Savings bank deposits top $10 billion in June 1973
Savings bank deposits in Australia reached a record 10 238 million in June 1973 after a 303 million rise, with 210 million in interest additions. For 1972-73 total deposits grew by 1 847 million, following a 199 million June 1972 rise and 186 million from interest. Mr R B Cameron of the Australian Bankers Association commented on the figures.
MENTIONED IN THIS ARTICLE
Australia
R. B. Cameron
Australian Bankers’ Association Research Directorate
Savings Bank
Bureau of Census and Statistics
Savings Bank Deposi
Savings
Savings bank deposits and housing advances rise in early 1970s
Savings bank deposits grew by 10 percent in 1971 72 and were up $757 million from the prior year while housing advances outstanding reached a record $3 042 million in 1972 73. Over the previous decade the highest deposit growth rate was 14 percent in 1963 64 with deposits expanding steadily and housing advances climbing to the record level.
MENTIONED IN THIS ARTICLE
Savings Bank
GM profits soar in first six months of 1973
General Motors reports the first half of 1973 earning a record for any corporation in the period. Quarterly profits reached 129 million dollars, up 18 percent from the prior year, with six month sales totaling 413.5 million and a prior year figure of 1.4 billion.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Corporation
Shell BHP form joint venture to sell LPG in Australia
The Broken Hill Proprietary Co Ltd and Shell Australia Ltd announce Shell BHP Auto gas Pty Ltd to sell liquefied petroleum gas for cars and trucks. Initial operations focus on Victoria and southern New South Wales with potential nationwide distribution and a target of 5 percent of the petroleum market. The venture highlights cost benefits, conversion costs, and a note on excise tax and safety concerns.
MENTIONED IN THIS ARTICLE
Shell
BHP
Broken Hill Proprietary Co Ltd
Shell Company of Australia Ltd
Yesterc
Shell-Bhp Autogas Pty Ltd
Victoria
Southern
Nsw
Hank Berger
Borger
Britain
Japan
Hematite Petroleum Pty Ltd
Australia
Geelong
Long Island
Westernport
Repco
D. A. Wittwer
Wittwer
Reserve Bank Gold and Forex Holdings Rebound to High
The Reserve Bank’s holdings of gold and foreign exchange rose to 4,347.9 million dollars in the week ending July 24, up 32.91 million from the prior week, its highest level since the February 13 dollar devaluation. The series traces declines from 4,590.2 million on February 7 to 4,315.1 million on February 14 and a low of 3,874.0 million on April 29.
MENTIONED IN THIS ARTICLE
Reserve Bank
Fight for Anderson shows outsider selling stake
The scramble for control of Anderson Meat Industries Ltd appears resolved as NSW trader Mr G Whittaker, once the biggest shareholder with 3 million units, begins to sell. Anderson’s board, aided by directors and associates, bought more shares to block a takeover while Whittaker’s sales reduce his stake to about 24 percent.
MENTIONED IN THIS ARTICLE
Australia
Tone Lime Associates
Anderson Meat Industries Ltd
Anderson Board
Anderson
Sydney
Nsw
G Whittaker
Whittaker
Peter Berner
Berner
Anderson Directors and Associates
Andenon
Unclear OCR Record of Film and Names
Fragmentary OCR text lists names and codes such as Ba Brothers 400 Tae 8110 and Endeavour MMO 4c with scattered numbers and fragments. No coherent report or event is readable to identify people, places, or actions.
MENTIONED IN THIS ARTICLE
Brothers
Tae
HEMA to go to tribunal on cuts
The Heavy Engineering Manufacturers' Association chair, Mr D L Mc Bride, seeks immediate restoration of tariffs. Mr Knevitt warned that small tariff reductions could seriously disadvantage contracts worth millions, risking workloads for six to twelve months. The Tariff Board, after a four year review, found the industry economic and a national asset with export potential and recommended a 20 percent general tariff floor.
MENTIONED IN THIS ARTICLE
D. L. McBride
Knevitt
Tariff Board
Midland Credit reports 26 percent earnings rise to record
Midland Credit Ltd maintained a pattern of higher earnings with audited net profit at $458,128 for the year ended June 30. Earnings rate rose from 38.3 percent to 40.8 percent, dividend held at 15 percent with a final payment of 7 4 percent. Capital was set during the one-for-ten issue and a placement of 50,000 shares at $1.70. Tax gain $403,039 and depreciation $3,300. Executive director John Hammond noted the main risk was possible statutory deposit scheme from the Government.
MENTIONED IN THIS ARTICLE
Midland Credit Ltd
Earings
Midland
John Hammond
Horizon
NRMA issues first prospectus for debenture stock
NRMA Finance Ltd jointly owned by the National Roads and Motorists Association and NRMA Insurance Ltd releases its first prospectus for a debenture stock issue. Subscription up to a further million. The highest rate offered is 8.75 percent.
MENTIONED IN THIS ARTICLE
Nrma Finance Ltd
National Roads and Motorists Association
Nrma Insurance Ltd
EWP Turns Wool Sales Digital in Australia
INFONET driven shift replaces biweekly auctions with a computerised network. Growers ship wool to state centres for testing by AWTA, samples sent to central rooms, and buyers bid via Sydney Telex. The system instantly pools data from warehouses and testing, generating prices, invoices, and market analytics in minutes rather than hours.
MENTIONED IN THIS ARTICLE
Australia
EWP
Australian Wool Testing Authority
FWP
Sydney
Melbourne
Adelaide
Fremantle
CSA
Canberra Upgraded in CSA Network
Canberra gains online access to CSA UNTVAC 1108 in Sydney via APO 4800 bps link. Interactive services offer 10 1 30 character terminals. Model 1 combines a 400 lines printer a 400 cards minute reader and Siva memory. Model 2 adds Remex 400 and 8000 word memory. The Canberra terminal aids INFONET users with CSTS tel service for over 1000 users.
MENTIONED IN THIS ARTICLE
CSA
Sydney
Immona Ita
ICL Group profits surge as UK units report half year rise
International Computers Ltd and International Computers (Australia) Pty Ltd posted higher pretax profits for the six months to March 31, with ICL Group showing $10.071 million versus $2.568 million in the prior period. Government support and continued R and D funding were cited as sustaining growth amid earlier slowdowns.
MENTIONED IN THIS ARTICLE
International Computers Ltd
International Computers (Australia) Pty Ltd
Industrial Develent
Ees Computers Ltd
ICL
IC W
Allerk
Chaiman
International Com
Associated Equipment Bag
Manager David B Denniston Appointed Pen Superintendent
David B Denniston has been named pen superintendent after serving as mid Atlantic regional manager for the Digital Dappent Corporation until recently. He has held the role since 1967.
MENTIONED IN THIS ARTICLE
David B. Denniston
Superninal
Pee US
Digital Dappent Corporation
Institute appoints Richard Levingston as director of Australia institute division
Institute director Richard Levingston has been named director of Control Data Australia's Institute Division succeeding Frank Ellegenere who becomes regional director of Control Data Institutes in Northern Europe based in London Control Data also creates two new executive sales posts in Australia R R Archibald is Australian sales manager for computer systems and products while W G Whiteley is Australian sales manager for services
MENTIONED IN THIS ARTICLE
Richard Levingston
Control Data Australia
Institute
Frank Ellegnere
Control Data Institutes
Europe
London
Control Data
Australia
R. R. Archibald
W. G. Whiteley
Net profit rises to 142214 for half year to June 30
Net profit Sing OE a ré in per profit af 142214 for the 6x months to June 30. The was after an of 103375 (59,968). Turnover rose by 32.5% to 1065673.
Seminar at ANU on knotted boundaries
Professor Hale F. Trottier of Princeton University will give a Thursday seminar at ANU titled Surfaces with knotted boundaries. The talk, part of the Thursday Seminars by the ANU computer centre and the division of computing research, begins at 00pm at the Florey Theatre and will cover how surfaces can be embedded in three dimensions.
MENTIONED IN THIS ARTICLE
ANU
Hale F. Trottier
Princeton University
Florey Theatre
ANU Computer Centre
Division of Computing Research
Qantas II links Sydney and San Francisco via Intelsat debut
Qantas Airways operates the world’s lowest cost data link between its Sydney reservations computer and its North American HQ in San Francisco. Using the Pacific Ocean Intelsat satellite, data travels 22 300 miles, with a typical round trip processing and display time of about three seconds. Qantas II began in Australia in November 1972, based on IBM 3460/65 processors with IBM IPARS through a Honeywell link.
MENTIONED IN THIS ARTICLE
Qantas Airways
Qantas
Sydney
San Francisco
Pacific Ocean
Australia
Qantam
IBM
Also Mentioned on This Page
Lia Hameniey
Poseidon
Woodside
Andersons
Jackson, Graham, Moore and Partners
Anderson Scrip
Eading Falls
Lee Oor Tile
Iedia
Teatles Clothing
Steel and Engineering
Imerals
Hema
Searching
Midland Credit
Nrma Prospectus
Brisbane
Infonet
Economic Wool Producers
Jim Maple-Brown
Canberra
Lc.l
Justii
Chricee
Mr Levingston
Hewlett Packard Australia Pty. Lad
Hewlett Packard
Casberra and
Malden
Mninicocepaler
Hewlett Peckard Australia
Ay Capital City
Simpla
LUX Lode
Holland
Southlands House
Mawson Place
Mawson
Adeiren
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