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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Jun 28, 1968
Page
6
Fragmented notes describe London market timings and share options with mentions of BHP at 25.30, Crintan, Sompst ion, and Sliver Valley Fen. Also references Perth timing and various ticker like items, without cohesive narrative.
A historical note reports Lindemans expanding its winery holdings, detailing ownership, management, and regional growth during the late 19th century. The piece cites Mr Ke Count as president of the Ants and references an exhibition related to the winery’s expansion and acreage increase.
Burns Philp and Travelodge join forces with Travelodge Australia Ltd and Trust Houses Group Ltd in a cross shareholding backed motel venture. The deal ties Burns Philp South Sea Co Ltd and Guernesad Insurance Co Ltd into a joint scheme to develop Travelodge accommodation in Australia and operate under the Travelodge Australia Ltd banner. The press note outlines the creation of the venture and its anticipated operational framework.
A Japanese Australian venture plans to market matches produced at a 50 million factory to be built on a Jacen site at Strathpine in Brishae's northern region. The setup is slated for early next year and aims to establish operations in Australia.
Report notes buyers of call options on Western Mining Corporation shares invest about 90 000 with expectations of an 18 rise within six months while a separate $450 000 stake could yield 2 870 318 to 2 917 43 if prices move. WMC shares have drawn keen interest amid a broader materials sector surge. A 1201 acre hoop pine area near Gin Gin valued at 580 000 is cited as supply for a Wundabers district factory project.
Philip Morris offers 159 dollars per Gallaher share in a cash deal to acquire the Britain based tobacco group. The bid values Gallaher at a high level, with plans to pay a 5 percent dividend and pursue full ownership if accepted. Three buyers are involved in the process including Milbourne vice, Maurier. The move would create the world's largest cigarette company if completed.
ACF to raise 3.1 million via a one for three share issue at a premium. ACE and Shitleys Fertilisers Lab outline a 33,143,607 raise with 2 shares at 50c premium. ACF expansion funds include 2,514,458 to 10,029,350 and a 818 expansion programme. Directors set terms at the May meeting with allocations to shareholders and notes on payable dates.
Several senior officials depart the Department of Trade over months as Mrs A Hack and Mr Callaghan leave their posts. Moves include Campbell and Philling joining external bodies, while replacements and successors are named for the Office of Secondary Industry. Australian Fertilizers Ltd backs a plan described as underwritten by a majority shareholder.
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