Australia weighs higher protection for TV electronics industry
Philips chairman H D Mayer urged Ayattala to decide on electronics industry protection, arguing greater consumer protection is vital. He noted imported TV sets incur duties totaling 80 dollars plus 4 percent tariff, shaping a 200 dollar Japanese set to about 340 dollars in Australia. He linked investment reviews to Tariff Board protections and highlighted electronics’ 70 percent foreign control, while noting Philips contributes about 400 million dollars annually in wages.
MENTIONED IN THIS ARTICLE
H. DD. Mayer
Philips Industries Holdings Ls
Ayattala
Oan Electronics Industry
Hiver
Melbourne
Nos
Afta Prafia
TV Seta
Japan
Haver
Tariff Board
Australia
Philips
Tooth profit up 30.2 percent on year to 10 million
Tooth and De Lid reports full year net profit near 10 million after a 30.2 percent rise. Directors propose a 4 percent dividend and a capital doubled bonus issue, with an extraordinary meeting set for June 14 to sanction the plan. Earnings for the year reflect higher material and wage costs, while interim gains had shown sharper growth.
MENTIONED IN THIS ARTICLE
Tooth
Australia Trade Shifts Narrow In Nine Months Ended March
Preliminary statistics show imports from China rose to 32.2 million, up from 7.8 million, while U S imports fell to 666.9 million in the nine months to March. Total Australia imports amounted to 3.0959 billion, down slightly from 3.1042 billion a year earlier, with Japan 501.7 million and Britain 650.3 million among top partners.
MENTIONED IN THIS ARTICLE
China
Statistis Bureau
United States
Australia
Bunge bids for half of Herbert Adams Holdings
British flour milling group Herbert Adams Holdings faces a 6 pence cash offer per share from Bunge Industrial Ltd for 50 percent of the company. Shareholders are invited to offer up to 50 percent, with Bunge not required to accept more than 25 percent of any individual holding. Bunge plans to acquire 1,268,748 Melbourne bakery shares, and Herbert Adams directors would unanimously recommend acceptance.
MENTIONED IN THIS ARTICLE
Bunge (Industrial) Ltd
Herbert Adams Holdings Ltd
Bunge
Melbourne
Herbert Adams
Hey
ACI payout to include bonus as company marks centenary
Australian Consolidated Industries Lct will pay a special dividend of 2 percent after boosting March year profit to 1,589,000. The payout combines the usual 10 percent with a 2 percent bonus to mark the company’s centenary. Management notes some Australian divisions suffered from weak demand while total Australian sales rose to 281 million, with South-east Asia and New Zealand results mixed. Trading profit stood at 26.0 million after depreciation and higher charges, reflecting challenging conditions.
MENTIONED IN THIS ARTICLE
Australian Consolidated Industries Lct
Australia
South-east Asia
Gold soars to record price in London market opening
London bullion market opened with a rapid jump and added nearly 3.00 to the prior close to reach about 8.00 per ounce in US dollars.
MENTIONED IN THIS ARTICLE
London
Takeover offer for Coates dropped
Australian National Industries withdrew its takeover bid for Coates and Co Ltd two days after Rocla Industries began a cash offer. The move followed a Monier statement suggesting Concrete Industries would withdraw its Rocla bid if Rocla succeeded, signaling a strategic delay awaiting Rocla's fate and ANI’s next move.
MENTIONED IN THIS ARTICLE
Australian National Industries Ltd
Coates and Co Ltd
Rocla Industries Ltd
Coates
ANI
Rocla
Monier
J. N. Davenport
Concrete Industries (Monier] Ltd
Davenport
Ifoncrete Industries
ANT
Concrete Industries
Also Mentioned on This Page
Bnfineres & Femmanmeurer
Business & Economics
Review of
Nsw
Tooth and de Lid
Fis
RJ. Vicars
Toaths
Britain
Canada
West Germany
H. Adams
BHP
Nork
Boulder
A.C.I
New Zealand
James Forrest
ACI
Civic Permanent
A.C.T
Cw Rr
Butlerg Society
Martuomal Cap Beret
Dare Ee
Ailing von Cantor
Civic Co-operative Perma
Building Society Limited
Kosciusko Chalet
Trewin
Lufthansa
Harmonie Bavarian
David Jones
Barotex ‘Club 3
Barotex
Paragon Mall
Fishwick
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