Cairns outlines AIDC role in Australian equity aims
In Tokyo, Minister Cairns told a businessmen luncheon that Australia must curb overseas ownership by boosting local equity in resources and manufacturing. He said the Labor Government aims to widen Australian ownership and control, with AIDC as a participant rather than the sole funding channel, linked to processing and marketing requirements.
MENTIONED IN THIS ARTICLE
Tokyo
Cairns
Labor
AIDC
AI AD
John McEwen
Bord
Dividend rise for Containers Ltd on profits peak
Containers Ltd reports a 17.7 percent rise in annual profit to 4.06 million, a final dividend of 6.7 percent and total dividend 12 percent for the year, with stronger first-half results and a predicted minimum year gain of 12 percent. Metal Box Co Ltd remains the largest holder with about 14 percent.
MENTIONED IN THIS ARTICLE
Containers Ltd
Ing
Containers
Metal Box Co Ltd
Treasury Notes Suspension Pending Government Loan Terms
The Treasurer, Mr. Crean, announced that Treasury Notes would be suspended temporarily. They will resume when the terms of the new Government loan are announced, expected in October after the Loan Council determines interest rates for all new issues of Government, semi government, and local authority securities.
MENTIONED IN THIS ARTICLE
Mr. Crean
Treasury
Rudolph Walter Mattes Lata
Bardwell Road
Bardwell Park
State of
Viability of APM operations under price rise claim
The Prices Justification Tribunal opened hearings on Australian Paper Manufacturers Ltd seeking a 6.75 percent rise in paper and cardboard prices. MD J G Wilbon argued viability of pulp and paper operations would be endangered without the increase, citing declining return on funds and profits, though tax concessions had boosted post tax figures. He warned proposed budget cuts to investment allowances could raise costs or justify another price hike.
MENTIONED IN THIS ARTICLE
Australian Paper Manufactrers Ltd
J G. Wilbon
APM
Costa
Wilson
Newsprint in Profit Fall at Australian Mills
Australian Newsprint Mills Holding Ltd reports a consolidated net profit of 2,148,821 for the year ended June 30, down from 2,589,542 prior. Profit after taxation provision stood at 973,195 compared with 563,674 previously and depreciation was 2,239,722 versus 2,245,53 in the prior year.
MENTIONED IN THIS ARTICLE
Australian Newsprint Mills Holding Ltd
Adelaide Steam Company Payout Signals Recovery
The Adelaide Steam Ship Co Ltd reports winding up shipbuilding hurt profits but company leaders push a return to sound, prospering operations. Ordinary dividend reduced from 10 to 7 percent, with final 30.7 cents due to shareholders on November 9 after books close September 24.
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Adelaide Steamship Co Lid
Adelaide
ROM Wood
Macwebhromvk
Warty
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Niytober
Poly
Som
Okctober
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Ender
Rom
Wand
Stuewelbrook
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Tera
McAlister resigns as head of AASE
Michael McAlister announced his resignation as head of the Australian Associated Stock Exchanges after a Melbourne meeting. Appointed March 1 1972 as the first full time paid president, his two year term ends March 1 next year, with a planned departure in September. He will aid the transition and oversee plans to appoint a new president amid unification efforts.
MENTIONED IN THIS ARTICLE
Council of the
Australian Associated Stock Exchanges
Melbourne
Michael McAlister
McAlister
AASE
Council
Australia
Sydney
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