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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Mar 12, 1968
Page
9
London traders saw a sharp taper in the rush for gold on the bullion market after a seven nation declaration from Switzerland, as the price was expected to stay firm.
An OCR fragmented report touches on Petrochemical Group profits and refinery throughput. It notes a 25 percent drop in net profit to 1 732 427 from 2 311 441 for the six months to December 31, alongside a 12 percent rise in sales revenue and dividend considerations. The text references global exchange impacts, tax effects, and interim dividend plans as management weighs outcomes for the period.
Industrial notes indicate NEN and Brigland Ltd face reduced outputs as prepay and metallurgical activities falter. Directors report modest profit gains despite lower production, with higher freight rates and fuel supply pressures impacting margins. Overall, the interim period shows cautious improvement amid market headwinds.
Dr B D L Killen warned Canberra's private sector faces undermined confidence due to land and property policy. He urged a long term capital investment drive, criticising short lived price undercutting and planning anomalies, urging parliamentary review of lease laws and land value factors affecting the ACT accommodation and development sectors.
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