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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Mar 15, 1966
Page
10
The Department of Labour reports a seasonal rise in employment and a fall in unemployment across Victoria and Western Australia with non-seasonal boosts in manufacturing and metal trades. While some sectors show improvement, overall sentiment remains cautious and no major stimulus is observed.
London reports the delivery of two modified Hawker Siddeley aircraft to Qantas paves a new market for the jet. The Guardian’s David Fairhall notes the plane can serve as a full fast airliner with lower cost and reduced crew needs, while Hamfield unit tracks training applications amid pilot shortages in the United States and Europe. The firm already has orders for about 100 aircraft and plans pricing just under $489,200 per unit.
A garbled excerpt notes profits improving for a theatre business in the half year to December. It mentions tented revenue, earnings per tent, costs, and a change in leadership or structure. Specific names, dates, and places are unclear due to OCR errors.
Fragmented OCR text describes a large apartment community near Gothenburg Sweden with central heating and a 236-1 chimney. Mentions air pollution, corrosion, sea air, and a corrosive atmosphere around a group associated with The Ant Abt Ente Limited. Limited coherent facts available.
Senior officers of Trade and Primary Industry will undertake a six week study tour of marketing Australia’s primary produce. The Minister for Trade Mr McEwen said the visit will target Britain Japan and Canada with stops in London Stockholm and Hamburg in 1963 to examine marketing trends and techniques for Australia’s 269 million food exports.
The Amal board saw two members quit on Saturday and this morning, with Mr Blyth and Mr McKayge among the resignations. Contention surrounds the chairmanship and a Dow Chemical bid, while the board faced questions over who resigned and the factional tensions within the group.
Australia posted a seven month trade deficit of 588,120,000 dollars for this financial year, as reported by Commonwealth Statistician Mr Archer. The period also showed a 120.62 million dollar surplus in travel and other imports from nations including the United States and Britain, with imports and exports shaping a broader balance of trade across the Commonwealth Market nations and the European Free Trade Association.
Deposits at major Avading banks rose to a record high in February, totaling about 5.228 billion. Industry officials cited persistent growth, with analysts noting the surge amid shifting currency values and ongoing monetary policy impacts.
The Minister for Labour and National Service described the rapid absorption of school leavers as a pleasant feature of employment trends. In February the number seeking work rose to 65,065 males and 24,842 females, with a drop in job vacancies from 5,860 to 49,219 across Commonwealth employment offices.
Records show February unemployment numbers with errors and missing data. The Department of Labor figures appear fragmented comparing February values with January and last year, noting shifts in jobless totals and related totals.
Consolidated Quarries Ltd reports sales jumped by more than 16 percent in the half year ending December, as directors said yesterday. The gain reflects stronger demand and improved prices across key markets, with management maintaining cautious outlook for the coming months.
Several Australian companies released half-year results with higher interim dividends, though some showed lower profits than the prior year. Chemical Holdings Ltd posted a six-month group profit of 23.50 with after tax 1.025. Universal Batteries and related firms noted steady or growing revenues while cautious on final dividends. Directors cited stronger sales, but higher expenses and depreciation affected earnings. The newly acquired Silwatra Plating Works contributed to overall profit, though no dividend was declared yet for some firms.
Sydney stock exchange activity shows small advances in leaders with a general rise in industrial stocks, metals up, retailers mixed, and turnover around 601,947. Mining shares like Mount Morgan rise while rivals fall. A weak day for Woolworths and CSR contrasts with gains for CBA and ANZ, amid Moomba holiday closure effects.
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