Australia Defends Clothing Quotas Amid Global Criticism
The Department of Overseas Trade reports Australia faced sharp criticism from Japan the United States and the European Community over tariff quotas on clothing and cars. The annual report defends quotas as allowed under GATT and notes efforts to relax agricultural trade restrictions through GATT negotiations.
MENTIONED IN THIS ARTICLE
Department of Overseas Trade
Australia
Japan
European Economic Community
GATT
Ford Australia profits dip as sales slip in six months
Ford Australia Ltd reports net profit for the six months to June 30 at 8.2 million dollars, down from 4.4 million in 1975. Unit sales fall from 66,244 to 61,990 as managing director Brian Inglis cites delays in recovering cost increases from a Prices Tribunal hearing. Market share rises to 21.5 percent while sales reach 311 million, but profitability drops from 2.8 percent to 2.6 percent amid ongoing return erosion.
MENTIONED IN THIS ARTICLE
Ford of Australia Ltd
Ford
Brian Inglis
AGC Insurance boosts earnings amid expansion and inflation
AGC Australian Guarantee Corporation Ltd, Australia’s largest finance firm with a partly Bank of NSW owned subsidiary, lifts earnings 24.1 percent to June 30. Net profit reaches 28.23 million from 22.74 million. Insurance division posts near fourfold gain with 3.2 million underwriting profit, lifting division earnings from 1.2 million to 4.7 million. Overheads rise due to rapid expansion and inflation on salaries and expenses.
MENTIONED IN THIS ARTICLE
Australian Guarantee Corporation Ltd
Australia
Bank of Nsw
Canberra CPI rises 2.1 percent in September quarter
Retail prices rose across six state capitals by 2.2 percent in the September quarter, Canberra up 2.1 percent. The annual rise reached 16.7 percent, with food costs driving some variance. Government figures credit inflation relief to policy steps while noting health funding changes.
MENTIONED IN THIS ARTICLE
Canberra
Burea of
Sydney
Melbourne
Brisbane
Adelaide
Perth
Hobart
Caesar Fabrick Ltd Sees Profit Rise Despite Sales Dip
Caesar Fabrick Ltd reports annual net profit of $73,100 up 11.1 percent on sales of $3.4 million, down 15 percent. First six months earnings fall 234 percent to $55,007, with June half swinging from a loss of $5,985 to a profit of $18,093.
MENTIONED IN THIS ARTICLE
Caesar Fabrick Ltd
Commodities and Metals Prices Reported in London
London market notes show copper cash at 783.5 with August timing, silver and gold prices listed with forward copper at 264.70. Wheat and sugar quotes appear alongside other commodities including Australian and Canadian refers, with various per ton and per unit figures.
MENTIONED IN THIS ARTICLE
London
BSD
Novirine
Confidence in Banks Survey Signals Upturn in Australia
An economic survey issued yesterday indicates a possible upturn in Australia's business conditions later this year. The Australian Chamber of Commerce and National Bank joint survey shows 60 percent expect good or satisfactory results in the September quarter, rising from 54 percent in June. A second ANS Banks analysis supports government policy to boost confidence and curb inflation, while noting unemployment stems from regional and manufacturing issues and is unlikely to be fixed by demand management. There is also a potential for interest rate cuts this financial year.
MENTIONED IN THIS ARTICLE
Lynch
Hurford
Medibank
Fraser
Australia
Qquarer
Atres
Bey
Chatham Bon Rey
Allan
Wien
Rolard
Corey Mey
Conley
Wigolae
Las
Pia
Gomensid
Ter
Orirenee
Banka
AL Avda
Ant
Baris
Iney
Brkpite
Az Coweaeen
Warnes
Campbelis
Farrevan
Meyers
Apt
Chapman SC
Berson
Australian Chamber of Commerce
National Bank
Dick Hickson
ANS
Govern
Ment
Quotas Keep Australian Beef Exports to US Steady
Diplomatic and US sources report Australia and New Zealand will export the same beef quantities to the United States as under prior voluntary restraints. Canada raises its planned share, prompting retaliatory quotas for Q4. Australia’s and New Zealand’s allocations stay at 287 million kg and 8 million kg respectively, while Canada’s rises to about 47 million kg. The row follows Ford’s October 9 global quota announcement amid higher Canada imports.
MENTIONED IN THIS ARTICLE
Washington
Thirday
Australia
New Zealand
Canada
Ford
Last Sydney share sales and options update summary
Substantial, scattered stock listings show Amatil Amex and BHP among top traded names with varied daily price moves. Industrial equities including Adina, Adams, and Evercore groups appear amid mixed turnover while regional brokers report notable volumes in materials and banking counters.
Monier in line with budget after strong 1975 76 start
Monier chairman FE S Owen said favourable profit trend extended into the first quarter of the new financial year with trading above last year and in line with budget. Managing director J Pa Vempuri noted ACT operations faced reduced government spending but all divisions performed well, and the group pressed ahead with office expansion and upgrades at Bungendore sand pit and Wagga pipe plant.
MENTIONED IN THIS ARTICLE
Concrete Inelustrices (Monier) Tid
FE. S$. Owen
Nsw
Jack Pa. Vempurl
Canherr
ACT
UES
Secon
Manier Group
Bungendore
Wagga
Also Mentioned on This Page
Business & Economics
Fication Tribunal
Insurance
AGC
Warwick Bracken
Economics
Caesar
Sinclair
Giles Libe
Gielvelt
Westerly Tye
Moe
Gietzelt
Cunbermas
Insur
Pastoral
Ciemenla
Ise Af Yen
Ind
Uw P51
Aurore
Bae
MAUR
Eiaz
AMD Ritinarhed
Price Toke Aan
FT Institut Wz
Acmit
Actrof
Adama Wm
Adel Sim
Adina
Abid Mim
Aguila
Mann
Altina
Fink Adel
Fink
Rok Nsw Ora
Bell
Berk
Irn
Berle
Bites
BCS
BMI
Boral
Bramb
I Brosh
BHP
Wreck
Buitulmat
Bundabert
We Phinas
Cad Schur
Ene
Cap
Chryder
Chk Roberts
Clyde Ta
Coles
Crane
Gotch I
Gwe Hoeven
Harry Kut
Morton
Bee Tine Jones
Tmi Jones
Bones
Kenvinwa
Kurta Iun
TNC Ing
Leichiom
Loong En Elba
Mancoia
Marra
Morris OM
Myreas
Sal Bank Ris
Nap Com
Nicholas
NOK Phorm
Bock
Chemie Cute
Oban
Pss
Pavnier WR
Pent Bisal Trust
Poyally
Bar Vm
Alyn Cooney
Sims
Steigh
Milly Hd
Taubinang
Walker
Winnie He
Wiworths
Warnald
Young
Chulaar
Abbovic
Abtollian Ff
Acre
Ageolle
Cooper
Cudeeo
Wally Weet
Sthimnd
Evan
Angew Wysit
Letchton
Ok Nsw Rim Don Il
Capital Finance CO Pty Ltd
Petrie Street
Civic Centre
Monier
Real Estate Institute of Queensland
Brunswick Street
Fortitude Valley
Balance
Noosa
Gazettal
Department of Harbors and Marine
Queen Street
M.L.C
City
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