Fleetways bids for Yellow Express in share for share offer
Fleetways Holdings Ltd offers three 40c Fleetways shares for every four 50c Yellow Express shares. The bid values each Yellow Express share around RAde at Fleetways price of 1.1B, slightly above recent Yellow Express levels. Yellow Express profit fell from 292,580 to 61,675 in the year to June 10 amid wage costs and reduced activity at a main operation.
MENTIONED IN THIS ARTICLE
Fleetways
Yellow Express
Yellow Papress Shinee
Yellow Papress
Philips Industries reports half-year loss and dividend plan
Philips Industries Haldings Ltd posted a $736,576 loss for the June 30 half-year and will pay a steady interim dividend of a fixed percent. The interim report for the Electronic Industries Ltd Group, acquired by Philips this year, suggests factors behind the loss. The group trading result shows a loss of $49, or $58.
MENTIONED IN THIS ARTICLE
Philips Industries Haldings Ltd
Electronic Industries Ltd Group
Philips
$1.5 Million Cash Bid for Cossey Takeover Sought
Industrial Equity Ltd via its Warilda Pto Ltd subsidiary offers $1,510,698 for Cossey Investment and Finance Ltd, valuing the Ford distributor at about 1.51 million. The bid proposes 585 for 230,341 ordinary shares and 1.10 for each preference share, with Cossey seen as Brisbane and Northern NSW Ford’s largest distributor.
MENTIONED IN THIS ARTICLE
Cossey Investment and Finance Ltd
Brisbane
Ford
Sydney
Industrial Equity Ltd
Cossey
Metropolitan Motors
Queensland
Moorthern Nsw
Warilda Pto Ltd
Melbourne broker granted extra 20 days to settle affairs
Melbourne stock exchange committee granted William J. Baker of Baker and Co another 20 days to clear his finances after a creditors meeting adjourned for a month. A separate creditors meeting for Donovan and Co saw ANZ Bank seek a bankruptcy petition adjournment to October 26 with creditors voting to reconvene December 18.
MENTIONED IN THIS ARTICLE
Melbourne
William J. Baker
Melbourne Stock Exchange Committee
Baker
Baker and Co
F. R. Smail
The
Stock Exchange
Donovan and Co
ANZ Bank
5. W. Begg
Aluminium Resources to send bauxite survey team
A six member team from Aluminium Resources Development Company will depart October 25 for an 18 day on site survey in eastern Australia and Solomon Islands. The expedition will inspect Aurukan district near Weipa Queensland and Wagina Island to study bauxite deposits and transport facilities.
MENTIONED IN THIS ARTICLE
Tokyo
Aap-Reuter
Aluminium Resources Development Company
Queru Insland
Solomon Islands
Aurukan
Weipa
Queensland
Wagina
US Defence of 10pc surcharge sparks trade debate
The US Chamber of Commerce president in Australia backs a 10 per cent import surcharge. He cites 1971 as the first US trade deficit year since 1893 and urges currency revaluation to boost free trade. He warns against blocs and questions US-Chinese trade potential.
MENTIONED IN THIS ARTICLE
Chamber of Com- Tavis
Davis
United States
Winston-Salem
North Carolina
Australia
Melbourne
Japan
FRC
Brita
Denmark
Norway
Ireland
Tariff Board under fire in Parliament clash
Prime Minister McMahon defended the Tariff Board amid a heated exchange in the House. He said a “vicious and prolonged campaign” by manufacturing interests harmed the board, stressing its advisory role and government responsibility for tariff policy. Lawmakers questioned costs, protections for woven textiles, and the board’s independence, while McMahon defended timely inquiries and independent assessments.
MENTIONED IN THIS ARTICLE
Tariff Board
Mr McMahon
Tate Board
McMahon
Alumina Content Found in Angela Bauxite Reserves
Bauxite samples from the Angela iron ore area near Marble Bar north of Perth show alumina contents from 7.5 to 31.9 percent. The War EN Court heard applications by Hancock Comets Pty Ltd and K B McCamey for bauxite reserves, opposed by Australian Steel and Mining Corporation Ltd, subsidiary of Armco, which holds prospecting rights. Engineer Dalby noted potential commercial use but questioned adequacy for alumina and possible use as flux in steelmaking. Pilbara likely for steel-related export. Hedging actions by Hancock and group tied to iron, coal leases amid security concerns and manganese claims. The hearing before Mr HF Harlock is ongoing.
MENTIONED IN THIS ARTICLE
Angela
Marble Bar
Perth
Hancoc Comets Pty Ltd
K. B. McCamey
Angelus
Australian Steel and Mining Corporation Pty Ltd
Armco
K. W. Dalby
Hannerieht
Dalby
Pilbara
Lane Hancock
Wancock
Harlock
Sailfish Nooo well progress in Bass Strait
New South Wales Oil and Gas Company NL reports Sailfish Noo well in Bass Strait south of the BHP Faso gilfields has reached S51 deep drilling progress.
MENTIONED IN THIS ARTICLE
New South Wales Oil and Gas Company NL
Bass Strait
August Migration to Australia Surpasses Departures by 7,807
Statistics Bureau reports 90,242 arrivals and 82,435 departures in August, an excess of 7,807. Permanent settlers totaled 11,088, with 2,196 former settlers and 922 other residents leaving permanently. Largest migrant groups were British 665, Yugoslav 1,097, American 814, and Italian 662.
MENTIONED IN THIS ARTICLE
Australia
Trade position of UK still improving
Britain’s trade position shows an improving trend as September yields a £57 million export surplus. Exports reach a record £797 million, up £28 million from August and £18.2 million above last June’s peak, while imports rise to £740 million. The current account stays in substantial surplus, with visible surplus averaging £20 million monthly in the first nine months.
Ideology Yields to brisk trade at Canton fair
Peking hosts a large Canton Trade Fair with 800 million potential consumers. Trade partners include Hong Kong, Japan, West Germany, Britain, France, Canada, Italy, Pakistan, and the Soviet Union. Delegations from Algeria, Sierra Leone, Malaysia, and others mark growing global engagement.
MENTIONED IN THIS ARTICLE
Peking
Canton
China
West Germany
Canada
France
Britain
Italy
Cine
Pakistan
Pearl River
Han Asigeet
Inro
Japan
Algeria
Sierra Leone
Alaysia
Soviet Union
Europe
Are
Germany cuts bank rate to boost economy
FRANKFURT Thursday West Germany reduced its bank rate by half a percentage point to 4.4 per cent and cut the Lombard rate for securities from 11 per cent to 10 per cent. The actions take effect today to stimulate domestic investment and lift a slowing economy, especially in capital goods.
MENTIONED IN THIS ARTICLE
Frankfurt
West Germany
Central Council of the
Federal Bank
Italian Rate Cut Lowers Policy Rates
Rome, Thursday. Italy cut its bank rate to 4.5 percent from 5 percent and reduced the Lombard rate to 4 percent from previous levels. The changes take effect today, marking ongoing easing after a period of declines since April.
MENTIONED IN THIS ARTICLE
Italy
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Business & Economics
Yellow Express Carriers Ltd
Fleetways Holdings Ltd
Cassey
Industrial Equity
BR. J. Blackburn
Blackburn
Lossey
London
Poseidon
Poseidon North Kall
I-Menth
Nsw
Cacentine
Chima
M. J. MacKellar
Lib
Anthony
Tarif
Mackellar
Austria
Mir Anthony
Statistics Bureau
Department of Trade
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East
Germany
Rome
Bank of Italy
Soy ‘Oy Batten
Maraeir
Estan Poreanbeyan
Molden
Phandeven
Dunne
Kiosis
Peter
Ataly
Rick's Lane
Oriana
Paragon
Canberra
Hevndtal Kiowa
Cook Shoppine
Farrer Shopping
Hughes Shoppine
Lachlan Court
Mawron Shooptee
Pearce
Fla Wiramanus
Eden
Nowra
Mall
Hurn and
Coruna
Sydnest
Masco Alene
Jonn Falrise Mpd
Lone Ltd
Hunter Street
Wynyard
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Eranione
Caren Sf
Umn
Melhourmne
Lecerman's
Collina Street
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Collin Bank Menet
Swanston Street
Mittwa
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McGills
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Flinders Street
Ratleae
Tullemarine Albert
John Palrfar and Sona Ltd
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Sedney Morning Herald
Australian Finance) Review
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Rotorua
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Lyneham Tennis Courts
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Theodore Steel Curtin
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Gil Woden
Cook
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Watson
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Yoehem
Yuna
Austinmer
Torage
Manuka
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Yconnor
ELF
Braddon
le Cat Lal Court
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Madigan
Hackett
Queanbeyan
Main St
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Curtin
T. E. Woodger and Sons
Monaro Street
Hughes
G. Putt
Aindie Ave
North
Aide
Hig
Watson and Walshee
Alles Curtis and Partners Pty Ltd
Bunda Street
ARRER
EARCE
Immaculate Condh
Hemi
Hemel
Cassell
Moore
State Ptylto
Scotts Realty Pty Ltd
Maitland House
Manhearre City
Queanbeyan — Flats
Alec Evans
Feat Estate Pty Ltd
Rawford St. Gusani
Eastlake Football Club
Guess
Club Inc
Social and
North Gub
Spm
Tll
P.O
Casheus Iy
Robinson
Jennifer Frances
Sacilly
Dad
Mum
Rodney
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