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This newspaper page contains 8 articles. Subscribers can read the full text of each article.
Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Jun 21, 1968
Page
5
Houghton directors oppose the takeover offer from Powell's, stating they will unanimously reject the bid and advise shareholders to follow suit. The advisory stance underscores a firm defense against the hostile approach amid limited clarity on terms and potential benefits for investors.
Mi EH Sanders, former head of staff development in Sydney, takes the Canberra post as manager of the Commonwealth Banking Corp. He joined the bank in 1914 and has worked across New South Wales Queensland and South Australia. Sanders will assume the role next Wednesday, succeeding Mr Big Ke Mailhuid who moves to a trading position.
Latec Investments Ltd chairman Mr P A Matoul released a statement noting Kempthorne Mistral Ltd plans to seek listing on the Melbourne and Sydney exchanges following a public issue of 215,867 ordinary shares at a $15 premium. The syndicate and ownership details remain uncertain as exploration and mining ventures proceed across Australia with plans to pay a 6 percent dividend after July 1.
Tight controls on the securities industry were discussed by a conference of Federal and State attorneys general in Canberra. A meeting of the committee was planned to review possible legislative measures to regulate exchanges and curb brokerage activity amid rapid market growth and prompted by exchange concerns.
Unclear excerpts indicate profit rises for the year ending March 41 with a dividend cut from 124 to 18 per share. Group net profit figure around 243,4000 or similar is mentioned with notes that turnover was slightly below prior level due to company reorganisation.
The article reports Pexa Oil's capital inflow of about 144 million during May, with details on reserves, exports, and related financial moves. It notes stock market activity in Sydney, underwritten share activity, and a draft of new Petroleum Securities regulation affecting the company’s financing and formation plans.
Sir Thea Kelly retiring as NSW Retail Traders Association president forecast a good trading outlook for 1968-69 while noting disturbing indications of possible cost-push inflation. Grace of Grace acknowledged stability as a mitigating factor amid broad concerns of external pressure on prices.
A damaged OCR style classified snippet lists various names and times such as YMCA, EADIES, and a range of incomplete locations like Red Hil and Dickxon. The fragment mentions Tuesday and Friday events, suggesting a local schedule or notices but lacks coherent details or full context.
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