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This newspaper page contains 16 articles. Subscribers can read the full text of each article.

Newspaper

Canberra Times

Location

Canberra, Australian Capital Territory, Australia

Date

Mar 22, 1968

Page

5

Abrolhos public issue by Hawkstone unit Abrolhos

Abrolhos public issue by Abroshow Oil NL a Hawkstone Oil subsidiary plans to issue 10 078 0010 shares at 50c each underwritten by Patrick Bodia. Hawkstone directors say shareholders can apply in proportion linking Abrolhos to Hawkstone and Longreach Oil holders receive limited entitlements. Entitlements are non transferable.

Abroshow Oil NL Hawkstone Oil Co Ltd Soc Hawkstone Patrick Bodia Wdney Stock Exchange Hawkstone Oil Longreach Oil Ltd

Pulse of Industry: Wet Basics and Power in Building Supplies

The Pulse of Industry highlights trends in building supplies, consumer durables, and tex products. It notes evolving demand for basic plumbing and electrical components and the impact on suppliers, retailers, and home projects. The feature underscores market shifts shaping availability and pricing amid shifting consumer demand.

Electronic bid for A and I Discounters by Electronic Industries

Electronic Industries Ltd makes a cash takeover offer of 110 dollars for all remaining shares of A and I Discounters Ltd. The group reports prior ownership of 882,200 shares and notes totaling 574,500 in August. Market conditions and drought weigh on forecast, with management noting potential restructuring and reduced shareholder returns amid the bid.

Electronic Industries Ltd A and 1 Discounters Ltd Electronic Atk Tech Carrying Systems Group Enotors Sky F. Walsh Electanic Newm Big Dutch Electrical croUp M. Philips Walsh New Zealand

Higher saves for Lamson

Lamson Industries Australia Ltd reports a strong start to the year with sales figures showing a marked improvement over the same period last year. The update highlights ongoing efficiency gains and market gains for the company.

Lamson Industries Australia Ltd

U.K. Insurance Firms In Big Merger

London reports Britain approves a 16 million pound merger between Royal Exchange Assurance and Guardian Assurance, with talks ongoing on terms. Commercial Union and Northern and Employers plan an 800 million pound pool. Government yet to rule on monopoly issues amid a broader trend toward consolidation.

London Aap-Reuter Britain Royal Exchange Assurance Company Guardian Assurance Company Commercial Union Insurance Company Northern and Employers Group

Email lifts dividend to 11 per cent

Email Ltd, makers of industrial and electrical products and home appliances, lifted the ordinary dividend from 9 to 11 per cent after a record profit in 1967. Profit amounted to a $261,529 surplus from fixed asset sales and investments, up from $91,090. net after tax rose from $961,000 to $1,388,000. Final ordinary dividend increased from 4.5 to 6 per cent, payable May 1 to shareholders on the books April 10. Interim dividends were raised from 3.4 to 5.5 per cent.

Email Ltd

MKU chairman blasts policy and record group profit surge

The MKU and Mary Kathleen Uranium Ltd saw profits soar with group net profit rising from 141,299 to 7,920,153 and earnings rate up from 12.8 to 17.4 percent after deducting preference dividends. Directors noted all divisions performed strongly and momentum continued into early months, while the uranium export limits were criticized by chairman Blake Pelly as hindering mineral discoveries.

Nccessiy Rare Earths MEU Bhp-Esso Easy Strait Afl Australia Mary Kathleen Uranium Ltd Blake Pelly

Court halts transfer of shares at O Connell Corp Ltd

Justice Street granted an injunction in Sydney stopping any allotment or transfer of shares in O Connell Corp Ltd. Commercial Guaranty Ltd and Sylvester William McClymont petitioned the order. The matter will be heard at 2pm today. NSJ Bacon, general manager, said 200000 shares were issued to Mainline Holdings Pty Ltd at 125 per share. Mrs O Neill and R C Baker were reappointed to the board amid news Commercial Guaranty advised Sydney Stock Exchange that it had acquired a controlling interest in O Connell Corp.

Justice Street Sydney O'Connell Corp Ltd Commercial Guaranty Ltd Sylvester William McClymont O'Connell Corp NS. J Bacon Svdney Stock Exchange Oto Mainline Holdings Pty Ltd O'Neill R. Cc. T. Baker Commercial Guammy Sydney Stock Exchange

Stramit Boards lifts profit in December half-year

Stramit Boards Ltd building-systems maker reported a profit rise in the December half-year with audited earnings improving from 151 653 to 168 400 dollars. The gain reflects continued advancement in earnings and financial performance for the period.

Stramit Boards Ltd

Fitzgerald wins 1967 John Storey Medal for management

Sir Alexander Fitzgerald has been named the John Storey Medal recipient for 1967 by the Australian Institute of Management. The award, funded by the John Storey Fund, honors distinguished contributions to scientific management in Australia and was announced by I P Weber in Canberra. Fitzgerald, a fellow and former Melbourne division councillor and vice president of the AIM, is noted for leadership in accounting and management development.

Australian Institute of Management John Storey Fund Australia I. P. Weber Federal Council Canberra Alexander Fitzgerald Melbourne Alexander

Trading update shows Steggles, Allied Mills and others steady

A Melbourne market roundup reports Steggles Holdings and Allied Mills maintaining steady profits amid lower selling prices and higher costs. It notes reduced production costs at several firms, ongoing weak demand, and a cautious outlook for the half year with earnings per share anticipated around 11 to 13 percent.

Petro Western Titan Piper Bea Westralhan Bey Raymond Meyent Rhodes Rowe HG Selvy HA Sherbourne Ihn Alliance Taw Scitmamd Allied Mills Amoe Secuf Stevhas Ute Steggles Holdings Austral Bakeries Aunt Inds Swan Qsie Paige Aurtive Ria Tau Akae Hoa Pester Mere Monde Beecham Tomlinson Eales Carper Henry Messer V'pac Exec Bintany Bury Capel Court Cimuine BEM Cheney Clark Slater Clarks Wrecksir Wren J Whnderlich

Hydro Medlow Bath Ltd Half Year Net Profit Rise

Hydro Medlow Bath Ltd reports higher net profit for the half year compared with the prior corresponding period. The result reflects improved performance at its Medlow operation and related divisions during the period under review.

Hydro Medlow Bath) Ltd

Mount Lyell Reports Profit Fall Amid Cost Pressures

Mount Lyell Mining and Co Ltd reports lower first half profit due to rising costs and erratic ore recoveries. Interim dividend at 10 percent payable May 6, with executives noting improvements to the milling plant and ongoing efforts to raise throughput from 2.2 to 2.5 million tons. Renison Ltd also reports a loss year to date, with little sign of substantial improvement by June.

Mount Lyell Mining and Co Ltd Africa J. B. Massy-Green C Andi Gold Fields Renison Ltd Gold Fields Group Jaane Renison

Pioneer Concretes Satisfactory Half Year Profit Rise

Pioneer Concrete Services Ltd reports a satisfactory increase in the December half year profit over the prior period. Interim dividends are sustained with dividends payable in May. The group notes lower depreciation and improved margins, with six months results including higher tax and cautious forward sales expectations, while directors declare no demand for the year.

Pioneer Concrete Services Ltd Mendy Tralian Group H. O. Wells Thvatralie PTT Inet

Ajax Insurance bids for Bebarfalds

Ajax Insurance bids for Bebarfalds with offers of 20 cents per ordinary share and 90 percent for preference shares. The proposal may alter control as directors consider acceptances and remaining holders face tax considerations. The receiver and Maples Pty Ltd oversee liabilities including back taxes and mortgage debts amid ongoing investigations.

Pn Prelasecarecellet Bebar Ajax Num- Sane Se Ee Reson Bebarfalds Wnshare Ate Fichurfalds Rebartalds Ltd Jackson Ments Maples Ine Ak Tulily Nsw Hi Teale Postar Ohn P. A. Malouf Ajax Wis Fees Reservat Resia Les

End of Latec Receivership Set for March 28

The receivership of Latec Investments Ltd will end on March 28, marking the closure of the financial restructuring process. Official reports confirm the completion of asset disposition and settlement of creditor claims.

Latec Investments Ltd

Also Mentioned on This Page

Portland Halo Hardboard Mill Ag Tewalling Mosey Adj Radiant Inel Ction Statistics Bureau A. & I. Disc U.K Li Ld Ae Ai Barlen Lake Credits Co Pty Northbourne Avenu Aia Deposit & Investment Aviation Enterpseee Registered Garema Arcade Garama Place Piper Aircraft BR. Keanalley the Shadows Canberra Theatre Centre E. F. G. Horne Frail Lee MKU O’connell Stramit Boards John Storey Adama Herbert Ae Adel Fca Amolis Mayne Nick Miller & W Fonsc National National Foner Hank National Crisal Bank of Nsw Marrett SKS Molded Bell Bros WMT Tee Ni Forest Headmit Pine Feco Olymmic US Oversea Brit Tobacco BHP Ing Bruck Mills Muckley Imran Pain Preston Motors Carpenter WR Pyrat Carer Air Cascade Firew Presa Chamberlain Cleckheaten Repery Paul and Alfied Cockburn Mock Metra Wol Rchrweppes Silv Chia Ton. Com Union Hriseet Alversal N . i Rus Elders Vickers Nt Dhoni Whorn Steel Ee Asc Duewest Fairfax I Easywear Amula Pet Amoc Woolworths Evans Wellow Ex- Petters Beach Glen Iris Gollath Gordon Hackson South Cleveland Hilton CRA Hotland Hocker Humes Vic Corp Ts Nz Tcianz Bald Farmout Kinnear Gt Boulder Lanray Ins Law Gia Mount Lyell Pioneer W. D HL. O Ajax Insurance P.A THE Stock Exchange Lombard Lombard Australia Limited Brisbane Adelaide Perth Hobart Newcastle Wollongong Ward Australia Limited G.P Box Ma.w Lambard Howse Bligh Street Prospectur
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