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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Mar 29, 1968
Page
5
The stock market page lists options and call activity for Oil Search and related firms. Trades show Oil Search plus other listed names with varying strike prices and months, indicating investor interest in short term calls and speculative strategies.
The Carter Royal Commission on taxation proposed sweeping reforms to make taxation fairer by taxing all income and integrating corporate and personal tax with a full personal rate capital gains tax. It faced criticism that it would hinder growth, deter investment, and push headquarters abroad while eliciting expectations that Canada would adopt measures like a capital gains tax despite concerns over regional and foreign capital impacts.
Inter International Resistance Holdings reports a substantial half year profit fall to December with interim dividend cut from 6 to 5 percent. Group earnings drop from 458000 to 332000 and earning rate from 15.2 to 10.9 percent. Earlier year profit was 489000 at 16.2 percent. Two months show ahead sales but high costs and adjustments dampen results. Directors call the outlook not distinctly favourable.
A dense OCR fragment reports varied Melbourne sales across rooms and vendors with many catalog numbers, prices, and brands. Names like Brookings, Norseman, Clarks Shoes appear beside product lines, financial figures, and scattered percentages, indicating a broad retail or auction-style page with numerous items and prices.
Wagga company to float assets as U.A.L profit declines. directors expect lost ground to be recovered by the date of their next report. Sale of AEE Capacitors Pty Ltd and 40 percent stake in Conquerors Cables Pty Ltd finalised on February 14, but these actions have no effect from July 1, affecting capital profit, directors report.
The report notes a fall in turnover and profits for Personal United Australian Indus Ltd and Wagga based holdings in Riverina amid drought. Directors hope second half will improve, citing delays and market volatility. Interim dividend discussed as management eyes recovery.
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