The Business Times, 21 January 1978
1978-01-21
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The Business Times
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Title Section11 1978-01-21 1 BUSINESS TIMES M.C.(P) No. 218/1/78 SATURDAY, JANUARY 21, I*7B 50 CENTS11 words
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BRIEFLY...
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Article37 1978-01-21 1 Reuter BONN, Frl. The Wert German federal government plane to raise a domestic bond iseue of approximately 800 million to one billion marks (SsB6o million to $1.1 billion) around midFebruary, informed eourcee said. Reuter.Reuter - 37 words
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Article49 1978-01-21 1 AFP BRUBBELB, Frl. The West has an economic lead over the Soviet Union and this gap will widen during the *****. Participants from unlversltlee, banks and business, meeting at Nato headquarters here affirmed that the Soviet development rate Is currently below that of the West. AFP.AFP - 49 words
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Article39 1978-01-21 1 KUALA LUMPUR, Frl. The deadline set by Australian suppliers for Malaysia to take delivery of their sugar under an existing long-term agreement or face breach of contract action passed with no signs of concession from either side.39 words
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Article68 1978-01-21 1 AP TOKYO Frl. Indonesia, Malaysia, the PhilipPines, Singapore Thailand and Japan signed a protocol here today to extend for another year activities of their Joint South-East Asian Promotion Centre for Trade, Investment and Tourism. The centre, known as Seapcentre with headquarters In Tokyo, was established In 1972AP - 68 words
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Article42 1978-01-21 1 Reuter LONDON Frl. Distillers Co. has increased the export price of Its Scotch whiskies. Prices to most countries will rise in line with the Scotch Whisky Association's recommendation of a 10 per cent Increase, announced on Jan. 13 Reuter.Reuter - 42 words
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Article55 1978-01-21 1 Reuter LONDON, Frl. Qadek Malaysia Ltd. said It plans to submit to shareholders proposals which will effectively transfer the company's domicile to Malaysia under the name of Oadek Malaysia Bhd. Arrangements have been made for shares representing 30 per cent of the new company to be offeredReuter - 55 words
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Article54 1978-01-21 1 Reuter LONDON, Frl. Britain's annual has dropped to 12.1 per cent Its lowest level for four years according to the retell price index for December announced by the-gpvernment. It was the sixth consecutive monthly drop, compared with levels of more than 90 per cent m the crisisReuter - 54 words
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Article67 1978-01-21 1 Reuter DELTA BARRAGES (Egypt), FrL President Anwar Sadat today said he would resums peace taixs witn Israel only If the Jewish state modified its stand on basic issues. After talks with US Secretary of Stat* Cyrus Vance, Mr Sadat said his condition for resuming talks was that IsraelReuter - 67 words
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Article66 1978-01-21 1 UPI NEW YORK, Frl. Stocks traded outside New •York City were mixed early today in moderate The New York and American stock exchanges were closed until noon (1700gmt) because of a severe snowstorm. Since most averages are based on trading on those two exchanges, It was Impossible toUPI - 66 words
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Chief Price Changes
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Article117 1978-01-21 1 Rites Most active Fed Cables 141 +15 Olympla Ply 310,000 lalWoW 150 +14 Sigma Metal 171,000 Hoe* Lew* 244 +12 Fed Cables 140,000 MitratMti 300 +10 API 130.000 API MMIAPM 390 76* 234 +10 +0* +8 Total Turnover: 3.03 M Total Value: 85.85 M AIM 2M +7117 words
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Article, Illustration124 1978-01-21 1 Rises Most active Ibahlba 3.30 +.32 Olympla 306,000 Castlefleld 7.00 +.15 Supreme 339.000 P. Chem 176 +.14 P. Cables 396,000 P. Cables 1.43 +.13 Bolton 363.000 C and C Blntang 1.31 +.00 Total Turnover: 3.96 M S.P. Text 1.3$ +.07 Total Value: M86.64 M S.H.Chan 3.17 A.P.I.124 words
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366 1978-01-21 1 NERVOUBNEBS and uncertainty prevailed in the gold bullion and foreign exchange markets yesterday as dealers pondered the Ukely impact of President Carter's State of the Union speech, on rate movements. Gold had opened at the U*****.80/ 173.10 an ounce level here as It366 words
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589 1978-01-21 1 RONNIE LIM - NO BOON FOR CALCULATORS ■y RONNIE LIM JAPAN'B proposed tariff cuts on electronic desk-top calculators are not Ukely to benefit Singapore's electronic calculator manufacturers. This Is because what little the Industry here exports to Japan has been under the Generalised Scheme of Preferences,589 words
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Article806 1978-01-21 1 THE ALARMING lncre&ae In Industrial accidents over the put few years has ft Ten rise to concern over the adequacy of safety measures at factories and work sites. Between 1074 and 1976 the number of workmen Injured Jumped nearly 80 per cent from 10,800806 words
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Article132 1978-01-21 1 OROWTH in world consumption of natural rubber in 1177 was slightly irreater than in 1970, but t hat of synthetic rubber alowed down, and gave a much lower overall figure for the Industry. The International Rubber Btudy Group statistics revealed that consumption of natural rubber last year132 words
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264 1978-01-21 1 AFP THE latoraatkmal Sugar Council (ISC) has bow started work la London m the vital calculation* that quotas mt producing co un trio* for the com lag year. This statistical comarittoe will report to the owiuliw eeasasittee, whea recommendatioas will go forward to theAFP - 264 words
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491 1978-01-21 1 JOHN TAN - •y JOHN TAN BINQAPORE Is expected to negotiate for a longer lease of life for the garment, agreement with the US, when the two countries meet here at the end of this month. Informed sources say that Singapore will probably be asking491 words
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Article61 1978-01-21 1 tan BRI v. Manilla, vasagam, the Malaysian Communications Minister yesterday said talks on allowing the Concorde overfly Malaysian airspace would probably resume next The Minister had eariler said Malaysia could not grant overflight rights to the Concorde until the government had studied the environmental implications. He also expressed61 words
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Page 1 Advertisements
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Advertisement19 1978-01-21 1 E3 LANIER COURIER the perfect secretary.... 5"MOi 2V»" wide lOotwt works 24 hours s day and never grumbles A»W«iooWfVtf,»fes32B3B/53m319 words
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Advertisement139 1978-01-21 1 1. SEE PAGE 3 ki The Autumn issue of the ASEAN Business Quarterly includes s 5-page analysis of ASEAN's urea projects and finds theee to be less than viable (12 tables) a 15-page analysis of the impending world energy crisis and the lihely economic effects on ASEAN countries including new139 words
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Advertisement237 1978-01-21 1 <!%"[!*(=")*@".,<.~"$!_)$`}^>-/ Wtyfoomg MAF A b*6mg kmd whtu y* m—d it m*L "If only I had the money... John Tin, private businessman 'Tf only he'd talk to us." Wayfoong MAF Many a sound business venture chase to large capital loans, would never get off the ground if it So, if you237 words
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TRADE AND INDUSTRY
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698 1978-01-21 2 JOHN LIM - $16M MART ASSURED By JOHN LIM SINGAPORE'S first manufacturer of marine and fishing equipment will begin production in April after a delay of nearly five months. The $6 mllUon venture of Scanfloat (Singapore) was scheduled to begin production last month but there has been a698 words
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241 1978-01-21 2 AFP HONGKONG'S China Light and Power Co. and Eastern Energy Ltd, an Esso affiliate, will sign a contract with Britain's General Electric Co. for the construction of a new multimillion dollar power station. The chairman oi China Light and Power, Sir Lawrence KadoorleAFP - 241 words
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Article, Illustration228 1978-01-21 2 ANOTHER company, will promote automatic cash dispensers (ACD) In Slngapor e. Cable:* and Wireless Systems Ltd., regional agents for trie Japanese manufacturer, Omron will demonstrate t he machine at the Stork Room. Holiday Inn from J an '.13 to 27. Unlike Uhe IBM automatic tel ler machine228 words
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285 1978-01-21 2 AP SOUTH Korea yesterday released an ambitious loneterm power production plan boosting the number of nuclear plants from 29 to 48 by the year 2000. The 46 plants, If completed as planned, will have a combined production capacity of 50.8 million kilowatts. accountingAP - 285 words
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Article, Illustration108 1978-01-21 2 IT WAS witch 111 roles for OttoPreminger, at the worM'f top film dirocSlngapore yesterday. For a chance, Mr. iPremlager, director of aoeh epics aa Exodus, wm being flliwi Raffles Hotel for a publicity film being produced by Amoricita Express _to help publicise Singapore as an Ideal tourist108 words
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532 1978-01-21 2 AFP SOUTH Korea Is to set up a packing paper manufacturing plant in Malaysia. Plans were almost finalised for the Msls- plant to be set up in Kedah as a Joint venture, when the visiting South Korean Chamber of Commerce president Tae Wan-san,AFP - 532 words
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Article165 1978-01-21 2 COURSES AND TALKS DATES TITLE LOCATION ORGANISER Jan 4-23 Managing Conflict In Industrial Relations Thong Teck Bldg. SIM CSI f'«8 The Effective Secretary Thong Teck Bldg. SIM 9-30 Industrial Application of Operational Amplifiers YMCA Palmer Road NPB 9Feb2 S.D. Module III Elements of Industrial Engineering Hotel Royal Ramada165 words
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Page 2 Advertisements
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Advertisement682 1978-01-21 2 sinGapura FORUM a HOTEL 186 Orchard Road, S'pore 9. Tel: *****2 Pebble Bar Experience the unique expression of Tanla Oreat Sound Big Show You'll love the dynamic and versatile Tanla For memorable yester hits and today's favourites. Only happens at the Pebble Bar Dally (except Bunday) open till 2.00 a.m.682 words
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Page 2 Miscellaneous
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Miscellaneous641 1978-01-21 2 THE TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Respond to a call of "Encore!" (5) It's grand to be fit for a bit of building (9) Admitted having had more (3, 2) It Low bar dance (5) 11 Nelson Eddy's donkey (5) 12 More than a line of people (S) U641 words
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OVERSEAS
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475 1978-01-21 3 Reuter COMMERZBANK AO said German industry must get used to the fact that economic recovery must depend increasingly on domestic demand and that the locomotive Importance of exports Is diminishing. In its latest economic notebook, the bank said Germany could instead continue toReuter - 475 words
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244 1978-01-21 3 Reuter THE Comptroller of Currency on Thursday Bight declared a Chicago kuk, the Drovers National Banh of Chieago, insolvent aad turned iU assets over to the Federal Deposit Insurance Corporation (FDIC). Comptroller John Heimann said the bank, the 14th largest in theReuter - 244 words
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WOBLD IN BRIEF
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Article582 1978-01-21 3 Agencies LONRHO, the Londonbased international trading group, charged on Thursday In court that major oil' firms conspired to back the' Rhodeslan government's decision to declare Independence from Britain and to keep It going ever since. Even before Rhodesia made Its unilateral declaration of Independence In 1965, theAgencies - 582 words
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Article669 1978-01-21 3 PRESIDENT Carter's State of the Union address will strengthen the dollar In the short-term but will not reverse its more fundamental weakness in the absence of concrete action. The Immediate reaction of bankers and foreign exchange dealers in New York was that Thursday's speech contained669 words
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Article166 1978-01-21 3 Reuter A PANEL of Western economists, meeting at Nato headquarters In Brussels, on Thursday predicted a severe slowdown In Soviet economic growth in the 1980s. They said the Increasing difficulty of obtaining energy, and slower growth of the Soviet workforce, would be major factors hinderingReuter - 166 words
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Article206 1978-01-21 3 Reuter THE Confederation of British Industry (CBI) renewed a call for strong reductions in income tax and for an absolute freeze on the volume of public expenditure. In a new "Programme for action," the CBI wants the government to cut the basic rate of IncomeReuter - 206 words
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Article69 1978-01-21 3 CAPITAL Investment spending in Canada over the next five years will rise to a rate unequalled since construction of the St. Lawrence Seaway and the trans-Canada pipeline. Canadian Imperial Bank of Commerce said In an economic forecast It expects non-residential construction to rise at a 6 per cent69 words
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Article238 1978-01-21 3 Reuter REFLECTING sluggish sales, US car makers scheduled fewer cars for completion this week than a year ago. They plan to complete 171,111 cars this week, down 5.1 per cent from the same week a year ago when they made 187,802 cars. Truck production,Reuter - 238 words
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Article, Illustration578 1978-01-21 3 Reuter BOTH Republican and Democrat Congressmen said after US President Carter's State of the Union speech that they think Congress is likely to approve Mr. Carter's proposed tax cuts this year as a means of stimulating the US economy. Many said the PresidentReuter - 578 words
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588 1978-01-21 3 NYT ECONOMIC growth in the US. mainly reflecting a reluctance of businessmen to restock their warehouses, tapered off to an annual rate of 4.2 per cent in the fourth quarter, the Commerce Department reported. But figures showed consumers actively purchasing goods and services, a signalNYT - 588 words
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Article336 1978-01-21 3 Reuter BRITISH money supply figures Issued on Thursday, shoving a one per cent rise In M 3 in December and a 13% per cent annuallsed growth rate, were quite encouraging, banking and money market sources said. Earlier hopes that the December figures would show M 3Reuter - 336 words
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Page 3 Advertisements
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Advertisement391 1978-01-21 3 mdfico a« lINCAPOM DAMADA IVhotelA Tanglin Circus, S'pore 10. Tel: *****1 Brasserie La Rotonde Have a Swiss Affair with us Brasserie La Rotonde Speciality de Cafe Food fresh from Switzerland Car valets in attendance HOTEL ROYAL-RAMADA Newton Road, S'pore 11. Tel: *****1 We've got it all together Golden Mikado Cantonese391 words
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RAW MATERIALS
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Article420 1978-01-21 4 PRICES in Singapore yesterday were marked down 2.50 cents at opening time following weaker London advices and thereafter fluctuated around this level on stale bull liquidation and short-covering. Trading was quiet, dealers said. The morning market closed easier with February One RSS buyers quoted at420 words
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Article342 1978-01-21 4 Prices In centa per kilo yesterday: Noon (per kilo) Close (per kilo) Int. 1 R.S.S prompt f.o.b. Int. 1 R.S.S. February Int. 1 R.S.S. March Int. 2 R.S.S UK/Cont Int. 3 R.S.S. UK/Cont Int. 4 R.S.S. UK/Cont. Int. 5 R.S.S. UK/Cont. Buyers 198 25 198 25 198 50342 words
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Article96 1978-01-21 4 NOON SSR and SMR prices yesterday: HAS (C February urrant Mtk) March (Forward Mtk) Buyer* Seller. Buyer* Seller* (C COM perk*) (casts par kf) SSR 20 (1-ton pallet) 192.00 194.00N 193.00 195.00N SSR 50 (1-ton pallet) 190.00 192.00N 191.00 193 OON MRELB SMR 5CV (1-ton pallet) 209.2596 words
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Article30 1978-01-21 4 Rubber: Jan 20 Singapore: February 198.75 cent* (down 2.25 cents) Malaysia: February 201.00 cents (down 2.00 cents) Tins: $1,635.25 (down >4.75) Official offering: 235 tonnes (down 5 tonnes)30 words
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Article71 1978-01-21 4 THE MALAYSIAN Minister for Finance has fixed these rates for the period from Jan 19 until further notice: Rubber: 198 75 cents per pound Copra: 1832 14 a ton Pain Kernel: J239 03 a ton. The rates of duties payable are: Rubber: 31'• cents a pound Research Ceaa:71 words
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Article503 1978-01-21 4 COMMODITY prices in Singapore yesterday came under the bearish influence of leading markets in the West where reselling was reportedly rife in the overnight market. For certain commodities. It is believed, the big endusers In Europe, London and America had over-built up their Inventories during the shortage scares503 words
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Article244 1978-01-21 4 ROBUSTA futures opened yesterday. In London, C 7 lower to t°2o higher In sales of 240 lots. The official tone was "sllghly easier." Futures traded Irregularly at the opening on trade buying and commission house selling but ended the opening session near the lows after recording Initial gains of244 words
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Article203 1978-01-21 4 BANGKOK rice prices were quoted as follows yesterday: (Prices In US dollars per tonne fob basis Bangkok) Whit* Ric* 100 pet Ist class 370. 100 pet 2nd class J55 100 pet 3rd class ISO. 5 PCt 34! 10 pet 323. 15 pet 320 20 pet 317 25 pet 315203 words
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Article83 1978-01-21 4 C.I.F US dollars per ton. LONDON: ThurWay Previews Malaysia 5* ffa bulk March 505 sir 500 sir Sumatra 5H ffa Jan 525 sir 525/522 50 pd Feb March 530 pd 509/510 pd 500 qtd 500/502.50 pd April May June 495/500 pd 482 50/495 pd 480 pd 480/462 5083 words
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Article154 1978-01-21 4 SUGAR futures yesterday closed slightly easier with losses ranging from 0.01 to 0.06 US cents In quiet trading. Traders were reluctant to enter the market due to lack of any fundamental news. Turnover fell to 11 lots against 20 on Thursday. The Hongkong dally spot sugar price was154 words
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Article207 1978-01-21 4 YARN and cotton In Hongkong dollars, spot rx-godown Cottaa Yam: China Blue Phoenix 20 s 1.605 32 s 2.000. 40 s 2.090 (per bale of 400 lbs). Piece Goods: China Butterfly and Globe Brand unq. Dragon Head unq. Five Lambs unq. Flower and Butterfly unq. Flying Oeese unq207 words
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Article156 1978-01-21 4 THE STRAITS tin price In Penang yesterday dropped M 54.75 to $1,685.25 per plcul. on an official offering down slightly by five tonnes to 235 tonnes. Values fell further following Thursday's easier London conditions and continued high deliveries of tin concentrates from miners, dealers said. In LONDON yesterday,156 words
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Article191 1978-01-21 4 TERMINAL cocoa reacted sharply tn London yesterday to news of a 22 6 per cent decline in UK fourth quarter of 1977 grlndlngs with losses In near March extending to C24 per tonne. But. prices steadied on price fixing and shortcovering during the first call, to finish l'18 down191 words
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Article134 1978-01-21 4 TERMINAL sugar In London yesterday opened CI. 10 to C 1.40 down from Thursday's closing level, but unchanged from the kerb close. Turnover totalled 536 lots. The London dally raws price fell CI to CI 13 while the whites price was unchanged at CI 14 per tonne. On Thursday,134 words
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Article78 1978-01-21 4 SOYBEAN futures posted losses of 2% to cents a bushel at the end of a relatively light, featureless trade In Chicago on Thursday. Additional weakening In meal late In the session prompted some local selling. At the end of light trading, meal futures were off US$l.5O to 50.50 a78 words
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Article63 1978-01-21 4 WHEAT futures were unchanged to one cent a bushel lower at the end of light trading in Chicago on Thursday. Prices ranged narrowly to either side of the previous close during the session, holding small gains most of the time as commercial buying stimulated local support. Late selling by63 words
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Article373 1978-01-21 4 ACTIVE and volatile conditions ruled during (he week ended Jan 19 which saw prices rising four cents before dropping back even more to lose 2-1/2 cents overall. The Initial steadiness was In continuation of the recent bull trend and stemmed from speculative and trade demand for February373 words
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Article303 1978-01-21 4 COPPER wire bars on the morning In London yesterday gained mostly l'l. The early pre-market softened under modest liquidation prompted by expectations of a moderate rise in warehouse stocks this week with Three Months trading down 1655 per tonne, dealers said. Values steadied In the ring, however, on short-co-vering.303 words
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Article143 1978-01-21 4 SILVER on the LME lost 0.5 to 0.4 pence per troy ounce, on Thursday. The market was largely neglected with values softening during the afternoon and Three Months closing the ring at 258.5 pence per troy ounce. In NEW YORK on Thursday. comex silver futures slipped about 1.00 cent143 words
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Article314 1978-01-21 4 THE KILOBAR In SlngaSre yesterday opened at 13,062. The market fluctuated in a SIIOO range and closed at 5513.135. In the London market, the metal opened at U*****.00/173.10 and closed higher at U*****.60/90. The London morning fix was U*****.30, 15 cents lower than the previous fix. Source: Sinfmu Retail314 words
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Article59 1978-01-21 4 ZINC finished with losses of mostly C 4 In London yesterday. The metal was subject to further liquidation down to t'266 per tonne for Three Months before small pockets of short-covering pared losses. Sales were 1,025 tonnes. Little change is anticipated in this week's stocks. on Thursday..the metal lost59 words
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Article57 1978-01-21 4 LEAD closed with losses of 11.50 for cash and £2.50 for Three Months In London yesterday. Further stale bull liquidation pushed Three Months down to t'333 on the pre-market but covering against some Continental physical demand lifted the position to t340. On Thursday, the metal fell by C 5.5057 words
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MONEY AND EXCHANGE$
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Article531 1978-01-21 4 THE US dollar fluctuated over a wide range on the forex market yesterday as dealers became uncertain about the direction the market would take as a result of Carter's speech. Against the yen, the US unit opened at 241.60/ 70 with early buying pushing the rate up to531 words
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Article55 1978-01-21 4 A CUT T Alcemene Bank 7 Citibank 7v, Bangkok Bank 7 HSBC 7 Bank of America 7 Indoauat Bank of China 7 Malayan Banking 7 Bank of Tokvo T Mitral Rank 7 Bank Negara 7 OCBC OUB «>* t Chartered Bank 7* UCB 7V4 Chaae Manhattan 755 words
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Article171 1978-01-21 4 Asian rates ASIAN currency deposit interbank rates as at close on Jan 20: 178 Dalian (Spat) Offer Bid 7<tays 71/6 I 1 mth 79/16 77/16 2tnths 11/4 7 1/6 3 mths 77/16 7 5/16 6 mths 7 11/16 79/16 9 mths 7S/4 75/6 12 mths 77/S 7 J/4 Sw Fr».171 words
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Article112 1978-01-21 4 Euro rates PERIOD deposit rates yesterday fell by 1/16 each with Five Months additionally depressed by the loss of a Friday end. One Month rose by 5/16 to 7-1/2, 7-3/8 per cent because of a Friday end. Among unchanged short dates, the Weekend and Mon/Tues were quoted at 23/4, 2-5/8112 words
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Article45 1978-01-21 4 FRANKFURT exchanges opening quotes on Jan 20: US 2.1210/30 (2.1230/45) Can 1.9145/13 St* 4 103/113 on 93 33/41 S Ft 106 70/***** Ut 2.425/435 F Ft 44 10/90 N Kr 4107/17 B Fr (con) 1 440/455 B Fr irtn) 1 44/45 Yen 0 17«0/1045 words
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Article46 1978-01-21 4 RANOE of price* offered by discount houae* on Jan 30: Overnlfht: 3*4* Call deposit 3WM BuyiM 3- Month Treuury Mil* J1/4 3-month Bank bUU 47/8 3-Month CD 5 5/1* (-Month CD 511/1* Selling 3 1/8 4 3/4 53/16 5 9/16 Source: National Discount Co Ltd46 words
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Article176 1978-01-21 4 THE DOLLAR yesterday gained to around 1.9340/50 to the pound after easing to 1.94, at which point the Bank of England may have intervened, against 1.9327/37 overnight. It reached around 2.1230 marks from an early 2.1188/1203 compared with 2.1265/80 overnight, and around 2.0030/80 Swiss francs from 1.9870/9910 and against176 words
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Article128 1978-01-21 4 THE DOLLAR closed slightly weaker after a day of fairly stable, quiet trading on Thursday. Sterling rose gradually through the day, closing at U551.9335/ 50, against Its opening 1.9305/ 15, while the Swiss franc gained to 50.10/ 15 cents from Its 49.88/ 93 opening. The mark fluctuated in128 words
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Article131 1978-01-21 4 THE US dollar yesterday closed lower In erratic trading, depressed by market disappointment with President Carter's State of the Union message. It was quoted little changed at 1.9340/60 against sterling after weakening to 1.9400 after the Carter message. It eased to 241.40/60 yen from 241.65/80 In the US and131 words
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Article83 1978-01-21 4 THE DOLLAR for overnight delivery yesterday closed lower at 241.60 yen. compared with a 241.65 opening and 242.35 at Thursday's close, after a brief rise following President Carter's State of the Union message. Trading was active with volume $288 million. No Central Bank intervention was detected. The dollar for83 words
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Article65 1978-01-21 4 ZURICH exchanges closing quotes on Jan 19: US 1 9980-2 0010 Stg 3 8502-9870 Can 1 8080-8121 D Mk 93 9558-94 1412 D F1 87 8796-9898 F Fr 42 0703-1513 B Ft 6 0549-0876 D Kr 34 5087-8557 N Kr 38.8738-7431 S Kr 42.6816-7549 Ut 0 2284-2291 Aus sch65 words
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Article61 1978-01-21 4 AUSTRALIA/NZ exchanges on Jan 19: AUSTRALIA: US dollar 1 1042/1 1354 Sterling 0 5015/0 5850 Ninety-day air mall buying rate*: Sterling 0 6060 US dollar 1.1702 Ninety-day forward buvlnc rate*: Sterling 0 6060 US dollar 1 1336 NEW ZEALAND Sterling 0 5293/0 5265 US dollar 1 0254/ 1 015461 words
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Article51 1978-01-21 4 RESULTS of tender held on Jan 20 for 91-day Treasury bills to be Issued from Jan 23 to Jan 27: Offered: 110.000,000 Applied far: 537.300.000 Allotted: $10 000 000 Accepted bids: m 20 approximately 31%; higher bids in full Average rate at discount aa aliatment: 3 190S51 words
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Page 4 Advertisements
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Advertisement168 1978-01-21 4 r r 11 MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE ASM RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide tp the latest developments that have taken ploce in all important sectors of the economies of countries in East and Southeast Asia. The168 words
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Advertisement170 1978-01-21 4 MR. BUSINESSMAN: Is Business stack? Need more customers? Selective buyers consult the Yellow Pages. Many businesses have found Yellow Pages to be their best (and least costly) salesman in these difficult times. WHY? 1. 24-Hour Availability 365 Days A Yeer. No vacations, no tea breaks, works for you all the170 words
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TRANSPORT
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Article, Illustration528 1978-01-21 5 RAHIM KASSIM - By RAHIM KASSIM CHANOI Airport, when completed In 1980, will have modern, up-to-date facilities for the convenience of disabled travellers. The facilities will Include aero-brldges, travellators, special toilets and lifts. At the passenger terminal there will be Inclined and horizontal travellators and ramps.528 words
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Article, Illustration721 1978-01-21 5 TERESA LIM - EMPTY BERTHS WILL BE COMMON By TERESA LIM THE BOOM In port construction In West Asia Is beginning to slacken at last. While port congestion has been the order of the day these last few years, empty berths may be common from 1984 onwards.721 words
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Article332 1978-01-21 5 AIRCRAFT deliveries at Lockheed-Georgia of the US fell from 77 In 1976 to 71 last year. Hercules deliveries dropped 25 per cent to 54 from a 197e total of 72, reflecting the effect of, the Arms Export Control Act of 1976 which has reduced new332 words
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Article, Illustration396 1978-01-21 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Barge Intermac 312 (0700 alongside Tal Ping) 3/4 Bravery (after Stolt Spur sails subject gas free) 15/16 Chosel Maru (Car carrier JAWH) (1800 after Ernebank) 33/34 High Glory (2100 after Golden Glory) 25/28 Hugheverett (2100) 18 Jllfar (1200 after Jeanne Labourbe Ernebank) 35/36396 words
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168 1978-01-21 5 THE Russian Arctic and Antartlc Institute has ordered a research Icebreaker from Leningrad's Admiralty Yard. The Otto Shmldt will have 14 laboratories for oceanologists. weather scientists, glaclologlsts and hydrologlsts. It will serve as a kind or floating branch of the institute. Its design incorporates special168 words
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Article210 1978-01-21 5 AP THE London freight market yesterday saw a drop tn the rate for large bulk carriers moving US Oulf grain to Holland. After several months at U555.25 (SSI2) (FIO), the rate dropped by 25 cents when Bunge secured the bulk-oil carrier Sauda at S5 (FIO) for aAP - 210 words
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Article44 1978-01-21 5 PREMIER Chiang Chlngkuo yesterday Instructed the Ministry of Communications to expand Taiwan's merchant fleet to meet growing demands of foreign trade. Speedy expansion of the number of local cargo ships Is urgently required to lessen Taiwan's heavy reliance on foreign ships.44 words
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Article101 1978-01-21 5 Reuter JAPAN Line will probably be allowed to defer repayment of Its loans for one year, instead of three as requested by the company. A spokesman of the semiofficial Japan Development Bank said a three-year deferrment would be tantamount to setting a precedent. But he said, however, aReuter - 101 words
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Article132 1978-01-21 5 SAFMARINE Service provides a fortnightly frequency of sailings between Singapore and other Southeast Asian ports. Trade: 81ngapore/South Africa. Siagapore agents: Malay States Shipping Company. Ports of call: Durban, Capetown, Port Elizabeth. East London and Maputo. Frequency of service: fortnightly. Major typos of cargo: rubber, timber, paraffin wax, produce132 words
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Article687 1978-01-21 5 ARRIVALS Service Operator Number Local Time From CAL CI333 0040 TPE/HKG/KUL CPA CX003 0145 HKG TMA TL302B 0530 TPE MAS MH601 0715 KUL MAS MH682 0810 KCH SIA SQ101 0815 KUL MAS MH621 0635 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL CAL CI814 1000 HLP687 words
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Article96 1978-01-21 5 AP MALAYSIA and Bangladesh began talks on an air service agreement yesterday. Communications Minister V. Manlckavasagam said the agreement would pave the way for the airlines of both countries to operate between Kuala Lumpur and Dacca. Mr. Manlckavagasam said the talks with Bangladesh Minister of AviationAP - 96 words
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Advertisement314 1978-01-21 5 IN PENGUINS Yukio Mishima firmly upheld the traditions of Japan's imperial past, which he believed were being slowly eroded by Western materialism. Disillusioned he astonished the worlcf in 1970 by committing hara-kiri or ritual suicide by disembowelment. One of his last works, Runaway Horses, is now published in Penguins. Like314 words
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554 1978-01-21 6 IT IS perhaps not In the nature of the Japanese to give anything away. Even when they do so they do it badly. The members of the Multi-lateral Trade Negotiations on lowering tariffs and nontariff barriers have received the Japanese offering. At554 words
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Article, Illustration2215 1978-01-21 6 A NEW BREED of specialised ■«<! independent business consultants is emerging the 'social responsibility consultants.' They may be the only solution if business is to combat increasing attacks from those who, under the convenient cloak of ethics and morals, are really concerned toFT - 2,215 words
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Page 6 Advertisements
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Page 6 Miscellaneous
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Miscellaneous67 1978-01-21 6 LWEATHER WE A THER outlook for Singapore from 6 am to noon today:- isolated showers in the late morning. Report for 24 hours prior to 7.30 pm on Jan 20 at the airport. Maximum Temperature 30.8° C Associated Humidity 66 Minimum Temperature 23.4° C Associated Humidity Hours of Sunshine 9.867 words
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Miscellaneous338 1978-01-21 6 TV RADIO SINGAPORE 1.00 P.M. Opening announcements followed by Sesame Street 2.00 Saturday Matinee The Night Fighters, starring Robert Mitchum, Dan O'Herlihy, Anne Heywood, Cyril Cusack, Richard Harris 3.30 What's My Line 3.50 Soccer Singapore vs. Atvidabergs (Repeat) 4.45 Classic Keystone Comedy Capers 500 Sandiwara (Malay Drama) 5.40 Little House338 words
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Article546 1978-01-21 7 THE WHOLE issue of morality and business and whether they blend happily has been very much In the headlines lately. Quite a natural outcome of the numerous scandals on pay-offs and political contributions that have emerged in the last few years. But the subject546 words
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Article832 1978-01-21 7 I NOTICED from the recent Top Hundred In Business Times that size is a fairly relative factor as far as companies are concerned The top four companies measured by their assets were all banks, with the mighty Slme Darby group lying fifth. v Nosing into their832 words
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Article, Illustration1556 1978-01-21 7 ANN CRITTENDEN - By ANN CRITTENDEN NEW YORK: The power to vote stock in the US' largest corporations is concentrated in fewer than two dozen Institutional Investors, the majority of them banks, according to a new study by the staff of a Senate subcommittee. Of1,556 words
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943 1978-01-21 7 JOHN DRYSDALE - (FORUM i r i ...on economics t a By JOHN DRYSDALE ON WEDNESDAY, among other titbits for our dally diet of overseas news, Singapore's press selected three public statements which were made Independently of each other but which, taken together, are of such significance943 words
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Page 7 Advertisements
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Advertisement207 1978-01-21 7 ig about KLM's iss is absolutely first class and more. Its special stands for a lot of privileges. allowance is 50% higher. Your luggage f the plane for a fast getaway. You are entitled to heck-in facilities at airports. And exclusive i lounges to relax in. too good to be207 words
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Page 7 Miscellaneous
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Miscellaneous14 1978-01-21 7 BilStoW"-' r.-arLk D: ZrteiiS IH[ IE vjMme. orf to? ujUPCT Fo<3 NOTV4»HG eao top14 words
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INTERNATIONAL STOCK MARKETS
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Article310 1978-01-21 8 HONOKONO: Share prices eased yesterday across the board on profit-taking, but recovered near the close an light buying, dealers said. Trading was active. Property khares eased slightly in narrow fluctuations. changes totalled $30.36 million compared with 24.26 million* previously. JAN HK» Am*i Rubber Associated Houu 2 54 Bowaters Cheonc310 words
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Article399 1978-01-21 8 TOKYO: Share prices closed slightly lower yesterday with President Carter's state of the union message having virtually no effect on the market, dealers said. 2.05 to close at 5,064.10 with volume of 300 million shares. The New Index closed at 375.59, down 0.40. The second market was higher with399 words
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Article141 1978-01-21 8 MANILA: The stock market closed mixed yesterday with mining and commercial averages gaining slightly while oils declined. 4 Turnover rose to 3.47 million pesos from Thursday's 1.59 million. JAN Peso* Acoje Mining OM unch Atlas Con A 13.50 -0 2 Atlas Con. 8 13 60 -0.4 Baguto Oold 0084141 words
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Article318 1978-01-21 8 SYDNEY: The stock market cloMd mind yesterday with miners weaker, industrials generally firm and oils steady. HHP k 4 two cents to Att.tt white th* j«ik «r NSW eased four to $9.22. In minings Utah recovered five to $3.20 while PuCoatiMaul held steady at 11.40. Ampol ex ruled steady318 words
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Article265 1978-01-21 8 AMSTERDAM. Shares were mixed In quiet tradjng on Thursday, with Internationals 10 to 30 cents lower, and transports apart from Nedlloyd weaker. JAN I* FU Ahold W 50 0 5 Akjo 23 70 unch Algbank 338 00 2.5 AMEV 75 00 +0 3 Am fas 102 50 2.2 Amrot265 words
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Article73 1978-01-21 8 BRUSSELS: Belgian share K rices were mixed to mostly igher in more active trading on Thursday, bourse sources said. JAN I* Fit FORWARD MARKET Acec Arbed Astur Brascan Bru-Lamb Canpac 14M Cock Dr Bern Ebcs 372 -t-2 158 >2 2380 +25 Electrobrl Gb-Inno-Bm 6180 +30 Gev Hobo* Prtro Ryl73 words
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Article158 1978-01-21 8 JAN Bahts Asu Fibre 214 4-J Bangkok Bank 391 -2 Bangkok Invest 38a ♦a Bangkok-Metro-politan Bank Bata 780 10 BerllJucker 522 ♦4 CarpetIntnl 388 -I Charoong That Wire Dumex Duslt Thanl 338 4-12 Faber Merlin First Trust 405 unch Genera Finance 386 -4 Indo-Thal 422 22 Industrial Finance Corp158 words
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Article229 1978-01-21 8 FRANKFURT: Shares closed mainly weaker on Thursday. In quiet trading on further profit taking and position closing, dealers said. JAN I* Dm ♦A Aef-TelefunJwn 93 JOB Akjo a -8 4 Allx Leben MO unch AIU Vers 4M ♦4 BASF 140 70 0 8 BuyHTWbank 291B Buy Vbank 313 -5229 words
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Article292 1978-01-21 8 PARIS: The market was mixed in dull trading on Thursday, dealers said. JAN I* Pr» CORBEILLE Air-Liquid* BSNGervaU Danone C SF (ThomsonC»f) Cle Francalae des Petroles Compagnle Ftnanciere t'ompagnle Generale Credit Ponder De France Hac telle (Libralrte) Machines Bull Mlchelln(B) Partbas Pechlney Clgtne Kuhlmann Peugeot• Philips (N*0«n Beat) PrlntemptSA292 words
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Article121 1978-01-21 8 MILAN: Stocks showed widespread operators covered short positions in moderate business on Thursday bourse sources said JAN It UK Anlc 125 25 0 25 Assoc Oen USOQ 290 Baslof i 380 21 Central? 3520 10 Mat 1912 4 FlrukJer 74 0 25 Oen Immob 73 2 IFIPrl 1908 unch121 words
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Article328 1978-01-21 8 JOHANNESBURO: Oold reversed an earlier easier trend to close generally harder on Thursday In moderate dealings following bullion price Indications. dealers said. JAN l« Rand INDUSTRIALS A Alpha 12S unch Abercom ISO unch AE And CI 230 AMIC MO Barlows 352 C| Sugar CNA 700 unch Cume Flnancc SO328 words
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Article64 1978-01-21 8 FINANCIAL TIMES INDUSTRIALS Thursday 486 0 Wednesday 478.3 Week Ago 479.4 DOW JONES AVERAGE INDUSTRIALS Thursday 778.87 Wednesday 788 30 Week Ago 778.15 LONDON DOLLAR PREMIUM Thursday 77 to 77* Wednesday 75 to 75* H.K. HANG SENG Thursday 402.18 Wednesday 397.06 Week Ago 384.41 SYDNEY INDUSTRIALS Thursday 406.86 Wednesday64 words
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Article216 1978-01-21 8 ZURICH: Prices closed quietly mixed on Thursday on Investor reserve pending that night's State of the Union message by President Carter, dealers said. The Credit Suisse Index rose 0.4 point to close at 230.4. JAN If francs 1 Action* Sulsses 270 unch AlusuisaeBr 1283 -S Alusuisae Reg. 557 -3216 words
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Article248 1978-01-21 8 TORONTO: A sharp decline in the heavily weighted metals index restrained a broad market recovery in active trading on Thursday. The Composite Index was up 1.7 points and all major sub-groups except papers and metals were higher Advances outnumbered declines 235 to 141. Closing volume totalled 2.972,892 shares against248 words
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Article843 1978-01-21 8 NEW YORK: Stock prices declined on Wall Street on Thursday, as Investors moved to the sidelines to await President Carter's State of the Union message Trading was active. Profit-taking also drew part of the blame for the decline, which followed two back-to-back gains. The D-J Industrial average, which843 words
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INTERNATIONAL COMPANY NEWS
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Article413 1978-01-21 8 EUROPEAN COMPANIES Reuter TURIN: Flat SPA obtained generally positive business results last year as a result of an Improvement in Its financial structure but not in its industrial profitability, chairman Giovanni Agnelli said. Profits last year are sufficient to guarantee dividend payment, he said in a letterReuter - 413 words
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Article38 1978-01-21 8 GRINDLAYS Bank Group said it has opened a branch of the bank in Seoul. South Korea. Bank chairman Nigel Robson said the branch should play a full part In the continuing growth of South Korea's International trade.38 words
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Article185 1978-01-21 8 NORTH AMERICAN COMPANIES Reuter RCA Corp. said most of Its divisions and subsidiaries Including "extraordinary posthumous demand" for Elvis Presley records contributed to record profits in the fourth quarter and the year. RCA's quarter profits were up 17 per cent to U5565.5 million, or 86 centsReuter - 185 words
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Article74 1978-01-21 8 US Securities and Exchange Commission chairman Harold M. Williams said the chief executive of a corporation should not be allowed to be the chairman of the board. He also said the Independence of the corporate board could not be expected If Its members consisted of management, outside74 words
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Article95 1978-01-21 8 B W reduces stake BABCOCK and Wilcox Company, which manufactures generating equipment, has agreed with a West German subsidiary, Babcock-Brown Boveri Reaktor GMBH, to reduce its stake in the Joint venture. Babcock and Wilcox said it would reduce its share of the company to 40 per cent from the current95 words
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Article18 1978-01-21 8 MANUFACTURERS Hanover Corp said it has opened a Dusseldorf, West Germany. braneh. Its third full-service German branch.18 words
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Article147 1978-01-21 8 ASIAN COMPANIES AP I SANYO Electric Co. of Japan said It plans to produce colour television sets in Italy Jointly with Emerson Electronics SPA of Italy. Sanyo officials said that under the plan, Emerson is to build a plant capable of iproduclng 80,000 colour television setsAP - 147 words
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Article133 1978-01-21 8 KUBOTA. announcing first half consolidated results, said it Is difficult to predict prospects for the whole fiscal year, because they are still ffuid. The Japanese manufacturer of agricultural equipment, Industrial pipe and machinery reported an 11.9 per cent decline in the consolidated net profit for the133 words
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Article140 1978-01-21 8 Reuter NCR Corp., the cash register and office equipment manufacturer, reported a 52.4 per cent gain In fourth quarter profits and a 50.2 per cent gain In profits for 1977. The company credited Increased profitability In Its domestic operations for the gains. NCR said Its fourth quarterReuter - 140 words
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Article142 1978-01-21 8 Reuter WESTINOHOUSE Electric Corp. reported a dip In fourth quarter earnings and a 12.3 per cent gain for the year. The company said its profits in the fourth quarter totalled U5561,042 million, or 70 cents a share, down 2.2 per cent from the year-ago quarter's $62,427 million (71Reuter - 142 words
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Page 8 Advertisements
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Advertisement327 1978-01-21 8 Sow boat i from China x~~ CHINA TRADE QUARTERLY Far East Publications RT 1913, Hanglung Centre, Patarson Street, Causeway Bay. Hong Kong. IPI ease enter my full subscription to China Trad* Quarterly. I am enclosing a cheque/money order for US$2OO.OO or equivalent in other currencies. I IPI ease forward issue(s).327 words
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Page 9 Advertisements
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Advertisement764 1978-01-21 9 >r H-L J-.Vv'A S *<s £5 V'-; *3 rt'liti i P' 4s-:,:'. ~v|* r -j r O i seiim< dnight ■■■<& IfcA S-,: •> m r-: -M yV f-*> sf: -> a r.-• v if- m?: r ?> 1 k' um si v «v Ht V M I v. I764 words
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Article1410 1978-01-21 10 BID and aflto petoee sOetolly Meted Mi bnlnsss 1b and rtfarM to ii Stock bcWvi Whin i n yinwtoj wtthtfco jili r slmros tlto* Mmm CnttMb in jwtoi ate the warid HfBMHMi (to letoe(2.«W Anita) in |Ht«d after the latter* 88. aacnoNONE INDUSmALfI Am (1.428 1.448) (1)1,410 words
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Article1487 1978-01-21 10 BID mad offer price* officially liated and busineaa in and reported to the Kuala Lumpur Sleek Exchange yesterday with the number of aharea traded atowa in bracketa in lota ti I.MO unita unleaa otherwise apecif led. INDUSTRIALS Asms (1.438). Alinsmsts (2.178). Aleem (2 MB 2.385) (4) 2.941,487 words
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Article188 1978-01-21 10 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer pricea and business done yesterday, with the number of options traded shown in brackets. Cold Storage (March 81.76) (0.328 O.MS) (June 81.76) (0.348 6.428) C a ad C (March188 words
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Article154 1978-01-21 10 SINGAPORE UNIT TRUST INCOME BOND UNIT (Manner*' prico tar Jaa Z») (Curr«a« pr teas) 100 1.19 177 189 INCOME BOND The Commerce The Saving Fund 109 I.IS 0.91 ON MARA BUMIPUTRA FUND S pore Prof Fund (Maaagrrs' pricei tar Jaa 11) S pore Security Fund 190 1.70 First154 words
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Article143 1978-01-21 10 4 3/4% 1/8/79 (250,000) (1M.078 100.708) 8 1/4% 16/16/79 250,000) (101.128 101 208) 5 3/4% 1/V7B-M (250,000) (101.10B) 6 3/4% 16/6/86 (2S0.000) (103.MB) 4 3/4% 16/6/ M (250,000) (M.458 M 558) 6 3/4% 1/12/ M (250,000) (103.MB) 8% T F 18/4/81 (250,000) (101 MB) 5% T F 18/16/81143 words
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Article51 1978-01-21 10 B O T 8 1/2% I*Bl (100.000) (100HB 101 *S) B O T 7 5/8% 1184 (100.000) (MB M*«S) DBS Co«verta 1/2% IMI (100.000) (95H8 97*8) D B 8 8 1/2% 1882 (100.000) (100.008 101.008) B I B V% 1882 (100.000) (100*B 101HS) BIB* 1/4% 1883 (100.000) (MB51 words
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Article2397 1978-01-21 10 1*77/1*71 Hie* Low r —W Urn Me 4arQr*s Mr Dte CSr or* y*m Net P/E Ve9 ("999) Day Hi«k Law SECTION ONI INDU81VIAL8 154 MO 119 249 88* 205 199 270 422 146 132 166 99 212 97* 196 146 192 390 91 Aetna Alcorn Allied Choc2,397 words
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Article1259 1978-01-21 10 January 19 ON the Chicago Board Options Exchange, a total of 109,841 contracts were traded compared with 119,434 on Wednesday. OPTION IAN APL ILY TOCl lllin nm Ateo* tiMM Am Tel AmTM AmTM AmTM AUR AUR AUR Avon ATOH-P Avon Aron-P A »oo Aron-P BuitAn ■utAa Bank1,259 words
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Page 10 Advertisements
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Advertisement168 1978-01-21 10 COLLKTINQ Oriental Antigwej L 3 SB I UN T 0 -•> V > Si S--OP *E+ by Judith Moorhouse and Dries Blitz Hamlyn Qroup, London. Oriental antiques have always fascinated collectors throughout the world, evoking as they do the exotic and Inscrutable East. It Is, however, widely believed that they168 words
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Article, Illustration625 1978-01-21 11 SINGAPORE SENTIMENT look a change for tW bettor in moderate ud selective trading on the Stock Exchange of Slnfaporo yesterday. Mock of the activity woe attributed to weekend covering account, especially on the big board where the grace period for delivery c« wo to625 words
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Article476 1978-01-21 11 VOLATILE issues flourished on the Kuala Lumpur Stock exchange yesterday with the emergence of strong speculative support which turned the market Into a hive of activity. Across a broad front, especially In the industrial sector, enthusiastic buyers were chasing speculative second and third liners to moderately higher476 words
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COMPANY NEWS
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2119 1978-01-21 11 LOW LEE CHOO - By LOW LEE CHOO IN A WORLD of rising tin demand at very attractive prices, Penang-based Datuk keramat Holdings la looking every bit a fortune's favourite. Its problems are little ones. If any. So long as It finds sufficient tin to smelt2,119 words
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Article316 1978-01-21 11 Current payment Ex Date Date payable Total for the year Total for previou* year Chin Tack S.M. Industrie* Berjuntai Tin Lower Perak Tin Utd M'cca Rubber K.T. Pan M Glaae 10* 5HITE 50% I 30HI SHI 7HI 7HTE(b) Dec 30 Jan 10 Jan 3 Dec Jan 9 Jan316 words
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Page 11 Advertisements
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Advertisement352 1978-01-21 11 TT FROM FEDERAL PUBLICATIONS I IM HI A m I M ft i ih m r'% m a step-by-step guide An easy to understand yet fully rewarding book on flower arrangement. Floral Creations, with its unusually lucid text and thoughtful illustrations, could make an expert flower arranger of even the352 words
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1137 1978-01-21 12 SOH TIANG KENG - i-LOSS OF FACE FOR SOME •y SOH TIANG KENG FINANCIAL experts have relied out prospects of more mergers among local banks next few years. !3n a seminar early this <wek, the Singapore Bank ■mployees' Union, suggested merging of more local banks as part1,137 words
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550 1978-01-21 12 Agencies THE International Energy Agency believes demand for Opec oil will be flat throughout this year. "Agency executive director Ulf Lanske said, after a meeting of the managing board on Thursday, that there are at present no Indication this situation will change, evenAgencies - 550 words
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Article711 1978-01-21 12 aNDON, Frl. The Financial nes Index was unavailable. "9eecham firmed lip while gains of between a penny and 4p wire scored by Glaxo, ICI, Bate, Unilever, Tube., GKN, Thorn and U(u. Among oils, BP reduced an easier loss of 6p to 2p while SMI put on sp. Leading711 words
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168 1978-01-21 12 UPI THE new head of the US Agency for International Development said yesterday American aid for Asia would Increase by US$lOO million (***** million), about 18 per cent more than In 1977-78. Mr. John Gllllgan, recently appointed administrator of the US agency,UPI - 168 words
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582 1978-01-21 12 Reuter INTERNATIONAL money brokers Astley and Pearce Ltd will formally apply to the Japanese authorities within the next few days to open for business in Tokyo. Its managing director John Ounn said If the application is accepted, Astley and Pearce would beReuter - 582 words
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Article546 1978-01-21 12 Reuter UPI JAPAN'B customs clearance trade surplus soared to U892.21 billion (895.10 billion) in December from 91.02 billion in November and 91.34 billion In December last year. The December surplus brought the preliminary surplus for the whole of 1977 to 99.75 billion, up from a surplusReuter; UPI - 546 words
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Article366 1978-01-21 12 COLIN CHEE - By COLIN CHEE MCLEOD Russel of London and Slpef of Antwerp have made an offer for the whole of the Issued share capita) of London Sumatra Plantations. The offer will be made by a new plantation company formed by McLeod Russel and Slpef with the support366 words
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Page 12 Advertisements
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Advertisement252 1978-01-21 12 The three bosk needs and the three ports of Britonnko 3 1. To get at th« facts often a single fact eesity and quiefcly, without hawing to raad a long articta in which that fact is embedded. This naad is served by tha 10-volume Micropaadia. or Raady Rafaranca and Index.252 words
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