Minister warns of new safeguards for mining resources
West Australian Minister for Mines Mr May signaled a forthcoming "resources statement" to accompany mineral export licence applications. The document would review present resources, forecast demand, and justify government licensing decisions. He noted a shift toward stringent environmental considerations and joint state federal review of export viability.
MENTIONED IN THIS ARTICLE
Mr May
Australia
Australasian Institute of Mining and Metallurgy
Jad
May
Carlton and United plans two for five bonus issue
Australia's Carlton and United Breweries will issue a two for five bonus, with directors cutting the annual dividend proportionally. The move comes as profits rise 14.2 percent in the December half, with potential record earnings near 14 million and a 20.9 percent return on issued capital after the bonus. The firm expects revalued assets, conversion of preference shares, and an increased authorised capital to 19 million dollars while books close June 7.
MENTIONED IN THIS ARTICLE
Australia
Carlton and
United Breweries Ltd
CUB
Victoria
Carlton
United
Divi
CAB
Wants two directors ousted at Ferrovanadium
Fer rovanadium Corporation chairman Hector Ward calls for an extraordinary meeting to remove directors P D Horlock and P J Williams over concerns on company direction. He cites plans for aggressive development of Ferrovanadium deposits in Western Australia near Barrambie, inland from Geraldton. Horlock declines to comment. Williams unavailable. Ward states the company has issued a supreme court writ against him which cannot be discussed due to legal blind.
MENTIONED IN THIS ARTICLE
Ferrovanadium Corporation KL
Hector Ward
P. D. Horlock
P J. Williams
Ward
Barrambie
Geraldton
Hoeriock
Mrard
Williams
Pyetter
Ferrovanadium Corporation
Supreme Court
Munro
C. Crowley
ACT Director of Welfare
J. A. McCrory
Esso Gas Centre
Kingston
W. B. Freebody Pty Ltd
National Bank of Australasia posts large half year profit rise
The National Bank of Australasia Ltd reports a 41 percent rise in unaudited group net profit for the March half-year, with a 65 1/2 million lift from banking activities and a 400,000 gain from Custom Credit Corporation Ltd. Consolidated revenue rose 20 percent, and full-year profit is forecast higher than last year, aided by an impending consolidation of Custom Credit to near 100 percent.
MENTIONED IN THIS ARTICLE
National Bank of Australasia Ltd
The
National
Custom Credit Corporation Ltd
Bankie
Custom Credit
Anglo American Ventures to join Manus Island exploration
Manus Island venture Anglo American Ventures Ltd will partner with Exoil Transoil Group to explore a 29 square mile block. Anglo can acquire up to a 50 percent stake in the area under the joint venture agreement.
MENTIONED IN THIS ARTICLE
Anglo American Ventures Ltd
Manus Island
Exoil Transoil Group
Anglo
BHP Malaysia reports hydrocarbon shows at Sotong B-1 well
The Broken Hill Pty Co Ltd said Sotong B-1 in Malaysian waters showed hydrocarbon shows needing further evaluation. A follow up report will be issued after well completion. Hematite Petroleum, Pr Lid and Fish Exploration and Production Australia Inc noted the Glomar Conception spudded Konkon Number One on May 13, now drilling ahead at 27Rft.
MENTIONED IN THIS ARTICLE
Broken Hill Pty Co Ltd
Hematite Petroleum Pr Lid and Fish Exploration
Production Australia| Inc
EWP Wool Sale Catalogue Offered in Canberra
A catalogue of 2500 bales of wool was offered for sale in Canberra this week with 934 bales sold to the trade. The Economic Wool Producers Tid announced that the offering drew from all mainland states. The average clean price was 7.97 d per kg and the greasiness price 2.41. Competition was widespread and the main buyers were Japan the Continent and local mills.
MENTIONED IN THIS ARTICLE
Ender
Canberra
Tid
Japan
Continent
Australian Chamber chief urges business input on economy
K B Williams, new president of the Australian Chamber of Commerce, says the government must heed responsible business groups to keep the economy stable. He welcomes continued cross party consultations with business and unions and urges safeguards in trade practices law to allow exemptions where public interest and consumer benefits are shown.
MENTIONED IN THIS ARTICLE
Australian Chamber of Commerce
K. B. Williams
Williams
al- Hindes
Treasurer blocks Hochmetals takeover of MMM in Australia
Treasurer Crean announced in the Government Gazette a prohibition under the Companies Foreign Takeovers Act on Minerals Mining and Metallurgy seeking to issue 1,250,000 voting shares to Hochmetals. This move would give Hochmetals effective control of MMM and was deemed contrary to national interest.
MENTIONED IN THIS ARTICLE
Mr Crean
Crean
Minerals Mining and Metallurgy
Hoch. Metals
Mel Crean
Talks on iron ore contracts with Nippon Steel
Three representatives of Nippon Steel spoke with Australia’s Minister for Minerals and Energy Mr Connor in Canberra for three hours about new terms for ore exports after currency changes. Negotiations continue in Tokyo next week with Australian producers wary of government involvement.
MENTIONED IN THIS ARTICLE
Japan
Connor
Canberra
Tanabe
Nippon Steel Corporation
Takeoshi Imai
Nippon
Ae Unayama
Nea
Fedperate
Tokyo
Court Reports Awards Damages After Canberra Accident
In the ACT Supreme Court Mr Justice Dunphy awarded damages of 72136 plus costs to Charles Frederick Martin of Tench Street Kingston who remains in Canberra Hospital after a July 26 1970 traffic accident. Martin had been crossing Canberra Avenue when struck by a car. the award reflects 24 percent contributed by him. Evidence showed ongoing institutional care for life.
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ACT Supreme Court
Justice Dunphy
Charles Frederick Martin
Tench Street
Kingston
Canberra
Martin
F. A. Lusher
Mrt
Gallop
Snedden
Hadl
Effrem Az- Fopani
Schieh Street
Warralumia
Ika McGregor
R. Bo Muipayiraghad
DC. DB. Harper
Lisbeth
Beddoes
of Gallop
William John Brokken
Cowper Street
Ainslie
BR. A Murphy
B.C. D. Harpe
Heddoes Owas
Amd
Sherbrooke
Davenport
Dennis Mathew Diton
Wreck Bay
Jervis Bay
Aa Umn
Justice Blackburn
Dison
M. Somes
ACT Director of Welfare
P. Massie
Publication ruling silences key murder hearing evidence
Canberra magistrate Mr Nicholl ordered no publication of certain evidence from the preliminary hearing of Laurence Baxter charged with the April 13 1973 murder of Leino Ashtedt. The judge cited juror risk given Canberra as the trial place and noted hearings would continue today. Also reported a motorist received six months jail and a $500 fine with a five year license suspension for a March 24 drink driving offence in Curtin.
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Nicholl
Canberra
Laurence Baxter
Caley Crescent
Narrabundah
J. B. Norris
S. Wilcox
Baxter
Leino Ashstedt
John Joseph Kurarski
Foreman
Kambalda Crescent
Fisher
Dobson
SM. Ln Husing
Carruthers Street
Curtin
Kuceynekis
ACT Law List in Courtroom for Today
In the So Courtroom before Justice Fox the ACT law list proceeds with criminal jurisdiction cases including Regine Femion Regine Mayoerry Megina v Gijarite Appeilaic Junladicugn Atal Anthony and Anthony Browne Brown, plus matrimonial matters and various named parties such as Merrit Kobouki Tee Po Ong Linda Charmaine Cha and Valerie Isobel Graham. The hearing also covers SN cinkittuwim at Serr ody, Kevin Lettie Jonen fearing Margaret Joner and Colin Roy Blackwell with Shirley Dost Bist and other named individuals including Camille Tho Morgan Thomas Kathleen Joora George Jones Edna Pasline-Clar.
MENTIONED IN THIS ARTICLE
Justice Fox
ACT Law Ee
Todlay
Regine Femion
Regine Mayoerry
Megina
Gijarite
Appeilaic
Junladicugn
Atal Anthony
Augen
Anthony Browne
Brown
Merrit
Kobouki
Tee Po
Wwe Tanne Ingles
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