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This newspaper page contains 11 articles. Subscribers can read the full text of each article.
Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
May 24, 1966
Page
10
Commonwealth Statistician Me Archer released three statistics groups showing building approvals fell while a few major indicators rose and consumer durable purchases declined. March savings deposits suggest families drawing on savings to meet commitments.
April approved homes totaled 6 15, the weakest since 1962 63, while overall building approvals value fell to 115 2 million from 1394 million in the prior year and 165 3 million in 1963 64. Industrial and commercial activity did not offset the slump, with NSW Victoria and other states showing reduced construction across homes and non residential sectors.
The report notes modest gains in production and consumer demand versus a year ago, with building approvals showing some improvement. It warns that absolute figures remain fragile and that regulatory actions could affect future output and prices.
Reserve figures show Geld and Foretene chinge held by Meese Rank rose by S194.2 million in the week ending May 18, while Australian Government securities fell to 661.7 million. Rank said yesterday the movement reflects weekly asset shifts.
James Wallace Holdings moves to sell its subsidiary amid half year results showing profit decline from the prior period. Directors approved an interim dividend as accounting basis shifts and exploration activities are evaluated, with asset values and projects under review.
In Perth economist Dr Alex Kerr argued the Ord River project could stand on its own merits without relying on weighty secondary benefits. He urged balanced cost and yield analysis and called for advisory structures to aid northern development.
Thomas Brown and Som Ltd, general merchandise, filed a penitent profit report. Revenue for the year reached 583,759 with a prior year profit of 200,652. No final dividend. interim 1H percent. Invest results show after tax 109,564 with 4167.76 previously.
HGH Industries Ltd reports a 28 percent fall in group net profit to $119,000 for the three months ending March 1. Directors said lower demand and market changes affected earnings across two major divisions. The company expects improvement in the final quarter.
Incomplete OCR entry shows mixed figures and names unclear. The fragment mentions stock option transactions and totals, with references to figures like 78 and 3998 and terms resembling market or share data, but the text is garbled and hard to parse for a coherent event or outcome.
The report notes weak trade and cautious outlook as firms maintain interim dividend payments. Acknowledging recent price pressures, analysts expect stabilization later in the year. Details remain unclear due to fragmented text.
Sydney brokers report a broad decline in metal shares with CRA dropping to 645 and Mount Isa Wae near 3.92 as the metals index falls 28.25 points to 1110.89. All mining and oil shares see turnover. Santos edges higher while Ampol Exploration lifts but overall market weakens. Sanctions follow on Perth meeting amid Barrow Island reserve talk.
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