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This newspaper page contains 5 articles. Subscribers can read the full text of each article.
Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Jun 20, 1969
Page
7
A broad financial roundup notes Sydney mining and oil sectors seeing elevated costs and activity through May. Details mention market shifts, project funding levels, and forecasts for production and housing tours amid ongoing energy demand.
A fragment mentions stock options in relation to steamships and a local setting. Details are unclear, but the text notes some query about shares linked to a steamship context and a possible local designation.
Offshore Oi NL proposes raising about 1.998 million to fund exploration in offshore Australia fields. The prospectus details share allocations and options, with existing directors led by Ralph Sieger and L J Hooker, planning payments on share issues and potential royalty interests. The document notes subscription by investors and terms of conversion, aiming to back offshore area surveys and balance sheet implications.
Permewan Wright Ltd, a chain grocer and produce merchant, lifted group turnover by 5.1 percent from $78 million to $82 million in the year ending March 31, but the gain was dampened by a substantial tax increase.
The article details a bank merger and capital expansion to 15,275,000, with a 4-for-1 share split, listing on the Sydney Stock Exchange. Apollo International Mines and related entities show trading activity, with several price movements and turnover described as the market reacts to the new structure and future prospects.
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