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This newspaper page contains 11 articles. Subscribers can read the full text of each article.
Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Mar 01, 1966
Page
4
An analysis notes a 9s fall to 30 30 on the LK market, seen as a serious setback costing about £3.5m in overseas funds. The move draws attention to commodity fragility and raises concerns for other nations facing similar pressures.
Kelvinator Australia Ltd directors weigh the impact of rising dairy costs and fluctuating butter production on full year profits. The article notes global milk output shifts, weather effects, and European imports influencing prices and stock levels, with executive briefings and a post meeting reception involving executives, bankers, and directors.
Bebarfalds Ltd posts a loss of 360 008 dollars for the year to December 3. Directors say the figure has been minimised and note the company, oldest furniture business in the southern hemisphere, moved its head office from Sydney to Parramatta.
Cement Co reports higher profits for the year and announces an interim dividend of 5 percent payable in March. Directors note future profitability hinges on Geelong works expansion, new salary kiln and plant developments, with $18,000 depreciation accounted for. No dividend recommended for this period.
Directors reported higher half year profit and a dividend rise from 11 to 12 per cent with an interim 1 per cent payment. The announcement noted improved earnings for the six months to December and outlined new ordinary holdings and trading estimates.
Shareholders on the April 29 register note increased interim dividend as the National Bag Co of Australia reports half year results. Profit rose from 267,008 to 2,? million with a 6 percent dividend, aided by construction work and lean period continuity. Directors foresee steady activity despite market softness.
Dow Chemicals raises its takeover bid for Amalgamated Chemicals Ltd to 14 0 per share with 65 percent acceptance. Continental Oil of Australia signals further consideration and a decision next week. Dow’s new price sits at 81 90 1147 4, with details on revised acceptance and market reaction.
The Canberra region saw population and financial growth with the AMP Society reporting new business volume in 195% reaching substantial levels. Mr Cotte is slated to speak on the Canberra manager’s outlook while the Debol trophy honors regional performance for the best results.
WA Industrial Development Minister urged caution on selling out the iron ore project. He argued a rushed agreement would undermine national progress and warned against losing government funds, stressing development must proceed with measured reasoning.
Amalgamated Chemicals rose on the Sydney Stock Exchange after Dow Chemical International AG announced a new takeover offer of 1.40 a share with 65 percent acceptance. The All Ordinaries index fell 2.42 points to 3244 and mining shares showed mixed movement as turnover remained volatile.
A jumble of names, places, and numbers appears, listing addresses, firms, and items such as autos, machinery, and services. Notable mentions include MacRoch, Marrickville, Sydney trade terms, and various partial vendor entries, reflecting a chaotic storefront page.
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