Vernon retires after 14 years as CSR executive
Sir James Vernon ends a 42 year tenure by stepping down as general manager and director of Colonial Sugar Refining Co Lad in a major top management reshuffle. Knighted in 1965 for industry services, he joined CSR in 1928 as a junior chemist and became GM 30 years later. His successor is 48 year old Mr RK G Jackson, who has 31 years with CSR.
MENTIONED IN THIS ARTICLE
Australia
Sir James Vernon
Lad
CSR
Sir James
RK. G. Jackson
Minsec Prospect Hinted for 4c Payout and Robe River Sale
Preference shareholders of Mineral Securities Australia Ltd note a possible 4c per share repayment if the liquidator Mr Jamison realises his plan to sell Minsec’s Robe River Holdings at $1.15 a share or better. May 31 asset total stands at about $24.3 million with liabilities at $21.7 million, leaving a $2.6 million surplus for preference holders.
MENTIONED IN THIS ARTICLE
Mineral Securities Australia Ltd
Jamison
Minsec
Robe River Ltd
Robe River
Ofuesday
Minsee
Jamison Fors
Taxation advantages of life assurance as an investment
Assurance and tax taxation return argues life assurance offers strong investment advantages. It highlights guaranteed benefits, tax deductions for premiums and superannuation, and the pooling of funds by life offices to spread risk. It notes participating policies share surplus and that life offices invest nationwide, with major holdings in government loans and resources to fund industry and housing.
MENTIONED IN THIS ARTICLE
Life Offices
Senate
Wriug
Taxation Department
Australia
Life Office
Commonwealth
Ans
Reaction to Sterling Float Sets Stability Tone
Australian Deputy Prime Minister Anthony said there should be no general world monetary discord from Britain's move to float the pound. He noted Australia favors stability, expects no dollar devaluation, and warned implications for export trade while Britain acts to avert harsher consequences later.
MENTIONED IN THIS ARTICLE
London
Anthony
Britain
Heath
Pound Dips as Parity Holds and Markets Move
The pound slipped toward its old parity against the dollar on the London exchange today, opening around 2 4 700 per dollar and easing to about 2 4 630 before recovering to 2 4 670. Gold rose to 65.10 an ounce, while France urged new world monetary rules, and West Germany eyed limited exchange controls amid international consultations. Italy faced currency pressure despite Bank of Daly intervention, with talks of floating the lira and broader Common Market concerns ahead of a July 17 18 meeting in London chaired by Britain’s Chancellor.
MENTIONED IN THIS ARTICLE
London
London Exchange
New York
Bank of Daly
Italy
Britain
Merk
Norway
Ireland
Barber
Dried-fruit industry seeks government underwrite of losses
The Australian Dried-fruits Association advocated government underwriting of losses from sterling devaluation. Chairman F. H. Gill said devaluation would harm the industry, especially if Australia does not follow Britain, and urged action to protect primary producers facing lower realizations on Britain sales. He warned of added financial burdens if Australia floats the pound or follows the decline. Gill sent a note to Primary Industry Minister Sinclair outlining these concerns.
MENTIONED IN THIS ARTICLE
Australian Dried-fruits Association
Commonwealth
ADFA
F. H. Gill
Mildura
McMahon
Britain
Gill
Sinclair
Australia
Big US dollar sales push yen to new low in Tokyo market
The dollar weakened to 301.10 yen on Tokyo's foreign exchange market amid heavy selling by banks. The fall surpassed March's low and approached a long-standing 301.07 yen ceiling. About 150 million USD changed hands in morning trade, largely bought by the central bank, with later selling easing as traders noted the bank's firm support.
MENTIONED IN THIS ARTICLE
Tokyo
Also Mentioned on This Page
James Vernon
Jamison Yeasterday
Oftion
Nets
Waite
Endeavour
Alaeac
Gen
Commonwealth Taxation Office
DIAL
Ager
Part
Giscard d'Estaing
France
Bonn
Norn
Boulder
Hamericy
Mampisa
M.lc
AARC
M.L.C
the M.lc
Canberra City
Canberra
Petory
Tom Firth
Alway Anime
Ian
St Pawses
Austraton
Holein 218
Melanie
Sania
Wivhell, Brien Elton
Oarag Ta
Robyn
Edith Mary Griffitha
St Christopher's
Manuka
Semmons
Caia
Suly
M. HH. O'Rourke
Canberra - Queanbeyan
Slade
Poder Slade
Norwood Park
Barton Highway
M . O'Rourke
Brian Fisher Withell
J! Edkins
Downer
A.pd.a
Canberra Avenue
Kingston
Hincksman
Tom
Harry
Erle
Elizabet
Owe
Pe Pueda
Liversidge St
Acton
Watson
Cyprus
NCR
Michael
Nicholas
Stefano
Bennett
Helen
Dencon
Jason Paul David
Kerry
Darlene
Canb Hesp
Collard
Pam
Cheryle Lee
Peter
Debroah
Sharon
David
Kerry Ann
Martin
Buster
Margolemn
Victor
John
Bourne
Mauyeen
Battison
Jom
Gourgaud
Lee
Christine
Gourgaud Chivint
Watson Woop
SW. Woodbridge
O'Connor
Graham
J. J. Watson
Federal Capital Press
Price Street
Fysbwick
Ihbo
Keeley — Norris
Vicki Norris
Douglas Keely
Meates Ellicott
Francis David
Heather Clewley
Macarthy
Msicolas
Boorows
Wayne
Sydney
Ethem Suburbs Crematorum
Hurley St. Son
Forrest
Barton Anca
Velen
Conrad Linden
Care Post Office
Bundoora
Victoria
Bedall
Fom
SIS Pw
Caravan
el City
Deakin
Higgins 'Erson
Lai
Sis
la Perouse
Red Hill
Fen
Poon
Pry Lidic
Alingu Street
Reid
Addi Atrery
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