Australia and New Zealand Reach Interim Tariff Terms
Australia and New Zealand announced interim tariff arrangements under the Free Trade Agreement. Minister Dr Cairns said the accord formalised by letters with New Zealand’s Mr Freer preserves margins of preference where possible. Protective tariffs retain a minimum margin for New Zealand bonds and New Zealand goods, with concessions for non protective items. Motor vehicles and transport components are excluded from the deal.
MENTIONED IN THIS ARTICLE
Australia
New Zealand
Overseas Trade and Secondary Industry
Cairns
Freer
Carthy
Britain
Interm
Poly
Esso payout to parent up 8.0 million dollars in 1973
Esso Exploration and Production Australia Inc increased its dividend payout to its US parent by 58,568,209 to 22,669,000. The Australian operation remains the profit center, with remittances between US and Australia and a 1972 net income rise to 29,876,000 from 21,?1. Depreciation and amortisation rose to 13,156,000. taxation provision 26,964,000. 1972 capital investments 40,447,000. Joint Esso/BHP crude production supplied 52% of Australia’s needs with daily production averaging 242,000 barrels, up from 1971. New exploration directors indicate potential commercial field at Mackerel and a mid-1973 completion for the Marlin platform development.
MENTIONED IN THIS ARTICLE
Esso Exploration and Production Australia Inc
Esso
Profi
Delaware
Australia
Esso Exploration
BHP
Amax Exploration retrenches half its geoscience staff
Amax Exploration Australia Pty Ltd, a major Australian mineral explorer and local subsidiary of Climax Inc, has retrenched about 15 geologists and geophysicists. Vice-president Bill Shaw in Sydney called the dismissals tied to a political situation.
MENTIONED IN THIS ARTICLE
Amax Exploration (Australia) Pty Ltd
Australia
Giint American Fetal Climax Inc
Amax Exploration
Bill Shaw
Sydney
Burroughs appoints McGlone marketing head in Australia
Mir Eric McGlone, formerly Harrowers Ltd district manager in Britain, is named Marketing manager for an Australian firm with responsibility for all sales and field engineering operations across Australia. Honeywell Information Systems Australia adds two experts Rob Goerner and Mrs Loren Groermer to bolster large proposal and installation work.
MENTIONED IN THIS ARTICLE
Mir Eric
McGlone
Harrowers Ltd
Great Britain
Teo Rob Goerner
Loren Groermer
Honeywell
ICL unveils low cost KCL 2903a computer system
International Computers Ltd introduces the KCL 2903a a low cost system designed for first time buyers and small installations. It remains compatible with the 19000 series offering access to the full software range and new applications such as online order entry stock control and bill of materials processing. The unit serves as an intelligent terminal for larger 1900 processors enabling decentralised data processing and smaller users to gain on line processing at low cost.
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International Computers Ltd
ICL
Canberra
Cliff Oldham
International Computer
Pacific
Seminar on Codusy database system for Univac users
Mr J Foster of Univac will lead a seminar at the Florey Theatre ASL on Thursday at 2.00 pm. The talk covers the Codusy database management system for Univac Vi series users.
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Univac
J. Foster
Florey Theatre
Asl
Computing books exhibition opens at Canberra College
An exhibition of books on computing starts today at the School of Computing Studies, Canberra College of Advanced Education. The event, arranged by Sydney based DP Education Pty Ltd, runs 10.30am to 3.00pm today, 9.00am to 5.00pm tomorrow, and 9.00am to 3.30pm on Thursday, with a series of computing seminars planned for Canberra next month.
MENTIONED IN THIS ARTICLE
School of Computing Studies
Canberra
DP Education Pty Ltd
Series on computing bases to continue next week
The article notes that the ongoing series on computing bases will resume in the following week. It specifies continuation of discussions and deeper coverage in upcoming installments. The piece references ongoing exploration of foundational concepts and practical applications.
Inflows and Outflows Balance in Australia’s Reserve
Australia’s Reserve Bank reports balanced inflows and outflows with gold holdings rising to about Sotillion and a sectional gain of $4.5 million from April 25. The SRR on April 30 lifted to 7.6 percent, and SRD accounts of trading banks with the Reserve increased by $50.9 million to $778.1 million following an earlier 0.5 percent call that froze $50.9 million on April 17.
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Australia
Ting
SRD
Wee
Pleads Guilty in Melbourne Court in Takeover Bid Case
Sportscraft Holdings Pty Ltd pleaded guilty in Melbourne City Court yesterday to alleged breaches of the Companies Act related to a takeover bid for Leviathan Ltd last year.
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Sportscraft Holdings Pty Ltd
Melbourne
Companies
Act
Leviathan Ltd
Bank says economy is sound amid revaluation effects
ANZ Bank reports Australia’s economy remains sound with a likely trade surplus due to strong commodities prices. It notes high international reserves offset capital outflow, and a government revaluation plan could lower tariffs to help consumers despite domestic manufacturer concerns. Reserve liquidity stays high as construction, retail, and vehicle sales rise into early 1973.
MENTIONED IN THIS ARTICLE
Australia
ANZ Bank
Takeover offers approved by Federal Government in April
The Federal Government approved 11 takeover proposals in April. Three were prohibited and two issued interim orders for review. Treasurer Crean stated 38 cases came to government notice in April and 16 underwent parliamentary examination during the period.
MENTIONED IN THIS ARTICLE
Mr Crean
Crean
Canberra
Government backs 11 proposals with no objection
Mr Crean stated the Government had no objection to 71 proposals moving ahead as presented. He noted some were found on examination not to raise any important national interest considerations, and confirmed support for 11 of the proposals.
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Crean
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