Inflation: Australia faces rising prices and budget pressure
Australia confronts accelerating inflation with prices climbing faster than a decade, driven by wages outpacing productivity and weak consumer spending. The budget must curb current and capital outlays, while reforms in arbitration, pricing laws, and tariffs aim to boost competition and damp wage growth.
MENTIONED IN THIS ARTICLE
Australia
Britain
America
New Zealand
Conciliation and Arbitration Commission
Approvals Rise by 27 Million in Australia April
The seasonally adjusted total value of building approvals in Australia for April rose to 263.9 million dollars, the largest month to month gain in at least a year, up from 237.1 million dollars and 256.2 million a year earlier. Unadjusted approvals totaled 245.1 million. New homes and flats led with 123.6 million, non-residential 105.5 million, factory approvals buoyant, but office approvals lag behind the year’s levels. Data released by the Statistics Bureau yesterday.
MENTIONED IN THIS ARTICLE
Publc Authority
Tjé
Australia
Statistics Bureau
Japan backs ministerial talks with Australia
Japanese Prime Minister Mr Sato approved yesterday the proposed establishment of a ministerial level conference between Australia and Japan. The move signals Tokyo’s intent to deepen ties and ease cooperation on regional issues.
MENTIONED IN THIS ARTICLE
Tokyo
Sato
Australia
Japan
Kathleen Investments directors withdraw nominations
In a surprise at Kathleen Investments Australia Ltd annual meeting, directors M L Dowling and J E Roberts withdrew their nominations. Australian Deputy Prime Minister Anthony and Japanese minister Sato discussed trade issues and a proposed new Australia Japan forum aimed at expanding agricultural exports and raw material management. The gathering, moved to Anzac House, sought to balance talks with a capacity crowd, while conditions suggested a broader forum on tariffs and trade. The company noted 1970 as turning point with consolidated profits surpassing dividends for the first time since Mary Kathleen Uranium Ltd operations ceased.
MENTIONED IN THIS ARTICLE
Kathleen Investments (Australia) Ltd
M. L. R. Dowling
J. E. Roberts
Sato
Anthony
Anzac
Sydney
Australia
Japan
Dowling
Tralia
Senate Select Committee On Securities and Exchange
E. R. Hudson
Yesterman
Royal Japan, Commonwealth Society
Hudson
Anzac House
United States
Britain
Mr &C. Kennon
A. Rodgers
Mary Kathleen Uranium Ltd
Jpany
Queensland Mines Ltd
Nabarlek
Northern
Territory
London Noon Board Deadlock Over Five Member Slate
Shareholders debated a motion to expand the board to five members with Mr Dowling facing opposition from Metts and other nominees. The plan appeared reversible by opposing all three added candidates as the London meeting confronted mergers and governance signals from Hudgon and North. The debate highlighted factions led by Dowling and Roberts amid a fluid vote with multiple directors mentioned in quick succession.
MENTIONED IN THIS ARTICLE
Dowling
Hudgon
London
Roberts
le Carr
le Carr Moye Te Coracha Ex Inds Ci Houlder Gmk Hammersley Metale
E Mint
MIM
Nick Yesinns
Uranium Deposit Status and Directors Report
Mr Hudson stated no statement would be updated on Nabarick reserves until all evaluation work finished and the tonnage confirmed. He called the deposit the greatest uranium find and said drilling would start on three other deposits next month. He also noted directors J Truesdale and Brooks knew of a 20 percent interest and that their duties may conflict with Kathleen Investments, with profits expected to rise by 1975 as long-term investments become income producing.
MENTIONED IN THIS ARTICLE
Hudson
Nabarick
Green
J. Truesdale
Purana Brooks
Kathleen
Kathleen Investments
Peter Engie
Siberia Nickel NL
Sid
Java
Creek
Bounty Oil Ltd
West Sum
Malagasy Republic
General Mine
Chevron Oil
Westfields
California
Nanta Mente
Minerals
Wa) NL
Roethe Period
Bourne
Volvo to Build Large Assembly Plant Near Brisbane
Volvo Australia said it will establish a multi million dollar truck and bus assembly plant at Wacol industrial estate near Brisbane on an 18 acre site. The move outlines plans for a major facility expected to be among the largest outside Sweden, with timing to be announced as authorities finalize details.
MENTIONED IN THIS ARTICLE
Volvo Australia
Wacol
Brisbane
Dowling
Volvo Company
T. Norhcott
3. Northcott
Sweden
Land Yuill Investments
Mining consortium to search for oils and nickel in Indonesia
Western Australian and Indonesian ventures unfold as Whim Creek NL and Healing group report optimistic assays. A 50 million consortium including Siberia Mindec Sipes Minta wis, Metramar, Bridge NL and Angl o American plans percussion drilling offshore while Healing seeks breakeven in six months, amid losses and capital needs.
MENTIONED IN THIS ARTICLE
Indonesia
Jnl
Western Australia
Target Petroleum
Australia
AID
Han
Jin
Mrmuse
Bridge and Englebrecht
Mining ventures eyed in Australia with shared capital
The text notes companies will contribute capital for a venture in Western Australia within the next 10 days. It suggests that this does not stop ongoing operations and envisions future consortiums to run mining ventures as a result of a capital shortfall.
MENTIONED IN THIS ARTICLE
Australia
Also Mentioned on This Page
Business & Economics
Warwick Bracken
Tariff Board
Ft &T
Bureau of Census and Statistics
Roy Ans
Petrie Street Civic
Eric Andersons
Lake Credits Co Pty Ltd
Northbourne Avenue
P.O
Colquhoun & Company
Manchester Unity
Mort Street
Canberra
A. D. Meares
Bishop
Sydney Stock Exchange Ltd
Messrs Ord, Minnett
T. J. Thompson and Partners
Messrs Ord
Minnett
Mra R. Stoddart
M.E. G. Knox
Mr Sato
Mr Hudson
Volvo
Magnus Cormack
Eadet
Sir Magnus
Magnus
Magenus
Australian Associated Stock Exchanges
Patrick Partners
M. R. L. Dowling
Whim Creek
A. G. Healing Group
A. W. Ogilvy
Whim Creek Consolidated NL
Western Australian Prospect
OIL
Metramar
Bridge Oil
Siberia
Mindec
Sipes Min
Potalon Ltd
Ogilvy
Metramar Minerals Ltd
Aurora Minerals
Sos Iece
Aurora
Rae
South Australian
the Cate
Englebrecht
I Sassa
Anon Calis Sc
Westmex
Wal Wood CR
Million, Tion (Aust) Ltd
Mal Shedy
Pring, Dean
Sydney Stock Exchange
Ainslie Avenue
Canberra Acceptance Corporation Pty Ltd
Ay Invest
Interstate Permanent Co-Operative ‘Building Society Limited
Center Cinema
Bunda Street
A.C.T
Stock Exchange
Lombard Australia Limited
Ainslie Ave
Civic Square
A.ct
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