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Canberra Times in Canberra, Australian Capital Territory

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This newspaper page contains 13 articles. Subscribers can read the full text of each article.

Newspaper

Canberra Times

Location

Canberra, Australian Capital Territory, Australia

Date

May 14, 1971

Page

3

Sugar talks unlikely to be affected by Cuba exports

A Trade and Industry source in Canberra said US actions against Australia over selling sugar harvesting equipment to Cuba are unlikely to affect negotiations on the US Sugar Act. The Australian government aims to expand non-strategic exports and improve sugar access through diplomatic channels while maintaining the alliance with the United States. The discussion notes possibilities of quota increases and broader access to offset any potential British competition.

United S§tates Australia Cuba Trade and ‘Industry House of Representatives Austra- Agricultural Committee Alian Anthony Anne Queensland Britain Canberca Will Sir Edward Govet Deli S Ameas ND Ows Moomba Massey-Ferguson Thelheip William Fulbright Delhi-Santos-Vameas Stnetor Fulbright United Nations Rhodesia Canada UDI Minerels Iun United States Association of Rhodesian Industries John Graylin

UEB lifts net profit to 3.25m in year to March 31

UEB Industries Ltd of New Zealand and NSW reported net profit rising to 3.25 million from 2.86 million for the year to March 31. Sales reached about 4.4 million, helped by export growth, with the board noting high activity in Pacific trade and ongoing dividend at 6 Canadian cents.

UEB UEB Industries Ltd New. Zealand Nsw

New Pacific Age Declared At Basin Council Meeting

Sir Edward Warren, Australian president of the Pacific Basin Economic Co operation Council, opened the council's annual meeting heralding a new Pacific age. The remarks came at the opening session held in Vancouver.

The Pacific Basin Economic Co-operation Council Australia Canada Japan New Zealand United States Vancouver Reuter Pacific Basin Economic Co - Operation Council Sir Edward Warren

Tasminex to raise funds via 1 for 2 share issue

Tasminex NL directors announced a 1 for 2 share issue to shareholders. The move aims to raise 378,050 and lift issued fully paid shares to 24.5 thousand pounds, with paid capital rising to 1,130,050 upon completion. Earlier, directors noted an overseas agreement in preparation over Kara iron scheelite deposits in Tasmania.

Melbourne Stock Exchange Tasminex NL eTsminex Tasminex Tasmania

First National City Bank to acquire 40 per cent stake in TAC linked IAC

The First National City Bank of New York plans a 40 per cent holding in Melbourne based JAC Holdings Ltd for about 34 million dollars. The move marks a major step for overseas banks in Australian finance and involves TAC, FCNB Waltons, and Esanda. Government approval and shareholder ratification are pending.

First National City Bank of New York JAC Holdings Ltd First National Fncb-Wallons Corporation Ltd Australia Bank of America Commercial and General Acceptance Ltd Bank of Tokyo Beneficial Finance Corporation Ltd TAC CAGA Beneficial ANZ Tanking Group H. E. McScambler ANZ Banking Group ANZ Snedden IAC Esanda Ltd Esanda Fcnb-Waltons Waltons First National City Bank LAC Holdings Ltd Treasury F. Crean

Ultra rapid capping machine debuts for beer bottles

Alcoa Deutsch introduces an ultra rapid capping unit capable of sealing 60 bottles per hour on Ni markets. The machine applies aluminium tops and side roll on closures to retain pressure with carbonated beverages and can be used alone or fully synchronized with the filling unit via intermediate transmission.

Alcoa Deutschand

Rhodesia’s Sanctions Bite Deeper Into Economy

Five years after UDI Rhodesia faces tightening foreign exchange shortages and mounting import costs as sanctions bite. Government finance for industry dwindles while consumer goods and luxury imports keep demand steady for Europeans. Tobacco and minerals falter, middlemen benefit, and Africans face rising living costs and job losses, prompting calls for a political settlement.

Rhodesia

Royal Bank of Scotland raises stake in Associated Securities

The Royal Bank of Scotland will lift its stake in Associated Securities Ltd to 28.6 percent after buying the entire holding from ADT Australia Pty Ltd for 4.1 million pounds in cash. The bank, already a major shareholder since 1960, plans a merger and forms a new holding with Cadbury Schweppes Australia, with Ringwood Victoria as the head office and a managing group for the drinks and confectionery group. Viscount Watkinson notes growth in Australian equity possible, while soft drink consumption and the chocolate market are highlighted as lucrative.

ADT (Australia) Pty Ltd Associated Securities The Royal Bank Renee British Wagon Company Ltd Asso Australia Cadbury Fry Pascall Australia Ltd British Schweppes (Australia) Ltds Iwagon United Dominions Trustpany Cadbury Schweppes Company. Ltd ADT Austra|Australia Ltd Hamish Blair J Finley Cunynghame R. A. Delohery Associated R. Urquhart V. G. iSecurities Burley B. E. S. Collins Viscount Watkinson G. A. H. Cadbury V. A. Benjafield Ringwood Victoria Confectionery and Drinks She Foods Aus/Supply Co Brisbane

Cadbury Merger Shows Early Profit Prospects

Viscount Watkinson sails from Australia amid hints of improved profitability for the Cadbury Schweppes merger. Sir Rupert comments anticipate higher profits but caution remains. The British parent oversees an international turnover and expects each unit to govern its own affairs.

Rupert Viscount Watkinson Cadbury Schweppes Ltd Ex- Drink

Tyingara waives minimum for Federal Hotels bid

Tyingara waives minimum condition on its bid for Federal Hotels Ltd and extends acceptance date from May 20 to June 17. Tjingara Pty Ltd, a Tjingara subsidiary of Tjuringa Securities Ltd, reports 40.6 percent of Federal’s ordinary stock and has received acceptances totaling 4,050,138 fully paid SOe shares and 4,779,221 ordinary shares. Federal shareholders controlling 26.2 percent oppose the offer.

Gordon Barton Tjingara Pty Ltd Federal Hotels Ltd Tjingara Tjuringa Securities Ltd Federal

Argo Plans 1 for 7 Bonus Issue Amid Profit Rise

Argo Investments Ltd announces a bonus issue of 1 for 7 to shareholders from share premium reserve totaling $940,000, raising paid capital to $6.72 million. Approval awaits at the AGM on May 28 with final 4 percent cash dividend payable June 18 to holders on May 21. Bonus shares rank equally after final dividend.

Argo Investments), Ltd

Share Options and Stock Picks in Sydney Market

A fragmented listing shows month and 3 month option and call data across multiple brokers. Names like Theseus Westmex Wealmex and Glendale appear with quantities from 1,000 to 20,000 and prices around 1.05. The snippet includes Australian stock activity and call contracts with varied maturities and strike estimates.

Calis Atherton Amt Timor Theseus Glendale Fife Sydney

Allgas Energy to bid for Brisbane Gas shares

Allgas Energy Ltd of Brisbane announced it would bid for all ordinary shares of Brisbane Gas Co Ltd soon. The bid competes with Gas Supply Co Ltd, a subsidiary of Boral, which has offered 2.25 dollars per Brisbane Gas share. Brisbane Gas directors rejected that offer as too low and will review Allgas documents when received.

Allgas Energy Ltd Brisbane Brisbane Gas Co Ltd Gas Supply Co Ltd Sydney Boral Gas Supply Brisbane Gas Mc Savage G. C. Cowlishaw Uns dBe Ote Stan

Also Mentioned on This Page

Business Vamgas Edward Sl Ain Alabama Anise Libuite Seady Rudeau Trudeau Council Pacific Government of Gest Hong Kong Singapore Indonesia Taiwan Philippines South Korea South Vietnam New Age’ For Rhodesi Smith Associated Chambers of Commerce Fran John Borrell Salisbury Rency Ritsin Advances Petrie Street AMC Eric Lake Nectibourne Avenua P.O Antidential Canberra Acceptance Corporation Pty Ltd Yaltourn St Fyshwick Act Scottish Bank ASL Royal Bank of Scotland Associated Securities Ltd Viscount Harold Watkinson Tyingara Argo London North King Allgas E. W. Savage Artarmon Motor Inn Pacific Highway Artarmon N.S.W Telex Provost Marshal's den William Gore Noahs Booking Offices Melbourne Adelaide Canberra Canberra City Per “Tapicts
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