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This newspaper page contains 6 articles. Subscribers can read the full text of each article.
Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
May 01, 1965
Page
6
The balance of payments report released last night argues our external position isn't deteriorating as badly as earlier feared. It notes that over 60 percent of the reserves decline over the 15 months stems from marketing authorities credits to China, Russia, and India for wine purchases, with various figures and projections for 1968.
Housing commencements showed a strong resurgence in the March quarter with 29,204 new houses started, nearly ten percent above the prior year. Approvals remained firm though some signs of hesitancy persisted, while monthly data suggested a broadly steady pace ahead.
In Sydney, the Share Price Index posted its largest gain in nearly two months as most market sectors advanced. The index closed up 4.4 points at 31240 amid broad strength, with gains noted across several key listings and financials.
Borg Sydnex notes future hinges on continued primary of water production and field ventures. Sales of motor vehicles in 1964 show rising trends and forecasts suggest continuation, while demand for industrial products climbs. Despite higher year end sales, net profit failed to rise proportionally amid shifting market conditions.
Australian authorities and industry leaders push expansion for Borg-Warner as part of a broader shift to import replacement and local manufacturing. The plan, tied to ministerial praise for research and managerial skills, signals new industries and job growth in Sydney and beyond.
Readable lines describe a meeting with chair and attendees at an annual gathering. Mentions Newtamg, Drebyah Maine, and a Dickson P. Shifting details include storm warnings, residential concerns, and a company. The fragmentary OCR yields few clear facts or outcomes.
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