The Business Times, 8 April 1977
1977-04-08
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The Business Times
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Title Section9 1977-04-08 1 BUSINESS TIMES M.C.(P) 300/1/77 FRIDAY, APRIL 8, 1977 50CENTS9 words
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NEWS IN BRIEF
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Article16 1977-04-08 1 THERE will be no publication of Business Times tomorrow. Publication resumes on Monday.16 words
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Article79 1977-04-08 1 AP WASHINGTON, Thurs. President Carter today nominated former US Senator Mike Mansfield to be the US ambassador to Japan, Yale University president Kingman Brewster to be envoy to Britain and former Princeton University president Robert Goheen to be ambassador to India. The White House, announcing a seriesAP - 79 words
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Article63 1977-04-08 1 Reuter LONDON, Thurs. British Airways ground engineers at London's Heathrow airport today rejected a formula to settle their dispute and destroyed any possibility of the airline providing normal domestic and European flights over Easter. A meeting of over 3,000 ground engineers overwhelmingly turned down the peace formulaReuter - 63 words
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Article49 1977-04-08 1 UPI TOKYO. Thurs. Japan agreed today voluntarily to restrain exports of colour television sets to the United States. The agreement was reached at a meeting between Robert Strauss, President Carter's special envoy, and Mlnoru Masuda, deputy Vice Minister of International Trade and Industry, officials said. UPIUPI - 49 words
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Article34 1977-04-08 1 UPI JAKARTA, Thurs. Indonesia recorded an Inflation rate of 12.1 per cent during the past fiscal year, seven per cent below that of the preceding year, Finance Minister All Wardhana said today.UPI - 34 words
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Article51 1977-04-08 1 IPOH, Thurs. More than 50 per cent of bumiputra businessmen, who had received loans from Mara here, have not paid back their loan commitment, state Mara officer here, Enclk Abu Bakar bin Haji Wang, said today. He said many of them have used delaying tactics In repaying their51 words
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Article32 1977-04-08 1 PADANG BESAR, Thurs. Malaysian troops conducting joint operations with Thai forces against communist guerillas in southern Thailand today captured a Jungle camp which could accommodate about 30 people. Reuter.32 words
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Article32 1977-04-08 1 Reuter KUALA LUMPUR. Thurs. Malaysian Home Minister Tan Sri Ghazall Shafle will attend the Thailand-Malaysia general border committee meeting in Bangkok on Monday, it was announced here today. Reuter.Reuter - 32 words
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Article37 1977-04-08 1 Reuter TOKYO, Thurs. The world's population is likely to grow from its present four billion to about six billion by the end of this century, an international family planning symposium estimated today. Reuter.Reuter - 37 words
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Article44 1977-04-08 1 UPI NEW YORK, Thurs. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 913.07, down 1.66; 20 transp 222.58, down 0.20; 15 utils 106.88, down 0.26; 65 stocks 302.37, down 0.52. UPIUPI - 44 words
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Chief Price Changes
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Article, Illustration169 1977-04-08 1 THE Singapore stock market closed, barely steady in quiet trading yesterday. It was another day of lacklustre trading with most operators on the sidelines ahead of the Easter holiday. The Business Times index closed 1.03 points lower at 256.76 while the Straits Times Industrial index slipped 0.59169 words
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Article126 1977-04-08 1 Falls Most active Berjuntal $14.50 20 Central Sugars 153.000 N-S. Times 4 .00 -06 General Lumber 41.000 City Dev. 0.87 -06 K.L. Kepong 28.000 Sel Dredging S 4 82 -.06 Pan Electric .27.000 PMC S 2 59 -04 Total Turnover: 0.57 M Cons. Pit. S 3 72126 words
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1479 1977-04-08 1 TSAI TAN - REFLECTIONS ON BRUSSELS MEET By TSAI TAN BRUSSELS, Thurs. The 125 'top Asean businessmen and public administrators who attended the three-day Asean Ebic-EEC sponsored conference on industrial cooperation leave the capital of Europe today with some hope and not a little disappointment. If the conference1,479 words
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1087 1977-04-08 1 JOHN TAN - A secondary market for Asian NCDs in May By JOHN TAN SINGAPORE banks, together with the Monetary Authority of Singapore, (MAS), will launch a secondary market for Asia dollar negotiable certificates of deposit (NCDs) next month, following an MAS Initiative to all banks Inviting them to participate In issuing such1,087 words
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Article89 1977-04-08 1 UPI WASHINGTON, Thurs. US wholesale price# soared 1.1 per cent in March for their biggest monthly gain in almost 14 years, the Labour Department said today. Higher prices on coffee and other food were chiefly to blame. If the March trend con- tinued for a year, itUPI - 89 words
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298 1977-04-08 1 SHELL Refining yesterday announced a more than three-fold increase in earnings last year largely as a result of a foreign exchange gain of MS4.I million. Net after-tax profit jumped from $3.4 million to SI 1.7 million for the year ended Dec 31, 1976. Hie298 words
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Article35 1977-04-08 1 Reuter LONDON, Thurs. The Bank of England reduced its minimum lending rate by a quarter per cent to nine and a quarter per cent today, only a week after its last cut. Reuter.Reuter - 35 words
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301 1977-04-08 1 AFP HONGKONG, Thurs. Unification of Hongkong's four stock exchanges has become a distinct possibility with an Initial move by two of them to merge. The proposed merger is between the Hongkong Stock Exchange, the oldest here, and the Par East Exchange, the largest In termsAFP - 301 words
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Article139 1977-04-08 1 Reuter ROTTERDAM, Thurs. Six Asean ministers today visited Rotterdam, the world's busiest port, to study the possibility of setting up a trade centre here to promote commerce with Western Europe. The ministers, accompanied by the secretarygeneral of Asean, Mr H. Dharsono of Indonesia, made a fact-findingReuter - 139 words
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Article86 1977-04-08 1 METAL Box Singapore has served termination notices on 360 of its striking employees because of their continued absence from work since Monday. 'The company, however, will consider re-employing the workers, provided applications are submitted before April 13. Mr. Llm Hong Keat, director and general manager of the86 words
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Page 1 Advertisements
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Advertisement67 1977-04-08 1 vSEXTUS DE SUVA O&astcr Reveller FOR 4 FINE JEWELS DIAMONDS GEMS SEXTUS DE SUVA A HYDE (PTE) LTO JEWELLERS OF DISTINCTION COLD STORAGE ARCADE 179, ORCHARD ROAD, SINGAPORE 9 TEL *****3 Market Reviews Overseas News/ TV A Radio Local Co News International Co News Local Stocks p 2 Overseas Stocks67 words
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Advertisement102 1977-04-08 1 Copy large size originals on one sheet, size for size— no trimming, no sticking together. Xerox 3103 No matter what the originals. Up to 14" by 18" or 356 mm by 457 mm. Solids. Half tones. Or pale blue. The Xerox 3103 gives perfect reproductions. Every time. Size for size.102 words
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Advertisement188 1977-04-08 1 ambler The Corporate Dollar Capital Idle Working Capital Overheads Taxes Reinvestment Cash A I -V u IHA»<*> wsiiikuu Put your idle cash to work with American Express International Banking Corporation Whether you do business in one currency or a dozen, at a single location or around the world: We can188 words
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MARKET REVIEW
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156 1977-04-08 2 RONALD LAM - C.mpM fcy RONALD LAM AUDITED RESJJLTS Company Pre-Tax Earnings Year to Proflt/Loas (L) Per share* ('000) cent* Dividend* Carls berg Dec 78 MS4.852 (MS3.442) 40.4(28.7) PRELIMINARY STATEMENTS 10 (Nil) Pre-Tax Earning* m Company Year to Proflt/Loss (L) Perihare ('000) cent* Dividend Benta156 words
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Article540 1977-04-08 2 MARGINAL losses were recorded across a wide front at the Stock Exchange of Singapore this week. An attempt at rally at the opening proved to be Just a flash In the pan. Throughout the week, trading was characterised by spasmodic bouts of selling on profit-taking or stop-loss selling by540 words
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Article421 1977-04-08 2 IVAN FALLON - EUPHORIA TURNS TO GLOOM LONDON By IVAN FALLON THE London Stock Market euphoria which Immediately greeted Denis Healey's budget last week became almost a political issue with the left-wing branding it a' 'City Budget* and some Tories, including Mr. Peter Walker, saying the City would rule the day. The initial421 words
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Article284 1977-04-08 2 ONLY a month ago, Jim Slater's biggest problem was how to repay the £1 million (554.2 million) he claims he owes, and with one or two deals going his way and helped by Lonrho's 'Tiny Rowland even that did not seem to worry him so much.284 words
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Article285 1977-04-08 2 IF you wanted to add prestige, respect, Influence and sage advice to your board you could hardly do better than Lord Klssln has achieved at Guinness Mahon, the merchant banking arm of his Guinness Peat group. When Sir Charles Vllllers left to become chairman of British285 words
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291 1977-04-08 2 SINCE its boarc room battle and the troubles of Its merchant bank, Keyser Ullmann four years ago, Lonrho has not had a formal merchant bank. It used different banks for different bids at one stage It was favouring Slater Walker which handled a number291 words
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Article266 1977-04-08 2 Reuter BUYERS moved In and out of the Sydney stock market In an apparently undecided manner this week. Situation stocks featured prominently In a lacklustre, holiday-shortened week. For the most part, falls outnumbered rises, and trading volume dipped below the recent average of two million. lAC was among theReuter - 266 words
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466 1977-04-08 2 Reuter TOKYO, Thurs. Mr. Yoshlteru Suzuki, newly-elec-ted president of the Japan Mining Association, said Japan should build up a stockpile of copper and other nonferrous metals worth about US$35O million (SsB7s million) within the next year or two. In an Interview with Reuters, Mr.Reuter - 466 words
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Page 2 Advertisements
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Advertisement283 1977-04-08 2 Business Times 11 1 a money saving bonus offer for all their advertisers Effective from now to September 30,1977 We have great news for all advertisers: From now to September 30, 1977, Business Times will offer advertisers a FREE additional insertion for every two insertions appearing in the newspaper during283 words
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OVERSEAS
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252 1977-04-08 3 Reuter HAMBURG, Thurs. Chancellor Helmut Schmidt promised Tuesday to continue aid to the West German shipbuilding industry to safeguard shipyard Jobs. Speaking at the 100 th anniversary celebration of the Blohm and Voss shipyards here, Mr. Schmidt said the Government wouldReuter - 252 words
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Article203 1977-04-08 3 Reuter LONDON, Thurs. Stockbrokers Phillips and Drew forecast 1 1/2 per cent growth in real UK Gross Domestic Product (GDP) in calendar 1977, mainly as a result of improved net export volume and some restocking. Neither consumption nor investment are expected to contributeReuter - 203 words
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393 1977-04-08 3 Reuter WASHINGTON, Thurs. The Senate Budget Committee approved proposed government spending of U*****.8 billion (551,128.6 billion) for the fiscal year beginning October 1, a level that would involve a budget deficit larger than that sought by President Carter. The committee's budget plan, which will serveReuter - 393 words
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394 1977-04-08 3 Soon —US plan to help home sugar growers API Reuter WASHINGTON. Thurs. A new -US sugar programme aimed at helping domestic growers without cutting imports or driving up consumer sugar prices may soon be announced, the US Agriculture Secretary said yesterday. "I think It's safe to say that there willAPI; Reuter - 394 words
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195 1977-04-08 3 Reuter NEW YORK, Thurs. Inflation In the US will average five to 5-1/2 per cent for all of 1977, significantly lower than the January-February pace, Citibank economists said In the bank's audio cassette service. The bank said In Its monthly economic letter that foodReuter - 195 words
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Article159 1977-04-08 3 Reuter ROME. Thurs. The Italian Parliament yesterday approved a government economic package designed to obtain a US$53O million (551,304 million) loan from the International Monetary Fund (IMF). The package, put together after lengthy negotiations between the minority Christian Democrat government, other major parties andReuter - 159 words
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Article, Illustration423 1977-04-08 3 Reuter BONN, Thurs. World Bank president Robert McNamara met West German leaders here yesterday to discuss how to speed up the North-South dialogue, the Paris talks between Industrialised and developing states to evolve a new world economic order. One of Mr. McNamara's meetingsReuter; AP photo. - 423 words
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567 1977-04-08 3 FINANCIAL TIMES LONDON: Forecasting the future course of the British economy has become a minor growth business over the last few years ironically just at a time when the whole science or, rather, art of forecasting has faced criticism andFINANCIAL TIMES - 567 words
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Article51 1977-04-08 3 UPI TOKYO. Thurs. Polish vice-* Premier Tadeusz Wrzaszczyk will visit Japan as a guest of the Government from April 18 to April 23, the Foreign Ministry announced yesterday. During his stay In Japan he will confer with Prime Minister Takeo Fukuda, Foreign Minister lichlro Hatoyama, and. other GovernmentUPI - 51 words
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469 1977-04-08 3 Reuter TOKYO. Thurs. Financial officials of Western leading industrial nations are expected to meet in Paris on April 16 as deputies of the "Group of Ten" finance ministers to discuss a proposal to give the International Monetary Fund (IMF) access to a new facilityReuter - 469 words
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160 1977-04-08 3 Reuter BRUSSELS, Thurs The Common Market commission hopes to have its plan to aid community firms hit by the world steel recession in operation by early next month, EEC officials said here yesterday. The commission yesterday approved final texts of the plan, which nowReuter - 160 words
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Page 3 Advertisements
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Advertisement85 1977-04-08 3 Dillingham C onst ruction Singapore Pte Ltd is now at 1106, Orchard Towers, 400, Orchard Road, Singapore 9. Telephone:23sl292 "letexßS23B93 DILjCONS Vice-President: ARTHUR P. HOEFER This announcement appears as a matter of record only April 1977 PERBADANAN PEMBANGUNAN EKONOMI SARAWAK (Sarawak Economic Development Corporation) Term Loan due 1982 Unconditionally and85 words
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Page 3 Miscellaneous
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Miscellaneous280 1977-04-08 3 DIO&TV SINGAPORE 5 10.00 A.M. Opening Announcements followed by Cartoon Favourites 0 10.40 Holiday Matinee Helen Of Troy* Starring: Rossana Podesta, Jack Sernas, Sir Cedric Hardwicke, Stanley Baker, Brigitte Bardot 12.30 A Salute to musicals" 1.35 The Commercial Union Masters' Tennis Tournament 0 2.45 Magic Circus 0 3.30 Disappearing World280 words
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Miscellaneous52 1977-04-08 3 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on April 7 at Singapore airport. Maximum Temperature 32.7° C Associated Humidity 59 Minimum Temperature 23.9° C Associated Humidity 98 Hours of Sunshine 6.70 Rainfall in Millimetres Nil Total Rainfall for the Month 15.5 Total Rainy Days for the52 words
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Miscellaneous61 1977-04-08 3 BriFtd^^BokiiicteDS »*r\ «Bour "feMD&fJCy Tt> <feeP UODPIMG CFF OUOMG, ujOOOnG MCJOCS WoPe *Ts NOT o SiGf4 or old p»&e court p»oa i GCUNG To DQ P I DOT ReBLD/ T|(2 GO c*? U)GP»R>/_ ,r s i kre&f 3 DPOFP,^ IT'S NO use my PFCIMG T Hf FLOOC GeiriMr, ovep ir61 words
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COMPANY NEWS
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428 1977-04-08 4 SIM Llm Investments, a Singapore based group involved in trading, finance, property and other businesses has reorganised its interests in Malaysia. The group reported to the Kuala Lumpur Stock Exchange on Wednesday that the Foreign Investment Committee has now approved the scheme, which428 words
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248 1977-04-08 4 KEMPAS (Malaya) says the sale of Its 50 per cent holding in Tractors Far East has no effect on its asset backing since it was sold at the original cost. Replying to queries from the Kuala Lumpur Stock Exchange, .the company adds," however as248 words
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Latest results
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Article105 1977-04-08 4 Group pre- tax profit M 524.01 million ($19.49 million) on sales of $130 million ($116.41 million) for the year ended Dec 31, 1976. Depreciation $4.49 million ($4.38 million) and interest payable $112,000 ($170,000). Tax $10.97 million ($8.84 million) leaving after-tax profit $13.03 million ($10.65 million). Final dividend105 words
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COMPANY MEETINGS
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24 1977-04-08 4 THE following company meetings are due: Apr 11, 10.30 a.m., Registered Office, No. 64-A, Jalan Bukit Blntang, Kuala Lumpur.24 words
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Article17 1977-04-08 4 Apr 14, 11 a.m., 3rd Floor, Bangunan MBSB, 13/15 Leboh Ampang, Kuala Lumpur.17 words
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674 1977-04-08 4 SAN Holdings has sold its property in Penang to Playmore (Malaysia), a subsidiary company of Aishah Holdings, for a total cash consideration of M 55.96 million. The sale, however, resulted in a loss of $2.27 million "because of the present depressed state674 words
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Article666 1977-04-08 4 Currant payment Ex Date Date payable Total for the year Total for previous year L'.A.C. K.L. Kepong HUM(N) M Banking Mia. Sec. RoWmwi Prima M.B.8. Obnpii Plywood Hu»e<F.E.> Batu Liitui Austral Enterp TalamMinea Goodwood Park Hotel Malaysia Sol. Cocoauta Kam anting Tia Sthn. Kinta Cona. K.L. Kepong Dab.666 words
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Article208 1977-04-08 4 SOVRAN Industries looks set to meet Its promise of Improved profitability for the current year ending June 30, 1977 Judging by Its encouraging Interim results. On a near two-fold Increase In sales for the first six months ended Dec 31, 1976 the group made a208 words
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1019 1977-04-08 4 JAKARTA, Thurs. The 33 foreign pharmaceutical manufacturers operating in Indonesia have a headache but they can't take some of their own medicine to make It go away. The manufacturers, most of whom set up plants here in the early 1970'5, are beginning1,019 words
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Article62 1977-04-08 4 Reuter TOKYO, Thurs. Nissan Chemical Industries said Its managing director Yoshlhlro Nakajlma Is In Peking to explain the company's new phosphatlc fertiliser production system to Chinese trade officials. His visit follows a request by China, which hopes to use the system, and the company hopesReuter - 62 words
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210 1977-04-08 4 UPI BETHLEHEM, Pennsylvania, Thurs. The US Is creating unemployment by Importing excessive amounts of foreign steel. Mr. Frederic W. West, Jr., Bethlehem vice chairman, said In a speech to a rotary club Luncheon yesterday that imports are causing "severe damage to the entire American economy."UPI - 210 words
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Article121 1977-04-08 4 Reuter SYDNEY, Thurs. Striking Australian Metal Workers Union (AMWU) members at the Newman Iron ore mine, Western Australia, voted to stay on strike at a mass meeting today. a MT. Newman Mining spokesman told Reuters. This means the lay-offs of other workers at the mine,Reuter - 121 words
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Article1351 1977-04-08 4 On April 6 TRADING on the Chicago Board Options Exchange came to 99,795 contracts on Wednesday compared with 93,841 contracts on Tuesday. OPTION APL JLY OCT STOCK Alcoa 50 9 5 7/8 6 3/8 991/4 Alcoa 60 UNTRD 9/16 17/16 951/4 Am Tel SO UNTRD NOL NOL1,351 words
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Page 4 Advertisements
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Advertisement168 1977-04-08 4 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) Surface.mail Zone Singapore Malaysia, Brunei Overseas Second class airmail (Individually wrapped and mailed) Zone Brunei. Sarawak. Sabah Australasia/Pacific (excluding Hawaii) Africa,168 words
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INTERNATIONAL COMPANY NEWS
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Article394 1977-04-08 5 Reuter FRANKFURT, Thurs. Deutsche Bank's operating profit rose 15 per cent in the first two months of 1977, compared with one sixth of last year's operating profit of 832 million marks, managing board Joint spokesman Mr. Wllhelm Christians told a press conference. Business volume inReuter - 394 words
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Article138 1977-04-08 5 Reuter LONDON, Thurs. Generale Occldentale said It is not In formal discussion with the board Cavenham with a view to making an offer for the outstanding minority. It made the statement following undue activity yesterday in Cavenham shares. However, Oenerale Occldentale and its advisers are considering whatReuter - 138 words
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Article291 1977-04-08 5 Reuter NEW YORK, Thurs. Marlnduque Mining and Industrial, In a release Issued here, said It was advised by Independent auditors that it Is not In compliance with certain financial covenants. Marlnduque said the covenant's relate to maintenance of specified amounts of working capital and stockholders equity underReuter - 291 words
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Article180 1977-04-08 5 Reuter WASHINGTON. Thurs. The Senate Banking committee unanimously approved the nomination of Mr. Harold Williams as chairman of the Securities and Exchange Commission and sent it to the full Senate for final action, possibly today. Mr. Williams, a Democrat and dean of the School of Graduate ManagementReuter - 180 words
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Briefly
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Article93 1977-04-08 5 LONDON, Thurs. Cyprus is raising a US$3O million syndicated bank loan, Its first every Eurocurrency market borrowing, Manufacturers Hanover said as one of the banks managing the credit. The loan will be placed with the four managing banks and a maximum of five others and arrangements for the93 words
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Article67 1977-04-08 5 AMSTERDAM, Thurs. Algemene Bank Nederland (ABN) said it proposes to double authorised share capital to one billion guilders to prepare for further expansion. Its Issued share capital at end 1976 was 414 million guilders and it earlier said balance sheet total rose to 55.9 billion last year. Executive chairman,67 words
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Article41 1977-04-08 5 MUNICH, Thurs. The 125 million mark 5% per cent three year Eurobond for Elf Norges of Stavanger was priced at par, a spokesman for lead manager Bayerlsche Verelnsbank said. The price had originally been envisaged as 99% per cent.41 words
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Article38 1977-04-08 5 MANILA, Thurs. The government-owned Philippines Exchange (Philex) has offered to buy the Sweetner division of Sucrest of the US, the Philippines Dally Express said. No comment was available from Philex, which Is closed for the Easter holiday.38 words
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Article47 1977-04-08 5 WASHINGTON, Thurs. Liabilities of US banks to their foreign branches rose US$lO7 million to $3.79 billion In the week ended March 30, the Federal Reserve Board said. This was $498 million lower than the level of Eurodollar borrowings In the week ended March 31, 1976.47 words
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Article39 1977-04-08 5 NEW YORK, Thurs. A syndicate headed by First Boston said it Is offering 900,000 shares of R.J. Reynolds Industries common stock at 63V« a share. Selling concession is set at US$l.2O a share and reallowance at 50 cents.39 words
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Article75 1977-04-08 5 AMSTERDAM, Thurs. Nederlandsche Mlddenstandsbank (NMB) said It will make a one-for-ten rights issue of 50 guilder nominal ordinary share at 125 guilders with new shares ranking for dividend from 1977. Nominal value of the Issue Is 15.5 million guilders. Issued capital at end-1976 was 147.3 million guilders. NMB will75 words
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Article94 1977-04-08 5 NEW YORK, Thurs. The Municipal Assistance Corp for the City of New York said Its oicchange offer for New York City moratorium notes was fully subscribed at the close of business on Tuesday with a total of U*****,675,000 of city notes tendered. Terms of the offer called for the94 words
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160 1977-04-08 5 Reuter SYDNEY, Thurs. Alcan Australia said It will make a one-for-four rights Issue of one dollar nominal shares at par to shareholders registered on April 15, raising paid up capital to US$35 million from $28 million. Alcan said the funds raised will be usedReuter - 160 words
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Article85 1977-04-08 5 Reuter TOKYO,Thurs A survey by the Industrial Bank of Japan of 1,737 Japanese companies Indicated they [>lan to make capital outays for plant and equipment totalling 8,653 billion yen during the 1977 fiscal year Just started. This will be an Increase of 0.1 per cent over anReuter - 85 words
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Article105 1977-04-08 5 Reuter TOKYO, Thurs. The Economic Planning Agency said 38 per cent of Japanese companies believe their exports have become less profitable due to the rise in the value of the yen, while another 29 per cent expect lower export profitability if it appreciates beyond 270 yen toReuter - 105 words
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Article730 1977-04-08 5 ROBERT METZ - NEW JERSEY SPORTS BODY By ROBERT METZ NYT WHEN the fledgling New Jersey Sports and Exposition Authority began planning the Meadowlands Sports Complex early In this decade, leading New Jersey banks put up US$5O million In seed capital, thinking that $30 million of taxexempt bonds wouldNYT - 730 words
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Article245 1977-04-08 5 Reuter SYDNEY, Thurs. About 2,000 Hamersley Holdings workers who had been on strike or laid off for about 11 days resumed work this morning, company sources In Dampler, Western Australia, told Reuter by telephone. Iron ore lo&dlnv resumed Immediately and the first bulk carrier toReuter - 245 words
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241 1977-04-08 5 NYT NEW YORK, Thurs. Anaconda, a major mining and metal manufacturing concern that has had Its headquarters In New York City for more than 50 years, announced on Tuesday that It would move Its corporate offices to Denver In 1978. Some 175 headquarters employees outNYT - 241 words
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175 1977-04-08 5 Reuter ROME, Thurs. The board of Oenerale Immobiliare said it will continue today Its examination of 1976 accounts and of the financial problems facing the company. A communique issued after a board meeting gave no other details. Financial sources said the company Is negotiating withReuter - 175 words
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Article84 1977-04-08 5 Reuter LONDON, Thurs. UK Prices Secretary Mr. Roy Hattersley said he hopes to start negotiations soon on defining minimum levels of company profitability as a safeguard in the new prices policy. The new price commission bill, published on Monday, introduces a permanent power for the commission toReuter - 84 words
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Article77 1977-04-08 5 Reuter LONDON, Thurs. Hoover chairman, Mr. P.C. Boon, told the annual meeting that, with three months of 1977 past, the current year has made cm encouraging start. The general Industrial outlook Is showing some signs of Improvement and further progress may be expected both at homeReuter - 77 words
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Article77 1977-04-08 5 MILAN, Thurs.— Snla Viscosa. the chemicals and fibres manufacturer, reports a 1976 break-even against 1975 net loss of L 4.83 billion. Sales were L 535 billion, up 42 per cent. No dividend will be paid. The last dividend, paid in 1974, was Ll2O per preferred, L77 words
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Article62 1977-04-08 5 Reuter LA PAZ, Thurs. Bolivia will launch a US$l5 million Eurobond, Mr. Jack Trlgo, director of economic Elides at the Finance nlstry said. The coupon will be between 10 and 10* per cent with a five year maturity extendable to 10 years. He said Finance Minister Carlos CalvoReuter - 62 words
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148 1977-04-08 5 Reuter PARIS, Thurs. French capital gains tax on shares and bonds will come Into effect on Jan 1 1970 instead of Jan 1 next year as originally planned, presidential spokesman Mr. Jean Philippe Lecat said. The gains tax, agreed by the French Parliament last July,Reuter - 148 words
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Article97 1977-04-08 5 Reuter TOKYO, Thurs. Toyota Motor Sales said it Is considering raising retail car and truck prices In the US to offset losses arising from the yen's rise. It said It Is holding consultations with Its American distributors and dealers on the pricing matter, but nothing has yetReuter - 97 words
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Article79 1977-04-08 5 Reuter TOKYO, Thurs. —Nippon Mining said it is awaiting finance ministry approval for a US$l5 million, five year Eurobond issue next month. Credit Suisse White Weld. Yamalchl Securities and Industrial Bank of Japan will be lead managers of the issuing sysndicate, and the bond will be listed eitherReuter - 79 words
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569 1977-04-08 5 Reuter HONGKONQ, Thurs. The proposals for unification of the Hongkong Stock Exchange and the Far East Exchange indicate a movement towards a possible gradual Integration of all four Hongkong stock exchanges. Hongkong Stock Exchange secretary Mr. Richard Witts said. He told Reuter the announcementReuter - 569 words
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248 1977-04-08 5 Reuter LONDON, Thurs. Rowntree Mackintosh has I achieved a 36.3 per cent Increase In pre-tax earnings following a rise of 21.6 per cent In turnover for the year ended Jan 1, 1977. Pre-tax profit jumped from £22.67 million to £30.9 million on a turnover of £384.92Reuter - 248 words
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104 1977-04-08 5 Reuter WASHINGTON. Thurs. Burroughs said the US Customs Service Is seeking U5542.5 million In civil penalties against it for alleged underpayment of duties on imported products. Burroughs, in a report filed with the Securities and Exchange Commission, said the action Is in connection withReuter - 104 words
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Page 5 Advertisements
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Advertisement171 1977-04-08 5 Grow with Scotiabank: Mfe have offices in over4o countries. Our total assets: $182 trillions. v~\ .V; ,'j •:'/A! '••j.-W* >■; e-t v.. V-r t-CjJ > S.r-r.-? v *> W* ms&ssi v,/' '••>•■• IWMVUU l The Growth Bank: We have over 1,000 offices and branches worldwide and in the past four171 words
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Article2039 1977-04-08 6 Gr's Gr's Nat 1977 Last div Div y'U P/E Val Day High Low Company Sate +«r- e'w <*•••> Hick Ltm 8ECTION ONE INDUSTRIALS 146 136 Acma 138 12 ON 1.1 8.6 6.9 133 127 Acma A 127 12.ON 1.1 9.4 6.4 204 204 Alcom 204 20.0 0.52,039 words
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Article1154 1977-04-08 6 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets In lots of 1000 units unless otherwise specified All Time Settlement Contracts are quoted after the word "Sett Big Board1,154 words
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Article1187 1977-04-08 6 810 and otter prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets in lots of 1.000 units unless otherwise specified INDUSTRIALS Acmi (1 398 1 458). Loytap* (0 498) A|in*m*t* (1 988)1,187 words
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Article134 1977-04-08 6 C. and C. (Sept $1 90) (0.108 0.205) (June $1.90) (0.05B). D.B.S. (June $3.90) (0.108) (1) 0.10, (1) 0 09 (Sept $3 60) (0.268 0.368) (Dec $3,901 (0.288 0.428) Inchcape (June $2.40) (0.108 0.118) (1) o.lo* (Sept $2.40) (0.11B) 0.L'.8. (June $3 50) (0.078 0.098) (June $3.30) (0.208)134 words
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Article146 1977-04-08 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Manager*' price* for Apr 11) (Current price*) The Commerce 1.74 l.M INCOME BOND 1.04 1.10 The Saving Fund 0 90 0 95xd MARA BUMIPUTRA FUND S'pore Prog Fund 0 79 0.84 (Manager*' price* for Apr 8) S'pore Security Fund 1.45 1.53 S'pore146 words
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Article164 1977-04-08 6 B O T 8 1/2% 1981 (100,000) (103'*B 103HS) D B S 8 1/2% 1982 (100,000) (100UB DBS Converts 6 1/2* 1991 (100,000) (98''«B 98HS) E I B 9* 1982 (100,000) (103 SB 104 SS) E 1 B 8 1/4% 1983 (100,000) (100'4B 100**S) I B J 8164 words
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Article65 1977-04-08 6 5 1/2% 15/4/78 (1,000,000) (101.558 101.655) 5 1/4% 15/7/78 (1,000,000) (101.518 101.60S) 5 1/2% 1/10/77-79 (1,000,000) (101.508 101.60S) 5 1/4% 15/10/79 (1,000,000) (101.188 101.28S) 6 3/4% 15/8/80 (1,000,000) (103.10B) 6 3/4% 1/12/80 (1,000.000) (103.10B) 5% T F 15/4/81 (1.000,000) (101.508 101.60S) 5 3/4% T F 15/6/81-84 (1,000,000)65 words
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Page 6 Advertisements
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Advertisement13 1977-04-08 6 found only in the 2 t iiPGNGUN p.r j •In Hi 1 V13 words
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Article426 1977-04-08 7 THE Stock Exchange of S'nfapore yesterday plodded through another period of lack-lustre trading as speculators remained on the sidelines ahead of the Easter holidays. Shares again moved narrowly and, where traded, reflected scattered interest nibbling at the second and third liners with good corporate results to426 words
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Article360 1977-04-08 7 A marked reluctance to trade saw the Kuala Lumpur stock market languishing In very dull and sluggish conditions yesterday. Business was extremely slow to form and for the greater part of the day, shares merely marked time. Overall, prices tended to ease fractionally at the360 words
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Article153 1977-04-08 7 Reuter LONDON. Thurs. International Westminster Bank confirmed Its floating rate capital note issue due 1984 has been Increased to US$l2O million from the originally planned $75 million following substantial oversubscription. The Bank said the notes carry a 1/4 per cent spread over London Interbank Eurodollar offeredReuter - 153 words
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Article72 1977-04-08 7 Reuter FRANKFURT, Thurs. Sweden's 250 million mark 6-Vi per cent seven-year Eurobond was priced at 100v» per cent against the originally envisaged par, a spokesman for lead manager Dresdner Bank AG said. Yield Is 6.41 per cent and repayment date May, 1984. Dresdner Bank AG anaReuter - 72 words
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WALL STREET AND OTHER OVERSEAS MARKETS
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Article1087 1977-04-08 7 NEW YORK: Stock prices reversed earlier gains and turned lower In very light prehollday trading on Wednesday. The change of the market's direction came In the final trading hour as declining issues pulled slightly ahead of advances. Market analysts wrote off the earlier advance as a technical reaction1,087 words
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Article241 1977-04-08 7 ZURICH: The market closed narrowly mixed In quiet trading, dealers said on Wednesday. Leading banks, Insurances and flnanclals were barely changed. Industrials fluctuated narrowly with Merkur registered meeting further profit taking. Elsewhere, changes were minimal. Among foreign shares, dollar stocks were Irregular, with Dutch and Qerman shares little changed.241 words
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Article539 1977-04-08 7 TOKYO: Prices closed lower on Thursday as late profit taking and liquidations In blue chips more than offset Initial gains, dealers said The Dow Jones average lost 23.08 to close at 4,870.24 with volume 150 million shares. The New index closed at 364.79, down 0.94. Export oriented shares continued539 words
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Article282 1977-04-08 7 TORONTO: The Toronto market's composite Index closed with a seven-point loss on Wednesday, adding to the 14polnt decline of the last two sessions. Declines outpaced advances 218 to 155 In fairly light trading. Among the largest price changes lace A was of 1-1/2 to 30-1/2 on 12,700 sham. Bow282 words
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Article320 1977-04-08 7 FRANKFURT: Shares rose on increased demand after a quiet start, market sources sal a on Wednesday. In higher banks, Deutsche Bank, whose 1976 parent company net profit was little changed, rose 2.50 marks, while Bayern Hypo gained four marks. In autos, BMW rose 2 80 marks Metallgesellschaft, which announced320 words
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Article410 1977-04-08 7 SYDNEY: Late buying support for situation stocks helped some sectors firm In slack trading In a half day session, dealers said on Thursday. The Sydney AU-ordlnarles In dex dropped 2.15 points to close at 437.43 points. Utah rose five cents to 94 55 while Central Norwmtn rose 10 cents410 words
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Article398 1977-04-08 7 JOHANNESBURG Gold shares continued to ease In line with European bullion indications In thin trading ahead of the IMF auction, dealers said on Wednesday. Financial minings followed producers, with Amcoal 20 cents off at 770 and Charter 11 cents down at 302. Cons Gold was unchanged at 415 following398 words
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Article481 1977-04-08 7 PARIS: The market rallied sharply on Wednesday following the government decision to postpone application of the capital gains tax for shares and bonds to Jan 1 1979 from Jan 1 1978, dealers said. Earlier shares fell steadily from the opening, despite the day's quarter point drop In call money481 words
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Article153 1977-04-08 7 MILAN: The market closed easier In fairly active trading after a steady opening, dealers said on Wednesday. Fiat led declines In leading industrials as did Asaicurasioni General! In Insurances, and Bastogi In flnanclals. Ante, Montedison, both Pirelli* and Olivetti were all lower, but Rinaacente was unchanged In stores. Bonds153 words
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Article419 1977-04-08 7 HONGKONG: The market closed slightly higher In moderate trading ahead of the Eastern holiday break, with cheap buying In the afternoon boosting prices after an easier opening, dealers said on Thursday. The Hang Seng index rose 2.07 points to close at 430.14 points. Among market leaders. HK Land, Jardines419 words
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Article308 1977-04-08 7 AMSTERDAM: The market was Quietly firm, dealers said on Wednesday. Dutch Internationals were mostly higher led by Hoogovetu which rose 0 60 guilders but Royal Dutch fell 0.20 Insurances gained. Trading and Industrial stocks were generally higher but Bolt, Fokker, Gist-Brocade* and Deli fell. Transports were mixed 1 Banks308 words
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Article158 1977-04-08 7 BRUSSELS: The market was mixed In quiet trading, dealers said on Wednesday. Rises included Geoaiaes, Finoutremer and HalaaatSambre, while Sidro, Asturieaae, FN. St Roch and UCB fell UK. Canadian and gold mining shares fell. Germans were mostly easier, but French stocks rose above Tuesday's closing levels after opening lower158 words
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Article93 1977-04-08 7 APR 07 Bahts Asia Fibre 178 16 Bangkok Bank 278 ♦4 Bangkok Invest 102 ♦4 Bangkok-Metro-politan Bank Bata 411 -16 Berli Jucker 255 24 Charoong Thai Wire 164 I Dumex DusltThanl Faber Merlin First Trust Indo-Thal IMS -S Industrial Finance Corp J And J Ho 235 ♦7 Jalaprathan Cement93 words
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Article61 1977-04-08 7 FINANCIAL TIMES INDUSTRIALS Wednesday 400.5 Tuesday 402.5 Week ago 427.2 DOW JONES AVERAGE INDUSTRIALS Wednesday 014.73 Tuesday 010.41 Week ago #21.21 LONDON DOLLAR PREMIUM Wednesday 114* 115 w Tuesday 115% 118* H.K. HANG SENG Wednesday 428 07 Tuesday closed Week ago 418.15 SYDNEY INDUSTRIALS Wednesday 358.22 Tuesday 358.84 Week61 words
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Article89 1977-04-08 7 Reuter TOKYO, Thurs. Pioneer Electronic said it reached basic agreement with Sony to use the "Betamax" colour video tape recorder (VTR) system developed by Sony. Pioneer said it is Interested In colour VTR production to expand the scope of its business, which has concentrated On audioReuter - 89 words
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Page 7 Advertisements
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Advertisement351 1977-04-08 7 ljj nna myrm .1 u wwn TlK± Yes, Penguin books are not to be found in any ordinary shop. Not in little road-side stalls. Heavens, certainly not in the pasar malam! Because Penguin books are rather •—m special. They are mind-stimulating, deeply researched, entertaining in a wholesome way, highly educational351 words
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COMMODITY REPORTS AND PRICES
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Article320 1977-04-08 8 IN the Singapore rubber market yesterday, opening quotations were marked up 0.75 cent on higher London advices and gained further initially on light buying and some covering Interest, dealers said. The market then ruled quietly steady ahead of the long Easter holidays. Some forward demand320 words
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Article30 1977-04-08 8 Rubber: April 7 Singapore: April 197.50 eta (up 1.75 eta.) Malaysia: April 203.50 eta (up 1.50 eta) Tin: $1,410.00 (up 112.00) Official offering: 165 tonne* (up 25 tonne*)30 words
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Article101 1977-04-08 8 R.A.S. April (Current Mth) Buyer* Seller* (cent* park*) May (Forward Mth) Buyer* Seller* (cent* per kg) SSR20 SSR 50 (1-ton Pallet) (1-ton Pallet) 192 50 191 00 194 508 193 008 194 00 192 SO IM.OON 194 SON M.R.E.L.B May June SMR5CV SMR5L SMR 5 SMR 10101 words
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Article208 1977-04-08 8 THE Straits tin price In Penang yesterday was up $12.00 to $1,410.00 per plcul on an official offering up 25 tonnes to 165 tonnes. In LONDON yesterday, tin closed about £2 down for Cash and £25 lower for Three Months In the standard contract. High Grade was £5208 words
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Article118 1977-04-08 8 THE following Palm OH prices were quoted In London on Wednesday The prices are elf Rotterdam and are quoted In US dollar per ton unless otherwise stated Malaysia 5% Ha bulk Jue/ Jly Sumatra 5% Apl May June July Aug Nigerian 5% fta bulk Sterling per long ton118 words
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Article630 1977-04-08 8 CHINESE PRODUCE EXCHANGE, SINGAPORE NOON CLOSING PRICES PER PICL'L YESTERDAY. Coconut Oil Bulk SI 12 sellers, old drum SI I*7 sellers, new drum $122 sellers Copra: Mixed (loose) UK/Cont 174 buyers Pepper; Muntok ASTA white f o b. 100% NLW $407-1/2 sellers. Sarawak whiter ob 9«% NLW $387-1/2630 words
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Article353 1977-04-08 8 IN the Singapore gold market yesterday, the kilobar traded quietly in the range of 5511,840 to SSI 1,860. The loco London gold hovered around US $148.60/149.00 with minimal business being transacted. The London morning fl* was U*****.90 up 30 cents on the previous fl*. Source: Singula* The Singapore Chinese353 words
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Article115 1977-04-08 8 LONDON, Thurs. Silver finished 0.8 pence per troy ounce higher to 0.50 pence lower In the morning. The market was quiet but steadiness In gold was a supporting influence In the absence of much buying Interest. Three Months closed at 281.8 pence. Carries accounted for the bulk of the115 words
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Article44 1977-04-08 8 LONDON, Thurs. Zinc gained £2.75 for Cash and £1.25 for Three Months In the morning. The market tone was aided mainly by the trend In lead, dealers said, but dealings were slack at 575 tonnes. A small rise Is anticipated In warehouse stocks.44 words
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Article214 1977-04-08 8 BANGKOK, Thurs. Indicative prices quoted for rice were: US dollars per tonne fob basis Bangkok 100 per cent Ist class 286 100 per cent 2nd 289 100 per cent 3rd 264 5 per cent 254 10 per cent 233 IS per cent 230 20 per cent 227 25 per214 words
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Article211 1977-04-08 8 LONDON, Thurs. Robusta futures closed the opening session steady £16 higher to £20 per tonne lower compared to last night. 232 lots were traded. July rose £16 at £3,894 after a low of £3,880. Distant May lost £20 at £3,015. Dealers said possible spill over New York selling from211 words
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Article399 1977-04-08 8 STEADIER conditions have again prevailed as the markets registered a relatively sharper fall of some five cents although turnover continued to be fairly modest, says Holiday, Cutler Bath In its weekly review of the Singapore and Malaysian rubber markets. A combination of stale bull liquidation of399 words
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Article138 1977-04-08 8 LONDON, Thurs. Terminal opened steady, £0.35 to £0.55 up on yesterday afternoon levels. Sales totalled 621 lots. Market sources said the sale of raw sugar to Morocco yesterday Influenced a £1 reduction to the London dally raws price which now stands at £135 per tonne. Quiet conditions persisted and138 words
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Article200 1977-04-08 8 LONDON, Thurs. Copper wlrebars finished the half trading day before the Easter recess showing losses of around £1.50 per tonne. Early pre-market steadiness gave way under light pricing sales which took Three Months from £875 down to £869 before some fresh buying cushioned the fall. Modest booksquarlng operations held200 words
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Article76 1977-04-08 8 LONDON, Thurs. Lead closed with gains of £11 per tonne for Cash and £8 for Three Months In the morning. The market was given a boost by pre-hollday shortcovering which reflected expectations of a sizeable fall in warehouse stocks, dealers said. Three Months traded from a low of £37276 words
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Article91 1977-04-08 8 CHICAGO, Wed. Wheat futures finished with gains of 1* to two cents a bushel, Influenced by the strength In soybean futures. Speculative buying on the early upward surge In beans brought small Initial gains in wheat. Prices eased back as beans turned downward but the late rally In beans91 words
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Article98 1977-04-08 8 CHICAGO, Wed. Soybean futures staged a late recovery which left final prices at or Just below the day's highs, with gains of 19 to two cents a bushel. A strong initial advance on the continued good European and export demand lacked followthrough as profit-taking was encouraged by weakness in98 words
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MONEY AND EXCHANGES
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Article623 1977-04-08 8 AFTER days of intense Interest In the Japanese yen which carried the currency to a three-year high against the US dollar, the currency became suddenly featureless In the Singapore forex market yesterday After the US dollar reversed its downtrend against the yen on Wednesday following the Bank of Japan's623 words
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Article176 1977-04-08 8 Asian rates ASIAN currency deposit interbank rates u at dote on April 7 I S Dollar* (Spot) Offer Bid 7 days 1 mth 2mths 3mths mths 9mths 12 mths S 1/19 S 5/lfl 5 3/18 s via 5 S/8 5 7/9 a 1/8 Fr*. 4 15/18 via s i/ia 5176 words
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Article48 1977-04-08 8 RANOE of prices offered by discount houses on April 7 Overr.lght 2 to J* Call deposit 3% CtasiM Buy 8eilu>« 3-month Treasury bills 3-Month Bank bills 3-Month CD •-Month CD 9 4 1/19 4 7/16 4 8/16 27/8 315/16 41/4 4 3/8 Source: National Discount Co Ltd.48 words
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Article49 1977-04-08 8 RESULTB of tender held on April 7 for 91-day Treasury bills to be issued from April 11 to April 15. Offered: $30 million Applied for: $88,500,000 Allotted: $30 million Accepted bids: $99.26 approximately 65%; higher bids In full. Average rate of discount on allotment: 2.965% pa49 words
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Article258 1977-04-08 8 LONDON, Thurs. Major currencies traded barely changed from overnight levels in very dull opening trading as most operators have now squared positions ahead of the long European Easter holiday, dealers said. Sterling was quoted around $1.7190/ 93. slightly down on its $1.7193/ 95 London close, after having eased to258 words
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Article113 1977-04-08 8 NEW YORK, Wed. The dollar closed slightly weaker after another very quiet session as the market awaits President Carter's antiinflation plan next week and ahead of the long European Easter weekend holiday, dealers said. The Canadian dollar closed marginally weaker at US 94.71/74 cents from 94.76/78. The mark113 words
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Article119 1977-04-08 8 HONGKONG, Thurs. The US dollar recovered to HK54.6220/40 In very quiet pre-hollday trading, after falling to around the $4,615/80 level on early selling, dealers said. The low early levels were In line with firmer rates Indicated for the Hongkong dollar in London overnight, they said. Other currencies were quiet,119 words
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Article94 1977-04-08 8 TOKYO, Thurs, The US dollar for overnight delivery closed at 273.20 yen, firmer than the opening 273.00 and 273.10 at yesterday's close, after rising to 273.45 at one stage, dealers said. Japanese banks, after slightly reducing their oversold dollar positions, became cautious ahead of the Easter holiday abroad, dealers94 words
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Article154 1977-04-08 8 Euro rates LONDON, Thurs. Euro- epoBit open slightly easier where changed in quiet trading ahead of the Easter holiday, dealers said. Lack of Interest made for occasional losses of around 1/16 In some near periods, but an Initial gain of around 3/16 In One Month reflected a Friday end of154 words
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Article60 1977-04-08 8 Minimum lending rates (in acbc 6*4 fi 3 Algemene Bank 6* Citibank 6*4 Bangkok Bank 7 hsbc 7 Bank of America 6*. Indosuez 6*. Bank of China 7 Malayan Banking 6*4 Bank of Tokyo 6*« Mitsui Bank 6*4 Bank Negara OCBC 6V« Indonesia 7 OUB Chartered Bank 6*. UCB 760 words
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Article53 1977-04-08 8 AUSTRALIA/ NZ exchanges quoted on April 7 Australia: Sterling 0.6476/ 0.6406 US dlr 1.1098/ 1.1050 Ninety-day air mall buying rates: Sterling 0.6680 US dlrs 1.1352 Ninety-day forward buying rates: Sterling 0.6478 US dlrs 1.0982 New Zealand: Sterling 0.5606/ 0.5575 US dlr 0.9684/ 0.9584 Ninety-day forward rate: Sterling 0.583653 words
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Article41 1977-04-08 8 ZURICH exchanges closing quotes on April 6 US 2.5382-5390 UK 4.3640-3670 Can 2.4080-4100 W Germ 106.28-35 Neth 102.02-10 France 51.08-10 Belg 6.94-1/2-95 Denm 42.17-21 Norw 47.67-70 Swed 57.98-58.02 Italy 0.2856-2861 Austria 14.98-15.00 Port 6.53-58 Spain 3.68-1/2-69-1/4 Arg 0.70-85 Japan 0.92-3/4-93-1/441 words
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Article36 1977-04-08 8 FRANKFURT exchanges opening quotes on April 7 US 2.3860/70 (2.3872/82) Can 2.2600/10 UK 4.095/110 Neth 95.93/98 Swltz 94.00/15 Italy 2.685/ 693 France 48.00/10 Norw 44.80/90 Belg com 6.528/ 538 Belg fin 6.50/54 Japan 0.8730/ 4036 words
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Article286 1977-04-08 8 LONDON Eurobond prices on April 7 Straights Bid Offer Austria 8*. 90 100*. 101 Bell Canada 8*. 86 104S 105% BFCE8*.83 102*. Brazil 9* 84 97* 98 C»n Pacific 9* 83 103* 103V Credit National 8 88 99* 100 EC8C 9 83 104* EEC 8V, 82 101% 102%286 words
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Page 8 Advertisements
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Advertisement250 1977-04-08 8 "AS I WAS PASSING" is now compiled into a book All those articles that you've meant to read, but didn't have time for, but which vou promised yourself you'd cut out and keep, and missed, because the papers had been used to wrap up things, or had been sold to250 words
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TRANSPORT AND COMMUNICATIONS
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212 1977-04-08 9 AFP HONGKONG, Thurs. Ships carrying over 2,000 tonne* of persistent oil need an insurance or other financial security certificate to enter or leave Hongkong. This certificate must be produced for inspection, a spokesman of the Marine Department said today in drawing theAFP - 212 words
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Article611 1977-04-08 9 ARRIVALS Service Local Operator Number Time From CPA CX003 0145 HKG MAS MH682 0810 KCH < PAA PA841 0950 SFO/HNL/OUM SI A SQ211 1015 HLP < GIA GA980 1030 HLP GIA GA908 1100 MES 1 PAL PR501 1115 MNL SI A SQ240 1140 MES RBA BI325 1155611 words
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536 1977-04-08 9 UPI BELGRADE, Thurs. The rulers of Serbia had the Idea but got nowhere for lack of money and modern technl--Bue. But Yugoslav and (reek engineers have dusted off an 1869 plan for a waterway that could link the North Sea with the easternUPI - 536 words
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604 1977-04-08 9 NYT NEW YORK, Thurs. While much attention has focussed on tne space shuttle's airworthiness during captive flights above the California desert on the back of a Boeing 747, lesspubllclsed If noisier progress Is being made with the engines that are to propel a shuttleNYT - 604 words
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212 1977-04-08 9 AFP TOKYO, Thurs. A new memory device capable of doing the Job of about 160,000 electronic elements such as transistors has been developed by Japanese researchers. The development of a very large scale Integrated circuit (LSI) was undertaken by the Musanshlno ElectricAFP - 212 words
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218 1977-04-08 9 AP WASHINGTON, Thurs. The United States will launch a sophisticated new scientific satellite on April 15 to study some of the most mysterious objects In the universe pulsars, quasars, exploding stars and black holes In space. All are sources or hlghenergyAP - 218 words
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Article47 1977-04-08 9 Reuter PARIS, Thura. France's largest trade union, the Confederation Oenerale Du Travail COT), said It ordered its docker members to strike tomorrow and Saturday in support of Dunkirk dockers on strike since March 10. Virtually all French dock workers belong to the COT Reuter.Reuter - 47 words
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Article667 1977-04-08 9 TERESA LIM - By TERESA LIM ROLL ON/ROLL OF (ro-ro) vessels currently have the rare privilege of not being In over-supply. But this may well be ephemeral as there Is a large newbulldlng order-book and fears of overtonnage are Increasingly being expressed. The market for small roro667 words
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134 1977-04-08 9 CAPE TOWN, Thurs. Ellerman Harrison Container Line of London and Compagnle Generale Maritime of Paris reached agreement to combine their Interest In the Southern Africa/North West continent trade, Ellerman and Bucknall (Pty) Ltd said in a statement. They will operate a Joint service134 words
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Article214 1977-04-08 9 AP LONDON, Thurs. Business was weighted heavily yesterday In the time-charter section where numerous bookings were concluded at rather easy rates. Single-voyage operations comprised Just a small number of fixtures, mostly concerning North American grain. Steady rates prevailed on the US Gulf-Holland grain route as the bulk-oilAP - 214 words
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84 1977-04-08 9 AP ATHENS, Thurs. Olympic Airways pilots returned to work today, ending a 16day strike. Of the state-owned carrle's 340 pilots, about half had struck to demand the reinstatement of the airline's flight operations director. But Olympic officials denied flight opera- tlons directorAP - 84 words
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Article, Illustration775 1977-04-08 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Cherry Vllja (B Barge i (1500 after Eastern Sea salli) 40/41 Eastern Sea (Tanker) (0200) 40/41 Kota Slngapura (1800 after Centaur) 15/16 Kwong Ta (SLHU) (1200 29/30 Load SUr (0900) 25/26 Lumut <***** 21 West Murasakl Maru No 5 (after Hone Leone) 21775 words
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Page 9 Advertisements
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Advertisement307 1977-04-08 9 1 r r < a.:-i k v 4 -*r v x>■ V $125/TIMES DISTRIBUTORS SON. BHD., MAIL ORDER DIVISION. TIMES HOUSE. RIVER VALLEY ROAD, SINGAPORE 9. Pleas« send m« copy/copios of THE TIMES ATLAS OF CHINA. I tnclow Chequa/Money Order for post freo. while stocks last! THE TIMES ATLAS of307 words
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Article, Illustration787 1977-04-08 10 RONNIE LIM - By RONNIE LIM THE Image of the rich Indonesian Is enhanced by the latter day exploits of a comEany called Sampoerna [oldlngs. Set up five years ago In July 1971 as Aga Sampoerna the company, through a network of six subsidiaries spread787 words
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710 1977-04-08 10 UPI MEXICO CITY, Thurs. Rising coffee prices are proving to be a mixed blessing for Latin America's coffee-yrowtng countries. The doubling of prices In the past year has brought Inflation, smuggling, speculation and shortages In some producing nations. Certainly, big growers are makingUPI - 710 words
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Article116 1977-04-08 10 AP WASHINGTON, Thurs. The US Postal Service should offer electronic message service In addition to the traditional mall service, the chairman of the US House Postal Service Sub-commltt«e said yesterday. If It does not enter the electronic message field, the postal service "will be faced by cripplingAP - 116 words
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1073 1977-04-08 10 ROBERT GREEN - Br ROBERT GREEN Reuter MILLIONS of weight and diet conscious Americans are reacting bitterly to a Government decision to ban saccharin as a sweetener. An avalanche of mall from people who cannot or do not want to use sugar In their drinksReuter - 1,073 words
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304 1977-04-08 10 Reuter SERIOUS differences between Japan and the United States over the recycling of used nuclear fuel now seem Inevitable. At the heart of the Issue lies Japan's wish for longterm energy self-suffi-ciency, which must be reconciled with President Carter's determination to curb nuclear proliferation.Reuter - 304 words
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Article, Illustration776 1977-04-08 10 SOH SIAM LOH - By SOH SIAM LOH BY mid—l 977 Polaroid's world monopoly of Instant cameras will come to an end completely with the International launch of Kodak's EK4 and EK6 Instant cameras. Until now Polaroid has held the monopoly for "Instants" throughout the world776 words
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Page 10 Advertisements
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Advertisement215 1977-04-08 10 TOP EXECUTIVE how to achieve it...how to hold it...TODAY.. ...is for YOU the younger executive Mzfo A f Sj "C 5 Hi:-' ■Kt.y;;, [;v H ""•i.tw *6cyi. j». ft pfe- X v Hr?-'-r k> I i II -;:;x::>" :v i success 7;V »> r *%>' hovwtoHo\d\i..A(x\av il f r: lfV215 words
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493 1977-04-08 11 SINGAPORE'S consumption of oil for the production of electrical power this year will show an Increase of about $200 million over 1973. This was stated by Mr. Llm Kim San, Minister for National Development and Communications, yesterday at the opening of the493 words
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Article270 1977-04-08 11 Reuter KUALA LUMPUR, Thurs. An estimated 20,230 hectares of the 97,125 hectares Muda irrigation rice growing area In northern Malaysia have been affected by a combination of floods followed by drought since last September, Muda Agricultural Development Authority chairman Syed Nahar Shahabuddln said. TheReuter - 270 words
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250 1977-04-08 11 Reuter MANILA, Thurs. About 15,000 Philippine farmers, fishermen and rural businessmen are to benefit from a credit project supported by a U5536.5 million (5589.8 million) loan from the World Bank, the official Philippines News Agency reported today. The project Is the fourthReuter - 250 words
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Article85 1977-04-08 11 THE Singapore Institute of Management in conjunction with the Business Administration department of the University of Singapore will present a talk on Contemporary Relevance of Marketing on April 14 at SIM Conference Room. The talk, to be given by Professor Roger A. Lay ton of the University of85 words
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Article279 1977-04-08 11 Reuter LONDON, Thurs. British Trade Secretary Edmund Dell left here yesterday for talks on economic and trade subjects with Japan, South Korea and the United States. He is due in Tokyo from April 18-20, in Seoul from April 21-23, and in Washington from April 2526.Reuter - 279 words
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Article160 1977-04-08 11 UPI SEOUL, Thurs. The government is trying to persuade two of the nation's three oil refineries to increase their operation capacities to cope with a rising demand for their products, Commerce industry Ministry officials said today. Under the plan being pushed by the ministry, oil refining capacitiesUPI - 160 words
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194 1977-04-08 11 Reuter MANILA, Thurs. The Philippines Reparations Commission has denied knowledge of any Irregularities in obtaining goods from Japan under the 20year payment of World War Two indemnities amounting to USSSSO million (551.35 billion) which ended last year. une denial came in a statementReuter - 194 words
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148 1977-04-08 11 AP BANGKOK, Thurs Three key Vietnamese ministers have left Hanoi to boost friendship, trade and military ties with countries in Asia and Europe, the Vietnam News Agency (VNA) reported today. Mr. Nguyen Day Trlnh, Vice-Premier and Foreign Minister, left Hanoi for India yesterdayAP - 148 words
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Article134 1977-04-08 11 LORD Thomson, British Prime Minister Mr. James Callaghan's special envoy, leaves today for Malaysia, the third country In the first leg of his two-part tour of 15 Commonwealth countries. Yesterday afternoon, he called on the Prime Minister, Mr. Lee Kuan Yew, at the Istana Annexe and134 words
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550 1977-04-08 11 Reuter MELBOURNE, Thurs. There are as yet few indications of the likely retail orders level for wool textile goods In the next northern hemisphere autumn/ winter, the Australian Wool Corp (AWC) said. The textile activity review In Its latest "'Monthly Respective." however, said the levelReuter - 550 words
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Article, Illustration52 1977-04-08 11 The 89,000 tonne Panamanian tanker, Astro Leo, adrift offMatsuyama, Japan, after its collision with the 2,770-tonne Japanese freighter, Ikushun Maru. A fire has been brought under control but crude petroleum is still gushing out from a compartment containing about 48,000 barrels of oil. UP I photo.UPI photo - 52 words
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Article378 1977-04-08 11 Reuter AP BRUSSELS, Thurs. The EEC announced aid worth more than 24 million units of account to nine of the raw material producing countries linked to the EEC under the 1975 Lome Convention. The aid, to African, Caribbean and Pacific (ACP) countries which signed theReuter; AP - 378 words
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Article269 1977-04-08 11 AFP CANBERRA, Thurs. Australia Is Increasing Its assistance to Thailand's rural development In th£ south and highway projects In the north and northeastern regions. The Australian Minister for Foreign Affairs Andrew Peacock will be present at the opening of the Joint Australian-Thai highway project InAFP - 269 words
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Article54 1977-04-08 11 THE National Productivity Board (NPB) will conduct a sales management course from Monday to April 25 at NPB Town Training Centre. The course will emphasise the role of sales managers In planning, organising, staffing, directing and controlling. The fee Is $80 each for National Productivity Association members and54 words
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Article128 1977-04-08 11 AFP HONGKONG, Thurs. Hongkong authorities are exploring the possibility of buying more water from China, It was learned today. Hongkong Is currently receiving 100 billion litres a year from the neighbouring Chinese province of Kwangtung. "We are hoping for further increases In this supply andAFP - 128 words
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Article43 1977-04-08 11 Reuter CANBERRA, Thurs. Australia's population has passed the 14 million mark, the Bureau of Statistics reported today. in 1970 the population rose by 138,500 while It took five years for the population to increase from 13 million to 14 million.Reuter - 43 words
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Article79 1977-04-08 11 THE Singapore Institute of Management will conduct seven courses In April and M ay "Hiey are techniques of effective salesmanship (April 16 June 18), the charge to tax exemptions and deductions module n (April 18 29), business budgeting and forecasting (April 28 30), current labour79 words
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241 1977-04-08 11 Reuter PEKING, Thurs. British opposition leader Margaret Thatcher began a Far Bast fact-finding tour by holding talks with Chinese leaders here today. She sat down opposite Foreign Minister Huang Hua In Peking's Great Hall of the People and told him she hoped to beReuter - 241 words
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Article242 1977-04-08 11 AFP LONDON, Thurs. New mining developments in the Philippines will go on stream during the next few years and should put this country among the world's leading copper producers, the Metal Bulletin Monthly (MBM) writes In its March Issue. In a special article devoted to mineral exploration,AFP - 242 words
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Advertisement526 1977-04-08 11 Copperbelt Power Company Limited Zambia System Control Engineers Malaysian $32,800 p.a. plus tax free annual gratuity of 25% Vacancies exist in the Company's organisation on the Copperbelt in Zambia for System Control Engineers on two or three year contracts which may be renewed by mutual agreement. The Company operates a526 words
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Advertisement160 1977-04-08 11 B Inchcape Berhad Inchcape Trading Associates invite applications for the post of I for their Advertising Department. The selected applicant must be a Singapore citizen and preferably be of age between 30 and 40 years old. Five years' current experience in advertising and related fields is essential. The successful candidate160 words
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171 1977-04-08 12 Reuter HONGKONG, Thurs. China has convened a national conference on finance and banking at Tachlng, location of the country T s major oilfield In northeast China, the New China News Agency reported today. The agency said the conference had exposed and criticised the "revisionistReuter - 171 words
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Article121 1977-04-08 12 Reuter TOKYO,'Thurs. Japan'« Agriculture Forestry Minister, Zenko Suzuki, left here today for Moscow for discussions on deadlocked Soviet-Japan fishery negotiations. Mr. Suzuki will Join Chief Cabinet Secretary Sunao Sonoda, who flew to Moscow on Tuesday as Prime Minister Takeo Fukuda's special envoy in a bidReuter - 121 words
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719 1977-04-08 12 TSAI TAN - ■y TSAI TAN BRUSSELS, Thurs. A major study on areas where the EEC and Asean can complement one another over the next five to 10 years will begin in the next few months. This was announced yesterday at a $100 per head lunch719 words
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382 1977-04-08 12 AFP HONGKONG, Thurs. A government spokesman yesterday dispelled fears that the Moscow Narodny Bank may gain control of 607 hectares of land on Hongkong's biggest outlying island, Lantao. Speculation that the Narodny Bank might get the land followed the lodging of aAFP - 382 words
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Article751 1977-04-08 12 LONDON. Thurs. The market was mixed with the pending long Easter holiday weekend making for a contraction In trading volume, dealers said. The quarter point minimum lending rate reduction was discounted, they added. At 3 p.m., the Financial Times Index was up 1.8 at 402.3. Short-dated government bonds751 words
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Article219 1977-04-08 12 AP WASHINGTON, Thurs. US reserves of oil and natural gas dropped again in 1970, continuing the steady downward trend of recent years, two Industry trade organisations say. The American Petroleum Institute, issuing Its annual statement today, said "proved recoverable reserves'' of crude oil at the endAP - 219 words
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133 1977-04-08 12 Reuter KUALA LUMPUR, Thurs. Installation of Exxon Malaysia's first drilling platform off Trengganu Is expected to begin next month, the company said. The second of the two Japanese-built platforms scheduled for the Trengganu field will arrive In July, It said In Its house Journal.Reuter - 133 words
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Article84 1977-04-08 12 BANK of America filed a suit amounting to $321,819 at the High Court yesterday against Mr. Chong Bin Chen, trading as Seng Bee Hong. The bank alleged that the sum of money was loaned to him. Christopher furniture Design filed a suit for $122,909 against Loke Hong84 words
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Article98 1977-04-08 12 Reuter KARACHI, Thurs. A prominent opposition leader has been arrested here during continuing antl-Go-vernment agitation In Pakistan's biggest city, usually reliable sources said today. The sources said Mr. Musheer Pesh Imam was taken Into custody yesterday on a number of charges, Including making an objectionable speech againstReuter - 98 words
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787 1977-04-08 12 THE Public Utilities Board will have to continue constructing new power station to meet the Republic's growing demand for electricity. >Its chief electrical engineer, Mr. Tay Sin Yan, said yesterday that to meet the near-term demand for electricity, the board is proceeding with787 words
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Article465 1977-04-08 12 Reuter WASHINGTON, Thurs. The International Monetary Fund (IMF), said It auctioned 524,800 ounces of gold at an average price of U*****.18 (*****.98) per ounce. Accepted bids ranged from $148.55 to $151.00 per ounce. This compares to yesterday afternoon's London fixing of $148.60. The IMFReuter - 465 words
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Article, Illustration207 1977-04-08 12 SEMBAWANO Shipyard won a multi-million contract from the New Zealand Government for the general modification of one of its ferries, despite stiff International competition. At the signing ceremony at the Istana yesterday, Mr. Robert Muldoon, the New Zealand Prime Minister, said his government207 words
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472 1977-04-08 12 BANG Bang jeans has now established a firm footing in Singapore with the appointment of a sole distributor and agent here on an agreed annual Import quota worth $1 million. Until now, Singapore has been a free market and the teans have472 words
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503 1977-04-08 12 AP NEW DELHI, Thurs. India's new Government said today It will launch a broad Investigation into the "excesses, malpractices and misdeeds" or former Prime Minister Indira Gandhi's emergency rule. Home Minister Charan Singh indicated to Parliament that Mrs. Gandhi herself and her controversial sonAP - 503 words
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361 1977-04-08 12 Reuter NEW DELHI, Thurs Nonaligned countries must persist In solving their own problems rather than depend on the charity and benevolence of richer nations, Indian Prime Minister Morarjl Desal said today. "I believe firmly that self-help must precede help from others/' he said.Reuter - 361 words
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Advertisement53 1977-04-08 12 A W Now. a French restaurant that trulv flatters your taste for the finest In food, service and quiet entertainment Dine by candlelight on exquisite French fare And dance to soft music bv 7Tie Belvedere Trio. Come to The Belvedere Singapore's French restaurant par excellence. 11 Tliis month's special: Creole53 words
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