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The Sydney Morning Herald from Sydney, New South Wales, Australia • Page 9

Location:
Sydney, New South Wales, Australia
Issue Date:
Page:
9
Extracted Article Text (OCR)

The Sydney Horning HeraU, August 1966 Cast in their C.B.G. trading bank decline Boral withdraws from fertiliser project Boral Ltd. will withdraw from Eastern Nitrogen Ltd. which was to build a $20m ammonia plant at Silverwater, Sydney. Borg-Warner incurs loss Reflecting heavy expenses incurred in expansion and development, Borg-Warner (Aust.) Ltd, automotive parts maker, incurred a trading loss in the half-year ended June 30.

own horoscope More evidence of an apparent end to a period of growth in trading bank profits is given in the results of the Commercial Banking Co. of Sydney Ltd. for 1965-66. "This has led to the de This follows a decision cision to locate the plant in also excluded from the re The C.B.C. trading! by Eastern Nitrogen to build its plant on Walsh Island, in Newcastle Harbour, instead of at the Newcastle area at Walsh Island," ICIANZ says.

Although the current Shortly afterwards, ICIANZ and C.R.A. announced a rival project at Newcastle. In February this year, the two groups announced that they had decided to combine their projects at Silverwater. sults the trading bank still shows a small profit decline. warner (Aust.) and president of 'its U.S.

parent, said The Silverwater plan was bank's operating profit (exclusive of dividends received) shows a slight decline after a sharp reduc I he savings banks net half-year is expected to he profitable, directors do not first announced a vear ano By THE FINANCIAL EDITOR "Whoever is in office, the Whigs are in power." It was Mr Harold Wilson himself, many years before he came to the Prime Minister's office, who coined that ironic tribute to the power of laissez-faire economic doctrines in Britain. Mr Wilson's reshuffle of his Cabinet on Wednesday tends to confirm his own aphorism. dividend policy had not yet profit for the latest year is The other shareholders in as a toint venture by Boral necn decided. $28,534 higher at JS7U.89J Eastern Nitrogen are Im and Mitsui. anticipate that the result for the full year (to De this would be a matter after taxes $646,660 (down perial Chemical Industries tion in the provisions tor tax.

for the local board. However, the parent com cember 31) will show of Australia and New Zea As already reported, con The savincs bank results land Conzinc Riotinto pany (Borg-Warner of better than a "meagre' profit. solidated net profit rose by' of Australia Ltd. and Mitsui improved again, but its provisions for income, land and other taxes were also lower. and Co.

Ltd. $65,210 to equal to 17.8 per cent on paid i-mcago) had never been more confident" about the Australian company's future. However, the recovery is expected to gather pacej ICIANZ will remain the capital (previous year, 17.5 The only other bank yet majority shareholder. He disclosed that the par years when the Conservatives were in office. per cent).

to report for the June 30 Boral participation in ent had arranged for year, the Commercial Bank of Australia showed a And another remark oi loan tunds to be injected into Borg-Warner (Aust.) to Dividend is held at 10 per cent with a final 5 per cent, and will absorb $1,700,0001 the ammonia project was conditional on the use of gas from its partly-owned subsidiary. Petrochemical Holdings being used as smaller prom increase man of Mr Pryke is con improve the companv hqui (unchaneed). in the previous tnree years, sonant with what both dity and assist expansion. Consolidated tax provision The C.B.C.'s annual re Mr Wilson and Dr feedstock. He believed the company would grow at a faster rate than the Australian motor Balogh had alleged con port shows that net profit of the trading bank rose by As a result of the de IS (down 45U, 199).

DEPOSITS cerning their predeces-j tiiriiiri'iaiilli fiMMirtmBTMMiMtaajai urn imm immrnm cision to locate the plant at S36.676 to 52,563,216, after industry generally. sors: Newcastle, this will not now tax-s of $1,943,917 (down The managing director. Mr J. H. Incersoll.

said the be feasible. "Nobody in Whitehall has any influence any A slatement from ICIANZ Amounts written off bank company was undertaking a This profit includes an un 71 percent on the decision says that premises tolal $200,000 (un 7 chanced dividend of $400. more, Mr Pryke said. crash program of development of a new Australian- chanced) in the group profit since rebruary (when ihe per annum percent per annum (4 year term) 000 from the savings bank. (6 year term) four companies announced throughout 1967, and directors are confident the profit for that year will be good.

In a statement released late yesterday, they said the company's expansion program had involved additional com of staff training, plant depreciation, and expenses relating to research and development and the introduction of new products and equipment. PRODUCTS A number of new products were now being delivered to customers and results would show a progressive improvement. The company's products have met with the enthusiastic acceptance of customers and a large total of forward business is on hand." Discussing the company's position and prospects in Sydney yesterday, Mr L. G. Porter, chairman of Borg- and a dividend of and loss account.

Transfers to reserve funds are "The members of the Cabinet have none. Mr desiened axle. The companv would sup the Silverwater project) de Unsecured netn on the bank's 40 per cent shareholding in Commercial tailed studies of alternative processes- and plant sites $900,000 (down The trading bank's de ply these axles to General Motors and Ford in South and General Acceptance 51 mg percent have been carried out. posits stood at $58 1.6m at 6 Africa. 3 4 Ltd.

(up Wilson has none. If you are looking over your! shoulder all the time at the gnomes of Zurich and the City, measures Discussions have taken For the vear ended De percent per annum (2 year term) LdW CL annum It these dividends are ex June 30, a rise of on the figure a year place with prospective engi (1 year term) cember 31 last, Borg-Warner eluded, the trading bank's neenng contractors in Advances were $21. era operating prom is i (a fall of Europe, Japan and the U.a, which you might take (Aust.) earned a group net profit of $895,000 (down 14.3 per cent), returning higher at The savings bank's de Dividend on the shares posits were up 11.9m at 14.5 per cent on capital Applications can be accepted only on the printed form attached to the Prospectus available from: Any Member of a recognised Stock Exchange in Australia, Any Branch of the Bank of New South Wales, Ail Branches of Associated Securities Limited. Brokers' Ofd, Minnett, T. J.

Thompson Partners (Members of The Sydney Stock Exchange Limited cannot be taken." ECONOMY held in Talcott Factors Ltd. fell by about $29,000 to S198.3m. Advances were Ordinary dividend was steady at 6 per cent, paid in higher at about $12,500, but this is Mt. Newman TOKYO. two equal instalments.

There is obviously The U.S. parent company The trend of C.B.C. results much force in what Mr Leading Japanese steel holds a 75 per cent interest. Pryke says. mills are divided over their Trading bk.

Savings bk. Dividend policy towards joint from CAGAGroup net Year lo profit, operating capital investment. But there is no doubt that planning was avoided." Dr Balogh denounced Keynes for having succumbed to the Treasury's laissez faire influence towards the end of the last war. He said Keynes "went to his death in bitter disappointment" at some of the subsequent developments. For the last 18 months Dr Balogh has been a senior Civil servant but attached to neither the Treasury nor the D.E.A.

As Economic Adviser to the Cabinet, he has been directly responsible to Mr Wilson. MEASURES How Dr Balogh views the various decisions taken under the appalling pressures on sterling may not be known for some time. About a fortnight ago, however, one of Dr Balogh's research assistants, Mr Richard Pryke. resigned and went back to Cambridge after serving only eight days in the Balogh team, and Mr Pryke made no bones about expressing his opinions: "It seems to me that the Government has failed to recognise that the pound is obviously overvalued at the moment," he said. "They should have recognised this and let the pound float downwards or devalue.

"The Government's action will create three-quarters of a million unemployed, or possibly more, and certainly more than the Government is saving." That certainly sounds consonant with what Dr Balogh was writing in development ot the Mounl profit June 30 aaaiiiiiflBBiiiiiaiiniiBiiHiiiiiiiitiiiiiiiiiiuiiiu Newman iron ore mines in The replacement of Mr George Brown as Minister for Economic Affairs is a political corollary of the economic decisions taken last month. It reflects the triumph of the Treasury view and the Bank of England view over the anti-deflationist cause that Mr Brown was spokesman for. Mr Michael Stewart's appearance at the head of the Department of Economic Affairs gives promise of more harmonious teamwork in the attempt to carry out the latest recessive proposals. Mr Stewart may be deemed good for sterling at a time like this. The Bank of England will think so.

POLICY The triumph of the Treasury-Bank must be a matter of profound feeling to some of Mr Wilson's specially co-opted economic advisers like Dr Thomas Balogh. In a witty article he wrote seven years ago as a contribution to a hook called "The Establishment," Dr Balogh flayed the system of recruiting the non-expert, "the crossword puzzle mind, reared on mathematics at Cambridge or Greats at Oxford," into positions of economic policy making. He said the Treasury was The Mandarin's Paradise. He bitterly endorsed Mr Wilson's remark about the Whigs. "The sage and mellow influence of Treasury," he said, "has resulted in five or six crises, reduced the rate of economic growth below that of any major European country, and continues to stifle The life and death of the growth-men has been a dismally short story in Australia as well as the U.K.

They should not have suffered such an Western Australia, the Fuji Iron and Steel Com prom 1,278.960 1,334.174 1.384,572 1,656,246 1.726.540 1.683,216 1,878,102 2,032.070 2,179,324 2.817,704 2.968.898 3,034,108 254.400 296,800 315,664 336.672 400.000 480,000 344,742 401 ,094 479,088 824,786 842.358 870,892 1961 1962 1963 1964 1965 1966 pany said todav. B.H.P.'s record monthly output CHOICE INDUSTRIAL I SITE I ruji continued receipt ot formal reply from the eclipse. Mr Wilson is not a bold economic statesman Excludes dividends from savings bank and from CAGA. All figures after tax. He is all tactics but no 2J ACRES I PADSTOW Most of the increase came Australian-American consortium which virtually rejected Ihe Japanese terms for the joint development to supply iron ore and pellets to Japan.

strategy. from the Port Kembla LOT A GOW ST. (Sign erected) works. The Broken Hill Pro-pritary Co. Ltd.

produced more steel in July than in any other month in its history. He inherited a difficult situation, but was fully me lotai output com All services, tsj Excellent level site reedy (or development. Class Industrial, good labour pool. Ihe consortium declined Mining shares turn down prised 313,817 tons pro- aware ot it. His own a Japanese proposal that thejj Improvements were shown early mistakes have doubtless brought dispro could take years, despite thi Some of the glow left AUCTION SALE: 16h August, 1966.

Further drlalh contact INDUSTRIAL DEPARTMENT, "Hooker House." Ancel Place, SYDNEY. 2I 840I or BANKSTOWN OFFICE. duced at Port Kemhla (up 17,574 tons): 140,067 tons at Newcastle (up 1,727 tons); and 48.044 tons at prices of iron ore pellets to he supplied from the Mount Newman mines from 1971 should be 18.5 United States cents per one per cent of Japanese interest. the market yester portionately severe pun almost all products, with a particularly strong rise in output of the plate and strip mills. M.K.U.

stood out with a Whvalla (up 427 tons). ishment. But if he had really wanted to get awav day as a widespreaa reaction knocked levels in the recent glamour stocks. The Port Kembla output 42c 'drop to $3.03. Ferro content in one dry i a i 7 v.

a. i ia comprised 62.5 per cent of from Treasury dominance aieei ingot output was 501,928 tons, a rise of W.M.C. and Consolidated Rutile were among the Uranium issues, after he would not have sue group production in July, against 61.4 per cent in long ton. The consortium refused to alter its position that thea price should be 18.8 cents.S Wednesday's speculative rise, other issues losing some of 19,728 tons on the June figure. cumhed so easily to some June.

UMITSD Auitralia't Leader in Real Bttat, dropped yesterday when the of his party's shibboleths at the very beginning of their earlier gains yesterday, whilt coppers slipped further. market recognised that any revival of the industry Fuji said. (A.A.P.-Reuter) rMiiiiiBiiiGuiiiiiGiiiiBiieaaaB39niaiinnn May (tons) 235,351 his term. Coke If he hadn't lipped Pig iron 377,671 pensions, talked expan Steel ingots 484.666 Bloom and slab 418.615 Heavy and cont 202,733 June (Inns) 232,389 390.416 482,200 423.210 210,264 155,427 102.823 38.140 34.784 19.784 899 10.757 10,757 Plate and strip 143.454 July (Inns) 238.925 418.000 501,928 444.513 226.930 179.208 107,179 38,723 33,101 21.327 1.023 10,737 10,737 sion and announced nationalisation of steel in the first weeks, he need not have been turning on the dreary unemployment machinery today. Kim," "fl Merchant mills 104.746 Rod mill 38.490 the "New Statesman" and elsewhere during the "Custom Track Service has extended the life of the track gear and reduced downtime Cold roll mills 35,546 Tinplate 20,618 Steel foundry 841 Iron founries 9,455 Iron foundries 9,455 Includes feed for tinplate plant.

Union Carbide Union Carbide Aus- 21.2 to 30.2 per cent, on average ordinary capital increased bv a one-for-ten tralia Ltd. is lifting its SHARE PRICE INDEX Jan. 4 Aug. Ill Aug. 11 Banks, etc.

Ili7.f9 Ifil.OI I HI Other fin. 477.4J 512.10 510.19 Pastoral 2811. IA 2.W.78 239.23 Steel Eng. 4nft.20 493.00 492.01 Retailers 3A2.H7 346.24 344.75 Base mels. 1129.36 1274.51 1264.95 Investment 289.50 290.64 289.82 All 324.27 331.16 330.01 All-time high, 379.21, Feb.

27. 1964. Melbourne 103.92 106.17 106.08 Sugar (Old.) 122.77 118.39 117.62 1 ordinary dividend from MELBOURNE 'CHANGE 10 to 12 per cent alter a bonus issue durinp the year. The latest result is after tax $1,025,625 (up $43,039) by about 50, says earthmover Mr. Ron Robson Ace 9c; Goulb TV 1.05: Grace1 41 per cent jump in consolidated net profit for 1.72: Grfv 72c: Hallrli Harvest SOri Hallum Uaiinhinn and depreciation $1,492,514 (up the year ended June 30.

tie; nenacison 3. tar. Hoad- Oil (Old.) 114.94 152.32 153.36 Nrt aw. levs 1.42. Earn, rate The profit is up by Italinno 1.85: Janues 1.27; Jav- $437,030 at $1,503,196.

nth 17c: Knv 45t: Kilmlrifvi fiiV' KinRs Park 4.1c, Limes 1.27: Lawr A Lawr I. IBs Leviathan Final ordinary dividend lifted from 5 to 7 per MAIN ROOM: Adams 1.08: Add Steam 72c 73c; Amal Chem 75c; AWA 1.9S 1.97; Amnol 69c 70c S9c; do def 60c 59c 60c; Ansel! 70c do new 67c: ARC 1. 10; APCM 1.50 1.51 1.50; Ass Pulp 1.52 1.5.1; Aust Chem 1.77; ACI 5.6S 5.62; AOC 1.48: A C.yp 1.52; A Ccm 1.36; do ct S7c: AMI 4Sc 47c 48c; AN I 36c; A N'print 3.60: ATM 1.60 1.59; do new 1.54 1.55; Bank NSW 5.211 5.22 5.20; Barrett 2.90; Itayvjcw 1.10; Hell Bros 1.32: I1MI 1.50: Boral 1.90 1.8R 1.90: Bradford 57c: Brick Pine 1.02: Brit Tob 2.31 2.29: HHP 6.30 6.38 6.30; Broons 51c (soc); Brack 70c 71c: Buck Nunn 1.18: Vmr to June 30. Iifil 192 I9M IQfid 195 1966 profit 694.944 374.4S6 65.066 i.ow.ihe 1,50.1.196 I. Mi; LM) 15c: Inhn CTnrH 1 ON London 61c: McDonald 33c; Mc- STERLING FIRMER Sterling closed In London on Wednesday al SIJS2.

79035 to 1 (Tuesday. SUS2.7S9I5), cent. 15.0 17.7 21.2 30.2 l.YJS: Wen-it IK Earning rate rises from Manlitints 4c: Mfirrlckville 1.08; Mr Whinny 28c: Moiilmlk 75c: Mut uw nc; inowdoiii i. (Mi Nilscn I'iir Hrntv l.ftll: I'nupncc i.iv; mnco (ic; 2.ft T'ict I I.ftfi: Pincr 2.44: Pins. Burns Phllp 4.15 4.14; Bus Fuuip tiilon 10c: Portfolio 9flc: Prldham SHARE PRICE VARIATIONS cue; Knmsny I.4M Kiivmond 25c: Recce 48c: Rhodes 57c: Richard- 2.52; CambriilRC 64c: Carlt Brew 4.54 4.50: CUB "7." (3.65 .3.63 3.55 snc) 3.70 3.64 (spc): Carp 2.52: Carrier 56c (spe) 57c; Chamberlain 1.45 1.46 1.45: Coal Allied 1.71 1.711: Clyde 90c: Colin sons 4Hc: Kocktf 71c; Rowe 1.08: Rowlands 71c: RVB I.

.10 1.28 1.27; Schnheld 47c; Sec Cent 4ci Selby RISES: Investment, 107; Mining and Oil, 22 i. mi; Minion 1.15 1.65: Coles 1.36 1.35 1.36: CSR 1.17; ex 2(c: Soltworsd 2-fiO; S3 3.01 $3: CBA 2.10; CAGA 1.57 (spc) 1.56: C1G 2.65: Con- Cmw 15c; Supertax 40c; Sutra 2Hci Swan 60c: Tas Board 46c: cinds 35c 34c: CHI 70c: Cons Ors Tas TV 1.48: Timlcy 1.70; Tour l- 4lK: vcalls 1.15; VIA 35c; Vic Ins 2.30 2.27; Vic RVast $2 2.05; Vic 35c: Wang W1 2.05:i W'bool 1.40; Water Whl 96c: 8c: containers 2.75: cos 7c 6c; Cust Cred 82c; Cyclone 1.09 I.Ofi: Davles Coop 29c: Dodds 1.03 DHA 1.89; Dunlop 1.35 1.31: Ed ments 40c: Elders 2.44 2.43 2.45: A. PA Aldershot Allied rts Amal. Chem. Eric Rob.

Ansett Assoc. Pulp Assoc. R. A. Racon new Aust.

Gas. A. P.M., new Willis 1.05; Windsor 78c: Winter- Elect 90c do 71c 70c: Email bottom use: WriKht 8lc. MINING: Ahrrfov 2 42: Amnol 44c: EZI 2.59 2.58; Factors 13c Fairfax I 2.30: Fed Hot 21c: Fel Test 54c 53c: Fire FiBhl 75c 76c: En 1.1.1 (pc 1.12: Ardlethan 84c (spc); A AO 50c; do 20c pd 13c: A Frcnev 30c; do 80c pd 16c: AOG 2.65 2.ft7; 8H South 2.64 Frciphters 49c 48c 49c do new 45c: rrarte 64c; Gadsden l.KIl: Totrs U.S.A. Gen Cred 55c 56c (spcl 55c: Gen lads 1.30 1.29: Gerrard 2.85: C.lh Kel 80c 82c; Oipps Cem 56c 58c (spcl: Glen Iris 55c; Gold Poult Auto.

G. Fin. 2.66; CM I 2.70 ons Rill 1.78 1.64: CRA 5.38 5.48 5.38 5.36; 13c; Frit moil 17c GM Knlc 1.20 1.19; Gl Ronlder 68c: Green- Ha H. notes 85c 82c 86c 85e: do new 83c 82c: bnshes 55c 56c; Hill 50 25c: Goliath new 1.75: do lis 66c 68c 67c: Gwtch 2,10 2.12 2.10; GUn I Slate 72C 71C 70C! KIN 2.1B Z.ZU: l.oloma 1.87 1.85: Met Ex 67c: 3.25. Rig Sister B.

Warner It'wnrks Rriscoes Rroons Bus. TouId. do 35c pd 5lc 52c; Mt lsa 4.54 Seaklst 1.28 .05 South Ship 40 .03 Speedo 93 .01 Stack 13 .01 Statham R. N. .68 Strata 24 .01 Svmonds 18 .01 Tancrcd 1.35 TV Corp 2.75 Testile 59 .02 TNT.

115 .02 Tooth 5.16 .02 Tiillnch opts 17 .02 U. Carbide 4.05 .30 HE Box 1.22 .02 Viscount 58 Wehl A. 1.05 .01 Whale 42 .01 W. Mofflln nla. .37 .01 W.

Carson nts. 1.90 .10 York Mot. 71 .01 Ardlethan 84 .01 H. South 2.66 (Vbusbcs 57 .02 Metals Ex 66 .01 con 52 .04 Mt. Lycll 1.50 .03 NAV.

Tant 49 .03 J'ac. I.M 49 .01 Placer 23.80 .30 Uran. C. 20c con. .22 .01 W.

Titan, con. 1.37 .02 A. on 23 .01 A.O.G. 2.65 .06 Clarence 17 .02 Exoil 14 .01 Interstate 72 .02 l.ongreach 24 .01 Planet 39 .01 con 19 .01 Samoa 2.65 .05 Woodsld 92 .04 do. 10c con 69 .01 Fin.

G'lee 44 .02 Fire Fight 75 .02 new 70 .04 Gadsden 1.82 Hardie 4.98 .03 Harris. 3.50 .05 Hilton 83 .01 Hooker, L. 31 .01 A 49 .01 Hunter 1.7.1 .01 Intfrcap 30 .03 I B.C., rts. 10 .01 Ipec 90 .05 Isas 1.76 .01 Kingstvay 16 .01 Koilakl 1.35 Landmark 61 .01 Lanr. Alf 92 0: l.cmp.

O. T. 1.28 .01 L. Savers 2.55 .01 Lowes 1.05 .02 Maeq. B'cast 1.20 .0.1 Mascot 1.08 .01 Maine 2.77 .02 Meagher 88 .01 Mrggitt 1.02 .02 Merc.

Mut 3.55 .07 Metal Pert 1.35 .05 Motor 57 .02 Mould 70 .01 Music 72 .01 Myer 3.12 .0: N. Klrbv 84 .01 N. Muddle 47 .01 ODE 71 .01 Optical' 4.35 .05 Penfnlds 1.90 .04 Perm. 1. 15 .03 Pclers A.

rls. .84 .01 Pion. Su 2.23 .01 I'uKllshcts 2.35 .01 Rrcd 1.53 .01 Rich. TV 71 .02 7.I5 xa .70 .04 .90 .01 .76 .01 .11 .01 1.19 .01 .71 .01 1.53 .03 .22 .01 1.53 .03 1.43 .01 1.07 .02 1.54 .01 1.66 .06 1.69 .02 .75 .97 .02 .93 .01 3.80 .05 1.85 .05 7.06 .01 .73 .0: .52 .01 2.54 .05 .58 .02 1.13 .0.1 .90 .0. .06 .01 5.15 .15 .91 .01 2.65 .01 2.75 .05 .30 .01 .75 .07 .43 .01 1.89 .02 .82 .02 1.72 .02 2.45 .01 1.30 .02 .91 .01 .23 .01 .54 .01 1.85 Hurdle 4.96 4.98 (spcl: Heallnc irm nz nerain niein 4.47 4.45: Hilton 82c: Hooker 30c Carrier Cemac Cent.

Rally. Chevron 31c: Humes 2.46 2.45: Huttons 1.02: IAC 90c B8c: ICI 3.90 (spcl 3.88: Ind Eni 1.46: Int Res 1.05 1.03; Johns Wav 1.60; Jones Ml LTl I.4H I mt Morjtan 2.63 2.65: New BH 4.82 (spc) 4.80 4.78; NAUC 1.10 1.08: North BH 3.65: Kalt 75c; NW Tnm 48c; Oil Sch 14c: Rent-son 7.80 (snc)i do 38c pd 6,80: Wcsl 5.90 5.92 5.78 5.80 do def 5.R6 5.74 5.761 THan 2.15: do 10c pd 1.36 1.38 1.37; Woslral 4'Jc: Wood-stdc 90c 95c 92ci do 45c pd 82c R4c Rle 82c: do 10c ml 68c 71c Choiseul r-KHi. 1. 351 Jones 3.48 (.1.42 3.43 spc): Kauri 25e: Kelvlnnlor 1.90: l.nm C.t.O Containers ion 1.72; Lcifiluon 83c: Lemp OT it. coop Dawson.

A. 3. 1.Z7 Luke 1.65: Lysaent zal Mcllw 1.15: McKay 1.401 Mac-Rob 1.35: Marlow 95c: Mauri 2.08: 69c; AOD 22c; Allfnnce 10c; Amain und. JsatsT3 rC Xc, rlLS" Ks JWC pel nci HO i'jc no jc; Hcnch 40c pd 26c; Norse Gt West 5c 6c 5c: Hampton 32c 5Qc llr: Knlh Inv 2.55 2.62 2.58: D.H.A Duncans Fd. Dunlop Eld.

Mayne Nick 2.75; Melb Co-op 3.22; Metro 1.32 1.30: Miller RW 1.6S 1.63: Mlmlrlll 1.20 1.18: Minster 2.98 (spc) S3: MIX 8.16! Mobile 47c: Moore 1.22 (spc); Moran Calo 1.45; Morris 7.50; Motels A 82c: Motor Sp 57ei Mould Prod 70r: Mver 3.12 do 20c pd 2.10: do new 2.45 2.50 Fairvmead Parlev rls. Fed. Hotels i.l l.BKC view 23c; Mary Kath 3.20 3.10: MM Fast 40c pd 29c Jlct Nth Deb 13c 12c; do cl 6c: Oxide 7c; PaHno.i Planet 38c 37c 38c: Felt F.CA 3.10 (spc): Mytlons 1.62: Nat Baa 1 5R: Nat Bank 1.87 1.H6: mat Com 2.32! NKS 2.10: OOB 71c: Caterpillar owners on a "No-Charge" basis. With the information in front of you, you can make better decisions about undercarriage care and repair. Call now.

FALLS: Investment, 108; Mining and Oil, 21 do 24c nd 16c I8- 19c: Ravenv Ihorpe 20c; Tableland 3.80: Timor 7c; United Urnn 56c 61c 58c: do Olvmplc 71c 70c: overseas si Paiersons 66r: Pekn Wall 2.45 2.42 Dvlup Perm WrlRht 1.15: P'vllle- 65c Mc: (spo 65c; Plon Cone 1.40; Preston 20C DO MC urnn von 20c pd 22c: Urnn Dev lOcl Uran Unlrt iKa nuecn 6c. 87c 86e 87c: Pvrol 26c: OKI E. A. Coffee Epstein IIH-'MAHISMI t.l't e. 3.55: do 3.000 3.63: do 2.50(1 3.64; l-airlax.

J. Fovs in iO.nnn 1 TRA 3.500 5.38: Freighters Gotch 3,000 2.10; Jone 1.000 Press $5: Repco 2.11: Rocla 190 1.85: Rothmans 2. 81 2.80: Gchweppes 1.78; Sllverton 2.82: Sleigh 56c (spc) 57c: Smith A 2.75 2.70 2.72: SA Brew 1.69; Steamships 1.09: Stramlt 1.17 1.16 1.15 l.IJi STP 94c 91c: Sun P.lecl 93e: Swan 2.70 2.68: Tarax 1.33: new 1 Ait ffn Aim 143 i inn in iv WRITE FOR FREE INSPECTION Waugh Josephson Pty. Limited, I Mitchell Road, I Gen. Cred.

2.500 1.05: Steamship new 10.000 1.05: iinsiey ii.uuw i.on, miwi in nnn od Alexandria, N.S.W. THRNOVF.Rl IndnsirlaU. Collin Hanimex Harb. L. Herald Melb.

Humea Huttons. "We storied Custom Track Service approximately two years ago and, since we have, 14 pairs of track have been reconditioned. "We were unable to determine the right time for turning the pins and bushings on our own and therefore we used to run them to destruction, which in turn cost us several hundred hours in life of the track." Today's tractors work harder, faster, and produce more than those of previous years. Compared with the increased earning capacity, the cost of track care is way down and such care is your assurance of continued high production and machine availability. Waugh Josephson's Custom Track Service Specialists will help you set up a realistic track care programme tailored to your needs then follow up to do much of the detail work such as routine wear measurement of all undercarriage parts.

As Mr. Robson of Gosford said 'This is an important service for our organisation and we have all our 1 1 Caterpillar track machines inspected regularly. The saving in downtime is considerable and the recommendations most helpful. For instance, Custom Track Service Technician recently advised us to postpone reconditioning of the tracks on one of our D9's which saved us 200 hours in track life." Custom Track Service an 8-point service is offered to all 588.234, value Oils TNT 1.34 1.35: Tooths 5.16: Toppal 9Sc: Turner 23c; Valentine (.31 1.291 Veh Gen 35c J6c 35ci Vickers 1.50: Vulcan 1.2J: Waltons 1.20 Please have your Custom Track I Service Specialist call in unit us 144.550 $62,218: Mlnln. IM.5VS.

$251,227: TOTALS 861,359 A.R.C. A. Lemon Adams. V. Adel.

Sleam Allied Mills A.W.A And. Seeds A.P.C.M. A.K. Cement A.C.I A. Gen.

Ins. A.M.I A.N.I A. Optical A. P.M Auto. O.

Tnd. Bk. N.S.W. Bell Bros. B.

Bryant Blslev R.M.I Boral Brad. Coll. Brad. Bros. Brambles Brit.

Tob. II i.A.C 1.17: do nts 1.14: Watts 60c: Wes 569i eonas i3Ullv. free Custom ton 93c 92e: Wllke 1.901 W'worlhs 1.30 1.29 (spc): Yarra 64c: Yell Ptn 1 10. 84r. arrange a time for Track inspection.

lnstrol J. Mitchell Kelvinator I vsaeht, J. Mac. Rob. SECOND ROOM: Adams Wm J.16: Adel Cml 2.021 Adel 78c; do new 73c; Al Disc 71c: Aldus rsame Stock options Malco M-ville .56 .04 .29 .01 .42 .03 2.30 .01 .32 .01 .49 .01 .43 0 5 .55 .01 .73 .01 1.38 .05 .42 .03 4.47 .03 2.45 .05 1.02 .01 .89 .01 .50 .02 1.40 .02 1.90 .02 2.41 .02 1.35 .15 .82 .01 1.06 .01 2.06 .02 .31 .01 1.IJ .01 2.80 ,09 1.63 ,06 7.50 .10 .70 .03 1.13 .02 2.85 .01 1.02 .01 .58 .02 1.20 .08 1.14 .01 1.48 .02 123 .02 2.42 .04 .64 ,01 .90 .09 1.40 .03 3.45 .02 1.11 a.

Pvc 1.13 .02 O'land Ins 4.10 Repco 2.11 .01 Rlgnevs 58 .02 Rothmans 2.77 .03 Sands 2 90 .05 Sleam 1.08 .01 Swans 1.48 .07 Trrloar 1.30 .05 United Tele 37 .03 Waltons 1.17 .03 do new 1.12 .03 Watson 1.43 .02 Wells 1.68 .02 Westneld 94 .01 Weston 91 .01 Mofflln 38 .01 Williams FW 3.93 .01 W'worihs 1.29 .02 do prop pref 97 .01 W'worths NZ 1.J5 .15 Young JB 1.75 .01 Cons Rntlle 1.65 .12 CRA 5.18 .08 Kathleen 2.37 ,15 do new 2.45 ,15 do con 2.10 .10 MKU 3.03 .42 Ml Morgan 2.64 ,01 Mt lsa 4.30 .03 NAUC 1.08 .02 North RH 3.65 .03 Shaw River 39 .01 Tableland 3.90 .05 Unit Uran (0 .05 do con 29 ,06 WMC i.10',. .20 do new 5.70 .20 Wyont 2.70 ,05 Ampol Px i. I 12 ,01 Assoc Oil 50 .01 A Freney con .15 .01 YV'aJd 45c coe 2 16 .72 1.76 1.98 .96 1.52 1.36 5.62 2.85 .47 .36 .26 1.59 .07 5.22 1.33 1.07 .58 1.50 1.90 .56 .68 1.72 2.28 6.32 4.12 .45 3.72 2.31 .17 .60 1.69 2.20 .34 J.63 .87 J.J3 1.00 .33 .20 141 3.80: Allen 1.60: A Mills A R'cait 3 05 2.10: Au Oatr 1.24; Mauri I SIX-MONTH CAI.UJ A Bacon 1.531 Aust Corpn 3.9?: Amn flen 7e Act Rail Welch Cons. Rntlle 1.74 .22 .17 I I I 4C! Beecham 60c: Rcndlx 89c IRoi Rnrrv llei RlnkUlnn 29c: IntcrstRte N.A.U.C. 1.0001.10 .1414 i-miD McDonald I.

Millaquin Miller. R. W. Morris. P.

Moieliera Myer. pref. Newbold Nuttall Board 56ci Bonvllle 42c: BCH O.M.O.. con." 5.0K1 .48 Camclec .09 .12 .21 un led uran. -uiu fc: uraemar 4nct uramac inc; Brash 65c 64c: Rrcnton SOci C.IJ.B.

Phone I Woodslde 400- .90 R. W. THREE-MONTH PUTS Briscoea 73c: Braille 1.95: Bryson 1.75; C'malne 1.38: C'malne 6.141- Cellulose Met Cemac I. 5: Ofr aft pMrt Cofi-ptrto Ptafo Cons. Rutllo J0D-t.

do. 80OI.7O Qjey Srd Sci Coates 65c: Col Oas .13 .14 .10 o'Oonnell. O. Olims O'Neill. F.

WAUGH JOSEPHSON PTY LIMITED Woodslde con 800 .82 i.ai uric- 2.25: commnoore nc; Cook 8 1.51) Coltees 4.34: Cranvat 40ei OMIknlt 1.17: ashen Clark, Fred Coal All. C.B.C. Cone. Ind. Cons.

Met. Cons. Milk Cons. Press TV Courts ulds Crosby I.JJi Cirrrle 60c: Ulmaco MITCHELL ROAD, ALEXANDRIA, SYDNEY. 'PHONE t663t.

Branches Cmberra 90211t Cooma 2 1588: Grafton 1892; Gunned 326; Inverell 1400; Psrkes 622066; Wassa 5U37. Depots tt Bathurtt 2874. Griffith 1353; Morse 208 Wee Wm 234; Wollongong 2 6622) Tumut 724 xt 206. P.G.H Peki. W.

P'vllle P'ford Plon Com TRACTORS, MOTOR GRaDE'rtS. TRAXCAVATORS, HRTHM0V. (KG EQUIPMENT, INDUSTRIAL ANO MARINE DIESEL mmiX OFF-HISHWAY IBUGIO, IMCtOt SCRAPERS. 60c Bv 2.701 Ensign Emu tue :::.) 81X.MONTI1 PUT BellamM 5001.85 .19 Traded on Sydney Slock Eg-change. No options were traded 00 Mel-bouioe Slock Esxoania, Lt Equity 4.50i Fltwear 20c; 1.751 T4CI riexurivr piper D.A.C.

WJSMtSSJ fostw Ml Pofler 48ci Ftoj OajPror Tnd Ounlca i.vi l.iwi cain i.jui uipps.

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Pages Available:
2,319,638
Years Available:
1831-2002