Legislation urged on nominee owners in brick firm talks
Mr R I Hamilton chairman of Brick and Pipe Industries Ltd Victoria’s largest brick maker urged government inquiry into takeovers via nominee owners. He said company plans to borrow 1 million for two tunnel kilns at Blackburn to lift weekly clay pipe output past 1000 tons and anticipates higher brick production to fund expansion amid Vietnam war tax changes.
MENTIONED IN THIS ARTICLE
R. I. Hamilton
Brick and Pipe Industries Ltd
Victoria
Hamilton
Brick and Pipe Industries
Blackburn
Sandhurst Brick Couture With Confidence, Ltd
Bendigo
Vietnam
Metropole Board Rejects Hooker Bid On Takeover Offer
Metropole Hotel Directors unanimously reject the L. J. Hooker Investment Corp bid of $4 a share. The offer, via Daventry Pty Ltd, was not recommended to shareholders or accepted on Metropole’s behalf. Director Brendan Dowling resigns effective June 30.
MENTIONED IN THIS ARTICLE
Hotel Metropole Ltd
L. J. Hooker Investment Corp Ltd Group
Hooker
Metropole
Brendan Dowling
Boulder chairman retires and Courage beer plans
Matthew Cody, chairman of Great Boulder Gold Mines Ltd, retires in Melbourne and says his hotels will sell Courage Brewery beer when launched. Nils E. Nilsen becomes new chairman, a veteran mining executive. Victorian hoteliers adopt a wait and see stance on Courage beer amid limited details.
MENTIONED IN THIS ARTICLE
Great Boulder Gold Mines Ltd
Matthew Joseph Cody
Melbourne
Cody
Carlton
New Courage Brewery
Victoria
Young and Jackson's
Great Boulder
Nils E. Nilsen
Australia
Michigan College of Mines and Tech
Nilsen
Mt Isa
Courage Brewery
The
Australian Hotel Association
J. B. Kelway
Royal Doulton bids 4.5m for R Fowler in Australia
Royal Doulton Potteries Ltd through its Australian subsidiary will bid 4.5 million dollars for R Fowler Ltd, offering 1.80 cash for ordinary shares and 3.50 cash for preference shares. Fowler directors will consider the proposal as market prices rose.
MENTIONED IN THIS ARTICLE
Royal Doulton
R. Fowler
Royal Doulton Group
Sydney
R. Fowler Ltd
Doulton Potteries (Australia) Pty Ltd
Fowler
R&e
Gollin to expand coal activities through takeovers
Gollin Holdings Ltd will broaden its coal operations by acquiring stakes in Canwan Coals Pty Ltd and Cayman Coals Pty Ltd, expanding an export focused business. Cayman Coals will run a small mine at East Maitland by taking over Tipton Colliery leases and nearby reserves.
MENTIONED IN THIS ARTICLE
Gollin Holdings Ltd
Canwan Coals Pty Ltd
Your Coals Pty Ltd
Caiyon Coals
Fast Maitland
Tipton Colliery
Back door listing plans for Dickson and Johnson group
Dickson and Johnson Directors of Wollon real estate concern plan a back door stock exchange listing for a Sydney stainless maker. On June 28 they seek approval from Dickson and Johnson Pty Ltd for 670. The move follows a 64 percent South Coast stake sale to Tjuringa Securities Ltd. Proposals include Tjuringa buying all South Coast subsidiaries for 154000. Directors proposed include J. F. Dickson A. D. Johnson K. F. Dickson and D. R. Stewart. The Australian Shareholders Association NSW criticises South Coast directors for inadequate disclosure.
MENTIONED IN THIS ARTICLE
South Coast Estates (Holdings) Ltd
Stock Exchange
Sydney
Bupeettal
Dickson and Dahton Pty Ltd
South Coast
Ipec
Tjurringa Securities Ltd
Tjuringa Securities
Isting
Dickson and Johnson Hold
She Ltd
J. F. Dickson
A.D. Johnson
K. F. Dickson
D. R. Stewart
Australian Shareholders’ Association
Nsw
Dickson and Johnson
Dickson
Johnson
Rate of new lending moderates among major banks
The four weeks to May 8 showed a moderation in new lending by major trading banks from $36.0 million weekly to $33.4 million, while overdrafts and term loans remained substantial. Overdraft limits rose to a peak of $4,883.3 million, aided by farm development funds, as drought relief lags in translating to immediate farmer benefits.
MENTIONED IN THIS ARTICLE
Itralian Bankers’ Association
Rank
Tien
Cameron
Magellan Reveals Bass Strait Exploration Plans
Magellan Petroleum Australia Ltd said it will expand Bass Strait exploration with a marine seismic survey this year to locate drilling targets on the Gippsland basin southern flank. An aeromagnetic survey identified five anomalies ranging from 300 to 900 feet water depth, all in the same basin environment as BHP Esso fields.
MENTIONED IN THIS ARTICLE
Magellan
Bass Strait
BHP Esso
Gippsland
Aontinental Shelf
Bhp-Esso
Australian
Bhp-Essa Halibut
Kingfish
Ehows
Ohn
Consolidated Quarries Jump in Melbourne Shares
Consolidated Quarries rose sharply in Melbourne trading, jumping to 220 shillings after a 25p increase over the prior five sessions. About 16,200 shares changed hands as the stock opened at 51.75 and closed at 2.20, with no reason given by the company secretary for the surge.
MENTIONED IN THIS ARTICLE
Consolidated Quarries
Melbourne
Wool market steady as Sydney buyers push Adelaide trade
Wool remained firm with Australian markets showing demand for merino and greasy wool. Prices hovered around 46c a pound, supported by strong interest and little change from the previous week. A total of 82,650 bales were recorded as the week’s offering.
MENTIONED IN THIS ARTICLE
Sydney
Adelaide
Cox Finance Receives Disputed Funds From Cox Brothers
Cox Finance Corporation Ltd partly recovers money held by Cox Brothers receiver and manager and may receive a smaller amount later. The received sum stems from a court decision on the recovery of debtors funds. Union Fidelity Trustee Co says the payout to debenture holders marks CPC’s fourth repayment, with total repaid at 70c in the dollar. Cox Brothers six month accounts show net income of 76,448 against the prior year’s 2.66 million loss.
MENTIONED IN THIS ARTICLE
Cox Finance Corporation Ltd
Cox Brothers (Australia) Ltd
CFC
Cox Brothers
Mrsr. W. Ellis
Foy and Gibson
CPC
Cox Bros
Also Mentioned on This Page
Pubic
EL Tech
Civic Co-operative Permanent Building Society Limited
s.Se
Phos Mandee
London
A. D. Meares & Bishop
Sydney Stock Exchange
Ml.c
Petrie Street
Canberra
Canberra Credits Pty Ltd
Lake Credits So Pty L
Northbourne Ts Vende
A. C. Goode & CO
AMP
Hobart
Brisbane
Perth
Co-Operative Permanent Building Society
Canberra City
Novi
Savinet Grant
Metropole Board
Daventry Pty Ltd
Gt Boulder
Wba. 1
Doullton Potteries
Potteries
Doulton
Getai
Gollin
Canwan Coals
Newscastle
Agenta
Son and Johnson Pty Ltd
Tiuringa Securities
Tiuringa
South Coast — Directory
San
FIAT
Newcastle and
Pirie Streets
Fyshwick
Falcon
A.C.T
Fargo
Jaguar
Morris
Magellan Petroleum Australia Ltd
Wool
COX Finance
Union Fidelity Trustee Co of Australia Ltd
Anet
Thoes
Toyota
Toyota Sales
Whyalla Street
Ac.t
Uriarra Road
Queanbeyan
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