From Nine Point One Cent Used Per For
The fragment reads as a partial note about a rate or charge expressed as nine point one cents per unit or per item. Details are missing to determine full context or implementation.
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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
May 04, 1968
Page
10
The fragment reads as a partial note about a rate or charge expressed as nine point one cents per unit or per item. Details are missing to determine full context or implementation.
Exports of Scotch whisky reached eight million gallons in the first quarter, a 40 percent rise from last year and bringing in over 475 million dollars. Australia and West Germany boosted shipments by 40 and 6 percent respectively, while the US and Belgium showed no change. The industry foresees tough domestic demand due to price increases in the budget, though international demand remains strong.
The MLC Ltd reports net profit of 1 152 585 for year to April 30 up slightly from 1 149 860 with a final dividend steady at 15/6 percent. Directors propose a 2 to 1 share split and set an extraordinary meeting after the June 13 annual meeting. Age limits for chairman and directors are also proposed along with other articles of association changes to align with corporate and stock exchange rules.
The Real Estate Institute of NSW updates its commission scale for Canberra members active today. For sales the rate becomes 5 per cent on the first 8 000, 3 per cent on the next 42 000, and 2 per cent thereafter, with examples cited. Management commissions rise to 7 per cent for the first 10 000 and 6 per cent from 10 000 to 20 000, then a graduated rate. Local agents urge residents to inquire directly for details.
New capital expenditure is forecast to fall to 930.9 million in the January to June period from July to December, reflecting declines in building and structures and engineering. Manufacturing shows a rise to 432.1 million, while chemicals gain 24.9 million. wholesale and retail trade fall, and mining rises.
Australia records a deficit of 181.3 million in the ten months to April with larger deficits noted for the extreme ten months at 1637.0 million. April alone shows a deficit of 10.7 million while April last year posted a 4.8 million surplus in exports, based on yesterday’s Statistics Bureau figures.
Parbury Henty Holdings offers one-for-five rights issue at 1 par per share to raise 296,016 for trading purposes and manufacturing expansion. Directors expect the 11 percent dividend to be maintained. Books close on the 4th. New shares do not participate in this year's final dividend but rank with existing ordinary shares. issue underwritten by J. B. Were and Son.
Victoria's Brick and Pipe Industries Ltd, the largest brick maker, lifts ordinary dividend from 12 4 per cent to 14 per cent for the year ending March 31. Directors expect net profit after tax to rise above 859 810 for 1966 67. Final dividend increases from 7 4 per cent to 9 per cent (44c a share) payable June 7, books close May 19.
Kingsway Group Ltd, a real estate developer, posted a 114 223 loss in 1967 versus 63 313 in 1961, despite higher sales of 94 750 tons valued at 501 917. Directors do not expect trading profits before 30 June 1969. A 285 000 sale of a 50 acre parity developed Victorian property helped liquidity but yielded no profit.
Bowater-Scott Aust Ltd reports profit rise from $617,168 to $1,126,197 in 1967. A 74 per cent dividend, absorbing $225,000, will be paid to Bowater group Britain and Scott Paper Co. of the US. The company makes Sorbent Scotties and Scottowel. After depreciation of $383,274 and tax of $837,785 the result stood clear.
The Thynne agency introduces new principals Mr T Snow and his brother Mr G R Snow pictured as partners. The property management land real estate office is sold by Mrs Mary Thynne with husband Lionel B J Thynne and Mr H R Phillips involved in the deal.
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