World Bank Grants First Papua New Guinea Telecommunication Loan
The World Bank announced a 6.25 million loan to Papua and New Guinea for a four year telecommunication expansion by Posts and Telegraphs. The project plans 10 000 new lines at 35 locations with subscriber plant, financing 43 percent of costs totaling about 14 million. Four US banks participate. loan runs 20 years at 6 1/2 percent interest.
MENTIONED IN THIS ARTICLE
Washington
AAP - Reuter
World Bank Today
Papua and
New Guinea
The
Posts and Telegraphs Department of
Papua
Mew
Guinea
Sank
Bank
World Bank
Silver Valley Mine Drilling Yields Low Silvers
Ruby No 4 and No 4A diamond drill holes at Silver Valley Minerals NL’s Ruby silver mine near Armidale show low silver values. Shares fell on the Sydney Stock Exchange after the report, with prices fluctuating from $2.80 to as low as $1.60 before partial recovery. A second report noted No 3 hole results also low, though a later release claimed some silver values of commercial significance. The board plans four more drill holes to test a southern shear extension, while London trading showed continued weakness.
MENTIONED IN THIS ARTICLE
Silver Valley Minerals NL
Ruby
Armidale
Silver Valley
J. R. P. Partridge
Sydney Stock Exchange
Partridge
Tul, Joch
London
Sydney
Epen
William Adams and Co Lid reports modest recovery in year
William Adams and Co Lid the engineers surplus group lifted group net earnings by 4.7 per cent to 965 826 in the year to April 30, with sales up 6.8 per cent to 41.9 million. Dividend remains 124 per cent with 61 per cent final on August 15. Drought hit demand in south eastern Australia and Tasmania. The Metal Trades Award fuelled unrest. workforce not on strike.
MENTIONED IN THIS ARTICLE
William Adams and Co Lid
Australia
Tasmania
Metal Trades
Victoria
Houghton and Byrne Holdings Enter Merger Talks
Directors of Houghton and Byrne Holdings Ltd negotiate with rivals in a bid that could merge interests amid a takeover offer. They say talks near fruition after receiving a Pest Control Act offer of 130 dollars per share, while directors oppose the bid.
MENTIONED IN THIS ARTICLE
Houghton and Byrne Holdings Ltd
Powell
Houghton and Byrne Capital
Houghton and Byrne
Australia retail sales rise 10 percent from prior month
The total value of retail sales excluding motor vehicles rose to 658.0 million dollars at month end, up 10 percent from 597.6 million. Seasonally adjusted May figures show a 1.9 percent lift to 631.5 million, with the Bureau of Statistics noting caution over small movements in provisional estimates.
MENTIONED IN THIS ARTICLE
Australia
Statistic’s Bureau
French foreign reserves dip by 468 million dollars
Paris reports the Bank of France weekly balance sheet shows a decline in foreign currency reserves from June 13 to 20. The drop includes 330 million in convertible currencies and 134 million in IMF exchange stabilisation fund claims, with 138 million added via drawing rights from West Germany, Italy, the Netherlands and Belgium.
MENTIONED IN THIS ARTICLE
Paris
France
Bank of France
International Monetary Fund Exchange Stabilisation Fund
IMF
GAB
West Germany
Italy
Netherlands
Belgium
Pound Slides to New Low Against Dollar in London
The pound fell to 2.3825 dollars in London on Friday, a post devaluation low. The Bank of England reportedly used reserves to stabilize the currency near 2.38 dollars as trade figures and export disputes weighed on sterling while the German mark and Swiss franc held firm.
MENTIONED IN THIS ARTICLE
London
United Press International
Britain
Amalgamated Chemicals to resume dividends
At the Sydney annual meeting Amalgamated Chemicals discussed a potential dividend for 1967 after a 1966 interim payout. Chairman Schroder noted sales in the current year slightly exceed the prior period. The firm highlighted new product lines expected to lift future sales. A fresh service contract with ex-chairman J D Wilson followed his March retirement, including a retiring allowance based on 62,500 Amalgamated shares valued at 28,125, with details not disclosed. Wilson’s five year six month contract began April 1 1948, with continued superannuation payments through the term.
MENTIONED IN THIS ARTICLE
Amalgamated Chemicals
J. G. Schroder
Sydney
Terim
Schroder
Lome
Amalgamated Chemala Lidhan
J. D. Wilson
Wilson
Strobe
Amalgamated
Willson
Thorn Radio Rentals merge to form world’s largest TV rental group
Thorn Electrical Industries plans a 180 million pounds bid for Radio Rentals creating a group with about 2.4 million UK rental customers and roughly a third of TV set production. The deal would combine Ferguson HMV Marconiphone with Baird and give 25 percent of colour set capacity. No Australian plans announced.
MENTIONED IN THIS ARTICLE
Canberra Television Services
Thorn Electrical Industries Ltd
Radio Rentals Ltd
Thorn
DER
Radio Rentals
Britain
Canberra Television Services Pty Ltd
Canberra Television Ltd
Ortor
Channel 7
Mo Lses Commission
Thorm-Rr
Granada Robinson Rentals Combine
Ferguson
HMV
Marconiphone
Baird
Uranium Development May Issue Shares for Victoria WA Projects
Uranium Development and Prospecting NL may issue new shares to shareholders later. Directors announced the move to fund Walwa leases in north eastern Victoria and to maintain a 5 percent stake in Group Explorations Pty Ltd, which is active in Western Australia. Exploration and sampling have begun with a 25 percent interest in the Walwa operation.
MENTIONED IN THIS ARTICLE
Walwatin
Victoria
Group Explorations Pty Ltd
Western Australia
Walwa
US gold stocks dip in May under two-price system
The US Treasury announced a May fall of 79 million in American gold reserves, marking the second full month of operation of the world two-price system. Total gold stock stood at 10,468 million, including 4 million in the special fund for handling foreign gold. Officials welcomed the slower drain after April’s outflow of 81.56 million but cautioned the level remains high for an enduring rate.
MENTIONED IN THIS ARTICLE
Washington
Priday
AAP- Reuter
United States
US Treasury
Treasury
US trade deficit widens amid ship strike and rising imports
The Commerce Department reported the US posted its first deficit in five years this year, driven by an April dock strike in New York and higher imports. May exports fell 5.8 percent while imports rose 4.2 percent, contributing to an overall worsening balance of payments.
MENTIONED IN THIS ARTICLE
New York
Commerce Department
Shelleys Posts Modest Profit Rise in Half-Year Results
Shel Ltd reports a small rise in profits for the six months to April 30 as sales increase. Directors advised a steady 74 percent dividend payable July 25, with books closing July 12.
MENTIONED IN THIS ARTICLE
Shel Ltd
Yes
Terday
F and T expect stable profits for year to June 30
Felt and Textiles of Australia Ltd expects results for the year to June 30 to be no less favourable than 1966 67. Chairman Sir Robert Webster told a Melbourne shareholders meeting the company will rename as F and Pia Industries Australia. He noted receipts from payroll tax rebates and New Zealand profits boosted actual operations with NZ earnings rising. Australia showed improvement, with group profit up from 2 4 09 734 to a record 2 9 00 500 in 1966 67.
MENTIONED IN THIS ARTICLE
Felt and Textiles of Australia Ltd
Robert Webster
Melbourne
Robert
Pia Industries
Australia
Stanes
New Zealand
Weather report from a messy OCR filled drought era page
A weak depression over the north brings light to moderate rain in several areas while an easterly movement weakens, clearing in the west as a ridge extends from the south coast into Victoria. Temperatures vary from cool nights to warm afternoons with scattered showers in the Southern Tablelands and Central coasts.
MENTIONED IN THIS ARTICLE
Iverias
Thredbo
Tisoobarrs
Pola
Tenterfield
Kempsey
Potaunaine 19 at Lishong High School Tongatapu
Potaunaine, a 19 year old student at Lishong High School in Tongatapu, is noted in this brief item. The report cites the town and school as the context for the young resident's identity.
South Coast Tides Forecast From Batemans Bay
Murky OCR yields scattered tidal readings with uncertain times and figures. The fragment references high tides around 10.58 pm and early morning low tides, plus multiple garbled values and locations.
MENTIONED IN THIS ARTICLE
Batemans Bay
Tat Sanne
Slam
Marays
Radio and TV Listings for Goulburn and Wollongong Areas
A dense schedule of radio and television programmes across MBS News and local outlets, detailing time slots for news at various hours, birthday and town features, racing rounds, religious services, international calls, music programs, and sporting events. It lists stations and program names with scattered times and locations including Goulburn, Canberra, and Wollongong, with multiple daily segments and regional previews.
MENTIONED IN THIS ARTICLE
MHS
London
Muse Hall
Also Mentioned on This Page
William Adams
Canberra
Petrie Street
Canberra City
Canberra Credits Pty Ltd
Gareme Place
Lake Credits Co Pty Ltd
MN Avenue
P.O
A. C. Goode & CO
AMP
Brisbane
Adelaide
Parth
Pring, Dean
Sydney Stock Exchange Ltd
Northbourne Avenue
A. D. Meares & Bishop
M.L.C
Civic Co-operative Permanent Building Society Limited
Cig
Sociey En
Houghton Negotiations
the Bank of France
Sterling Lower
Bank of England
Amalg
Parents Link
Radio Rentals Pty Ltd
Anthony J Crosland
Board of Trade
Commission
Jules Thorn
Nevel
Fleeng
Shelleys
National Library OF Australia
Dan We
Weather Report
Lake Borney Griffis
Sioa
Awe
Mintere
Grasa
Windi Gam
Forth-West
Apm
Imph
Om Zee 7
Ions
Teologhs Caste
Batemens
Berningul
Joruya Merimbula
Ney
Malbourne
Perth
Darwin
Max
Corbers
Adedalde
Hiielbourns
Hobart
Bureal
International Penfriends
Sagning
Evelyn C
St Louis University
Baguio City
Philippines
Ign Goulburn
Reiny
Biel
Berra
Ise Fe
Allen Sewions
Harco
Iy Cade
Far West
Goulburn
Ee Ee
Werlain
ABC
Bac
suNbAy
Aks
Moses
Usic
Paidaent
Wollongong
la Randstand
International Wool Secretariat
I.W.S
Peteniarly Suse
Lw.s
Dae
Woal
Aupeiahe
N R
South Ed
Baskenau
Olitho Det
Mons Sing
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