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This newspaper page contains 9 articles. Subscribers can read the full text of each article.
Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Mar 08, 1966
Page
4
A rash of labour disputes hits copper regions worldwide as Chile’s four biggest producers go on strike and Zambia sees work-to-rule. Nevada plant walkout cuts output, while demand remains strong. IS defense needs rise with a potential market growth driven by government action and industry optimism.
Inter Continental Hotels, a Pan American Airways subsidiary, plans a multi billion dollar luxury hotel in Sydney as negotiations for a site near Savnre near completion. The project, announced in Travel Trade June issue, signals a major expansion for the group in Australia with construction expected soon.
A bank calls on the government to provide stronger stimulus to prevent further deceleration. It notes defence spending failing to lift overall demand, signals real housing demand, and cites weak consumer spending and rising unemployment as factors. The bank also urges reliable credit and policy support to sustain private and public investment.
The article reports Kay Corp considering a completely new project while hedging on buying an existing hotel. It notes management questions the pace of expansion, shareholder reactions, and market signals in March. Industry indicators show varied profits, with mining and metals sectors facing slower demand and mixed export trends.
News brief reports mixed trading on the stock market with sellers dominating. Declines include Myer and Navid Toner UBL with losses and mining shares sliding, led by several firms and a few gains not offsetting the broad drop.
The report notes Blue Metal will pay an interim dividend of 12. per share despite lower net profit for the half year. Directors announce improved profitability in December half and a tentative outlook, with other listed entities like Pioneer Sugar and Moneat Consolidated seeing varied gains.
Sydney savings banks show a record high in housing lending for the December quarter last year. Total new lending reached a significant amount with the end of December balance illustrating a substantial rise over the prior period amid drought conditions and shifting community finance.
Melbourne reports Austeatiane lead toy purchases per person, surpassing most nations. British Toy Manufacturers Association chairman Mr Innvid Day stated the finding today.
Fragmented report notes Australia aims to grow domestic toy production while expanding exports. It cites dealers like Scheele and Schorle from Britain and links to import values, with emphasis on shipments to Germany and the broader market during 1968. Authorities pledge efforts to capture a larger Australian share, highlighting upcoming exhibitions in Sydney.
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