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.
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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.
MENTIONED IN THIS ARTICLE
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.
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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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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Japan
Australa
Kenneth Clarke
International Wool Secretariat
Clarke
London
Japan Wool Spinners Association
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