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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Jun 19, 1975
Page
6
Tokyo reports outline how brief measures aim to cushion oil shock and recession effects on world markets. Australian foreign minister comments on the ongoing debate in Tokyo as lawmakers discuss temporary aids to economies, with attention to the Asian financial scene and prospects for stabilization.
A Canberra summary reports criticism of a government toleration commission bill by national manufacturing industry association representatives. The meeting discussed power, trade, and policy impact with mentions of Australia, Japan, and imports. Officials noted rising costs, export issues, and global economic pressures affecting the sector.
The May liquidity squeeze hits banks as major trading houses report falls in holdings and government securities. Deposits and fixed deposits shrink while savings and time deposits rise marginally, with total deposit withdrawals leading to a net decline and several banks detailing reduced funding levels.
NSW ministers urged reversal of a government decision affecting workers compensation. They allege new measures would cut payments by about 20 percent and would hit workers, employers, and local authorities. The request cites amendments to the Workers Compensation Act and potential broader social impact.
The Common Market finance ministers defer actions on a formal return of the French franc to the EC currency system until next month. Jean-Pierre Fourcade confirms delays as market volatility persists amid ongoing discussions about the franc’s status and possible stabilization measures.
Cyclone directors reject a takeover offer from Borat Ltd. They state they will keep shareholders fully informed and issue a formal statement of the company’s financial position. The directors say they have no counter bid and emphasize preserving shareholder value.
Fragmentary OCR reading references volumes and rates with scattered foreign terms. The passage lacks coherent events, names, dates, or concrete outcomes to identify a clear news item or person.
Corpore minister te ys Aamo ft set tae Ton Vietee te ae eng a ie counet sour hits ot anda Sea Sita Becht and Ye on Zs Bont Cormistion wil of Tab Escetn ad Sr the lb town twa tare Meet cer Sombie
The chairman Mr G Manhewn and margin director report liquidity issues at Lakeside Heel and Nonke Townhouse Matar ton Uil. Loss shown as £123,257 for the half year to December 1874, against 3 1089 for the six months to June 1996. Matthews notes improvement expected amid rising costs and market trends, while staff describe ongoing rationalization efforts and program adjustments.
An annointment records Gordan E Fenwish named manager at The Tard International, Ausire Inn, after prior post at Wanstetted. The appointment follows display of authority by RT Ellerman and connection to Australian operations.
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