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Canberra Times in Canberra, Australian Capital Territory

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This newspaper page contains 4 articles. Subscribers can read the full text of each article.

Newspaper

Canberra Times

Location

Canberra, Australian Capital Territory, Australia

Date

May 19, 1977

Page

15

Garuda expands IPEC freight role in Australia Indonesia

IPEC acts for Garuda as a freight expansion plan unfolds in Australia and Indonesia. Garuda carries about a fraction of Australia Indonesia cargo, while IPEC aims to triple freight volume by year end and push door to door services internationally.

IPEC Tes Treight Gaudi Wste Gard Indones Carat Garuda Australia Indonesia Anl Garuda Saud Australis New Zeand Sayud Gurtils Ipfa Sin Ideal Sui Tien Fe Jand Beer IMA HS Garuda Garuda Telene Spawater Ab Acker

Rural aid scheme outlined with state allocations listed

The minister announced 55 million dollars in farm aid with 9.7 million to NSW and similar sums to other states. The scheme replaces the rural reconstruction plan and targets viable farmers including debt relief and longer term finance, with emphasis on continuing support for those previously unable to obtain finance.

Lending climbs as March credit rises $112 million

March lending expanded to 830 million, up 112 million from February. Wholesale financing led the gain with 63 million, while instalment credit and other categories showed strength. The rise reflects broader lending activity across sectors and higher consumer finance demand.

Liquid assets fall as tax payments curb trading banks

Major trading banks report a $720 million drop in liquid assets and Government securities in April due to heavy tax payments. Deposits fell by $468 million to $18,161 million, while advances outstanding rose by $444 million to $11,436 million. Directors note tax payments exceeded $2,000 million in April, boosting government transactions and widening liquidity pressures yet provide some cushion via a higher Los margin.

Bureauof Statistics Gover Securities Cameron Apri Milan Mann

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