Joe
A brief note mentions Joe in a fragmented OCR line with unclear surrounding context and no readable events, dates, or actions to describe.
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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
May 04, 1968
Page
9
A brief note mentions Joe in a fragmented OCR line with unclear surrounding context and no readable events, dates, or actions to describe.
Bank of New South Wales reports a favourable trend in profits for the half year to April 3 and expects an improved full year ending September 30. Sir John Cadwallader cites higher deposits and freer use of resources as key factors. Interim dividend for 1967-68 remains 5 percent, with book close May 17.
Sydney freelance journalist Mr Frank Browne increases his bid for 51 percent of Shipping Newspapers Ltd from 75c to 95c a share. He mails a circular calling it a formal offer and notes his status as an individual exempts him from Companies Act provisions. A full successful acceptance would cost about $820,000.
Chrysler Credit Australia Ltd seeks up to 2.4 million in first charge debentures at interest up to TE per cent. A nominal 1.5 million is underwritten by Australian United Corporation Ltd. the remainder covers oversubscriptions. Chrysler Credit is a subsidiary of Chrysler Financial Corporation in the United States, which guarantees the debentures unconditionally.
Melbourne broker Mr Fred Morgan revisits Western Mining's prospects, valuing shares at 6 to 8 dollars under neutral conditions and up to 10 to 11 dollars in favorable cases. He notes new Kamblada West reserves, projects 12 year development, 15,000 tons nickel metal capacity, a 155 million dollar capex, rising production to 2.75 million tons yearly, and cash flow reaching 44.4 million in ten years, while urging investors to distinguish growth from speculation and to value BHP up to 25 to 33.50 dollars per share.
Stanbroke Pastoral Company buys a controlling interest in Rocklands Station Pty Ltd, extending into the Northern Territory. The deal includes Donors Hill Station and Abingdon Downs Grazing Co Pty Ltd, expanding 50,000 cattle across 3,000 square miles at Rocklands, with Donors Hill of 12,000 cattle across 800 square miles and Abingdon Downs near Cacrgetown running about 10,000 cattle. Fairfax notes further development potential and growth in carrying capacity.
A dense OCR of Melbourne market entries lists numerous companies, brokers, and financial figures across sectors. It includes names like Korte BH, West det em Fon Fi, Goliath, Healing Ampot, Ansett, and Bank of NSW, with scattered numbers suggesting prices, shares, or counts, though most items are fragmentary and inconsistent.
Trade circles valuate the March cash and stock deal at roughly $1.25 million with further gains since March. British Tobacco shares issued in the acquisition have risen, moving to more than 52.80 after the deal announcement.
Canberra Television Ltd announces the appointment of solicitor Geoffrey Newton Small as a new director. The change broadens the board and positions Mr Small to contribute to governance and strategy.
Western Mining Corporation Ltd reports the Kamalba mine head grade at 3.71 per cent nickel in the four weeks to April 30, down from earlier peaks. During the period, 11,288 tons of ore were treated with 284 tons of concentrates produced at 13.24 per cent nickel and 1.60 per cent copper, while magmatic ore output reached 3,265 tons with 28.0 per cent nickel and 14.0 per cent copper.
Bounty shares listed in the United Kingdom change hands at 1 shilling 0 pence per share. Traders note the price movement and market activity around the issue.
BOAC chairman Sir Giles Guthrie notes costs rising as the airline reports weaker earnings for the year. He cites devaluation pressures and a stubborn upward trend in expenses, while the carrier posts a profit near record lows and outlines ongoing cost containment measures.
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