Fragmented OCR Summary Placeholder
Readable fragments mention coal and a person or place but lack clear names or events to identify a specific news item. The text is too garbled to determine location, dates, or outcomes.
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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Mar 02, 1973
Page
3
Readable fragments mention coal and a person or place but lack clear names or events to identify a specific news item. The text is too garbled to determine location, dates, or outcomes.
The readable portions appear as a garbled mix of phrases and names, including scattered references to places, people, and times, but with most content illegible. No clear event, date, or coherent narrative is extractable from the fragment.
Bundaberg Sugar Ltd directors recommend a 5 cent per share special dividend on top of the 10.2 cent final, citing a highly successful year in 1972. The group reports pre tax profit of 5,467,396 pounds and net after tax profits of 2,964,061 pounds, aided by three mills and favorable sugar prices amid global market realignments. The payment date is June 15, 1973, with shares to receive the final distribution alongside listed stock units after a reorganisation tied to Gibson Hawes companies.
The Privy Council dismissed a petition by Anthony Ashe Joy Forster seeking special leave to appeal a NSW High Court ruling over a mining license renewal near Canberra. The High Court had upheld an earlier decision favoring Jadades in issuing the 12 month license, amid claims of mineral discovery including lead zinc and silver in the area.
Mr A EM Geddes of Mercantile Mutual announces a new business surge with record premium income and another strong year for the life fund. The company, formerly Australia Metropolitan Life, shows robust renewal and new business, with the ACT manager noting significant market share contribution to overall premium income in the year.
Directors of Frozen Food Industries of Australia rejected Provincial Traders Holdings bid of 3.13 per share as unrealistic. They argued the market price and earnings multiple justify a value around 6.20 dollars, saying the bid undervalues the company and ignores its growth. The board said the offer disregarded shareholders' long term interests and noted continued share price gains despite competing bids.
ANL to charter a 117,850 ton bulk ore carrier built in Ireland and to operate under conditions to protect the Australian shipbuilding industry. Minister for Transport James said approval limits imports and requires Australian crew and local tonnage requirements. vessel to be delivered by July and operated by an Australian company.
Australia reports January seasonally adjusted new motor vehicle registrations at 44,742, up 518 from December's 44,214. Cars and light goods wagons sum to 35,509 after adjustment, with other classes totaling 9,333, per Canberra Bureau of Census and Statistics.
Rural groups in Australia plan a merger of Westralian Farmers Co operative Ltd and five major stock co operatives to create Australian Farmers Ply Ltd in the ACT. The venture aims to centralize operations, share resources, and expand scale across NSW Queensland South Australia and Victoria with partner co operatives including Faynern and Grasiers NSW and Queensland Producers Cooperative among others.
Consolidated Food Lab reports a 14% lift in net profit for the six months to December 31 after depreciation charges. Directors note sustained Tasmanian sales and rising profits from expanding volume amid interim dividends and 5% payable in April.
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