The Business Times, 30 October 1976
1976-10-30
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The Business Times
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Title Section10 1976-10-30 1 BUSINESS TIMES M.C.(P) 1455/76 SATURDAY, OCTOBER 30, 1976 50 CENTS10 words
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NEWS SUMMARY
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Article32 1976-10-30 1 Reuter SINGAPORE, Fri Prime Minister Lee Kuan Yew tonight arrived back home after a' 13-day visit to Australia during which he held talks with Prime Minister Malcolm Fraser. Reuter.Reuter - 32 words
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Article62 1976-10-30 1 Reuter TOKYO, Frl. The Japan Chamber of Commerce and Industry today urged the Government to carry out swiftly a package of business-stimulating measures to pull out the nation's economy out of its current slowdown. A chamber spokesman said a resolution adopted by the chamber to this effectReuter - 62 words
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Article60 1976-10-30 1 Reuter CAIRO, Frl. The Arab League Bureau for Boycotting Israel has blacklisted the British firm Vickers and the American company Colgate. Under the boycott rules, foreign companies are given up to six months to comply with a request to stop dealing with Israel. If they decline, theyReuter - 60 words
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Article49 1976-10-30 1 Reuter GENEVA, Fri. Delegates to the Geneva conference on Rhodesia's future met for 90 minutes today and adjourned after hearing policy speeches by black and white leaders. Conference chairman Ivor Richard will announce the date of the next plenary session after private consultations with the delegates.Reuter - 49 words
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Article76 1976-10-30 1 Reuter NEW YORK, Fri. Citibank, the second largest US bank, today announced it was cutting its prime lending rate from 6% per cent to 6Vi from next Monday. The move followed an identical cut yesterday by Chicago's Continental Illinois National Bank and Trust, the seventh-largest AmericanReuter - 76 words
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Article44 1976-10-30 1 AP BEIRUT, Fri. Heavy fighting broke out in and around Beirut today, imperiling a nine-day-old ceasefire in Lebanon's 18-month civil war. Leftist Muslim and right wing Christian private armies traded nightlong grenade-throwing assaults and point-blank volleys of machine gun fire. AP.AP - 44 words
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Article34 1976-10-30 1 MANILA, Fri The Asian Development Bank (ADB) announced today West Germany has subscribed to additional shares In the bank, raising its capital subscription from US$lO3 million (***** million) to $192 million.34 words
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Article35 1976-10-30 1 LONDON, Frl. At 3 p.m. today, the Financial Times Index was up 8.5 at 279.0, prompted by sterling's rally on a report of a planned loan to finance the sterling balances.35 words
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Article44 1976-10-30 1 UPI NEW YORK, Frl Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 954.62, up 1.99; 20 transp 207.94 up 0.13; 15 utils 97.39, down 0.03; 65 stocks 300.50 up 0.41. UPIUPI - 44 words
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Chief Price Changes
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Article, Illustration161 1976-10-30 1 THE STOCK Exchange of Singapore yesterday closed marginally lower as the bear-covering activity of the previous two days petered out. The Business Times index dropped 1.62 points to 247.66 while the Straits Times Industrial average was practically unchanged at 247.98 compared with Thursday's 248.05. Rises Most active161 words
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Article100 1976-10-30 1 Falls Most active O.C.B.C. 18.05 -.15 Haw Par MaJex SI.86 -.03 206,000 M. Cement $2 73 !.07 Inchcape 119,000 Bt. Semb $2.24 -.04 Central Sugars 91,000 E.N.E. $2.07 -.03 General Lumber 61,000 U.O. Lm4 $1.05 -.03 Total Turnover: 1.15 M Ldn. Asiatic $2.86 -.03 Total Value: M$2.00100 words
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Article, Illustration790 1976-10-30 1 A COLOSSAL Msllbil IS PROVIDED MALAYSIAN Finance Minister, Tengku Razalelgh, yesterday proposed an annual depreciation allowance of 80 per cent on plant and machinery for 20 types of Industries in the next three years. This allowance is granted in lieu of the normal allowances prescribed790 words
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881 1976-10-30 1 THE FUTURE THE Malaysian economy is hopeful of attaining double digit growth in 1978 if real gross domestic product expands as expected at about 9 per cent in 1977. This is the message in Malaysian Finance Minister, Tengku Razaleigh's economic report for881 words
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Article649 1976-10-30 1 THE PAST MALAYSIA estimates that it will enjoy a growth rate of almost eight per cent in real Gross National Product terms this year. This was announced by the Malaysian Finance Minister Tengku Razalelgh In a review of the economy before presenting the649 words
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260 1976-10-30 1 KUALA LUMPUR, Fri. Bumiputra employeea numbered about 67,600 or 48 per cent of the total employment in approved new industrial projects at the end of July. In the managerial, technical and supervisory, and clerical levela they formed 17.25 and 26 per cent respectively260 words
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Article756 1976-10-30 1 MALAYSIA'S economic programme for the coming year is based on one basic premise. It is that the Western countries and Japan will continue the rate of growth (5.5 per qent estimated for 1976) experienced in the current year well into the next two years. Not only that they will756 words
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Page 1 Advertisements
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Advertisement27 1976-10-30 1 lim nl Duiti.o.j A Minmu >■.: 0 I*. 1 y isn CfiyktiJeweUers SEE PAGE 12 Commodities 2 Transport 6 pj Communication* P5 Feature* PC Local/ P7 Oversea* News27 words
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Advertisement125 1976-10-30 1 THE SMOOTH SIMPLE STYLE OF ft WmmmmkWM v, You have to drive the 504 to appreciate its excellent performance and high standard of engineering. Its pick-up, power, braking and reliability. Its economical 1971 cc petrol engine, giving minimum consumption for maximum efficiency. The endurance of its oversquare 4-cylinder inline engine125 words
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Advertisement92 1976-10-30 1 mim THE PWFECT INVESTMENT 3008 -4 See Page 2, Col. 10 TUkSMaltWhisky The Bz%ar Old Scotch. n the heart of the Scottish Highlands, Glenfiddich is distilled in handbeaten pot J stills. Then matured in oaken casks for eight years or more; untiHt is judged supremely smooth and mellow. Aye, it92 words
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MARKET REVIEW
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703 1976-10-30 2 Singapore BEARISH pressure was exerted on the Singapore stock market for the greater part of October which closed with leading market indicators showing losses ranging from three to 13 per cent. Throughout the period, Investment buying remained at a low ebb against a703 words
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207 1976-10-30 2 RONALD LAM - Compiled by RONALD LAM OTHER ANNOUNCEMENTS Haw Par Brothers International has reached agreement to sell the entire share capital of King's Road Development (a wholly-owned sub- sidlary) for HK518.37 million. The principal asset of KRDC Is a large residential and commercial property207 words
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Article369 1976-10-30 2 WITH the market preoccupied by the Malaysian Budget, which was presented to Parliament yesterday, the Kuala Lumpur Stock Exchange went through another dull week over the past five trading days. Except for Wednesday and Thursday, the erosion of share prices continued over the week. However, the two days of369 words
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Article69 1976-10-30 2 THE National Productivity Board's town training centre located on the 15th floor of the Hotel Royal Ramada at Newton Road was opened yesterday by NPB chairman Mr. O.C. Thlo. The town venue Is needed because'of the Increase in the number of courses conducted by the board, and69 words
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Article, Illustration1179 1976-10-30 2 IVAN FALLON - London IVAN FALLON THE LONDON Stock Market has had some bad weeks but even by recent appalling standards the last one must rank as one of the worst yet. In four trading days the Financial Times index lost 30.3 points or 10% per cent bringing1,179 words
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Article409 1976-10-30 2 THE Singapore Government has stepped up efforts to increase the flow of new Investments, especially those with high skill and technological content and the services Industries. It Is also encouraging the expansion of existing factories. This was stated by Mr. Sia Kah Hul, Minister of409 words
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Article92 1976-10-30 2 Reuter TOKYO, Frl Japan's September consumer price index rose 2.7 per cent to 111.7 (base 1975) from 108.80 In August, when It was down 0.8 per cent from the preceding month, the Prime Minister's Office said. The Prime Minister's Office said the September Index was upReuter - 92 words
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Article55 1976-10-30 2 Reuter TOKYO, Fri. Bank of Ja£an governor Tellchlro orlnaga said the tempo of Japan's economic recovery Is still slowing reflecting sluggish demand both at home and abroad. He told a press conference, however, he will maintain current monetary policy and sees no need to change bank rateReuter - 55 words
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Article36 1976-10-30 2 UPI TOKYO, Fri. A Japanese mission will leave for Peking on Nov 4 to start longdelayed negotiations for fertiliser exports to China, the Japan Urea and Ammonium Sulphate Industry Association said on Wednesday. UPIUPI - 36 words
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Article257 1976-10-30 2 Reuter TOKYO, Fri. Japan's overall balance of payments surplus rose to US$42B million (511.048 billion) in September from $107 minion In August, owing to a doubling of Its trade surplus, the Finance Ministry said. The September surplus, which was a revised figure, compared to a deficitReuter - 257 words
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134 1976-10-30 2 Reuter TOKYO, Fri. Deputy Prise Minister Take* Fukuda said the Cabinet Council ef Economic Ministers will Mtt around Nov 10 te review the nntion's eoonotnic outlook and devise Measures to boost buftineM conditions if itoMitry. Mr. Fukuda, who Is aloo director-general ef the Economic PlanningReuter - 134 words
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161 1976-10-30 2 UPI TOKYO, Fri. For the first time since last February, Japan's export and import contracts concluded in September by 14 major trading houses declined from year-ago levels, the Japan Foreign Trade Council said yesterday. The Council said it was chiefly due to a slumpUPI - 161 words
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Article329 1976-10-30 2 URANIUM stocks this week spearheaded one of the strongest rallies on the Sydney Stock Exchange trading floor, since the Liberal Government returned to power. With the "green light" provided by the longawaited Fox report, uraniums, which had already been gearing for such a favourable decision, took off on a329 words
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Article168 1976-10-30 2 Reuter LONDON, Fri. The EEC Commission will concentrate its efforts at keeping third country steel out of the EEC on negotiations with Japan, commission vice-president Henri Slmonet told Journalists. Following a meeting with the British Steel Corp (BSC) he said moves to limit EEC importsReuter - 168 words
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Article195 1976-10-30 2 AP AFTER a dismal performance In the second quarter of the year, the Malaysian stock market Is well on its way to recovery, "The Economic Report", preserlted to Parliament yesterday, said. Factors that helped boost local sentiments included the bullish performance of major overseas markets,AP - 195 words
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Article127 1976-10-30 2 Reuter THE Malaysian Government raised base levels for export duty surcharge on rubber, tin and palm oil. Finance Minister Tengku Razalelgh Hamzah said In his 1977 budget speech the minimum price on which export duties would be charged would be raised as follows (previous in brackets):Reuter - 127 words
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Article51 1976-10-30 2 Reuter LONDON, Fri. Tin and rubber shares were little changed after news that the Malaysian government is to raise the levels of export duty on rubber, tin and palm oil, dealers said. Tins were steady to a penny or so firmer in places and rubbers were quietlyReuter - 51 words
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Article67 1976-10-30 2 AP COLOMBO, Fri. The Sri Lanka rupee was revalued on Wednesday by 46 cents to 13.9572 rupees per pound sterling in reaction to the pound's depreciation in international currency markets. The value of the US dollar went up 10 cents from 8.6736 to 8.7753 rupees per dollar,AP - 67 words
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Page 2 Advertisements
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Advertisement32 1976-10-30 2 MOTHER OPPORTUIIITV THE SinCHPORE SWEEP j hNA W 1 "Vff «.rv, v> :<* v -K-r-* I -.i V* DRAW DATE: 4th NOVEMBER 1976 YENIE: HONG UN PARK AT 6.39 P.M. 'ALL ARE WELCOME'32 words
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Page 2 Miscellaneous
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Miscellaneous24 1976-10-30 2 Bristol FianiC DicieaS >yOv*2 PUPSt. ine cuesTfeß-ptejacy V-JOR<S OLTO*JG> COPcues w-tppye just PCRNCD PCT South CF« Tb TMC ULLS', f I£JS GET VOUTR neßt24 words
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Miscellaneous291 1976-10-30 2 SINGAPORE 5 PM Opening Announcements followed by Sesame Street Saturday Matinee "The Case Against Brooklyn" Starring: Darren McGavin, Maggie Hayes, Warren Stevens, Peggy McCay Hazel "Piccolo Mondo" (r) Debate For Tertiary Institutions 76 (Final) (r) Sandiwara A Malay drama entitled "Mata" (r) The Rookies "Shadow Of A Man" Fokas (Malay)291 words
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OVERSEAS
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Article173 1976-10-30 3 Reuter LONDON, Frl The 70strong moderate "manifesto" group of Labour Members of Parliament published a policy document supporting the government's economic strategy but calling for selective import controls, an import deposit scheme and the funding of sterling balances through international or European sponsorship. TheReuter - 173 words
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146 1976-10-30 3 Reuter LONDON, Frl. The International Monetary Fund should repay the sterling balance holders in foreign currency and allow the UK to pay off its obligations to the fund over a 50-year period, Labour Member of Parliament Brian Sedgemore said In the left-wing Tribune group'sReuter - 146 words
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Article105 1976-10-30 3 Reuter LONDON, Fri. Shell UK Oil said it is raising wholesale prices of its petroleum products in the UK by between 3.5p and 4.0p (Singapore 13 cents to 15 cents) per 4.5 litres as a result of the decline in sterling up to end-September. Shell saidReuter - 105 words
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Article422 1976-10-30 3 Reuter LONDON,'FrI. The UK Treasury declined to comment on a BBC radio and television report that Britain is seeking to negotiate a t'7 to £10 billion (5526.9 to $38.5 billion) loan to relieve pressure on sterling balances held by foreigners. The Treasury also declined commentReuter - 422 words
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Article244 1976-10-30 3 Reuter BRUSSELS, Frl. Common Market experts have stepped up efforts to see how the community can aid Britain following this week's further sharp drop in sterling, informed sources said. The sources said although no concrete blueprints have been drawn up, the EEC commission isReuter - 244 words
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Article223 1976-10-30 3 Reuter TOKYO, Frl. Japan has received no approach for a €10 billion (5538.5 billion) loan or standby credit to fund Britain's sterling balances, Finance Ministry sources said. The sources were commenting on the BBC radio and television Business Week's reports. The sources said no countriesReuter - 223 words
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Article317 1976-10-30 3 Reuter JAKARTA, Fri. The Indonesian Government has decided to discontinue a US$2l6 million (***** million) floating fertiliser plant in East Kalimantan, a Trade Ministry spokesman said today. The spokesman said the decision came after Trade Minister Radius Prawlro conferred with President Suharto yesterday on the scrappingReuter - 317 words
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Article80 1976-10-30 3 AP WELLINGTON, Frl. Hunt International and Philips Petroleum, Joint partners In a New Zealand oil exploration venture, today said they would halt their project. The decision followed a government proposal to &lace a new levy of Zs3(Ss6.9o) per barrel on petroleum. A Hunt spokesman told reporters theAP - 80 words
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Article144 1976-10-30 3 Reuter LONDON, Frl. The government should introduce £3 billion (8*11.5 billion) of spending cuts and allocate £2,000 million of this to investment grants at a rate of 50 per cent of the money spent on each projects, Sir Frederick Catherwood, chairman of the British OverseasReuter - 144 words
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Article121 1976-10-30 3 Reuter LONDON, Fri. European commission vice-president Henri Simonet said a stern deflationary policy would not help cure Britain's economic problems. UK government spending should be maintained at least at present levels, he told Journalists during a press conference following talks he held with the BritishReuter - 121 words
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270 1976-10-30 3 AP WASHINGTON, Frl. The Ford Administration has approved the sale of two advanced computers to China as a gesture of support for the new Peking regime, Government officials said last night. Informed sources said Secretary of State Henry Kissinger pressed for the approval overAP - 270 words
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143 1976-10-30 3 Reuter PARIS, Frl. Traditional donor countries to the< International Development Association (IDA) seem prepared to pledge about US$7 billion (5117.2 billion) when iU existing funds run out next year,, British officials said yesterday. The World Bank Is seeking $9 billion dollars for the IDA,Reuter - 143 words
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425 1976-10-30 3 AP JAKARTA, Fri. Lessons learned the hard way during a severe drought In 1972-73 are helping ease Indonesia through its current dry spell. Rice stocks are adequate and imports are continuing, according to government and private sources. Parched areas Include east and central Java,AP - 425 words
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Article457 1976-10-30 3 Reuter CLEVELAND (Ohio), Fri. President Ford's campaign chief said his candidate has overtaken Democratic challenger Jimmy Carter in Texas and is pressing hard in North and South Carolina. Chief of staff Richard Cheney, regarded as rarely given to exaggeration, told reporters yesterday: "We have cracked theReuter - 457 words
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212 1976-10-30 3 Reuter WASHINGTON, Frl. The US trade deficit rose slightly In September to a seasonally adjusted U*****.9 million (811.9 million) from 1757.7 million in August, the Commerce Department said. Exports rose to $9.87 billion from $9.69 billion and Imports rose to $10.65 billionReuter - 212 words
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Article93 1976-10-30 3 Reuter INDIANAPOLIS, Frl. President Ford legislative priority If elected next Tuesday will be to ask Congress for a US$lO billion (5524.5 billion) cut in taxes, much of which would benefit individual taxpayers. Mr. Ford requested the last Congress to approve tax cuts totalling $28 billion, but CongressReuter - 93 words
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Article70 1976-10-30 3 Reuter WASHINGTON, Frl. Democratic presidential candidate Jimmy Carter's economic adviser, Mr. Lawrence Klein, said the US economy is heading for another cyclical slowdown In 1978-79 under present economic policies. "We are almost certain to have another growth slowdown In '78 or '79 If nothing Is done,"Reuter - 70 words
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Article66 1976-10-30 3 AP WASHINGTON, Frl.— The US Justice Department Is investigating allegedly illegal shipments of handguns and rifles from two major Americas arms manufacturers to sporting goods dealers in South Africa. Chief Assistant US attorney H. James Pickerstein in New Haven, Connecticut, confirmed the Investigation of Colt IndustriesAP - 66 words
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Article220 1976-10-30 3 LONDON t Frl-wrhe board of management of Comltextll (the co-ordinating committee for the textile industries in the EEC) told the EEC Commission there should be re-establishment as soon as .possible of a balance in external trade, which implies community action on both exports and imports.220 words
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Article26 1976-10-30 3 AP TOKYO, Frl. The 3ovlet Union told Japan yesterday it was postponing Indefinitely an economic conference on Japanese participation in Siberian development prpjects.— AP.AP - 26 words
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Article122 1976-10-30 3 AP WASHINGTON, Frl. The International Monetary Fund, which auctioned 779,200 ounces of gold Wednesday at an average price of 1117.71 an ounce, will hold its next gold auction Dec 8, the agency said yesterday. As with the four previous auctions, the fund said It will put 780,000AP - 122 words
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Article221 1976-10-30 3 Reuter LONDON, Frl. Government interference in commodity markets undermines confidence and makes a fr.ee and fair market an impossibility, London Metal Exchange (LME) committee chairman Fred Wolff said. He told the annual LME dinner international commodity markets cannot tolerate interference by governments or otherReuter - 221 words
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Article41 1976-10-30 3 UPI TOKYO, Frl Japan has signed a U5566.67 million (*****.34 million) cement plant export contract with Vietnam, Industry sources said on Wednesday. The sources said this Is Japan's first plant sale to Vietnam since Its unification last July. upiUPI - 41 words
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Page 3 Advertisements
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Advertisement60 1976-10-30 3 great n derby KUALA LUMPUR 30th Oct. 1976 SINGAPORE 6th. Nov. 1976 IPOH 20th. Nov. 1976 contact construction equipment FOR SALE USED GENERATING SETS ENGLISH ELECTRIC MODEL 12CSV 1000 KW, 6600 VOLTS, 3 PHASE, 50 CYCLES, 750 RPM, COMPLETE WITH SWITCH PANEL, THREE UNITS AVAILABLE POR FURTHER DETAILS WRITE TO:60 words
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Advertisement316 1976-10-30 3 Many cars offer some of the things a\folvo does. No car in the same class offers all the things aVbho does. This sounds like quite a claim. But if you check this list against any other car of the same class, you'll find that we're not just making idle talk.316 words
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COMPANY NEWS
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555 1976-10-30 4 FOR the year ended May 31. 1976 group pre-tax profits at Kemayan Oil Palm have risen 42.2 per cent to a record M 54.03 million on the back of an increase of 20.8 per cent in fresh fruit bunches output to 39,033 tons. That said,555 words
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296 1976-10-30 4 LOSSES at Sungei Besi Mines have continued into the current year, with the company suffering a higher net deficit of 1500,000 (115,000) for the first six months ended Sept 30, 1976. The continuing low tin output adversely affected interim results. Tin ore production296 words
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687 1976-10-30 4 WORLDWIDE Holdings investment in Florida property via Oversea United International is worthless in the short term. Worldwide's director, Mr. Frank Farrow, has confirmed. Mr. Farrow who was in Kuala Lumpur, for the past week, told Business Times that he thought the OUI shares could be sold687 words
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Article294 1976-10-30 4 Aluminium Company of Malaysia Berhad has announced the following changes in the directorate of the company: Mr. J.W. Knapp resigned from the Board of Directors with effect from Sept 30. Mr. P. Feakin was appointed a director with effect from Oct 4 to replace Mr Knapp. Mr.294 words
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COMPANY MEETINGS
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27 1976-10-30 4 THE following company meetings are due: Oct. 30, noon, Registered Office, No. 22 (Upper Floor of No. 20), Jalan Gelanggong, Malacca.27 words
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Article19 1976-10-30 4 Oct. 30, noon, Registered Office, UOB Building, No. 1 Bonham Street, Raffles Place, Singapore 1.19 words
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Article14 1976-10-30 4 Oct 30, 12.30 p.m., company's offices at Tasek Industrial Estate. Ipoh.14 words
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Article16 1976-10-30 4 (Malaysia) Bhd.: Nov. 4, 11 a.m., Vlrglna Park. Jalan University, Petaling Jaya.16 words
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Article11 1976-10-30 4 Nov. 5, noon, Regency Room, Raffles Hotel, Singapore.11 words
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Article19 1976-10-30 4 Nov. 9, 10 a.m.. Registered Office, Penthouse, 10th Floor, Wisma Central. Jalan Ampang, Kuala Lumpur.19 words
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Article14 1976-10-30 4 Nov. 9, 10 a.m.. Registered Office, 25" Beach Street. Penang.14 words
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Article15 1976-10-30 4 Nov. 12, 11 a.m. Registered Office, No. 50 Jalan Ampang, Kuala Lumpur.15 words
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Article13 1976-10-30 4 Robinson Company Ltd. Nov. 11, noon, Regency Room. Raffles Hotel. Beach Road. Singapore.13 words
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Article19 1976-10-30 4 Nov. 15, 3 p.m. at the Johore Bahru Rest House, Jalan Sungei Chat, Johore Bahru.19 words
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19 1976-10-30 4 Nov. 17, 12 noon. Registered Office, 7th Floor. Grand Building, Philip Street, Singapore 1.19 words
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Article17 1976-10-30 4 Nov. 17, 12 noon, at the Regent of Kuala Lumpur, Jalan Imbi, Kuala Lumpur.17 words
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Article15 1976-10-30 4 Nov. 18, 12 noon, at the Kuala Lumpur Hilton Hotel. Kuala Lumpur.15 words
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Article19 1976-10-30 4 Nov. 19. 12 noon, at the United Nations Room, The Regent of Kuala Lumpur Hotel.19 words
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Article16 1976-10-30 4 Nov. 27, 5 E Foh Chong Building. 66 Jalan Ibrahim. Johore Bahru.16 words
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Article13 1976-10-30 4 Nov. 30, Registered Office, Sungei Way Brewery Petaling Jaya, Selangor.13 words
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Article360 1976-10-30 4 Current Ex Date Total for Total far payment Date pay a Me the year previou* year Bukit Katil 10% Oct. 8 Oct. 30 10% 20% H. GiiniUa 5*+ Oct. 12 Oct. 30 5%+ 15% Malayaa Credit 7.5* Sept 8 Oct 30 7.5% 10% S'pmFiitwc 12% Oct. 13 Oct360 words
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Article91 1976-10-30 4 THE Stock Exchange of Singapore has announced that from Monday there will be two quotations for Sime Darby's 10 per cent unsecured loan stock 1978, of which M 575.62 million were outstanding as at end-June 1976. They will be designated 'M' for Malaysian dollar denominated loan stock in91 words
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Article60 1976-10-30 4 THE Hongkong Stock Exchange has approved the listing of United Overseas Bank's 47.06 million new $1 shares arising from its scrip issue of one-for-10 and rights issue of one-for-three at $3 each. The approval is conditional on shareholders' approving the necessary resolutions at the forthcoming EGM, according to60 words
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Latest results
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Article80 1976-10-30 4 UNITED INDUSTRIAL CORPORATION Group pre-tax profit of $7.36 million ($8.12 million) for the year ended July 31, 1976. Parent profit was $7.7 million ($7.7 million). Scrip issue of one-for-four. raising paid-up capital from $14.17 million to $17.72 million. Dividend 20 per cent less tax (18.3 per cent, comprising 1580 words
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Article42 1976-10-30 4 UNILITE ELECTRICAL INDUSTRIES Group loss of M 5763,741 (loss $940,163) for the first six months ended June 30, 1976. Turnover $3.81 million ($3.38 million). Depreciation $317,445 ($285,356). Parent loss was $759,551 (loss $941,402). Turnover $3.8 million ($3.34 million). Depreciation $317,230 ($285,107).42 words
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Article49 1976-10-30 4 FEDERAL CABLES WIRES AND METAL MANUFACTURING Group pre-tax loss of M 53.21 million (profit $2.61 million) for the year ended Dec 31, 1975. Tax $345,754 ($l.l million) and minorities $758,875 ($236,665). Net loss attributable to group $2.79 million (profit $1.27 million) before extraordinary losses of $341,093 (nil).49 words
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Article185 1976-10-30 4 Reuter TOKYO, Fri. For the third quarter ended Aug 20. 1976, consolidated net income at Matsushita Electrical Industrial was US$59 million ($24 million) on sales of $1,463 million ($1,128 million). Net income per share was 5.9 cents (2.4 cents). For the nine months, net income was $158 millionReuter - 185 words
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Article80 1976-10-30 4 Reuter PARIS, Fri. Generale Occidentale has reported group net profit of 158.' million francs (ro m; rative figures) ended June 30, nover of 14.5 bi Consolidated butable to Ger identale was 6. on francs (13.3 milli a). The company to pay a higher toU.. dividend of 8.25 francsReuter - 80 words
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881 1976-10-30 4 JAMES FORTH - By JAMES FORTH Financial Times THE next two months will Erove important for Austraan retailers. After almost two and a-half years of stagnant sales in real terms, the retailers are fervently hoping that recent government budgetary measures will coax the public into unbuttoning theirFinancial Times - 881 words
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Article1060 1976-10-30 4 On October 28 PRICES on the Chicago Board Options Exchange declined on Thursday, Losers topped gainers. 277 to 158. CBOE volume approximated 77,355 contracts, compared with 68,993 contracts on Wednesday. OPTION JAN APL JLY Alcoa 4S 101/4 NOL NOL 54 3/4 Alcoa SO 5 5/8 UNTRD UNTRD1,060 words
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Page 4 Advertisements
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Advertisement85 1976-10-30 4 A wealth of answers to scientific phenomena LIFE SCIENCE lIKKAKV A thousand questions you've asked but never had answers to. Now to be found in these fantastic volumes from Life Science Library. Vast information on every conceivable branch of science. The power of pure energy molecular theory mathematics the human85 words
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INTERNATIONAL COMPANY NEWS
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728 1976-10-30 5 NYT NEW YORK, Frl. Hughes Tool the world's largest manufacturer of oil and gas drilling bits and an investor favourite in an era of feverish exploration (or new energy sources surprised Wall Street after the close on trading on Wednesday by reporting a sharp dropNYT - 728 words
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Article509 1976-10-30 5 LOS ANGELES. Fri. After enjoying buoyant profit performance in the first half-year. Northrop Corp slipped badly in the third quarter because of nonrecurring loss of US$ll.4 million. Net income plunged 59.7 per cent to $2.9 million to leave earnings per primary share 63.8 per cent509 words
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Article102 1976-10-30 5 Reuter NEW YORK, Fri. Including an investment tax credit of US$2B.5 million from the acquisition of Ecol in September, third quarter net profit at Marathon jumped 91.6 per cent to $64.1 million ($33.46 million). For the nine months, profit totalled $136.65 million ($86.31 million). Revenue was $2.73Reuter - 102 words
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Article29 1976-10-30 5 ZURICH, Fri. The city of Oslo 80 million franc per cent 15-year Swiss loan was heavily oversubscribed at its issue price of 98.5 per cent, Schweizerische Kreditanstalt said.29 words
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Article49 1976-10-30 5 LONDON, FRI. The amount of the Canadian National Railways 10-year Eurobond has been ralsed'to US$B5 million from the $75 million originally planned because of heavy demand, Credit Suisse White Weld said as co-manager. The coupon Is still expected to be 8 per cent with pricing on Nov 2.49 words
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Article193 1976-10-30 5 Reuter TOKYO, Fri. Nonconsolidated after-tax profit at Hitachi surged 87.2 per cent to 15,238 million yen (8,138 million yen) in the first half-year ended Sept Gross sales rose by 15.7 per cent to 622.27 billion yen (537.78 billion yen). It is raising the interim dividend fromReuter - 193 words
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Article22 1976-10-30 5 PARIS, Fri. First 1976 half provisional net profit at Peugeot was 113.78 million francs compared with 82.24 million francs last time.22 words
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Article129 1976-10-30 5 Reuter LONDON, Fri. Actual growth in western world copper consumption will probably be less than the long-term average four per cent increase, president of Wouthwire Mr. Roy Richards, said. Despite the growth In aluminium usage, copper should remain a most important raw material for all wire manufacturers,Reuter - 129 words
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Article226 1976-10-30 5 SYDNEY, Fri. QBE Insurance Group has reported consolidated net operating profit of A 53.2 million for the year to June 30, IJ7$, against a loss of 15.4 million lnat time. The latest resolu include abnormal net credits of 11.47 million ($1.26 million). After deduction of an extraordinary item,226 words
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Article151 1976-10-30 5 NEW YORK, Fri. The setback at W. R. Grace in the current year is continuing, with third quarter net profit falling 30 per cent to US$2B.B million ($41.5 million) though sales rose slightly from $841.7 million to $854.1 million. For the nine months, profit fell by 36151 words
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Article121 1976-10-30 5 NEW YORK, Fri. A 10.1 per cent increase in net profit to U5531.86 million ($28.93 million) in the third quarter has been reported by Amerada Hess. For the nine months, profit rose 17 per cent to $105.38 million ($90.06 million) on a sales increase of 23.2 per121 words
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Article234 1976-10-30 5 Reuter NEW YORK, Fri. Exxon Corp said it declared a cash dividend of 70 US cents a share, payable Dec 10, record Nov 12. The company said In a statement this brings total dividend payments for 1976 to *2.725 compared with $2.50 in 1975 as adjusted forReuter - 234 words
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Article33 1976-10-30 5 PARIS, Fri. Citroen has reported first 1976 half provisional net profit of 2.88 million francs against 36.88 million francs last time which included capital gains on asset sales of 25 million francs.33 words
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Article178 1976-10-30 5 Reuter LONDON, Frl. For the first half-year ended June 30, 1976, pre-tax profit at Dunlop Holdings rose 62.1 per cent to £32.1 million (119.8 million) on sales up from 1493 million to £598 million. However, the board says the rate of improvement achieved at midterm is unlikelyReuter - 178 words
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Article165 1976-10-30 5 STAMFORD, Frl. On revenue up from US$3l.4 million to $34.6 million, Atlas Consolidated Mining and Development Corp has reported net profit up from $5.53 million to $6.02 million for the third quarter. For the nine months, net profit was $21.53 million ($16.66 million) on revenue of $107.3 million165 words
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Article143 1976-10-30 5 Reuter AMSTERDAM. Fri. KLM Royal Dutch Airlines has staged a strong recovery in the first half-year ended March 31, 1976, with net profit rising from 34.2 million guilders to 109.8 million guilders. However, KLM does not expect this strong recovery to continue in the second half-year. NetReuter - 143 words
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Article159 1976-10-30 5 Reuter LONDON, Fri. Century Oils Group has rejected the takeover bid from British Petroleum as totally unacceptable. Century said it considers the offer price of 50p per share is totally inadequate and strongly recommends shareholders to take no action with regard to their shares. ItReuter - 159 words
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Briefly
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Article94 1976-10-30 5 LONDON, Fri. James Flnlay said arrangements have been made for John Swire and Sons to purchase for 14.47 million cash (equivalent to 150p per stock unit) 2.98 million Finlay ordinary (29.5 per cent)from Slater Walker Security s and Unit Trusts managed by the Slater Walker group. The94 words
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Article87 1976-10-30 5 NEW YORK, Fri. Mobil Corp's nine-month worldwide petroleum operations earnings rose 5.1 per cent to US$565 million from $538 million a year-earlier, chairman, Mr. Rawlelgh Warner, said. Earnings from US petroleum operations gained 51 per cent in the nine months to $298 million ($196 million) but earnings from foreign87 words
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Article84 1976-10-30 5 NEW YORK, Fri. The profit improvement at McDonnell Douglas has accelerated in the third quarter with net earnings rising 46.8 per cent to U5524.29 million ($16.54 million) on a sales increase of 12.8 per cent to $785.5 million ($696.1 million). This raised the ninemonth profit to $80.49 million, up84 words
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Article60 1976-10-30 5 LONDON. Fri. Gill and Duffus Group has estimated a pre-tax profit of £10 million for 1976 which is 34 per cent higher than last year's £7.44 million. Net profit Is estimated at £5.25 million (£4.04 million). If the estimate is realised, the board said it intends paying a60 words
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Article88 1976-10-30 5 NEW YORK. Frl. After making some improvement in the first quarter, American Stores suffered a 26 per cent profit setback to U555.29 million ($7.11 million) in the second quarter. This caused the profit at the halfway mark to fall 12 per cent to $12.26 million ($13.86 million) on88 words
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Article63 1976-10-30 5 SYDNEY, Fri. Unaudited net profit at Ampol Exploration fell marginally from A 53.41 million to $3.33 million for the year ended Sept 30, 1976. Tax was $447,000 ($163,000) and depreciation was $769,000 ($778,000). Sales of crude oil from Barrow Island were 11.8 million barrels (13.2 million barrels) and sales63 words
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Article64 1976-10-30 5 NEW YORK. Fri. Third Quarter net profit at Stanard Oil of California rose from US$2O7 million to $224 million on revenue up from $4.76 billion to $5.18 billion. For the nine months, profit was $612 million (565 million on revenue of $14.87 billion ($13.67 billion). Earnings per share64 words
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Article82 1976-10-30 5 SAN FRANCISCO, Fri. St Regis paper's earnings for the fourth quarter will be "well under" the US$l.36 a share a year ago. President, Mr. William R. Haselton said. For the nine months, St Regis earned $2.94 a share, up from $2.91 a year ago. Mr. Haselton did not82 words
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Article58 1976-10-30 5 SYDNEY. Fri. For the year ended Sept 30, 1976, Bank of New South Wales has reported net profit of A 544.24 million ($36.83 million) before extraordinary items. Gross income rose from $422.9 million to $515.4 million. The bank has proposed a final dividend of 15 cents, making a total58 words
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Article47 1976-10-30 5 Reuter LOS ANGELES. Fri. Continental Airlines Inc said it is developing internal studies as to the feasibility of merging with any one of three air carriers. The company said it has entered into preliminary studies with Pan American World Airways. Continental gave no further details. ReuterReuter - 47 words
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Article53 1976-10-30 5 LONDON, Fri. Arrangements have been completed for the issue by Sanyo Electric of US$3O million 6fc per cent convertible bonds due 1991 at an Issue price of par, lead manager J. Henry Schroder Wagg, said. The bonds are convertible into shares of common stock of Sanyo Electric on and53 words
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Article30 1976-10-30 5 OSAKA. Fri. Nippon Meat Packers Inc said it was considering increasing its capital through a depositary receipt issue in Europe or elsewhere, but has made no decision yet.30 words
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Article54 1976-10-30 5 LONDON. Fri. Lonrho said its one-for-eight rights issue for about 17.5 million, was subscribed by about 92.5 per cent of holders of capital. Reasons for the issue, announced on Sept 7. are to reduce short-term debt and provide working capital to develop the UK textile operations of the group,54 words
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Article60 1976-10-30 5 NEW YORK. Fri. Third quarter net profit at Standards Brands was U5516.83 million ($16.1 million) on sales of $491.2 million ($491.4 million). For the nine months, profit came to $51.18 million ($45.69 million) on sales of $1.40 billion ($1.42 billion). Earnings per share were 60 cents (58 cents)60 words
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Article24 1976-10-30 5 LONDON, Fri. The Kockums Mekaniska Verkstads US$5O million, eight per cent Eurobond due 1983. was priced at par, lead manager Hambros Bank said.24 words
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Article73 1976-10-30 5 NEW YORK. Fri. Honeywell Inc expects its debt level will be significantly reduced by the French computer merger of Honeywell Bull with Compagnie Internationale Pour L-Infor-matique CII vice-president and treasurer. Mr. Louis E. Navin told analysts. He said the merger will reduce the company's debt by more than 3873 words
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Article56 1976-10-30 5 NEW YORK. Fri. Though sales dipped 2.3 per cent to U*****.6 million ($442.7 million), first quarter net profit at Norton Simon rose by 8.8 per cent to $21.76 million ($2O million). Earnings per share, adjusted for the 2Vi per cent stock dividend on Oct 12, 1976, were 4656 words
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Article74 1976-10-30 5 SAN FRANCISCO, Fri. Homestake Mining said operations at its gold mine for the nine months resulted in a loss before taxes of US$523,000 compared with a pre-tax profit of $12,975,000 a year ago. Revenues from gold sales declined by $14 million for the nine months compared with last year74 words
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Article56 1976-10-30 5 SYDNEY, Fri. Despite a 16.7 per cent increase in group sales to A 5343 million ($294 million), net profit at Burns, Philp dropped 4.4 per cent to $7.47 million ($7.81 million) for the year ended June 30, 1976. It has proposed a final dividend of 7'/i cents, making56 words
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Article30 1976-10-30 5 TOKYO Fri. Toyota Motor had declared an income of 195,905 million yen during the annual accounting term ending last June 30, the National Tax Administration Agency announced on Wednesday.30 words
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Article59 1976-10-30 5 CHICAGO, Fri. With a better first quarter. Consolidated Foods has raised the quarterly dividend from 33\ US cents to 35 cents. For the first quarter ended Sept 30. 1976, net profit rose from $19.08 million to $21.61 million on sales up from $675.6 million to $721.8 million. Earnings59 words
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Article43 1976-10-30 5 MANILA, Fri. Estimated net third quarter profit at Marcopper Mining Corp rose by 48.6 per cent to 21.4 million pesos (14.4 million pesos). For the year to-date, copper concentrate production was 134,942 dry tonnes (96,309) while shipments were 124,702 dry tonnes (92,222).43 words
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Article75 1976-10-30 5 NEW YORK, Fri. Southland Corp has reported that net earnings rose to $13.2 million for the third quarter from $11.4 million on revenue of $569.6 million ($478.6 million). Net earnings per share came to 73 cents (61 cents) or a diluted 70 cents (61 cents). For the first nine75 words
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Article465 1976-10-30 5 NYT NEW YORK. Thurs. Times Mirror, owner of Los Angeles Times and three other daily newspapers, has offered to buy US$292 million in cash the outstanding stock of Booth Newspapers Inc., publisher of a chain of eight newspapers in Michigan. Times Mirror is offering to payNYT - 465 words
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Page 5 Advertisements
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Advertisement383 1976-10-30 5 Vacheron Constantin Rare watches for the exclusive few who demand the ultimate VACHERON CONSTANTIN In Geneva since 1755 At Vacheron Constantin. we create watches for very select people In former generations, royalty and nobility numbered among them Today, our watches are sought after by the elite in a'l countries And,383 words
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Article1904 1976-10-30 6 SECTION ONE INDUSTRIALS im fflgfc Lmm c_ flab ♦erGr*s Dhr c'tt Or 1 C P/K V«1 CW0) Day High Uw 250 200 100 237 106 402 204 240 400 137 170 172 60 185 66 254 149 172 394 39 Acma Alcom Allied Choc Bata Ben Boustead1,904 words
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Article1047 1976-10-30 6 .BID and offer prtcee officially listed and business In and reported to the Stock Exchange of Wncapore yesterday with the number of shares traded shown In brackets In lots of 1000 units unless othsnrlee specified All Time Settlement Contracts are Sied after the word "Sett." Board deals1,047 words
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Article145 1976-10-30 6 SINGAPORE UNIT TRUST (MuacWs »rli bm fcr No*. 1) The Commerce 1.0T 1.77 The 8»»lnf rund 0.03 1.00 S pore Prot rund 0.7* 0S4*d 8 pore Security rtnd 1.M 1.31 8'pore Invwt rund 1.03 1.00 ASIA UNIT TRU8T (Mutm' pri om fcr Na*. 1) Mil Invett rund 1.04145 words
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Article400 1976-10-30 6 S pore Govt 5 1/2% Taxable Loan No 2 With A I l97Vl*t Doc 1977 (1.000.000) (101.688 101.788) S'pore Govt 5 1/2% Taxable Loan No I With A I 197«/15th Apr 1978 (1.000.000) (101 658 101.728) S'pore Govt C 3/4% Taxable Loan No 1 With A400 words
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Article1112 1976-10-30 6 810 and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchanfe yesterday with the number of shares traded shown In brackets In lota of 1,000 units unless otherwise specified. INDUSTRIALS A. T«H (0 448). AJlnamata (I.STB). A. Ch** (O.STB 0.T08). A.M.O.1,112 words
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Page 6 Advertisements
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Advertisement206 1976-10-30 6 Alex Jotey has long been an observer, recorder end commentator of the Singapore scene. In this new book, he examines and explains the success of Singapore's tripartite alliance of Government, workers and employers. A substantial part of the book is devoted to the full text of fifteen essential labour laws206 words
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Article477 1976-10-30 7 SHARES headed marginally lower in very quiet trading at the Stock Exchange of Singapore yester-Bear-covering activity which, in the previous two days, had propped up prices, thinned out with the close of the month. Volume was considerably reduced. Right from the first bell it became obvious477 words
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Article305 1976-10-30 7 TRADING at the Kuala Lumpur Stock Exchange yesterday slowed down considerably ahead of the Malaysian Budget which was presented to Parliament after the market closed. Caution marked activity throughout the day, with operators keeping to the sidelines as they await the budget's proposals. Given the305 words
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Article145 1976-10-30 7 THE Stock Exchange of Singapore has asked Haw Par whether any of its directors has any interest, direct or indirect, in the sale of its Hongkong subsidiary King's Road Development for HK518.37 million (s9.lBmillion). The exchange also requested for a signed copy of the agreement and145 words
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Article59 1976-10-30 7 NEW YORK, Fri. An underwriting group headed by Merrill Lynch, Pierce, Fenner and Smith Inc and Nlkko Securities Co International Inc, said it is offering two million depository shares of Pioneer Electronic Corp, representing four million shares of common stock, at US$l5 per depository receipt. Proceeds of the sale59 words
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Article975 1976-10-30 7 NEW YORK: Stocks opened firm on Thursday, but later slipped Into reverse gear despite a surprise reduction In the prime Interest rate by a large mid-western bank. Caution ahead of Friday's report on leading US economic Indicators and the uncertainty connected with the presidential election next week shaped975 words
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Article307 1976-10-30 7 AMSTERDAM: Most shares fell on Thursday, Ignoring the overnight firm wall Street. In Dutch Internationals Unilover and Royal Dutch were hardest hit by further declines In sterling and the dollar, dealers said. KLM featured losses elsewhere, falling on profittaking and the lower dollar.lts fiscal first half figures were due307 words
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Article169 1976-10-30 7 FRANKFURT: Leading shares lost up to around three marks on foreign and Institutional selling but trading remained thin on Thursday, market sources said. OCT 28 Dm AEG 76.70 -2 4 Akzo Alta Leben Allz Vers BASF 142 30 -1.2 Bay H T Wbank BayVbank Bayer 122 00 -1.7 BBC169 words
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Article373 1976-10-30 7 SYDNEY: Uranium stocks rose sharply, lead In* the rest of the market upwards, In active trading on Friday, dealer* sakl. The Sydney All-Ordlnarles rose 2.99 point to 439.69. Panceatiaental rose A 11.90 to $10.00, Peko-Wallsead 50 cents to 15.20 and Weetera Mining 12 cents t0"51.72 In reaction to the373 words
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Article333 1976-10-30 7 JOHANNESBURG: Golds were steady but slightly off the top on Thursday as dealers noted some profit-taking and shortage of stock during late dealings. OCT Rand INDUSTRIALS A Alpha 85 unch Abercom 243 +3 AE And CI 180 unch AMIC 780 -5 ATI Bankor Barlows 2S0 +2 Cg Sugar CNA333 words
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Article137 1976-10-30 7 MANILA: The market was steady to firmer but In continued dull trading, dealer* said. Oils headed gainers and some minings also firmed hut commercials generally eased. The commercial and Industrial average closed 0.23 points down at 73.52. ocr a Pesos Acoje Mining .0145 unch Atlas Con A 29 00137 words
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Article339 1976-10-30 7 HONOKONO: The market closed easier In quiet trading on continued buyer caution on Friday amid uncertainty about sterling, the U8 presidential election and the outcome of discussions concerning the relisting of Wheelock Marden, dealers said. The Hang Seng Index fell 2.75 points to 389.73. Turnover on the four exchanges339 words
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Article213 1976-10-30 7 ZURICH: The market was again quiet on Thursday closing narrowly mind. Leading banks rated steady white among insurances "tiMit participation certificates was the only stock to meet some demand. The Credit Suisse Index fell 0.4 point to 104.5. OCT B Francs Actions Suisses 230 Aluaulaw Br Alusulsse Rm Brawn213 words
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Article258 1976-10-30 7 TORONTO: Blue chips closed generally lower In a session of light mixed trading on the Tronoto Stock Exchange on Thursday. Some major mines and oils also registered declines but their Indices held fractional advances. Closing volume totalled a very slow 1.6 million down slightly from Wednesday's 1.6 million. OCT258 words
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Article317 1976-10-30 7 PARIS: The market was generally well maintained on Thursday with gains partly due to the influence of Wall Street and the continued technical recovery, dealers said. Official news that French retail prices rose 1.1 per cent In September had little market Impact. Metals and Chemicals tend mixed while Aequitaine317 words
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Article146 1976-10-30 7 BRUSSELS: The market was slightly lower In calm trading on Thursday, dealers said. Most domestic stocks eased with Hobokea and Soivay rising against the trend. UK ana Oerman stocks were little changed, U8 and French Issues rose and Dutch stocks fell. Golds also rose amid general satisfaction with Wednesday's146 words
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Article84 1976-10-30 7 OCT BahU Asia Fibre lias unch Bangkok Bank 243 unch Bangkok Invest 1438 unch Bangkok-Metro-politan Bank ***** tfnch Bata Berll Jucker 153 -1 Charoong Thai Wire 1448 Dumex OusltThanl Faber Merlin First Trust Indo-Thai 1806 unch J And J Ho 139 ♦1 Jalaprathan Cement Karnasuta 328 -1 Lee Kwang84 words
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Article138 1976-10-30 7 MILAN: Major Industrial and financial leaders eased In moderate dealings on Thursday, given the uncertain political and financial situation. Bourse sources said. Montedison, Fiat, both Olivetti* and Pirelli Spa all lost points. Stet and Italcementi were among Isolated gainers. OCT 28 Lire Anlc 393 -7 Assoc Gen ***** -10138 words
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Article373 1976-10-30 7 TOKYO: The market closed slightly higher In active trading on Friday, dealers said. The Dow-Jonei average rote 5.24 to 4,646.27 with volume 200 million shares. The new Index closed at 390.18. down 0.34. oct a Yen 47AJlnomoto ,Akai <34 437 ♦8 -14 'AahlChtm 148 -1 Auhl Olut 335 ♦9373 words
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Article735 1976-10-30 7 LONDON, Frl The stock market was firm today, with gains In both government stocks and leading equities prompted by sterling's rally on a report of a planned loan to finance the sterling balances, dealers said. Government loans had longs higher by up to 7/8 point while shorts gained around735 words
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Article86 1976-10-30 7 FINANCIAL TIMES INDUSTRIALS Thursday 270.5 Wednesday 265.3 Ween ago 295.0 TIN Thursday 121.40 Wednesday 116.95 Week ago 117.71 RUBBERS Thursday 511.80 Wednesday 505.24 Week ago 500.31 OILS Thursday 345.59 Wednesday 340.19 Week ago 348.04 DOW JONES AVERAGE INDUSTRIALS Thursday 952.63 Wednesday 956.12 Week ago 944.90 LONDON DOLLAR PREMIUM Thursday86 words
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Page 7 Advertisements
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Advertisement26 1976-10-30 7 mgr V Only Oantas gives you 28 departures to Australia and Europe every week. THE AUSTRALIAN At RUNE See your Travel Agent or call Qantas *****426 words
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COMMODITY REPORTS AND PRICES
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Article632 1976-10-30 8 POLLOWINO higher London advices allied to Thursday's weakness of sterling the Singapore rubber market opened higher at 210.00 cents. Early buying tended to be speculative and prices fell back slightly on profit-taking, dealers said. Trading was thin in both local and upcountry markets while forwards remained quiet. The632 words
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Article93 1976-10-30 8 DAILY 88R and SMR pclc es at noon jreeterday: R.A.8. n (Cum ■ftMtk) (Farwmrd Mtfc) Buvarc Saltan i par k() Buyari I (MUara »parkt) 88R 20 (1-ton Pallet) 1#1 oo 193 00N 192.00 194.00N 88R90 (1-ton Pallet) lao.so 190. SON 190.90 191.SON M I.I.1.B 8MRSCV (1-ton Pallet)93 words
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Article209 1976-10-30 8 THE Straits tin price in Penang yesterday rose $7.37* to close at $1,101 per plcul on an official offering up 43 tonnes to 255 tonnes. In LONDON on Friday, tin fell by about £57 for Cash and £03 for Three Months in both contracts. Early selling on the209 words
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Article30 1976-10-30 8 Rubber: Oct 28 Singapore: Nov. 208.50 eta (op 0.7S eta.) Malaysia: Not. 216.25 eta. (op 1.50 eta) Tin: 11.1*1 (op 7.37*) Official offering: 256 tonne* (np 41 ton-30 words
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Article91 1976-10-30 8 LONDON, Frl. Silver was 4.7 to six per troy ounce lower. Values were marked down reflecting firmer sterling and later traded within a narrow range on a market seeking fresh Incentives. dealers said. Sales of 47 lots were about half carries. In NEW YORK on Thursday, silver futures were91 words
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Article112 1976-10-30 8 The following Palm Oil prices were Quoted In London Thursday. The price* are elf Rotterdam and are quoted In US dollar* per long ton unless otherwlae it* ted Malaysian 5% ffa bulk Pw Dec 4Ssalr *****r Jan 456*1r 450*1r Sumatra 5* Oct unch 470* Nov unch 446* Dec112 words
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Article227 1976-10-30 8 CHINEBE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Cocasat Oil: Bulk 572 sellers, old drum $77 sellers, new drum M 2 C«pra: Mixed (loose) UK/ Cont *45 buyers. Pepper: Muntok ASTA white f.o.b. 100% NLW 1322 v. sellers. Sarawak white f.o.b. »0H NLW *305 sellers. Sarawak227 words
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Article385 1976-10-30 8 IN the Singapore gold market in the day the kllobar was Initially quoted In 880,000 and was marked down to 819,830 at the close. Volume was thin ahd dealers here stayed on the sidelines as the Tael price In Hongkong moved lower from its opening on profittaking and renewed385 words
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Article238 1976-10-30 8 LONDON, Frl. Copper wire bars lost £12.50 per tonne for Cash and £15.50 for Three Months. Selling pressure following rally In sterling took Three Months down to £805 per tonne In the pre-market before some shortcoverlng developed and partly reversed the trend, dealers said. Also affecting sentiment wast the238 words
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Article71 1976-10-30 8 LONDON, Frl. Lead declined by £2.75 per tonne for Cash and £4 for Three Months. Three Months sagged to finish the ring at £298.50 per tonne after sales of 5,100 tonnes, mainly carries. A modest rise in warehouse stocks is expected. On Thursday afternoon, lead gained £2.50 for Cash71 words
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Article42 1976-10-30 8 LONDON, Frl. Zinc fell by £4.50 for Cash and £5.75 for Three Months. Liquidation and hedge selling pushed Three Months down to £398 per tonne in the ring In sympathy with other metals, dealers said. Sales were routine at 1,200 tonnes.42 words
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Article115 1976-10-30 8 LONDON, Frl Terminal opened £4.25 to £3.65 down and sales totalled 1,383 lots, most of which consisted of bloc self trades on the kerb. Dealers said general selling and long liquidation had been touched off by Thursday's easier kerb close and this morning's stronger sterling. Also, the sources noted115 words
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Article121 1976-10-30 8 LONDON, Frl Robusta futures opened steady £30 to £37 down from Thursday's close. The opening call volume was 306 lots. Dealers said the lnltal decline was in reaction to firmer sterling this morning. Later trade and commission house support lifted prices off the lowest levels. Dealers noted t£at fwitching121 words
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Article136 1976-10-30 8 HONOKONO, FYI. The market was quiet with prices unquoted. The day's turnover totalled 262 tons comprising Thais 82 tons, Kwangtungs 110 tons, and Austral las 70 tons. In BANGKOK, yesterday, Indicative prices for rice quoted yesterday were: US dollars per tonne FOB basis Bangkok White rice: 100 per cent136 words
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MONEY AND EXCHANGES
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Article597 1976-10-30 8 STERLING rallied strongly yesterday In the Singapore foreign exchange market to as high as U851.6180/1.8220 at one stage from Its opening level of U551.5710/30. Moving In an erratic manner, the pound moved steadily upwards to touch US$l.6lBO/1.6220 on buying support from Hongkong and local banks. It later eased to597 words
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Article153 1976-10-30 8 Asian rates ASIAN currency deposit interbank rates as at close on Oct 29: US Dollars (Spot) Offer BM 7 days 53/4 5 5/8 1 mth 5 3/8 51/4 2mths 51/4 3mths 51/2 5 3/8 6 mths 53/4 9 mths 83/16 61/16 12 mths 6 5/16 63/16 8w. Frm. Dm 1153 words
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Article133 1976-10-30 8 Euro rates LONDON, Frl. Eurodollar deposits opened basically steadv but showed a slightly sorter tendency In longer positions, dealers said. A Friday end of period made for an Initial 5/10 gain In one month. Trading was slow ahead of the weekend which Incorporates the end of the month. Concentration on133 words
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Article55 1976-10-30 8 RESULTS of Treasury bills tender held on Oct. 29 for 91-day Treasury bills to be issued from Nov 1 to 5. Offered: 50 million. Applied for: 109,850,000. Allotted: 50 million. Accepted bids: 599.23 approximately 95 per cent; higher bids in full. Average rate of discount on allotment:55 words
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Article57 1976-10-30 8 Minimum lending rates (in Algernon* Bonk 7 Bongkok Bonk 7V4 Bonk of Amtrico Bank of Chtna 7M Bonk of Tokyo 7 Bonk Ncgoro Indonawo 7Vi Chartarad Bank 7 ChaM Manhattan 7 DBS 7 Firet Chicago 7 Citibank 7 HKS8C Indotuar 7% 7 Moioyon Bonking 7 Mitwi Bank 7 OC8C 757 words
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Article349 1976-10-30 8 In the trading period shortened by last week's Deepavall holiday, little change has been seen In levels which have narrowly pegged the 208-cent mark for November 1 R.S.B. In Singapore, apart from a brief drop to 206Vt cents, report Holiday Cutler and Bath In their weekly rubber349 words
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Article392 1976-10-30 8 LONDON, Fri. Uncomflrmed BBC Radio and Television reports that Britain Is seeking a £7 to £10 billion loan to help relieve pressure on the sterling balances pushed sterling sharply hither in early trading, dealers said. The rate fluctuated violently on a modest level of business, appearing to stabilise around392 words
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Article281 1976-10-30 8 NEW YORK, Thurs. Sterling quotes moved steadily higher in quiet afternoon trading here, to close at its best levels of the session, although still below overnight quotes. The unit was quoted at 1.5711/25 at the close of regular trading and showed a bit more upward momentum to about281 words
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Article118 1976-10-30 8 TOKYO, Fri. The dollar for overnight delivery closed at 294.20, up from 293.70 at the opening and 293.65 at Thursday"s close. The dollar rose in moderate trading as banks made purchases to meet import settlement needs early next month. Sales of dollar export bills by traders were slower than118 words
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Article141 1976-10-30 8 HONGKONG, Frl. Sterling was moving erratically here in late trading and latterly was quoted at U551.6020/6050 shortly after decllng to $1.5940/5960, a sharp fall from the midday level of $1.6150/6250, dealers said. They continued to maintain that the gains recorded earlier today were largely artificial and said they expect141 words
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Article56 1976-10-30 8 ZURICH exchanges quoted on Oct. 28: US 2.4282 4292 UK 3.8010 8055 Can 2.4490 5010 W'Germ 101.40 49 Neth 96.85 95 France 48.55 60 Belg 6.49-1/2 2-60-1/4 Denm 41.42 46 Norw 46.15 19 Swed #7.74 79 Italy 0.2806 13 Austria 14.26 28 Port 7 .73 75 Spain 3.54-1/2 55-1/256 words
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Article50 1976-10-30 8 AUSTRALIA/NZ exchanges quoted on Oct 29: Australia: Sterling 1.2286/1.2236 US dollar 0.7839/0.7761 Ninety day air mail buying rates: Sterling 0.8226, US dollars 1.2565 Ninety day forward buying rates: Sterling 0.8158, US dollars 1.2125 New Zealand: Sterling 0.6044/0.6007 US dollars 0.9514/0.9414 Ninety day forward rate: Sterling 0.6612, US dollar 0.969850 words
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Article33 1976-10-30 8 FRANKFURT exchanges quoted on Oct 29: US 2.4042/57 2.3955/65) Can 2.4770/80 UK 3.85/87 Neth 95.62 77 Switz 98.57/72 Italy 2.775/805 France 48.20/40 Norw 45.53/59 Belg Com 6.51/52 Belg Fin 6.43/44 Japan 0.8170/8533 words
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Article321 1976-10-30 8 LONDON, Frl. Dollar bonds eased slightly In moderate activity, dealers said. Older Issues tended point lower while more recent bonds held their levels despite a favourable reception accorded to the latest U8 money supply figures which showed a Larger than expected decline, dealers said. In general more sellers321 words
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Page 8 Advertisements
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Advertisement214 1976-10-30 8 K you do business with China, you need this Guide to the Chinese Export Commodities Fair. Only 100 copies available at $5/-each. Send this coupon now for yours. From humble beginnings in 1957, the Chinese Export Commodities Fair (popularly known as the Canton Export Commodities Fair) has grown to be214 words
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TRANSPORT and COMMUNICATIONS
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475 1976-10-30 9 KUALA LUMPUR, Frl. Qantas has decided to wait until the completion of the multi-million dollar airport expansion project before it exercises its landing rights in Penang. The airline's landing rights were granted some years back as part of a reciprocal package475 words
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Article226 1976-10-30 9 JapanOecd talks end in deadlock Reuter PARIS, Fri. A conference at the Organisation for Economic Co-operation and Development (Oecd) aimed at resolving the problem of Japan's growing share of world shipbuilding ended in deadlock after two days of talks, Oecd sources said. But members of the Oecd's working party onReuter - 226 words
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489 1976-10-30 9 NEW YORK, Fri Financial Times MCDONNELL Douglas of the US, in conjunction with Aerospatiale and DassaultBrequet of France, is to conduct a major evaluation campaign over the next few months in favour of the what is now called the Advanced Short-to-Medium Range (ASMR)Financial Times - 489 words
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171 1976-10-30 9 LUFTHANSA German Airlines' traffic results for the first nine months of 1976 showed a growth of 10.8 per cent in passengers carried, from 7,618.293 during the same period last year to 8,437,680 passengers. Freight carried also grew by 21.5 per cent to 223,027 tonnes.171 words
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Article, Illustration314 1976-10-30 9 EXPECTED ARRIVAL TODAY KEPPEL WHARVES Bunga Mas (0600 after State of West Bengal) 18 Chidambaram (1400) 15/16 Dumas (0600 after King Tower) 10 Jalajyotl (1830 after Peter Rlckmers) 11/12 Melru (HPEG) (0700 after Rita Maersk) 8/9 Muehlhausen (after Perekop) 3/4 Po Sea (60SF) (1900) 40/41 St Louis Maru314 words
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270 1976-10-30 9 RussiaUS bid to reduce freight rate cutting UPI WASHINGTON, Frl. The Soviet Union has taken a significant step toward cooperation with American shipping lines to reduce freight rate price-cutting on North Atlantic trade routes. According to the Federal Maritime Commission, seven North Atlantic shipping "conferences" have asked the commission toUPI - 270 words
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Article41 1976-10-30 9 UPI TOKYO. Frl. The Japan Air Lines (Jal) said today a record 10,405 women have applied for the 200 stewardess opening. Examinations for the applicants will be held Nov. 7 In Tokyo, Osaka, Fukuoka and Sapporo, Jal officials said.UPI - 41 words
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Article19 1976-10-30 9 Reuter TAIPEI, Frl. Taiwan's China Airlines (Cal) will inaugurate a Talpei-Jeddah service oasunday, the airline announced. Reuter.Reuter - 19 words
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723 1976-10-30 9 TOKYO, Friday Reuter JAPANESE exports of transceivers to the US Citizens Band (CB) radio market have passed their peak, according to president Harukl Tomomo of Cybernet Electronics Corp, the leading exporter. In a telephone Interview, Mr. Tomomo forecast Japan's exports will probably dropReuter - 723 words
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482 1976-10-30 9 ROME, Friday Financial Times MR ROCCO BASILICO, managing director of the Italian State-controlled shipbuilding company, Italcantierl, and chairman of the Association of West European Shipbuilders (AWES), has warned of a period of increasingly tense relations between Japanese and European shipbuilders following the failure toFinancial Times - 482 words
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Article539 1976-10-30 9 ARRIVALS Service Local Operator Niuaber Time From CAL CI333 0040 TPE/HKO/KUL JAL JL712 1000 HLP SIA SQ209 1010 HLP CPA CX710 1030 HLP OLA GA980 1030 HLP THAI TG423 1035 BKK OIA GA908 1100 MES PAL PR501 1115 MNL CPA CX003 0145 HKG SIA SQ240 1205 MES539 words
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Page 9 Advertisements
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Advertisement305 1976-10-30 9 Ifl/IGHT HOUDfIVJ" The Executive's Travel Agent Suite 102 Cathay Building Mount Sophia W®*Singapore 9 Telephone *****2. We Help feu 1o Mind tour Own Business Iftrade industry I I I I 1 T MlllH ummui !!I'T 'i 7 iUUUiiU 11I»I I I T mumni hnmuu radc industr Erade^industry trade^industry f r305 words
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Article, Illustration2217 1976-10-30 10 THE U.S. BADLY NEKDS A COHESIVE ENERGY POLICY. RAY DAFTER REPORTS MUCH to the consternation of the industrialised world, U.S. energy policies seem to be in complete disarray. Imports of foreign crude have increased by almost one-third since the 1973 energy crisis to a2,217 words
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593 1976-10-30 10 SOH TIANG KENG - By SOH TIANG KENG THE Asean Clearing Union a move which will forge icloser monetary links among the five Asean partners Is still under close study. It will take some time before concrete proposals are translated into action. The idea593 words
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Article1070 1976-10-30 10 PHILIP SHABECOFF - By PHILIP SHABECOFF NYT IN ANY year, the preparation of the federal budget by the White House is an act of creative imagination that, at best, gives rough shape to the getting and spending pattern that emerges from Congress. When as now, the President and CongressNYT - 1,070 words
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Article1056 1976-10-30 10 WESLEY PIPPERT - By WESLEY PIPPERT NYT TWENTY-TWO months ago, as Jimmy. Carter himself puts it, not one voter in a thousand knew who be was. Next Jan 21, James Earl Carter Jr. may be inaugurated president. Just winning the democratic presidential nomination over a field of farNYT - 1,056 words
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Page 10 Advertisements
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Advertisement262 1976-10-30 10 APPOINTMENTS SECURITY ADVISER SHELL invite applications from suitably qualified candidates for the above position. THE JOB requires the incumbent to cover all aspects of security in relation to all Shell authorities in Singapore, with particular emphasis on representation of the Company to government security authorities directing policies and arrangements to262 words
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Advertisement245 1976-10-30 10 SinGapore invites applications for the position of PROJECT ENGINEER candidates should possess A degree or diploma in Mechanical Engineering. 0 Two years industrial working experience, preferably in MACHtNE, JIGS AND FIXTURE DESIGN. A Experience in Plant Facilities maintenance will be an added advantage. Interested persons please apply giving details of245 words
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Page 11 Advertisements
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Advertisement466 1976-10-30 11 Important reading for all businessmen m s I w I I ft. t O t X 9 9L r ',w \ll «MM fot >pfniri|f in M <« Ml m Business Times is specially aimed at Singapore businessmen. Use the pages of Business Times as your salesmen when you want to466 words
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568 1976-10-30 12 IN SPITE OF THE PROVEN BENEFITS ONLY an average of 17 per cent of the workmen in the manufacturing industries are involved with payment-by-result schemes of any sort. This, said Mr. O.C. Thio. chairman of the National Productivity Board (NPB), is according to568 words
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Article, Illustration424 1976-10-30 12 PRODUCTIVITY programmes should precede incentive schemes. Trade unions should therefore get productivity programmes going and make them yield results before proceeding to the negotiating table. Mr. C.V. Devan Nair gave this piece of advice to the trade unions in his opening speech yesterday at424 words
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Article218 1976-10-30 12 THE trade unions In Singapore have made a commitment to higher productivity. To this end the NTUC has appointed a deputy director whose sole reponslbility Is to promote the concept of productivity at all levels in the trade union movement. Professor T.H. Elliot, deputy218 words
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Article79 1976-10-30 12 THE Port of Singapore Authority's (PBA) compulsory pilotage area does not cover the Eastern Anchorage where the collision of the three tankers took place on Wednesday. It Is only in the area east of the Johore Straits and In the Western Anchorage area that pilotage is compulsory. Also,79 words
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Article287 1976-10-30 12 IF Singapore Is to pull Itself out of the present economic crossroad, our young managers and workers must earn as enviable a reputation as that enjoyed by the German and Japanese managers and workers. This Is Mr. Nglam Tong Dow's warning to the287 words
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109 1976-10-30 12 EMPLOYERS should look beyond merely wage Incentive schemes. They should consider and emphasise efforts on how empflbyees can be rewarded with more Incentives like Income security, job security, skills training and self-develop-ment opportunities. Mr. Tom Chen, president of the National Employers' Council, said this109 words
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412 1976-10-30 12 SCHRODERS Limited, the holding company of an International banking group reputed to be among the blue-bloods of the profession, Is to become a new shareholder of Singapore International Merchant Bankers (SIMBL). This was announced yesterday In a SIMBL statement which said that agreement has412 words
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392 1976-10-30 12 Reuter PERTH, Fri. A new security balance must be established in the South-east Asian region by the contending and sometimes complementary Interests of the United States, China and the Soviet Union, Mr. Lee Kuan Yew, said here today. "It will now require greater co-operationReuter - 392 words
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350 1976-10-30 12 A LEGAL tussle emerged In the High Court here yesterday over the fate of a company which has over $2 million in debts and less than $1 million in assets, because some creditors feel they will be discriminated against if the company is350 words
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Article343 1976-10-30 12 Loan reports send up LONDON. Frl Sterling rose by more than US four cents today after reports that Britain is seeking a loan of between £7 billion and £10 billion (8*26.95 billion and $38.5 billion). It was the biggest Jump by the ailing currency since It crashed to near the343 words
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Article286 1976-10-30 12 VERY recently Israel's insurance industry experienced the Introduction of a new scheme which sent many of the country's Insurance companies back to profit and loss calculations. The introduction of the new no-fault scheme, which eliminates the need to prove negligence In claiming compensation for either286 words
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Article90 1976-10-30 12 Reuter PARIS, Frl. Fraace's leftwiag partiea weuld aria a general sloctjaa if it ware said today. The pafl, eaadmted far tha tsasmiallis daily La Figaro, showed that 52 par coat of the Pisath electorate would vote for the leftwiag Parliamentary a Ilia are aad 48Reuter - 90 words
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Page 12 Advertisements
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Advertisement46 1976-10-30 12 f NC Britain's Battered I? Middle x v Class -J* al \%> Im?* m 3 >*4 mi* IV M ul i u NOVEMBER 1 ISSUE ON SALE IN°W THAILAND: Getting Along with Hanoi JAPAN Unjointed Ventures An Interview with Zentaro Kosaka BUSINESS:U.S. Election Day Ledger Slumping Chinese46 words
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Advertisement224 1976-10-30 12 Perhaps we shouldn't crow about it. But then again, why not? Sin Chew has the highest circulation among all the Chinese newspapers in.Singapore: we reached the 100,000 mark way back in March this year. And the figure is still on the climb. Whatever you're looking for advertising impact, the latest224 words
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