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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 10, 1966
Page
15
The pound fell to its lowest this year against the dollar, hitting 2.7947, as selling intensified. The Bank of England reportedly conducted potent interventions, coordinated with European and U.S. authorities, to steady the currency after sustained weakness.
Ansett Transport Industries Ltd reports a consolidated revenue rise of 8.8 percent for the six months to January 1, increasing from 45 288 006 to 53 796 265. An interim dividend of 5 percent will be paid on April 30 amid signals of slowing growth and plans to trim capacity and cut costs.
The Mi No 1 power station penstocks in the Snowy Mountains Scheme descend more than 1000 feet from the dam pressure tunnel a mile long to drive 10 turbo generators. They are welded from normalised high tensile plate stock and required a steel not available in Australia. Port Kembla Steelworks developed and produced the necessary weldable high‑strength structural steel, tested by Snowy Mountains Authority and compared favourably with overseas steels.
A disjointed report notes a joint action preventing a major tragedy. It mentions declines in traffic figures over recent weeks, contrasting with earlier strong growth, and references a company, a sling, and an attic in unclear context. The text suggests economic concerns and potential risk factors without clear details.
Amalgamated Chemicals reports group net profit fell from 8,745,852 to 7, ... full year to December. Directors propose a final 3 percent dividend, down from the prior year. The weaker profit reflects lower demand and rising costs tied to airline and freight sectors, with liquidity and trade tensions cited as contributing factors.
Brit Tobacco reports another year with results near 1965 levels as chairman T N Foley addresses shareholders. Group sales of William Adama and Gold reach 277 million pounds with profit after tax matching prior year, despite market volatility and currency effects.
Paris reports that France did not gain a majority for its plan to end the dollar and pound as leading free world currencies. The bid to shift monetary leadership yesterday did not attract sufficient backing.
A fragmentary report from Auckland mentions a notable copper discovery linked to a group in the home region. The text is garbled but suggests the find has potential value and implications for miners and authorities. Names and precise details are unclear due to damaged OCR.
The Sydney Stock Exchange retreated with the All Ordinaries down 2.82 to 308 points after a weaker session. Retail names like Coles and Myer fell, while David Jones was flat. Minster and Henry Jones slid on profit concerns, BHP dropped, and mining stocks traded heavily as investors reassessed recent gains.
Camelec reports interim results for the first half of 1968 66 showing a consolidated net profit of 57,92 compared with 81,030 a year earlier amid fluctuating copper prices and reduced tax and depreciation provisions. Books close April 7 to determine entitlement to the interim distribution on May 10.
The report outlines stock option activity and interim dividends amid mixed earnings. It notes profits near 440,000 and shareholders facing May actions, with Myer Bradford Kendall and other groups reporting turnover shifts, revised payout guidance, and early year sales performance amid unfavourable market conditions.
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