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Canberra Times in Canberra, Australian Capital Territory

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This newspaper page contains 12 articles. Subscribers can read the full text of each article.

Newspaper

Canberra Times

Location

Canberra, Australian Capital Territory, Australia

Date

May 28, 1966

Page

6

Copper exports blocked as rail line to Beira halted

Zambia and Rhodesia reach a showdown over railway payments as copper shipments to Beira are stopped. Roan Selection Trust and Anglo American say no cargo is moving, prompting talks with US Secretary of State Rusk and a cabinet crisis discussion in Lusaka.

Roan Selection Trust Anglo-American Corporation Mozambique Beira Washington Simon Kapwepwe Desi Rusk United States Rhodesia Zambian F Indepens Dene Rhodesis Vonner Wat & Showdown

Plan to broaden U S outflow of dollars abroad

A government plan to loosen banking restrictions would allow American banks to invest in foreign banks and finance foreign operations. Sponsored by the Federal Reserve and the Senate Banking and Currency Committee, the move aims to reduce the balance of payments deficit by expanding dollars to international banking ventures. The proposal would permit US banks to lend directly abroad without domestic collateral requirements, increasing cross border transactions.

Washington Reuter Johnson Apnrovill Senate Lion Elugine Toon Fonk Holdings Central Bank Lcomnitie’e Tener Federal Reserve Fond US ‘Central Bank Plo Yenin Arie Ouneie Ossini Ce Federal Reverve

UK car output higher in April than year ago

The Ministry of Technology reported British car production in April remained above year earlier levels, averaging 14 a week, about 1,750 more than March and near 1,000 higher than April 965. Seasonally adjusted figures show a 1 percent decline for the three months to April, while commercial vehicle output fell from March but rose year over year.

London Ministry of Technology Baik

West Germany Raises Bank Rate by One Percent

West Germany's central bank committee increased the bank rate by one percent to the high end of the interest range. The move signals tighter monetary policy amid cautious wage and price trends, with implications for long term securities and capital markets.

Frankfurt Aap-Reuter West Germany Federal Bank Sian Carmany Aboney Land Capitol

BHP forms offshore drilling deal with Esso and Haematite

BHP announced a three-government offshore drilling arrangement involving its Whally-owned Haematite Explorations Pty Ltd with Esso Exploration Australia. The plan covers exploration tenements in the Otway basin spanning Victorian South Australian and Tasmanian waters. Ministers for Mines must approve, after which seismic surveys and site selection will begin.

BHP Haematite Explorations Pty Ltd Esso Exploration Australia Otway Basin Haematite Explorations Nut Miei Ani Esso Ginnsand Ross Themaise Exploration Baas Strait FARC Ginpsland Wygan Ladiaeen Porte Phillip Bay Grway Basin

ANL plans Hobart link

ANL plans to extend the Melbourne Hobart cargo service per Minister Freeth. The decision aims to widen Tasmanian trade and connect Hobart with the mainland, reflecting a growing rail and shipping link across recent years.

ANL Hobart Australian National Line Anamuincine Shine Howart Tasman Javier Huinage

Pioneer Sugar Reports Profit Despite Bad Year

Pioneer Sugar posted a net of 833,851 for the year amid a slump in world sugar prices and reduced production. Chairman Ry Russell says the result, though weak, reflects the industry’s challenges and ongoing plans to improve efficiency.

Pioneer Sugar Ry Russell Sharon Aus-talia

British Petroleum Unearths Mine Oil Subtleties in Australia

BP survey company announces finding in Australia with Minerale Australia Pty Ltd to form a new entity RB's phosphate approval in three Western Australia sites and two in South Australia. Directors include N. R. Seddon chairman J Fox L R Gascoine W D Johnsons and M V Lau.

British‘ Petroleum Company Australie Ltd Minerale Australia Pty Ltd Western Aus Atta South

Gas talks in Holland and Australian minister comments

Fragmentary notes describe gas talks involving Dutch interests and Australian minister remarks. Mentions interim measures and a study year ending June 30, with references to various names and topics in the gas sector.

Holland Marra de Qap NSA Fing Minos Cieffih Patch

Fairymead Loss Signals Financial Strain Across Units

Fairymead Sugar Company Ltd and subsidiaries report a loss in the latest annual report impacting depreciation and asset values. The directors note expansion costs and a reduced sugar output with a final dividend cut, while a Canadian miner and related holdings face no dividend, reflecting an overall downturn in profitability and earnings for the period.

Fairymead Fairymead Sugar Company Ltd Cumberland Credie Cor Rovation Ltd Herim Slvidend Mlouer Development Ltd Sydney Highanue

Stock option transactions and market notes

Fragmentary text lists stock option terms, names, and figures with unclear context. It mentions Wester, Myring, Choy Rule, and various numeric values, but the meaning and full items remain obscured by garbled OCR. The readable bits reference indexes, markets, and traders without a coherent sequence or verifiable event.

Wester Myring

Sober oil market shows mixed Sydney trading

Ampol Exploration shares tumbled on the Sydney Stock Exchange after WAPET announced an 85 million barrel Barrow Island field was commercial. Trading opened at 51-48 and drifted lower while Ampol ordinary shares rose to 79.1 pence, lifting the industrial market though mining stocks remained weak.

Hiemm Scuntheen Theerman Zole Telening Ye Ini Freeth Sant Iyer Iin Lid Fam Haar Methonius Jenene Willy Imker Yahien Tian Teauel Farms Eesti Niel Gaia Alserin Onlwania Sydney Ampol Sydney Stock Exchange WAPET Barrow AU Ane Slag Ast Moody Amal Vestry Cra New Brn North Broken Hill Meont Sa

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