The Business Times, 18 April 1977
1977-04-18
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The Business Times
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Title Section10 1977-04-18 1 BUSINESS TIMES M.C.(P) 300/1/77 MONDAY, APRIL 18, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article71 1977-04-18 1 Reuter ZAMBOANGA CITY, Sun. A referendum on a plan to turn 13 southern provinces Into an autonomous region ended here today without serious incidents despite a boycott by the main Muslim rebel movement. Christians and Muslims went to the polls peacefully as the military stood on full militaryReuter - 71 words
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Article76 1977-04-18 1 AP BRUSSELS, Sun. Some six million Belgians voted for a new parliament and provincial councils today. Whatever the outcome of the vote, the results are likely to follow the trend towards greater sectionalism in this small country. In Brussels alone, the 454 candidates for 34 Lower House seatsAP - 76 words
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Article74 1977-04-18 1 UPI ANGKOK, Sun. Thai security forces today said a newly completed road built with Australian aid was Insecure and cut short a drive on it by Australian Foreign Minister Andrew Peacock. Reporters travelling with Mr. Peacock said he was to drive 51 km of the 103-kmUPI - 74 words
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Article52 1977-04-18 1 Reuter SALISBURY. Sun. British Foreign Minister David Owen early today reported further progress towards a Rhodesian settlement after more talks with Rhodesian leader lan Smith. He announced earlier that he will fly to Angola today for a meeting with the leader of the Marxist Government there. PresidentReuter - 52 words
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Article73 1977-04-18 1 Reuter LUXEMBOURG, Sun. Common Market Finance Ministers will draw up a joint Community position for major world economic meetings in the next three weeks when they meet here tomorrow, informed EEC sources said. They said the main Item will be preparations for the economic summit in LondonReuter - 73 words
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Article57 1977-04-18 1 Reuter TEL AVIV, Sun. Mrs. Leah Rabin, wife of Israel's Prime Minister, was today fined 250,000 Israeli pounds (5567,700) after admitting in district court that she had violated foreign currency regulations. Judge Dov Levin offered Mrs. Rabin the alternative of serving a year's imprisonment, but her lawyerReuter - 57 words
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Article66 1977-04-18 1 UPI NEW YORK, Sun. New negotiations will be held here tomorrow to end the three-day-old strike by 35.000 longshoremen against seven major container lines, it was announced yesterday. The strike, which began on Thursday, involves ports from Maine to Texas, but so far only one port onUPI - 66 words
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Article47 1977-04-18 1 Reuter DACCA. Sun. Monsoon floods have hit northeastern Bangladesh inundating more than 130 sq km. newspaper reports said here today. The daily Ittefaq said the Brahmaputra and the Khowai the region's two major rivers had overrun their banks after last week's heavy rainfall. ReuterReuter - 47 words
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Article48 1977-04-18 1 Reuter SALISBURY, Sun. Rhodesian and Zambian troops exchanged fire across their Zambezi River border today, the Rhodesian government reported. A communique said that the Zambians started the shooting but no Rhodesians were hurt in the brief clash in the Kazungula area, near Victoria Falls. ReuterReuter - 48 words
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Article57 1977-04-18 1 Reuter AMMAN. Sun. King Hussein of Jordan left here today for a weeklong visit to London for talks with British officials on the Middle East situation and bilateral relations. His visit precedes a planned trip to Washington for talks with President Carter on the prospects of aReuter - 57 words
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Article117 1977-04-18 1 THE following list of stocks gives the 10 most traded in on the Stock Exchange of Singapore last week. It gives the turnover in thousands of units, closing prices on Friday and the high and low for 1977. Company Turnover Prices High Low •ow Apr 15 1977117 words
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LOCAL STOCK INDICES
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Article99 1977-04-18 1 Apr 11 Apr 12 Apr 13 Apr 14 Apr 15 ft B.T Index: 256 84 256.58 260.51 264.31 262 75 Industrials: 247 36 246 68 247.97 248.27 247 91 Finance: 424.57 424 93 426 19 427 63 428 17 Hotels: 157 98 158.02 158 02 158 41 158 5599 words
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Article103 1977-04-18 1 Apr 11 Apr 12 Apr 13 Apr 14 Apr 15 B T. Index: 201 87 201.78 203.16 206.44 206.23 Industrials: 271 86 271 32 271.88 272 65 272 31 ■> Finance: 351 94 352 84 353.73 355.41 354 91 Hotels: 171 99 171 99 171.99 171 99 171.99 Properties:103 words
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1249 1977-04-18 1 TERESA LIM - FEFC MUST RESCIND 13.45 pc HIKE By TERESA LIM THE Federation of Asean Shippers' Councils (FASC) Is likely to maintain a hard line at tomorrow's meeting with the Far Eastern Freight Conference (FEFC). It is not expected to budge from its demand that1,249 words
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810 1977-04-18 1 INVESTMENT commitments, totalling $165 million made last year by established and new firms here will begin to pay off from this year for Singapore's electronics Industry. Mr. Brian Lee, secretary of the Association of Electronic Industries In Singapore said that investment In additional machinery by810 words
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360 1977-04-18 1 Reuter LONDON, Sun. The Bank of England believes nearly half the potential volatile element of international reserve holdings of sterling has been removed through the overseas takeup of its foreign currency bond offer, British monetary sources said. Britain classes this volatile portion asReuter - 360 words
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Article96 1977-04-18 1 GENEVA, Sun. Plans for a meeting here this week on the future of an international agreement regulating world trade in textiles have been temporarily shelved because a major participant, the EEC, is not ready for talks, official sources said. > The Community has not agreed on all96 words
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261 1977-04-18 1 A CANNY bit of investment in a 5' 2-hectare piece of land bounded by Jajan Tuanku Abdul Rahman and Jalan Kuching appears to have made the Malaysian National Corporation, Pernas, a handy capital gain of Ms 42 million. A recent issue of261 words
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Article43 1977-04-18 1 Reuter PARIS, Sun. Proposals to add between US$lO and $20 billion (5524.6 to $49.2 billion) to the depleted resources of the International Monetary Fund (IMF) are likely to be approved in principle later this month, informed sources said last night.Reuter - 43 words
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408 1977-04-18 1 KUALA LUMPUR. Sun. All four of the British tin companies in the London Tin group will be back in Malaysia in June, bringing to virtual completion the scheme under which New Tradewinds will head the largest group of tin mines in the world.408 words
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184 1977-04-18 1 Reuter MANILA, Sun. The United States wants to continue maintaining close relations with the Philippines. two top American officials said today. Mr. Richards Holbrooke. US Assistant Secretary of State for East Asian and Pacific Affairs, arrived here on a regional familiarisation tour and inReuter - 184 words
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Page 1 Advertisements
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Advertisement64 1977-04-18 1 r r/coh] for plain paper copying *****33 VM IVywy Private Limited a responsible company 39th Floor Hona Leona Buildina Sinaaoore 1. INSIDE Leisure/ TV Radio/ Crosswords Leisure Features Inter Co. News/ Overseas News Local Co. Newt/ P 2 Share Information P 6 P 3 Overseas Markets P 7 P 464 words
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Advertisement123 1977-04-18 1 NCD? ACBC makes it easy. When you require Negotiable Certificates of Deposit, you'll find it easy to talk to the people at ACBC. ACBC offers high interest rates on NCD's, for minimum deposits of $100,000, on fixed periods of not less than 3 months. ACBC has the resources, experience and123 words
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Advertisement265 1977-04-18 1 NOW Cool healthy pollution i e e Onvirtg is POSSIBLE .mAßuenu COOL. /V\A S PUREACE CAR AIR CONDmONM AIP PURSER I©[ CHUNG SHAN MOTORS 5-11 GOLDHILL PLAZA Tel *****2 240 LAVENDER STREET Te) *****80 See Page 5 A word of warning to anyone about tobuya Colour TV Don't! Only buy265 words
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Article749 1977-04-18 2 A time for the professionals FOR those who remember the heydays of late 1972 and early 1973, the Singapore stock market must now appear Just a shadow of Its former self. After the "bubble" burst for which event the Prime Minister has claimed prophetic foresight there have been many false749 words
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REVIEWS
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Article, Illustration1224 1977-04-18 2 HILTON KRAMER - ART By HILTON KRAMER NYT FOR almost as long as anyone can remember, the English art movement known as Vorticism, which came Into existence on the eve of World War One, has been of greater Importance to writers and literary scholars than to painters, artNYT - 1,224 words
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Article975 1977-04-18 2 DENYS SUTTON - By DENYS SUTTON FT ARTISTS often make excellent letter writers and in this respect Michelangelo, Rubens, Delacroix and Van Gogh are outstanding. Such letters are generally read for the light they may shed on artistic procedures but often they contain much of human interest. Ruben's mainly dealFT - 975 words
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Article722 1977-04-18 2 CKT - MUSIC By CKT A SUNDAY composer like Alexander Borodin deserves being written abou In a Monday music cc mn. (Sneeze on Monday. -e for sloth.) What else about it that the guy was plain lai. Borodin took almost io years to finish off his Second Symphony722 words
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Article, Illustration3674 1977-04-18 3 D.G. HEBDIGE - By D.G. HEBDIGE Mr. Hebdige is director of Lyall and Evatt. MONDAY: At odd moments, I have paused to analyse the qualities that a successful dealer In stocks and shares must possess, and for a stockbroker, this is as good an exercise as any with which to3,674 words
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Article827 1977-04-18 3 C.P. SNOW - BOOKS By C.P. SNOW FT Christopher and His Kind: 1929-1939 by Christopher Isherwood. Eyre Methuen. £4.95. 251 pages RECENTLY Mr. Christopher Isherwood gave an 1 attractive and effective television Interview, In which he revealed a personality unassuming, amusing idiosyncratic, a personality which has won much affection from thoseFT - 827 words
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Page 2 Advertisements
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Advertisement202 1977-04-18 2 IBJ The Bank for All Reasons Long-Term Financing. IBJ is Japan s oldest and largest long-term credit bank. We are the leading bank in arranging yen-denominated bond flotations by both foreign and domestic issuers. Main Bank to Japan's Key Industries. IBJ is main bank to more of Japan's industrial leaders202 words
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Page 2 Miscellaneous
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Miscellaneous272 1977-04-18 2 RADIO TV SINGAPORE 5 3.00 PM Opening Announcements followed by Valar Pirai (Tamil Repeat) 3.30 Diary of Events (Tamil) 3.35 General Hospital 4.15 A Place to Live 4.30 Intermission 6.05 Opening Announcements followed by December Bride 6.30 News in Brief 6.35 Fat Albert and the Cosby Kids 7.05 The Wild272 words
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Miscellaneous612 1977-04-18 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Cover for eggs? (5) 6 Cassidy, for instance. Is some tradesman! (5) 9 Chap 1 except as a swimmer (7) 10 Measure of value (5) 11 Toothy weapon? (5) 12 Brotherly nourishment (5) IB Wooden coats (7) 15 Stone from a mine? (3) 17612 words
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Page 3 Advertisements
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Advertisement135 1977-04-18 3 HOTEL EQUATORIAL A perfect blend off all the qualities a guest looks for in a hotel M 9 »>»"> T f tA L i' y M Set amidst luxuriant greenery yet only a few minutes from the City's entertainment and business centres. Hotel Equatorial is a tasteful combination of luxury,135 words
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Advertisement265 1977-04-18 3 Dataprep/Data General Presenting Poof! It's AOS from Data General. An advanced multiprogramming operating system for ECLIPSE computers. That's as easy to use as a snap of the fingers. With intelligence that would make Merlin blush. So look closely. AOS can make time do tricks. By giving you the power to265 words
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Article, Illustration1439 1977-04-18 4 SOH TIANG KENG - The Singapore Government's policy is to stabilise the population at 3.5 million 53 years from now, reports SOH TIANG KENG SOH TIANG KENG ZERO growth this will be achieved by 2030 when Singapore's population touches 3.5 million. By then, the population "bomb" will be defused completely as growth1,439 words
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1033 1977-04-18 4 GEORGE HAMALUDIN - WIDE international support has transformed Guyana's principal industry. The only cloud on a bright horizon comes from internal political rivalries. in Georgetowr rßy GEORGE HAMALUDIN FT THE Guyana bauxite industry, nationalised for at least two years. Is now stable and successful enough for the mergerFT - 1,033 words
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Article1257 1977-04-18 4 JOHN EDWARDS - By JOHN EDWARDS FT THE LAUNCHING of a new I commodity futures exchange anywhere is a fairly rare event. But for Britain there should be even greater Interest than usual In the planned Hongkong Exchange due to open later this month or early May after anFT - 1,257 words
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Page 4 Advertisements
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Advertisement123 1977-04-18 4 Cairo, Copenhagen, Amsterdam London Departing' every Tuesday &Thursday Other PIA Destinations: Abu Dhabi Athens Bangkok Bahrain Baghdad Bombay* Colombo Chitral Dubai Doha Dhahran Damascus Dacca Delhi D.I. Khan Frankfurt Gilgit Gwador Hyderabad Istanbul Jeddah Jiwani* Kuala Lumpur* Karachi Kuwait Lahore Lyallpur Manila Muscat Multan Moenjodaro Nairobi New York Nawabshah Peking123 words
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Advertisement11 1977-04-18 4 I I jT™ More than ■tlx iUBta fc— WOMAN'S WORLD MAGAZINE11 words
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OVERSEAS
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435 1977-04-18 5 Reuter PARIS, Sun. The US Government Is coming under pressure from Its Organisation for Economic Cooperation and Development partners to back the OECD's 20 billion Special Drawing Rights financial support fund more wholeheartedly, International economic sources said. At a meeting of OECD headsReuter - 435 words
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320 1977-04-18 5 UPI Reuter WASHINGTON, Sun. If the United States turns to protectionism to help the shoe, textile or television industries, foreign nations will retaliate against other American manufacturers, Federal Reserve Board Chairman Arthur Burns warned yesterday. Mr Burns said It was 'difficult" to convince the countryUPI; Reuter - 320 words
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Article109 1977-04-18 5 Reuter PARIS, Sun. French unemployment rose to a postwar record of 1,002,500 seasonally adjusted In March from 972,400 in February, Labour Ministry figures show. The ministry gave no percentage figure but, based on latest population statistics, It is equivalent to about 4.6 per cent of the workingReuter - 109 words
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254 1977-04-18 5 Reuter ZURICH, Sun. Central bank governors meeting at the Bank for International Settlement* (Bis) next Monday and Tuesday may discuss a new scheme for monitoring international credit as well as picking up the threads of economic talks in Paris at theReuter - 254 words
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256 1977-04-18 5 Reuter BERNE, Sun. A spokesman for the Swiss Federal Banking .Commission said the commission knows of no further banks facing difficulties in the southern Swiss canton of Tlclno. He was asked to comment after Schwelzerlsche Kredltanstalt announced It may face losses followingReuter - 256 words
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Article124 1977-04-18 5 Reuter AMSTERDAM, Sun. Holland cut Its bank rate to 4'/j per cent from five per cent, effective tomorrow, the Central Bank announced. The rate had stood at five per cent since Jan 7. The promissory note rate will be cut to 5Vj per cent from six andReuter - 124 words
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INTERNATIONAL COMPANY NEWS
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Article481 1977-04-18 5 Reuter LONDON, Sun. Rio Tinto Zinc Corporation said pre-tax profit rose to £278.8 million (£153.7 million) on sales of £1.67 billion (£l.lB billion) in 1976. It declared a dividend of 2.78 pence payable on July 1, which brings the year's total to 5.96p (5.42p). The companyReuter - 481 words
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Article151 1977-04-18 5 Reuter NEW YORK, Sun. A US District Court has fined Chemical Bank of New York U*****,500 dollars after the bank admitted it had violated the Bank Secrecy Act involving cash transactions of $7 million. In asking the court to accept the guilty plea, assistant US attorney Mr.Reuter - 151 words
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323 1977-04-18 5 Reuter WOLFSBURG (West Germany), Sun. Volkswagenwerk said It has wiped out a huge deficit ana is paying a dividend for the first time since 1973. The supervisory board at a meeting yesterday recommended a dividend of five marks to the annual stockholders meetingReuter - 323 words
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167 1977-04-18 5 Reuter LONDON, Sun. The Stock Exchange and the Takeover Panel announced moves designed to tighten security In merger negotiations. They said companies should now make an announcement where negotiations have reached a point at which a firm is reasonably confident that an offer willReuter - 167 words
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182 1977-04-18 5 Reuter SAN FRANCISCO. Sun. Natomas said It had successful negotiations with Indonesia yielding revised new incentives for exploratlon In the southeast Sumatra contract area. Natomas said It will therefore recommend to Its partners an Immediate acceleration of exploration. The Incentives Include a change In the termsReuter - 182 words
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Article137 1977-04-18 5 Reuter 0 NEW YORK, Sun. Copper Range said Amax, which owns 19.96 per cent of Copper Range's outstanding common stock, said It will probably vote against the proposed merger of Copper Range and a subsidiary of Louisiana Land and Exploration. Copper Range said under theReuter - 137 words
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Article127 1977-04-18 5 Reuter HONGKONG, Sun. Swire Pacific said it plans to make a scrip issue of onefor five following a buoyant 1976. Consolidated attributable net profit last year rose by a sharp 71 per cent to HK5125.5 million ($73.3 million). In view of the higher profit, which raisedReuter - 127 words
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Page 5 Advertisements
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Advertisement233 1977-04-18 5 Wang Laboratories Inc., U.S.A. A Growing International Family Sales and service centres in Malaysia and Singapore Wang offers on-the-spot sales and service in Malaysia and Singapore, as in its extensive network of over 150 offices throughout the U.S and 60 foreign countries. The Wang Systems Sales and Support Organisation, one233 words
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COMPANY NEWS
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Article, Illustration874 1977-04-18 6 HAVING re-established itself on the profit growth trail last year when pre-tax profit rose 23 per cent to Ms 24 million, Dunlop Malaysian Industries is looking ahead with fresh confidence. Managing director Tunku Dato Ahmad Yahaya, in his latest report to shareholders. says the874 words
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Article638 1977-04-18 6 Current payment Ex Date Date payable Total for Total for the year previous year Batu Lintang Austral Knterp. Talam Mine* (•oodwood Park Hotel Malaysia Sel. ixonuts Kamunting Tin Sthn. Kinta Cons. K.I.. Kepong Deb. M. Breweries Carlsberg Aver Hitam Tin Riverview Rubber Bedford Plantations G.E. Life Tronoh Tasek638 words
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COMPANY MEETINGS
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Article19 1977-04-18 6 The following company meetings are due: Apr 19, 3.30 p.m., Ladang Perusahaan Shah Alam, Selangor.19 words
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Article14 1977-04-18 6 Apr 20, 11.30 a.m., 4th mile stone, Jalan Mersing, Kluang. Johore.14 words
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Article16 1977-04-18 6 Apr 27, 9.30 a.m., Re- gistered Office, 16 Jalan Tangsi, Kuala Lumpur.16 words
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Article15 1977-04-18 6 Apr 28, 12 noon, Registered Office, Chartered Bank Chambers, Beach Street, Penang.15 words
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Article2480 1977-04-18 6 Week Gr'« Gr'» Net Week 1977 Last Div Div Yld P/E Vol Week High Low Company Sale +or- C'VT COOO) High Low SECTION ONE INDUSTRIALS 146 136 Acma 145 +7 12.ON 1.1 8 2 7.3 8 145 144 133 127 Acma A 131 +4 122,480 words
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Page 6 Advertisements
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Advertisement386 1977-04-18 6 THE GREAT BOOKS of the Oeautiful, durable bindings Is the 1 of the fundamental Ideas of lllf feim U|l| lllf| IUI science, history, psychology, WW I WWVlkl/ Here In beautiful, durable bindings Is the whole record of the fundamental Ideas of mankind science, history, psychology, mathematics, theology, literature and poetry.386 words
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WALL STREET AND OTHERS OVERSEAS MARKETS
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Article1037 1977-04-18 7 NEW YORK: The stock market lost some ground it gained in the past (our sessions, but closed generally higher In very quiet pre-weekend trading on Friday. President Carter's antllnflatlon proposals, announced In the morning, contained no suprlses (or Investors, analysts said, who described the mood as antl-cllmatlc. The1,037 words
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Article280 1977-04-18 7 ZURICH: The market generally closed slightly higher In fairly active dealings on Friday, dealers said. Leading banks ruled narrowly mixed with a weaker bias. Despite Its announcement concerning probable losses at Its Chlasso branch, Kreditanatalt declined only slightly In very light trading. Financials followed the general trend with Interfood280 words
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Article296 1977-04-18 7 AMSTERDAM: Shares firmed with sentiment aided by a similar Wall Street trend on Friday, dealers said. In Dutch Internationals Hoogovani gained but Akxo (ell against the trend on Its annual report. Naarden led gains elsewhere. Meneba and Elsevier were major losses. Shippings were weaker where changed and banks mixed.296 words
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Article373 1977-04-18 7 PARIS: The market was mostly narrowly mixed with a slightly firmer undertone on Friday, dealers said. News that private Industry Is expected to Invest more this year encouraged the market although the fall in Industrial production In February offset this, they noted. Usinor fell further against the background of373 words
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Article307 1977-04-18 7 FRANKFURT: The market continued broadly (lrmer rising up to three marks or more In lively trading on Friday, dealers said. Engineerings were led by Man Ord (up 5.50 marks) and GHH (up 4.50). Autos rose 3.50 marks and In stores. Kaufhof (lrmed (our marks. Public bonds gained up to307 words
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Article170 1977-04-18 7 BRUSSELS: The market was mainly marginally higher In more active trading on Friday, encouraged by Wall Street, dealers said. Local issues to rise Included Electrobel, Union Miniere, CBR, Vieille Montagne, Cockerill, Tesaenderloo, Aaturienne, "C'ometra and Arbed. GB-Indo-BM, L'nderg and EBES were unchanged. Sidro, FN, Acec and UCB fell UK170 words
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Article293 1977-04-18 7 TORONTO: The stock market closed higher in light trading with the composite Index up over five points on Friday. Advances led declines 227 to 175. The transportation Index advanced more than 16 points as Alxoma Central Railway at 12 1/4 and Canadian Pacific at 17 3/4 both gained 1/4293 words
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Article353 1977-04-18 7 JOHANNESBURG: Gold shares eased throughout the day In line with European bullion Indications on Friday, dealers said Financial minings were mixed De Beers lost three cents to 410. Platinums and coppers both eased fractionally In places, while asbestos counters recovered some of Thursday's losses. Industrials drifted lower In continuing353 words
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Article1504 1977-04-18 7 On April 15 TRADING In options on the Chicago Board Options Exchange on Friday came to 109,949 contracts compared to 165,911 on Thursday. OPTION APL JLY OCT STOCK Alcoa SO 9 9 95/8 58 3/4 Alcoa 60 1/18 1 916 2 5/8 58 3/4 Am Tel SO1,504 words
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Article158 1977-04-18 7 MILAN: The market closed mixed In (airly active trading on Friday with operators cautious a(ter Thursday's losses in a market characterised by technical .(actors, bourses sources said. Generate immobiliare, Montedison. Fiat and Pirelli EC (lrmed while other Industrial leaders eased Assicuraiioni Generali and Mediobanca closed higher In Insurances. Financial158 words
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Article63 1977-04-18 7 FINANCIAL TIMES INDUSTRIALS Friday 416.5 Thursday 421.0 Week ago closed DOW JONES AVERAGE INDUSTRIALS Friday 947.76 Thursday 947.00 Week ago closed LONDON DOLLAR PREMIUM Friday 120% to 121% Thursday 123% to 123% H.K. HANG SENG Friday 436.66 Thursday 434.40 Week ago closed SYDNEY INDUSTRIALS Friday 353 42 Thursday 353.0863 words
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148 1977-04-18 7 BUSINESS TIMES INDUSTRIAL GROUP INDICES (BASE YEAR: JANUARY 4. 1971 100) 1977 Week ended High Low Industrial Group 17/4 15/4 POINT CHANGE 210 59 145 90 Automotive 189.42 191.33 1.91 496.57 366.79 Banks. Insurance. 376.95 381.11 4.16 164.62 Finance and Trustees 135 80 Chemicals, Rubber 141.47 144.27 2 80 Products,148 words
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Article396 1977-04-18 7 NYT THE New York stock market made a sharp advance last week as prices were propelled upward mainly as a result of President Carter's move to abandon his proposal for a US$5O tax rebate for individuals. The President said he had dropped his tax-rebate plan because heNYT - 396 words
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Article439 1977-04-18 7 Reuter HONG KONG. Sun. The Korea Development Bank (KDB) hopes to tap the Japanese capital market late this year or early in 1978, the bank's governor Mr. Woun Gle Kim said. He told Reuter In an Interview here the KDB hopes to issue a 10Reuter - 439 words
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Loans
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Article47 1977-04-18 7 LONDON. Sun. Eurofima, which finances equipment purchases for Europe's railways, has placed US$2O million of six year notes in the MiddleEast, First Boston said as one of the banks managing the placement. The notes bear a 7 1/2 per cent coupon and were priced at par.47 words
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Article80 1977-04-18 7 PARIS, Sun. More than 80 per cent of the two billion franc state-guaranteed loan to finance loans to small and medium sized French businesses has been placed ahead of its official issue tomorrow, primary bond .market sources said. The 11 per cent 15 year bonds have been well received80 words
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Article47 1977-04-18 7 BERNE, Sun. The City of Malmo, Sweden, will float a 70 million franc. 15 years, 5 3/4 per cent loan on the Swiss market from April 19 to 22. Banque Von Ernst Und Cle said as issuing consortium manager. The issue price will be fixed later.47 words
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Article40 1977-04-18 7 OSAKA, Sun. Dai'el is planning a 100 million Swiss franc convertible bond issue in late May or early June, securities sources said. Dai'el declined to comment on the report. The company Issued a US$3O million convertible Eurobond last July.40 words
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Page 7 Advertisements
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Advertisement430 1977-04-18 7 THE SYNTOPICON proper volume. Your eyes are directed to the right chapter, page, and paragraph. Your mind is then enriched by the very words the author had to say about the idea. sions with associates and family. They are an Invaluable tool to the speaker, the writer, the forum leader.430 words
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COMMODITY REPORTS AND PRICES
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Article197 1977-04-18 8 LONDON, Sun Terminal rubber came under light liquidation pressure in late dealings and closed slightly easier on Friday, with losses from Thursday night of mostly 0.40 pence (near May at 52.85 pence) to 0.65 pence per klTo. Prices were generally around the days lows. Turnover totalled 125 lots197 words
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Article103 1977-04-18 8 THE Straits tin price in Penang on Saturday was down $54 to $1,423 on an official offering up five tonnes to 235 tonnes. In LONDON on Friday, Tin on the day fell £97 for Cash and £105 for Three Months In both contracts. The market worked lower under103 words
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Article268 1977-04-18 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICL'L YESTERDAY. Coconut Oil Bulk $110 sellers, old drum $115 sellers, new drum $120 sellers Copra: Mixed (loose) UK Cont $72 hi i vers Pepper Muntok ASTA white f o b. 100% NLW $405 sellers, Sarawak white fob 96% NLW268 words
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Article117 1977-04-18 8 THE following Palm Oil prices were quoted In London on Friday The prices are elf Rotterdam and are quoted In US dollar per ton unless otherwise stated Friday Prev. Malaysia 5% ffa bulk Jne/Jly Sumatra 5% Apl May June July Aug unch unch 652 50 pd 652 50117 words
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Article50 1977-04-18 8 LONDON. Sun Zinc fell £12.50 for Cash and £13 for Three Months on Friday. Continued liquidation forced Three Months down to £382 in the ring before covering and profit-taking purchases partly reversed the trend. The position worked back to £387 on the kerb prior to final business at £384.50 words
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Article514 1977-04-18 8 Source: Swiss Bank Corp IN the Singapore gold market on Saturday, the kilobar was traded In the range of $12,080 to $12,095 in quiet condition. The loco London gold opened at U*****.60/151.90 and closed at the same level In very dull conditions. Source: Singmas The Singapore Chinese Gold andSource: Swiss Bank Corp - 514 words
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Article98 1977-04-18 8 LONDON. Sun —Silver finished unchanged to 0.8 pence lower on Friday. Easier gold and the early decline at New York unsettled the market before endweek covering erased most losses. Three Months traded down to 282.5 pence prior to last ring business at 283.9 pence. Sales were 120 lots. In98 words
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Article43 1977-04-18 8 LONDON. Sun Lead closed £11 down for Cash and £11.50 for Three Months on Friday. The metal followed the general trend with Three Months trading down to £379 In the ring and to £377 finally on the kerb. Sales were 1,700 tonnes.43 words
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Article379 1977-04-18 8 LONDON, Sun. Copper wlrebars lost £18 on the day for Cash and £20.50. For Three Months on Friday. Dealers said the market declined following a sharp fall in New York with further liquidation and trade selling taking Three Months down to £856. Modest covering emerged at the lower levels379 words
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Article165 1977-04-18 8 CHICAGO, Sun. Wheat futures closed at the day's highs with gains of 2 V* to 2% cents a bushel on Friday. The trends In soybean futures were a significant Influence on the day's trading and prices advanced at the opening as beans started strong. Prices weakened as beans moved165 words
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Article123 1977-04-18 8 BANGKOK. Sun. Quiet conditions prevailed in the rice market during last week, with few enquiries received as markets In Europe and Africa were closed for Easter holidays, trade sources said. The Under-Secretary of the Planning Ministry of Bangladesh was scheduled to visit Bangkok last week and trade sources speculated123 words
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Article74 1977-04-18 8 Apr 11 Apr 12 Apr 13 Apr 14 Apr 15 Apr 16 •Tin: $1,390 00 $1,392 00 $1,426 00 $1,450 00 $1,477 00 $1,423 00 Tonne: 233 222 190 251 230 235 t Rubber (S): Closed 195 75 a 202 50b 202 25 b 200 25 b74 words
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700 1977-04-18 8 COFFEE continued to feature in fairly active trading In a generally quiet Singapore produce market last week. Commodity sales to overseas during the week was minimal and confined to small lots on consumer account. There was still no sign of the coffee price coming700 words
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Article276 1977-04-18 8 LONDON, Sun. Terminal prices on Friday, eased back off the highs under scattered profit-taking and pre-weekend booksquarlng to close the morning quiet, £41 to £17 up on Thursday night. 1,350 lots were Coffee futures closed slightly easier, £37 to £19 down from Thursday night. Volume was 3,042 lots, including276 words
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Article152 1977-04-18 8 LONDON, Sun. Futures rose steadily on Friday during late afternoon dealings on renewed buying and covering which followed a very steady opening In New York. At the close, prices were at the day's highs t'0.40 to 11.55 up. Sales were 2,773 lots. In NEW YORK on Friday. World sugar152 words
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Article103 1977-04-18 8 CHICAGO. Sun Soybean futures closed with limit gains of 30 cents a bushel In old crop months and September, while adding 22 to 26 cents in other months on Friday. Prices rose as much as the 30 cent limit at the opening, with strength in old crop positions deriving103 words
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MONEY AND EXCHANGES
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Article208 1977-04-18 8 FAVOURABLE news for the US dollar such as retail sales rose by 2.4 per cent in March and a better outlook for controlling US inflation by Mr. Carter's decision to abandon the personal tax rebate, were more than offset by bad ones. It weakened generally against major European currencies,208 words
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Article292 1977-04-18 8 Asian rates Source: Astley Pearce RATES drifted lower over last week, easing by 1/16 to 1/8. Threes to Sixes trading was slack, with few prime names supporting. Weekly Fed. figure showed an Increase in Ml to five billion and M 2 to 6.8 billion. Short dates were easier, with day-to-daySource: Astley & Pearce - 292 words
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Article308 1977-04-18 8 THE tight money situation experienced during last week did not sustain as funds gradually returned to the system and the money market was liquid for the whole week. Some surplus funds were mopped up by discount houses in the range of 1 1/2 per cent and two per cent.308 words
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Article151 1977-04-18 8 Euro rates LONDON, Sun. Eurodollar deposit rates closed mostly unchanged from earlier levels after usual quiet pre-weekend trading on Friday, dealers said. After a steady opening, early interest in some Serlods from West Asia and lngapore quickly faded and one or two longer positions drifted slightly easier by mid-session buy151 words
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Article349 1977-04-18 8 ZURICH. Sun. In the first half of last week, the US dollar suffered sharp losses caused by a substantial increase of the US wholesale price index in March (over 1.1 per cent). Against the Japanese yen, the d-mark and the Swiss Franc, it fell to as low as 270.40349 words
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Article250 1977-04-18 8 NEW YORK. Sun. The dollar on Friday, closed weaker on balance from Thursday night after foreign exchange market operators assessed the antllnflatlon programme proposed by President Carter as disappointing, dealers said. The programme contains little of substance to reassure currency market, which Is particularly concerned about US inflation250 words
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Article40 1977-04-18 8 FOR the week ended Friday April 15, the range of call rates received from Short Deposits (M) Berhad was as follows: BANK FUND V«% to 5Vi% GENERAL FUNDS: 1% to 5% Movements of funds totalled $387 million.40 words
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Article63 1977-04-18 8 OVERNIGHT rate steadied at the 2y» per cent level for the greater parts of the last week, with the exception of Friday, where one rate went down to negative 3/4 per cent (being Liability Base Day) Terms saw little movement, with the One, Two and Three Months closing63 words
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Article69 1977-04-18 8 Minimum lending rates (in ACBC 6 V First Chicago 6\ Algemene Bank 6 J '4 Citibank 6*4 Bangkok Bank 7 HSBC 7 Bank of America 6 1 Indosuez 6*4 Bank of China 7 Malayan Banking 6 j 4 Bank of Tokyo 6*4 Mitsui Bank 6 J Bank Negara OCBC 6*469 words
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Article377 1977-04-18 8 LONDON. Sun. The dollar closed generally steady in Europe on Friday, but near Its lows of the day. The details of President Carter's anti-inflation programme failed to impress markets, although Thursday's news of the administration's proposed abandonment of the personal tax rebate was still actmg as a steadying influence,377 words
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Article34 1977-04-18 8 FRANKFURT exchanges closing quotes on April 15. US 2.3682/92 Can 2.2535/55 UK 4.060/068 Neth 95 90/96.00 Swltz 93.95/94.05 Italy 2.663/668 France 47.58/68 Japan 0.8620/35 Belg con 6.505/51J Belg fin 6.50/52 Norw 44 90/9834 words
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Page 8 Advertisements
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Advertisement355 1977-04-18 8 InmiiTSEl for people who matter Change is the essence of a fast-moving, dynamic society like Singapore's and it takes quite some doing to keep up with the pace. Singapore Trade and Industry monthly economic review has now changed its name to Singapore Business. You bought Singapore Trade and Industry in355 words
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Article, Illustration1053 1977-04-18 9 IPSWICH SLIP INTO SECOND SPOT AP LONDON, Sun. Liverpool scrambled back to the top of the English League table yesterday with a convincing 2-0 win over Arsenal, ousting Ipswich, their arch rivals for the English soccer League title. Phil Neal andAP - 1,053 words
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Article, Illustration675 1977-04-18 9 AT DOVER ROAD SICC won the Premier league but lost the F and N league match by 4-2 to Warren. SICC thrashed a depleted Warren side by 21 strokes at Dover Road while Keppel outplayed Tengah by 17 strokes at Buklt Chermln. Changl edged675 words
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761 1977-04-18 9 ATHOLE STILL - By ATHOLE STILL LONDON, Sun. Even in defeat 14-year-old Sharron Davie* (Port of Plymouth) showed exactly why she is considered by many to be Britain's principal hope of challenging the best swimmers in Europe over the next few years. Her efforts761 words
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Article367 1977-04-18 9 Keith Botsford - By Keith Botsford LONDON, Sun Mario Andretti who won the US Grand Prix West at Long Beach California, is no spring chicken. His first OP win was in South Africa in 1971 for Ferrari. His second for Lotus, was last year in Japan, it was367 words
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Page 9 Advertisements
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Advertisement304 1977-04-18 9 beautifully right on target! zrzwmeszmi j§& The Variant The tungsten dart plus-over 300 combinations of weight and balance. The versatile Variant permits the player to custom balance to his own preference by varying the number and placement of individual weights. The front and rear sections are made of stainless steel304 words
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Advertisement115 1977-04-18 9 Pick Geha 111 i ■8 1 1 II Im m K i ki i >• V for the office When you choose Geha, you know you're getting the best stationary products to help you perform efficiently and speedily. The universally popular Geha Duplex carbon paper or the film carbon, together115 words
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Article466 1977-04-18 10 THE National Trade Union Congress plans to raise Its total membership to 300,000 this year, according to the latest Labour News, the official organ of the NTUC. To achieve this target, It will have to get about 88,770 more members to add to Its last466 words
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1384 1977-04-18 10 Reuter MANILA, Sun. The dilemma of how to pump In aid fast enough to those countries most needing It while keeping sound banking principles will be at the heart of the annual meeting here this week of the 42member Asian DevelopmentReuter - 1,384 words
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Article108 1977-04-18 10 Reuter SYDNEY, Sun. A strike by aircraft refuelling workers and drivers of petrol tankers this weekend stranded thousands of international and domestic airlines'passengers at Australia's two major airports In Sydney and Melbourne. Both airports were Jammed by passengers booked on flights grounded by the strikeReuter - 108 words
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351 1977-04-18 10 MEMBERS of Asean have been invited to present papers on the development programme in their respective countries at an investment orientation forum organised In conjunction with the international exhibition of materials handling and construction machinery at the National Stadium from Oct 5 to 9.351 words
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Article615 1977-04-18 10 ARRIVALS Service Local Operator Number Time From CPA CX003 0145 HKG SAS SK097 0640 CPH/THR/BKK MAS MH682 0810 KCH CPA CX710 1000 HLP SIA SQ211 1015 HLP GIA GA980 1030 HLP THAI TG423 1035 BKK GIA GA908 1100 MES PAL PR501 1115 MNL SIA SQ240 1140 MES615 words
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330 1977-04-18 10 DETAINED journalist Ho Kwon Ping wag given a free hand to write antiSingapore Government articles in the Far Eastern Economic Review of Hongkong. In a public statement released by the Internal Security Department yesterday. Ho said he had an understanding with330 words
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Article46 1977-04-18 10 Reuter KOCHI (Japan), Sun. Japanese Prime Minister Takeo Fukuda said here today he had no intention at present of visiting Moscow in connection with the stalemated bilateral fishing negotiations. He said a visit at this time might needlessly raise the controversial territorial issue ReuterReuter - 46 words
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415 1977-04-18 10 Reuter AP VIENNA. Sun. Economic experts from the Organisation of Petroleum Exporting Countries will meet here tomorrow for routine discussions, Opec said. Opec spokesman Hamld Saherl said the Organisation's Economic Commission will continue discussions on oil price differentials. and will begin a projectedReuter; AP - 415 words
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Article227 1977-04-18 10 THE third Unctad training course on shipping economics and management begins today. The keynote address, entitled The Shipping Industry of Singapore, will be delivered by Mr. Goh Chok Tong. managing director of Neptune Orient Lines. Welcoming addresses will be made by Messrs. Frank Roberts, Fabrizio Ossella227 words
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Page 10 Advertisements
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Advertisement216 1977-04-18 10 flc *»uiw w fi savours of Lunch or dine in a grill room that savours of Olde England with food just as savoury. The Stables an ideal place to combine business with pleasure. Cosy and private, with English-manner service too. Chef 's Specialities Lobster Clarence lobster slices on rice with216 words
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Advertisement169 1977-04-18 10 Chinese Opera mask from the Pei-Gee Dynasty (550-577 AD). This mask was used as a guide for face-painting. Ward ley Limited Consolidated Statement of Condition at 31st December, 1976 (Expressed in Hong Kong Dollars) ASSETS $'000 414.572 197.864 155.838 768.274 Cash at Banks Short Term Deposits Loans. Advances Other Accounts169 words
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