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Canberra Times in Canberra, Australian Capital Territory

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This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

Canberra Times

Location

Canberra, Australian Capital Territory, Australia

Date

May 27, 1961

Page

3

Firmer Trend In Share Prices At Sydney Exchange

Sydney Stock Exchange reports a firmer trend with the ordinary share price at 39597 points, up 0.70, while the week shows modest gains. The index peaked at 107.8 on Monday and slipped to 305.93 on Wednesday as many issues moved cautiously. notable gains include Victoria Insurance and Custom Credit, with mixed moves across CSR, Tooth and Mercantile holdings.

Sydney H.P CSR Tooth Custom Victoria Insurance Rectors of Victoria Insmange Commercial Union Melbourne Exchange National Bis Tooth Carlton Coal and Allied Mercantile

Debt forces New Guinea Coffee to wind up in Sydney

New Guinea Coffee States Ltd is wound up in Equity Court on a petition by Sellers Enterprises and others. The company, with assets about £47,000, faced a £3,000 debt after raising roughly £45,000 from the public. An initial dividend of 10 percent was promised, rising to 40 percent when the plantation yielded more coffee, but none has been paid. The first three directors have resigned and Justice Jacobs ordered the liquidation.

Sydney New Guinea Coffee States Ltd Tuoy Justice Jacobs Oxnald Powell Sellers and Sellers Enterprises Pty, Ltd

Hospitals Strike Called Off Adelaide Triday

The strike by employees of Northfield and Enfield Mental Hospitals ended at 2 pm today after a meeting of about 600 workers at Trades Hall accepted an undisclosed settlement proposal from a voluntary conference. The nurses stopped work Monday to protest staffing the new male ward with female nurses.

Adelaide Northfield Enfield Northfield Mental Hospital

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