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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Jun 05, 1965
Page
6
The extraordinary general meeting has been adopted to address liquidity, directoral impermanence and redeytion, with a premium issue held on June 31 to balance shareholder interests and funding needs. Directors stated the issue would maintain solvency and support strategic aims amid market pressures.
Sydney Friday The receiver in charge of A L Vincent Industries Ltd says December 1964 showed steady improvement in operations. The holding company incurred a loss for the year ending 1964 and assets included five real estate items. Expected year end results may show higher earnings than the previous year with potential excess of revenue over liabilities of about £460,000.
A fragmented OCR note reports the Gibsonvale Tin Development Primaryship registering yesterday with capital of 100,000 pounds. Proved reserves of about 2 million cubic yards are cited. Plans mention mining and treatment, with a final claim regarding retind of mining and treatment.
A clipped financial summary mentions outcomes around July 4 and a 9/7 target date. It notes earnings of 10] Sper cont an capital, and refers to Shoreholeers and MP Metals directors connected to Australian entities. Final settlement details include payments and revisions of contracts, with figures around 118,00 cited for yearly newsprint operations.
Fragmentary OCR text shows a iver site and directors agreeing to warehouse operations. Mentions increased ice value and a widow park, with garbled names and dates. Core facts are unclear due to the severe OCR corruption.
A fragmented report notes Amerada Petroleum Corporation of Australia facing farmout talks as underwater well results near the Simpson Desert spark market chatter. Ames Metitty No 1’s test depth reached 2,975 feet with 99,993 pounds reported in a December financial report, while pilot earnings and project metrics show 409 percent paid in cash and 178 percent on finds. The news also covers Trench Mines Ltd London tender withdrawals and a restructuring involving Treasure Tin Dredging Ltd and various mining corporate entities.
Sydney stocks show gains with BHP leading a broad rise while the overall share index climbs 1.68 points to 4234.2. Other names mentioned include ESR, MLC, and Eley Goldshe, with commentary on mining, electricity, and financials amid a volatile session.
The report notes renewed interest in wool purchases and mining investments with several firms showing rising bids and improved activity. It highlights New England loan activity and state representatives discussing financing, alongside gains in metal exploration and related shares.
The article discusses growing Australian exports to Japan and the potential shift in trade balance by 1972. It notes Japan's demand for engineering products and chemicals, diversification of Australia’s exports, and the need for joint ventures and skilled Japanese personnel to operate plants. It mentions coal and iron ore projects and international suppliers for rail, rolling stock, and power equipment, highlighting Australia’s evolving but fragile trade ties with Japan.
A Finder reports a 1 foot weight reading from a measurand near Mulen. RayGorp 38 is identified in the note, with Kelana and Koimki 120 mentioned as nearby references. The entry records a small measurement event and locates the participants in a limited local context.
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