This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
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 25, 1968
Page
8
London markets show Sterling dipping to a new low against the dollar as authorities flag currency jitters. Gold prices edge higher amid modest demand, with the London price at 4175 an ounce and market nerves cited as the cause of the Pound's weakness.
Australian Fertilizers Ltd. group sales fell six per cent in the six months to March. Directors offered no profit figure in the interim report released in Sydney yesterday, but signalled a profit decline for the first half. They cited extremely dry conditions reducing farm incomes in NSW and lower demand for superphosphate.
Official U S gold stocks in Fort Knox fall to a 32 year low this week as the market sees effects from the April gold law and two tier system. The Treasury reports foreign claims and the New York float notching lower levels while the Stabilisation Fund records the lowest totals in decades. The month’s changes show $156 million in gold moved and a $10.547 million balance, amid transfers and exclusions in ongoing sales policy.
Godfrey Phillips Holdings Ltd tobacco group lifted net profit to a record 1 139 313 in 1967 from 1 082 454. Dividend on ordinary shares raised to 40 percent, 12 percent in 1968, and 6 percent on local preference shares. Key brands Viscount Kent Albany Du Maurier cigars and Willem II cigars. Chairman Sir James Tait notes sales ahead of prior year with Viscount and Kent rising. Silver King below hopes. factory ran two shifts with new dryer cooler installed. Leaf prices rising. company investing in processing. Final after tax profit 1 621 395. depreciation 378 188. interest 969 826. assets sale profit 17 008. Capital expenditure contracts 1h 008. contingent liabilities 578 000.
A U S sales crew arrived in Sydney to present the Rolls Royce powered Lockheed L-1011 to Qantas TAA and Ansett ANA with plans to visit New Zealand. The L-1011 tops 345 seats on routes from 100 to 2000 miles and competes with McDonnell Douglas DC 10 and the Aerospatiale built A300 type. Qantas eyes short haul Tasman and Pacific legs while Air New Zealand weighs similar routes. Foreign operators may be swayed by Australia’s choice after Boeing 727 sales surge.
Pet food maker and importer Lohn-Corden Ltd shows a peak profit rise to 164 978 in the year to March 3 aided by a 4 rent increase in group sales. Directors declare a steady final dividend of 74 percent and maintain a 12 percent annual rate on higher capital with ordinary capital raised to 810 260. Tax fell to 9 667 and depreciation rose to 44 828. Ordinary and pref shares div paid July 1, books close June 7.
Industrial Equity Ltd, part of R. A. Breekey Investments, offers to buy 4 900 Minerva Centre Ltd shares at 1 dollar each, with a view to making Minerva Centre a subsidiary. The proposal values Minerva Centre based on June asset backing and notes Tivoli theatres in Melbourne and Sydney as key properties. Directors see potential long term benefit despite weak near term dividends and uncertain asset appraisals.
The annual refinery gold output in Australia has fallen since 1963 from 958.38 ounces to 671,171 ounces last year, a 30 percent drop. The chart cites figures from the Statistics Bureau and notes proportional reductions for large share acceptances. Industrial Equity will adjust share purchases pro rata if acceptances exceed 40,000 shares, ensuring no odd lot leftovers and full purchase for holdings under 100 shares.
Union Miniere, the Belgian mining giant, formed two Australian subsidiaries to explore and develop minerals. UMA and Unimin plan joint ventures with local firms, no public share issue, initial capitals listed, with Melbourne as Australia headquarters and executives including Mr R D Fabry and Mr P Servage guiding initial geology and field reviews.
Nippon Kokan signs to buy 8 million tons of Hamersley iron ore from Australia over ten years starting 1969. Marubeni-Mida arranged the deal through Japan’s raw materials committee as mills already hold supplies through 1971. The formal contract is expected within a month.
Norseman Gold Mines NL plans a private placement and a one-for-four share issue to raise about 1.615 million dollars. Directors say 289,000 shares will be offered at a 24% premium and 220,000 shares at a 4-dollar premium. Funds will fund expansion of nickel magnesite and beach sands ventures. An extraordinary general meeting date will be announced. Underwritten by Patrick and Co of the Sydney Stock Exchange.
Firestone Australia Pty Ltd doubles its authorised capital to 20 million by creating five million two dollar shares. The move expands equity and broadens the company's funding capacity.
Japanese car registrations in Australia edged up in March to 4 042 units, about 16 percent of the market, keeping them third behind Holden and Ford. Holden led with 7 727 registrations, Ford at 4 897, and overall March registrations rose slightly from February.
We want people to find what they are looking for at NewspaperArchive. We are confident that we have the newspapers that will increase the value of your family history or other historical research. With our 7-day free trial, you can view the documents you find for free.
People find the most success using advanced search. Try plugging in keywords, names, dates, and locations, and get matched with results from the entire collection of newspapers at NewspaperArchive!
You can also successfully find newspapers by these browse options. Explore our archives on your own!
Browse by location and discover newspapers from all across the world.
Browse by date and find publications for a specific day or era.
Browse old newspaper publications to find specific newspapers.