin Selk Fred Graeme Seind Bates May du Amanda W. H. Dee Why Joyce May Mire A. J. Bates Red Hilk Papworths Mra DB Toe Wollongong Aie Egeugher Maria Joe Mc_J. Drooft Ros Jennifer Kaye Kewn James GE Furness Padsew, la Innes Brady J. Brady Deakin Jeanette Anne Ne Verney Auckland Avail Agers Ie Horak Uetralian Chineyman Bick Pubs Wartralia Imen
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