The Business Times, 5 July 1978

Microfilm: NL9760
Total Pages: 16
1 16 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 218/1/78 WEDNESDAY, JULY 5, 1978 50CENTS
    10 words
  • BRIEFLY...
    • Article
      Lock icon Wholesale prices
      82 1 Reuter SINGAPORE'S wholesale price Index (base 1974) rose by 0.45 per cent to 110.4 In April compared with March and by 0.09 per cent compared with April last year, the Statistics Department revealed. The Index for manufactured goods fell by 0.56 per cent to 105.8 In April and
      Reuter  -  82 words
    • Article
      Lock icon Horrendous loss
      63 1 Reuter LONDON, Tues. The state-owned British Steel Corporation made a net loss of £443.4 million (about Ssl.9 billion) in the year ended April 1, compared with a £95 million loss the previous fiscal year. Chairman Charles Vllllers said losses on this scale are unacceptable, and there must be
      Reuter  -  63 words
    • Article
      Lock icon Losing ground fast
      89 1 Reuter LONDON, Tues. The dollar was today fast losing ground against the yen and major European currencies In active and sometimes hectic trading on the world's foreign exchange markets. In London, the US currency was only Just above the psychologically Important barrier of 200 yen to the
      Reuter  -  89 words
    • Article
      Asia's growth
      63 1 KUALA LUMPUR, Tues. Asia as a whole has experienced favourable real growth rate of 6 per cent despite the adverse Impact of the slack In industrialised countries, said the International Chamber of Commerce secretary-general. CarlHenrik Wlnqwist. Asia also managed to reduce the current account deficit from US$2.4 billion
      63 words
    • Article
      Asking the experts
      65 1 THE SINGAPORE Timber Industry Board has asked experts to examine the problems and the possible growth areas of the wood-based Industry here. The study which began a month ago is expected to be completed In five months. The board also announced that a trade mission will go
      65 words
    • Article
      Lock icon Expanding Port Klang
      53 1 Reuter KUALA LUMPUR, Tues. Malaysia plans to expand Port Klang at an estimated cost of Msloo million In the next three years, said Communications Minister Tan Sri Manlckavasagam In a pre-election speech. Projects costing $22 million are already being carried out and an additional $50 million Is
      Reuter  -  53 words
    • Article
      Lock icon UK reserves fall
      77 1 AP LONDON, Tues. Britain's gold and foreign currency reserves fell by US$ll9 million in June to $16,542 billion, the Treasury announced today. June was the fifth successive month In which the reserves declined since peaking at $20,868 billion in January. But the drop of $119 mlliion was
      AP  -  77 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      129 1 Rises Most active H K Land 510 +66 Haw Par 728.000 High ft Low 390 +44 Sime Darby 668.000 Rosy Elect 240 +28 High Low 312.000 UAC 328 +22 K L Kepong 290.000 (JOB Duniop Eat Cold Storage 340 40<J 250 14 12 12 Total Turnover: 9.52
      129 words
    • Article, Illustration
      In Kuala Lumpur
      170 1 Rises Most active Highlands and Lowland* 3 94 46 S. Darby 790,000 Minaec 4 48 .38 24 KL Kepong 515,000 Termeloh 3.30 Highlands Lowlands 412.000 Malayan 11.70 .20 Cons Plant 368.000 Chersonese O.C.B.C. U.A.C. 2.05 .15 Total Turnover: $8.00 m 9.15 3.30 +.15 .14 Total Value: MS15.06
      170 words
  • Article
    Lock icon Jakarta leader on joint arms factory
    319 1 Reuter. INDONESIA'S Coordinating Minister for Security and General Policies, General Maraden Panggadean, warned of a growing communist "threat" in South-east Asia and said that a joint IndonesianSingapore weapons factory is feasible within the framework of Asean. The former Defence Minister said in an interview
    Reuter.  -  319 words
  • Article
    Bank credit rises after April decline
    473 1  -  ASIAN MARKET AT 5228 »y SOH TIANG KENG TOTAL bank credit in Singapore and the Asian dollar market were back on the growth path in May after April's decline. Meanwhile, the' nation's foreign reserves continue to increase, reaching $9.44 billion in March. the latest
    473 words
  • Article
    Japan's Exim may be in Hitachi loan
    518 1  -  ■y RONNIE LIM THE JAPANESE Export and Import Bank with a group of other banks in Japan may provide a consortium loan for the $115 million Hitachi colour TV tube plant In Singapore. This Is one possibility considered by Hitachi, according to Singapore
    518 words
  • Article
    Blue Spanish eyes are looking East
    276 1  -  By QUEK PECK LIM Spanish bankers are looking to the East. Over the past year, monetary authorities and central bankers In the South Asian region have received a number of visitors from the most prominent banks in Madrid. Singapore has been getting its share
    276 words
  • Article
    Quiet debut for ICB shares tomorrow?
    150 1 TRADING In the shares of Industrial and Commercial Bank will- start tomorrow under the first trading section of the finance sector. The official listing of this stock comes just barely a fortnight after Singapore Bus Service shares hit the market. However, market observers feel
    150 words
  • Article
    SIA says $35m profit target within its reach
    256 1 SINGAPORE Air lines reiterated yesterday that the company remains confident of achieving its profit target of $34.6 million in its current financial year. This followed a Business Times report on Monday which implied that SIA may not be able to achieve that
    256 words
  • Article
    Stock market proves the pessimists wrong
    420 1  -  •y MANO SABNANI THE Singapore stock market yesterday continued to disprove the pessimists and the prophets of gloom with a strong spurt In prices across the board. Several brokers and analysts who had been holding a bearish shortterm view of the market were astonished
    420 words
  • Article
    Telltale signs
    112 1 THE US economy is showing signs of slowing down, according to preliminary government figures released on Monday. The Commerce Department said its economic gauge known as the index of leading indicators slipped 0.1 per cent in May. The index is regarded as a sign of what the US
    112 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      35 1 whatever you need in menswear, get it at... MOHAN'S DEPT. STORE (PTE.) LTD. 321 Orchard Road TW *****22 (next to Mandarin Hotel) Branch: 101, langNn Shopping Cantra 1M *****46 Daily 9am-9 pm SEE BACK PAGE
      35 words
    • Advertisement
      Page 1 Advertisements Column 2
      91 1 BIRKART FREIGHT NEWS INTERFLOW TANK CONTAINERS STAINLESS STEEL 20 FT ISO TANK CONTAINERS 20,000 L/ 20,000 K CAPACITY AVAILABLE FOR CARRIAGE OF LIQUID CHEMICALS, VEGETABLE MINERAL OILS, LATEX ETC. TO AND FROM SINGAPORE AND MALAYSIA TO: EUROPE AUSTRALIA JAPAN FOR RATES AND FURTHER DETAILS CONTACT: MRS JUDY TEO BIRKART SOUTHEASTASIA
      91 words
    • Advertisement
      Page 1 Advertisements Column 3
      79 1 mm. SHIPPING TIMES PLASTICS sector forget ahead 2 PEOPLE In business 2 WHAT Is lismlpah up to 2 ANOTHER FEFC hike on the horizon? 5 MARKETING in Asia/Pacific Pitfalls and opportunities 6 UOL set for strong rebound 11 BOUSTEAD Co cautious, yet optimistic U DBS takes part in USfIOO m
      79 words
    • Advertisement
      Page 1 Advertisements Column 4
      273 1 TAKDTA LITE i PpROGRESSA/E ENTERPRISE PTEUD The Olivetti Copia 405 copies anything crisply in only 4 seconds. It has built-in extras that are unique. Olivetti's beautiful compact, desk-top Copia 405 copies just about everything, three dimensional objects and bulky originals. It comes with several features that make copying easy. A
      273 words
Page thumbnail Page 2
  • TRADE AND INDUSTRY
    • Article, Illustration
      Plastics sector forges ahead
      634 2  -  ■y RAHIM KASSIM SINGAPORE'S plastics industry's total output was estimated to be some $177 million last year, an increase of 11 per cent over $159 million In 1976. The growth of multinational companies, especially that of electronics firms in Singapore, has contributed immensely to the rapid
      634 words
    • Article
      Lamipak in joint venture to bag US market
      258 2 LAMIPAK Industries, a local manufacturer of polyethelyene film bags, will set up a $4.9 million Joint venture with a Japanese investor to firoduce a new type of amlnated polyethylene film for the American market. Patent for the new product is currently under
      258 words
    • Article, Illustration
      Get into the swing, branch managers
      181 2 OVERSEA-Chineee Banking Corporation branch manager* will have to discard their traditional banking concepts and move with the time*. This call was made by its vice-chairman Yong Pun( How at a recent OCBC seminar on loan marketing at Hotel Phoenix and reported in the bank's
      181 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      257 2 MR. Joseph Lee Kum Kwi has been appointed regional manager of Fruehaul. (Far East) Pte. Ltd. He has gained extensive experience and knowledge of the industry in his previous position as service and manufacturing manager with the company. Mr. Law Hock Kee has been promoted to tour
      257 words
    • Article
      THINK-TANK GETS MORE PROJECTS
      501 2  -  •y PETER CHIA THE APPLIED Research Corporation last year carried out research projects In Brunei, Malaysia, Papua New Guinea and Japan. It expects to handle more regional .work as It becomes better known abroad. The company's success may be attributed In part to Its enthusiasm In
      501 words
    • Article, Illustration
      A Price lift for this truck!
      89 2 AUSTRALIA'S High Commissioner to Singapore, Mr. G.J. Price, tries his hand at operating a lift truck at the Australian materials handling equipment display being held at the High Commission's showroom in Napier Road. The Crown Controls truck, which can carry 1,750 kg and has
      89 words
    • Article
      Lock icon Thai labour for Hongkong move
      200 2 AFP A THAI employment agency Is studying the possibility of exporting Thai labour to Hongkong. The English dally South China Morning Post quoted the general director of the Bangkok-based agency, Mr. Vlroj Kulwongs. as saying the idea was prompted by the critical labour shortage in
      AFP  -  200 words
    • Article
      Marketing men run risk of being left behind
      383 2  -  By WANG LOOK KEAH MARKETING techniques have to keep pace with Singapore's rapid development. Mr. Richard Taylor, a British marketing consultant, was speak'ng at a three-day seminar i">r sales managers and executives organised by Consulasia recently. He said Singapore is becoming less
      383 words
    • Article
      Lock icon Murmurs against new Chinese policy
      225 2 AFP IT SEEMS China's new economic policies are meeting strong resistance In the industrial sector. A People's Dally editorial marking the publication of a central committee decision to speed up Industrial development brought up the "Ideological obstacles" the application of the decision could give rise
      AFP  -  225 words
    • Article
      MEMO PAD
      451 2 COURSES AND TALKS May 8-Aug 17: Aust Insurance Institute Assoclateshlp Course, SITC, SITC June 5-July 29: Life Agents Certificate Course, SITC, SITC July 6-13: Financial aspects of personnel mngt, Hilton, POD July 6-7: Planning budgetary control for managers, Hilton, Price Waterhouse July 7: Travel Agents' Presentation, RELC, British
      451 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      103 2 ff' a *I—'lS*/*>,+* The Moving Finger writes; and. having writ. Moves on: nor all thy Piety nor Wit Shall lure it back to cancel half a Line, Nor all thy Tears wash out a Word of it. Tout est depuis longtemps 6crit sur la Tablette; Et la Plume demeure obstinlment
      103 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      614 2 MELU CRYPTIC PUZZLE ACROSB 1 It's difficult mending tiffs 5) r-m 6 A bit of an Interval (5) 9 Stopped work and went to bed (7) 10 It's eaten with or without fruit (5) 11 Lifts back a way (5) 12 A bar's wrecked in town (5) 13 Moving home
      614 words
Page thumbnail Page 3
  • OVERSEAS
    • Article
      US Treasury pays higher interest
      824 3 MONDAY WEEKLY AUCTION THE Interest cost of the US government's short-term borrowing continued Its rapid rise on Monday In the regular weekly auction of Treasury bills, moving to the highest point since December 1974. On 91-day Treasury bills, of which US$2.3 billion (555.3 billion) were
      824 words
    • Article
      Lock icon Fed may have a governess
      504 3 Reuter. LIBERAL economist Nancy Teeters may become the first woman governor in the 65-year history of the US Federal Reserve system, but she will be no stranger to the inner workings of the Fed. White House sources say In Washington Teeters will soon be named
      Reuter.  -  504 words
    • WORLD IN BRIEF
      • Article
        Lock icon SOLO-MONS ON FRIDAY
        530 3 Agencies THE Solomon Islands, a one-time slave source for Queensland caneflelds, will become independent on Friday after 85 years of British administration. The final move to independence follows a series of negotiations between the British and the Solomons which began In the early 1970s and culminated in
        Agencies  -  530 words
    • Article
      US rates may rise
      121 3 INTEREST rates in the US have yet to reach their peak, Manufacturers Hanover Corp chairman Gabriel Hauge said. He declined to predict to what level the prime rate might rise but did not expect double-digit figures. Last Friday, major US banks raised their prime rate to
      121 words
    • Article
      Lock icon Senator calls for probe on Illinois farm ownership
      353 3 AP. US Senator Charles Percy has asked the Oeneral Accounting Office to Include Illinois In a study of foreign -owned farmland in the United States. Sen. Percy asked Comptroller Oeneral Elmer Staats to make a separate study of foreign-owned farmland In Illinois
      AP.  -  353 words
    • Article
      Lock icon Berkey Photo awarded $198m against Kodak
      384 3 UPI, Reuter BERKEY Photo Inc of the US wu awarded more than US$B6 million (Ssl9B million) as the result of Its successful antitrust action against the giant Eastman Kodak Company of Rochester, New York. Judge Marvin Frankel, who presided at the sixmonth trial In
      UPI,; Reuter  -  384 words
    • Article
      Lock icon Italy reserves help settle Bonn loan
      344 3 Reuter. THE Bank of Italy told the West German Bundesbank It has repaid the remaining US$l billion (552.3 billion) of the $2 billion gold backed loan first contracted In 1974 and renewed for two years In 1976. In a brief statement the bank said
      Reuter.  -  344 words
    • Article
      Lock icon UK retail sales buoyant
      109 3 Reuter FINAL UK retail sales figures for May confirmed the buoyant trend of previous months while consumer credit reached a record, the Trade Department reported. The retail sales Index (base- 1971) was 101.4 l.e per cent higher than lif April. Though the monthly rise was lower
      Reuter  -  109 words
    • Article
      Oil in the wrong place
      1113 3 HARDLY a year after oil started flowing from Alaska, many observers feel that the Alaskan pipeline was being built In the wrong place and thus not fulfilling its purpose of reducing US dependence on foreign oil. By allowing the flow from the line to continue
      1,113 words
    • Article
      Lock icon UK slaps ban on herring fishing
      193 3 Reuter, AFP. BRITAIN on Monday announced a ban on herring fishing off West Scotland after months of argument with European Community partners. Agriculture Minister John Silkin detailed this and other conservation measures in a parliamentary paper. British, Danish and French fisherman will be hardest
      Reuter,; AFP.  -  193 words
    • Article
      Lock icon Pakistan to spend $48b to spruce up economy
      349 3 UPI. PAKISTAN has announced a US$2l billion (5548.3 billion) five-year elan for a balanced and ktegrated development of the country. Chief economic planner Ohulam Ishaque Khan announced the plan In a nationwide radio and television address on Monday. The plan hopes to
      UPI.  -  349 words
    • Article
      Lock icon China swaps oil for Western know-how
      244 3 UPI CHINA has started selling its crude oil to the free world, Including South Korea, through major Western oil companies to receive oil drilling technology In return. The nationally-circu-lated Japanese newspaper, Malnlchl Shim bun, reported yesterday that Chinese crude is flowing Into South Korea,
      UPI  -  244 words
    • Article
      Lock icon SUPPLYING FORD
      76 3 Reuter ISHIKAWAJIMA-Harlma Heavy Industries Ltd (IHI) and its wholly-owned subsidiary Ishlkawajlma Bhlbaura Machines Co Ltd signed a Joint five-year contract to supply an undisclosed number of agricultural tractors to Ford Motor for marketing In the US and some other countries under the Ford brand name, IHI said. Export
      Reuter  -  76 words
  • Page 3 Advertisements
Page thumbnail Page 4
  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      527 4 OPENING prices yesterday were marked down slightly but steadied on speculative support and short-covering before easing off slightly. Towards the morning close prices eased again on stop-loss selling, dealers said. The morning session closed slightly lower with July One RSS buyers quoted at 225.75 cents per
      527 words
    • Article
      RAS PRICES
      319 4 Prices in cents per kilo yesterday Noon Close (per kilo) (perkUo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 227.25 228.25N 224.25 225.25N Int. 1 R.S.S. July 227.75 228.25 224.75 225.75 Int. 1 R.S.S. August 227.25 227.75 224.25 224.75 Int. 2 R.S.S. 218.25 219.25N 215.75 216.75N UK/Cont.
      319 words
    • Article
      SSR AND SMR
      90 4 NOON SSR and SMR prices yesterday: HAS July (Current Mth) Buyer* Seller* (cent* per kg) (*M Buy* (e« Auffuat Mri Mtk) r* Seller* oUperkf) SSR 20 SSR 50 (1-ton pallet) (1-ton pallet) 212.00 210.00 214.00N 212.00N 213.00 211.00 215.OON 213.OON M.R.E.L.B. SMR5CV SMR9L SMR 5 SMR 10
      90 words
    • Article
      Palm oil
      91 4 C I F. North European ports. In US dollar per ton unless otherwise stated. LONDON. Monday Pravioum Malaysia 5% rfa bulk per tonne August Sumatra 5% rfa bulk June July August September October November Nigeria 5% Ha bulk stg 623 sir 032 50 sir unq 745 sir 710
      91 words
    • Article
      Closing prices
      31 4 Rubber: July 4 Singapore: July 224.75 cenU (down 2.75 centa) Malaysia: July 228.25 cents (down three centa) Tin: M 51.705 (up $5) Official offering: 191 tonnes (down 34 tonnes)
      31 words
    • Article
      Hongkong Comex
      174 4 THE sugar market yesterday closed 0.05 to 0.10 US cents lower in continued quiet trading ahead of the US Independence Day holiday. Nine lots were traded against seven on Monday, while the Hongkong daily spot price eased 0.10 to 6.80 cents. Sugar futures closing prices: Closing Previous Closing
      174 words
    • Article
      SPOT PRICES
      187 4 YARN and cotton in Hongkong dollars, spot ex-godown Cotton Yarn: China Blue Phoenix 20s 1.720. 32s 2,170. 40s 2.240 (per bale of 400 lbs). Piece Good*: China Butterfly and Globe Brand unq. Dragon Head unq. Five Lambs unq. Flower and Butterfly unq. Flying Geese unq (per piece 36
      187 words
    • Article
      Lead
      62 4 LEAD finished the morning in London yesterday with gains of £1.5 for cash and £1 for Three Months. This metal followed the trend in copper with modest short-covering talcing Three Months up to £315.5 during kerb dealings. Ring trading was slow however at 1,200 tonnes. On Monday, lead closed
      62 words
    • Article
      Produce exchange
      400 4 TRADING on the Singapore Eroduce market continued > be quiet and dull yesterday. Prices remained unchanged. A coconut oil miller said coconut oil on the Philippines market was marked down by $10 per plcul while copra fell $5 per plcul. The local market, however, has not followed suit.
      400 words
    • Article
      Coffee
      218 4 ROBUSTA futures in London yesterday ended the opening call steadier £23 to £7 per tonne up from Monday night after initial losses of £5 to £7. Turnover was 204 lots. Values Improved in light trade and commissionhouse buying following a slightly lower opening basis New York. Dealers said the
      218 words
    • Article
      Sugar
      203 4 SUGAR futures in London yesterday morning opened £2 to £1.55 per tonne below Monday's 5 P.m. levels. Turnover totalled 656 lots. The market continued Its bear trend with no fundamental news to lend support. Prices again reached new life-of-contract lows in all positions, Aug £91.25 and Oct at £92.50.
      203 words
    • Article
      Cocoa
      150 4 TERMINAL cocoa in London yesterday opened quiet with values £1 to £5 below Monday's close. Turnover totalled 57 lot Dealers said values fluctuated lust below Monday night's levels in thin dealings. They anticipated, a quiet day in view of the Independence Day holiday in the US. On Monday, terminal
      150 words
    • Article
      Rice
      194 4 BANGKOK rice prices were quoted as follows yesterday: (In US dollars per tonne F. 0.8.. basis Bangkok) White Rice: 100 pet Ist class 437, 100 pet 2nd class 422. 100 pet 3rd 417. 5 pet 408. 10 pet 490. 15 pet 382. 20 pet 377, 25 pet 367. 35
      194 words
    • Article
      Straits tin
      286 4 THE STRAITS tin price In Penang yesterday rose M$5 per picul to $1,705, $205 above the International Tin Agreement celling. Despite the London decline on Monday, values advanced on local and US buying support with reduced tin supplies from miners, dealers said. Turnover fell to 191 tonnes from
      286 words
    • Article
      Soybean
      190 4 SOYBEAN futures in Chicago on Friday closed with losses of 15 to 17-3/4 US cents in the two Nearbys while other Months plunged 23-3/4 to 24-1/4 cents. Heavy commission-house liquidation and stop-loss selling early, partly in response to the hlgherthan~expected USDA acreage figures, drove prices to the lows, traders
      190 words
    • Article
      Wheat
      85 4 WHEAT futures in Chicago on Monday retained most of the upward momentum to close 2% to four US cents a bushel higher following initial losses of several cents. Prices fluctuated In a wide 10-cent range. Much of the support stemmed from local short covering. A commercial associate house, believed
      85 words
    • Article
      Copper
      319 4 COPPER wire bars finished the morning in London yesterday mostly unchanged from previous ring levels. The early pre-market softened under the influence of light hedge selling reflecting the strength of sterling against the US dollar but covering against some Continental physical demand steadied values during ring and kerb trading.
      319 words
    • Article
      Silver
      232 4 THE Hongkong silver market closed HK$1.20 higher at the day's high of $246.60 per 10 ounces In continued thin trading, with turnover estimated at 15,000 ounces. The market recorded its day's low in the morning session at $246.50, while the day's fixing firmed $1.50 to $246.50. The closing was
      232 words
    • Article
      Gold
      464 4 FOLLOWING Monday's New York closing level, the kilobar in Singapore yesterday opened higher at 5513,790, then immediately drifted to $13,775 and hovered around this level in a relatively quiet market, to close at $13,808. Spot gold for London delivery opened at U*****.05/35. Little activity was seen though towards closing
      464 words
    • Article
      Zinc
      83 4 ZINC rose by mostly £2.5 per tonne in London yesterday. Small-scale shortcovering, fresh and chart buying supported the market up to £317.5 for Three Months on the kerb. Ring sales were only moderate at 1,600 tonnes. On Monday, zinc ended the day £7.50 up for cash and £8 per
      83 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        524 4 THE US dollar fell close to the 200 level against the yen on the foreign exchange market yesterday. At Its lowest level, the dollar was only 50 points away at 200.50. The dollar also weakened substantially against other major currencies. Opening at 201.65/75 against the yen, the US
        524 words
      • Article
        Asian $ & CD rates
        182 4 Asian CD rates ASIAN currency deposit Interbank rates as at close on July 4: US Dollars <8poC) Offer Bid 7 days 1 mth 2 mths 3 mths 6 mths Smths 12 mths 83/16 85/16 81/2 93/16 95/16 93/8 81/16 83/16 83/8 8 7/8 91/16 93/16 91/4 8». Fr« Dm. (Middle
        182 words
      • Article
        Discount
        46 4 Source: National Discount Co Ltd. RANGE of prices offered by discount houses on July 4: Overnight 3** Call deposits 3\% CWN Bajria« MUac 3-month Treasury bills 35/16 33/16 3- month Bank bills $5/16 5 3/16 3-month CD 5 7/16 5 5/16 6-month CD 59/16 57/16
        46 words
      • Article
        MLR
        21 4 THE average rate at which Singapore banks are currently prepared to lend to their beet customers is 7 per cent.
        21 words
      • Article
        Euro $ rates
        63 4 Euro rates LONDON Eurodollar deposit trading was quiet at the outset yesterday and prices showed little change though dealers detected a softer tone among some period rates. Eurodollar deposits opening quotes yesterday: Wed/ Thurs 8-1/8, 8 Thurs/ Fri 23-1/4, 23-1/8 Seven days fix and notice 8-3/16. 8-1/16 One mth 8-5/16,
        63 words
      • Article
        London
        349 4 THE YEN yesterday rose to around 200.25/55 to the dollar in active early trading before edging back to about 200.70/ 90. A 200-to-the-dollar level, or below, is likely when the Tokyo market opens early today, dealers said. Although the yen has dragged other major currencies higher against the dollar.
        349 words
      • Article
        Tokyo
        180 4 THE US dollar for overnight delivery, yesterday closed at 201.35 yen, compared with a 202.00 opening and 203.35 at Monday's close after falling briefly to a post-war low of 201.30 yen. Later, the dollar slipped briefly to a new post-war low of 201.25 yen Just before the close, dealers
        180 words
      • Article
        Hongkong
        100 4 THE US dollar yesterday fell sharply against the yen and Continental currencies in active trading, dealers said. It ended at 200.50/70 yen, below Tokyo's 201.35 close and New York's 202.40 overnight in large volume. The dollar slipped to 2.0585/95 marks compared with 2.0630 in New York, and to 1.8690/700
        100 words
      • Article
        New York
        165 4 TRADING started fairly active on Monday but was very quiet In the afternoon ahead of yesterday's Independence Day holiday and the US dollar closed broadly lower against major currencies. Dollar weakness first showed against the yen, which closed at 0.4940 cents against the opening 0.4933 cents and the
        165 words
      • Article
        Zurich
        62 4 ZURICH exchanges closing quotes on July 3: US *****-8333 Btg 3 4209-4237 Can 1 8313-8327 D Mk 88 7427-8358 On 82 3908-4811 r FY 48 8818 8838 B rr HMB Mil d Kr n.mi awe N Kr M.MIS-M.0057 N Kr 33.M1t-M.OW7 Ut 0 2153-2155 Aus ach 12 3138-3288 Port
        62 words
      • Article
        Australia/NZ
        62 4 AUSTRALIA and New Zealand exchanges on July 4: AUSTRALIA US dollar 1.1814/ 1.1486 Sterling 0 8188/0.8119 Ninety-day airmail buying rates Sterling 0 8395 US dollar 1.1845 Ninety-day forward buying rata* Sterling 0.8202 US dollar 1.1457 SEW ZEALAND Sterling 0 5554/ 0 5523 US dollar 1.03 M/ 1 0289 Ninety-day
        62 words
  • Page 4 Advertisements
Page thumbnail Page 5
  • TRANSPORT
    • Article, Illustration
      Another FEFC hike round the corner?
      796 5  -  ■y CHAN BONG SOO SHIPPERS who are still smarting from the 12.5 per cent freight hike by the Far Eastern Freight Conference (FEFC) last July may be saddled with another increase, possibly at the end of this year. FEFC chairman Max van Lennep, in
      796 words
    • Article
      LONDON FREIGHT MARKET
      226 5 SOUTH African maize rates continued to soar, contrary to the general trend of the market. Intense demand for July shipping in that area forced the maize rae up by a further 90 cents to US$l6 (5536.80) for a 14,000 tonne shipment to tnree ports in Japan. Coal
      226 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      552 5 ARRIVALS Service Local Operator Number Time From CPA CX710 1005 HLP GIA GA980 1030 HLP THAI TG423 1035 BKK GIA GA944 1055 PKU GIA GA908 1100 MES UB UB231 1115 RON THAI TG981 1120 BKK PAL PR501 1125 MNL RBA BI325 1155 BWN GIA GA982 1200 HLP
      552 words
    • Article
      Lock icon New West Asian service by Orient
      83 5 Reuter. ORIENT Oversea* Container Line Ltd will start a new con tain era hip service to West-Asian ports starting with the July 6 sailing of the United Bounty from Hongkong. Two ships, the other the Grand Navigator will serve Kobe, Yokohama, Kaohsiung, Hongkong and
      Reuter.  -  83 words
    • Article
      Freeing tourists from red tape
      463 5 COOPERATION between airlines and tourismrelated industries Is the effective answer to cutting red tape and minimising costs for tourists. At the Joint lata and World Tourism Organisation conference in Mexico City, the director-general of lata, Mr. Knut Hammarskjold, said that red tape which wastes time
      463 words
    • Article
      FAR EAST FREIGHTS
      1252 5 TRADE is Increasing at a healthy pace in Southeast Asia. Many inefficient vessels have been laid up or scrapped. There Is a shortage presently of modern tonnage between 3,000 and 5,000 dwt. Freight rates in some trades are not realistic in relation to the present world economy.
      1,252 words
    • Article, Illustration
      SHIPS IN PORT
      407 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Andorra (after Nedlloyd Honshu) 3/4 Centaur (0830 42/43 Diamond Star (HPHA) (1100 after Johnverett) 27/28 HlJaz (after Shamaly) 6/7 Iwert (0700 25 King Dragon (0600 after Karimata Radja) 24 Ovanes Tumanyan (0700 after Bunga Setawar) 18 Perak (1300 21 West Sea Enterprise
      407 words
    • Article
      PanAm stranded
      109 5 PAN AMERICAN World Airways urgently requires a spare plane to pick up several hundrejl Dutch holldaymakers stranded in Boston after a cut-price fare experiment backfired. The passengers, mostly young people, flew to Boston from Amsterdam on a bargain US$5O (*****) PanAm single ticket last month but are now
      109 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      19 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 -f Call us fc. 'ou. local or onward reservations tT
      19 words
    • Advertisement
      Page 5 Advertisements Column 2
      220 5 Mathematics and Statistics in Penguins Statistics in Action: Peter Sprent This book is intended to interest the general reader who wants to become familiar with this subject, as well as a prelude to further study and a complement to formal elementary textbooks for those who wish to go to statistics
      220 words
Page thumbnail Page 6
  • Article
    Fallacy to raise interest rates
    507 6 RISING interest rates are not In the legitimate Interests of all concerned. Bank rates have been climbing In the United States for months and Indications are that they will continue to rise. That cannot be good for the US economy. Loan demand has not been
    507 words
  • Article
    LOOK BEFORE YOU LEAP . . .
    2134 6  - LOOK BEFORE YOU LEAP A voluminous, 202-page report on "Distribution In Asia/ Pacific's Developing Markets" was published in March 1978 by Business International Asia/ Pacific Ltd, a subsidiary of Business International Corporation in Hongkong. The report aims at informing marketing executives of the "opportunities and pitfalls, peculiarities and differences in
    2,134 words
  • Article
    ... and study Company A
    1129 6 and study Company A COMPANY A of the US manufacturer of 4,000 items of instrumentation and mining/ oil industry products. This company had conducted ad hoc business in the Asia/ Pacific region only as and when contacted by local intermediaries, or compradores, who took no personal part in the transaction,
    1,129 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      33 6 2 I ne... rk jy mmi zmeub 4 I J tuT.iwo m I Cream Sherry You don't have to pay a high price for a good Cream Sherry. Another quality product from /^SS|
      33 words
    • Advertisement
      Page 6 Advertisements Column 2
      68 6 Havelock Road S'pore 3. Tel: *****1 ion bar presents Toto SHls Klfts The Jackson 5 of Manila Don't miss the exciting sounds of Toto His Kids. This band of four brothers and a sister has the unique vocal style that made them the Jackson 5 of Manila. Toto His Kids
      68 words
    • Advertisement
      Page 6 Advertisements Column 3
      51 6 Hotel Royal RAMADA Newton Road. Singapore 11. Republic of Singapore Telephone *****1, Telex: RS-***** Cables HOTELROYAL A cosy and casual haven for all. The food Is simply delicious and the door never closes. So night birds come and make your scene at the Trishaw Coffee House. V" wtm H ISSS?
      51 words
    • Advertisement
      Page 6 Advertisements Column 4
      72 6 Siamese Seafood Regale yourself on a galaxy of palatable Thai food, done in superb style. Attractively and artistically prepared by our Thai Cnefs. and served in the romantic surroundings of the garden patio, our Siamese Seafood will be an exhilarating experience added to the pleasant company \ou bring The Siamese
      72 words
    • Advertisement
      Page 6 Advertisements Column 5
      45 6 mm Manila's foremost strottng minstrels serenade you with Spanish and Latin American hwlarh, pops. Country and Western and the* very own Fflipino songs. except Sundays at the and the fKtofl ffttf (Growid Floor) (2nd Flood Pi SINGAPORE HILTON CSJ n THt MCMTT OF KM) WOMLC
      45 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      145 6 jWEATIHERI THE southwest monsoon is active over most parts of South and South-east Asia and is likely to remain active for another six to eight days before slackening. Singapore is therefore likely to be affected by showery conditions mostly in the mornings for the next six to eight days. Gusty
      145 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      267 6 SHRWDTO SINGAPORE 5 3.00 P.M. Opening announcements followed by The Beverly Hillbillies Shorty Kellems Moves West (Repeat)' 3.30 Diary Of Events (Malay) 0 3.35 Bonanza The Reluctant American 0 4.25 Intermission 6.00 Opening announcements followed by Petticoat Junction Game Warden (Repeat) 0 6.30 News in Brief 0 6.35 Timang Tinggi
      267 words
Page thumbnail Page 7
  • Article, Illustration
    Lock icon Equality battle continues
    565 7 Those following the TV series "Shoulder to Shoulder" now playing in Singapore (Channel 5, Wednesdays, 9.45pm) will be alive to the incredible story of the British Suffragettes women still coddled in lace, petticoats and stays, who yet found the courage to face brutality in jail for the
    Reuter  -  565 words
  • Article
    Lock icon Getting out of South Africa isn't that easy
    1081 7  -  By. LESLIE MAITLAND NYT WHILE members of the American committee on Africa demonstrated on Wall Street last week, demanding that the Manufacturers Hanover Trust Co. ce%se lending money to South Africa,'a black stockbroker In Harlem was explaining that he could not survive
    NYT  -  1,081 words
  • Article
    STRAWS IN THE WIND
    441 7 OLE! Teenager Miss Marlbel Atienza stabbed two 600pound (270 kg) bulls to death at the weekend, in the first bullfight starring a female matador for more than 40 years, at Madrid's Las Ventas bull ring. Women bullfighters were banned by the Republican government In 1936, Just
    441 words
  • Article
    MNCs now in new survival test
    781 7  -  [FOBPMi P ...on oil ■y LEONARD SILK I A NEW and hazardous era i has dawned for the major international oil com- panles. Their freedom to do i business Is being eroded by r rising political and s economic nationalism. Indeed, some observers question
    781 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      37 7 /<_)<@-,\}$!'*]"&="&&,"?@%$`>{) Lunch TODAY otOKOH N T (ft) ■>' T 3 branches for your convenience: SINGAPORE OKOH Supreme House, Penang Road. Tel *****1 OKOH OF GINZA Hong Leong Bldg Raffles Quay. Tel *****81 KATSURA Orchid Inn. Dunearn Rd Tel: *****2
      37 words
    • Advertisement
      Page 7 Advertisements Column 2
      106 7 I It's the toast of the town. IMPERIAL BAR r. 1 .V, T r n t Mb# f k 4>- «t What is it about the Imperial Bar that brings them in night after night. 3 The entertaining live music? The reduced drink prices during Beat The Clock (5 to
      106 words
    • Advertisement
      Page 7 Advertisements Column 3
      77 7 HOTEL ASIA 37 Scolts Road, Singapore 9 Tel: *****8 HOTEL EQUATORIAL 429 Bukil Timah Road, Singapore 10 Tel: ***** GARDEN HOTEL 14 Balmoral Road, Singapore 10 Tel: *****44 GOODWOOD PARK HOTEL 22 Scotls Road, Singapore 9 Tel: *****1 HOTEL GRAND CENTRAL 22 Orchard/Cavenagh Roads, Singapore 9 Tel: *****4 HOLIDAY INN
      77 words
    • Advertisement
      Page 7 Advertisements Column 4
      76 7 HOTEL MALAYSIA 40 Cuscaden Road, Singapore 9 Tel: *****1 THE MANDARIN SINGAPORE 333 Orchard Road, Singapore 9 Tel: *****1 THE MARCO POLO Tanglin Circus, Singapore 10 Tel: *****1 HOTEL MERLIN SINGAPORE 7500 Beach Road, Singapore 7 Tel: *****11 MING COURT HOTEL Tanglin Road, Singapore 10 Tel: *****3 HOTEL NEGARA 15
      76 words
    • Advertisement
      Page 7 Advertisements Column 5
      79 7 c; MAn 11 ORCHID INN 214 Dunearn Road, Singapore II Tel: *****2 ORCHARD HOTEL 2 Orange Grove Road. Singapore 10 Tel: *****1 HOTEL PHOENIX SINGAPORE Orchard/Somerset Roads, Singapore 9 Tel: *****6 PENINSULA HOTEL Coleman- Street, Singapore 6 Tel: *****1 RAFFLES HOTEL 1-3 Beach Roatf. Singapore 7 Tel: *****1/***** SHANGRI-LA HOTEL
      79 words
  • Page 7 Miscellaneous
Page thumbnail Page 8
  • INTERNATIONAL STOCKS MARKETS
    • Article
      Lock icon Early gains cut
      558 8 TOKYO Source: DBS-Daiwa. THE Nikkei Dow Jones average rose to a new high yesterday morning, but closed the day with a slight loss as Investors took profits near the close. Both volume and total sales value were large. Mutual funds and foreign Investors continued to heavily buy
      Source: DBS-Daiwa.  -  558 words
    • Article
      Sydney
      400 8 THE market was disappointed when overseas investors yesterday failed to buy resource stocks following the federal government's decision to drop plans for a resources tax after stocks such as BHP and the uraniums rose sharply. BHP fell six cents to A 57.24, Queensland Mines 10 to $2.60 and Kathleen
      400 words
    • Article
      Bangkok
      135 8 JULY 04 Bahts Asia Fibre 264 -2 Bangkok Bank 377 unci Bangkok Invest. Bangkok-Metro-politan Bank Bata BerllJucker Carpet Intnl Charoong Thai Wire Dumex DusltThanl 325 -3 Faber Merlin First Trust 413 -3 Genera Finance Indo-Thal Industrial Finance Corp 2475 unch J And J Ho 440 +6 Jalaprathan Cement 292
      135 words
    • Article
      Jo'burg
      405 8 OOLD6 drifted lower In thin trade on Monday, mainly on exdlvldend consideration# and general lack of Interest. Lowes generally ranged to 49 cents, as In the case of Bast Dire! and Blyvoor at 122S and 535 respectively. kilning financial* were unchanged to lower In dull trade. Diamond share De
      405 words
    • Article
      Selected Indices
      62 8 FINANCIAL TIMES INDUSTRIALS Monday 458.1 Friday 460.8 Week Ago 453.0 DOW JONES AVERAGE INDUSTRIALS Monday 812.89 Friday 818.95 Week Ago 812.28 LONDON DOLLAR PREMIUM Monday 112V. to 113 Friday 112 to 112W H.K. HANG SENG Tuesday 584.72 Monday 587.28 Week Ago 541.04 SYDNEY INDUSTRIALS Tuesday 425.48 Monday 425.58
      62 words
    • Article
      Calm trading comes as surprise
      466 8 EUROPEAN MARKETS PARIS hares were mixed In calm trading on Monday. This came a* a surprise to some operators who expected the market to ease following President discard d'Estalng's statement last Friday that the French franc was not going to rejoin the Joint European float.
      466 words
    • Article
      Amsterdam
      225 8 JULY M Fls ABN 363 50 -0.5 Ahold 104 50 unch Akzo 28 50 -0.1 AMEV 80 70 ♦0.3 Am fas 108 50 unch Amrot Bank 75 80 unch Bergoss 54 10 ♦4.6 F>rk 82 40 -0.1 BolS 88 50 +0.5 Borsumlj 158 50 -1 Burhmann 72.00 -0 6
      225 words
    • Article
      Paris
      267 8 JULY 03 Frs CORBEILLE Alr-Uquide B S N Gervaia Danone CS F (Thomson C»f) Cle Francalse des Petroles Compagnle Financiers Compagnle Oenerale Credit Fonder De France Hachette (Llbralrle) Machines Bull Mlchelln(B) Parlbas Pechlney Clglne Kuhlmann Peugeot' Philips (NvOem Beat) PrtntempsSA Rhone-Poulence SA Royal Dutch Suez* Cle Flnan De) Thomson-Brandt
      267 words
    • Article
      Milan
      99 8 Anlc 96 -0.75 Assoc On ***** •100 Bastofi 448 -e Centrale 3690 -30 Fiat 1790 -2 Flnslder 110 25 -2 Qen Immob 72 +0.25 IF1 Prl 2188 +3 Italcementl ***** 99 Italgas 995 +3 Italsider 220 4-1 Magneti M PI soo -0.5 Mare 111 Ere 294 4-4 Mediob *****
      99 words
    • Article
      Frankfurt
      222 8 JULY 83 Dm Af f-Telf funken 77.50 -0.3 Akzo 27 70 Allz Leben 850 unch AIli Vers 477xd -10 BASF 128 00 +0.2 Bay H T Wbank 292 Bay Vbank 321 SO ♦3 5 Bayer 132 00 1 BBC 300 SO 1.5 BMW 244.SO 1.5 Cassella Chetn Verw 255
      222 words
    • Article
      Brussels
      93 8 JULY 03 Frs FORWARD MARKET Acec 319 ♦6 Arbed 2390 +5 Astur 800 -4 Brascan 4«« -5 Bru-Lamb 1510 ♦5 Canpac 558 *e Cock 436 -32 De Beers 187 unch Ebes 2255 -10 Electrobel 4540 70 Ob-Inno-Bm 2195 +5 Oev 128« -14 Hobok 2315 +30 Petro 3720 +20 Ryl
      93 words
    • Article
      Zurich
      188 8 JULY *3 Francs Actions suisses 266 unch Alusulsse Br. 1280 -10 Alusutsae Reg. 512 -2 Brown Boverl Br. 1640 unch Clba Oelgy Br U1S unch Clba Oelgy P C 840 -5 Ciba Oelgy Reg Credit Suisse Br 588 -4 2180 -5 Credit Suisse Ret 407 4-1 Elektrowatt Br 1750
      188 words
    • Article
      Closures
      19 8 THE MANILA market was closed yesterday for Friendship Day while Toronto was closed for Canada Day on Monday.
      19 words
    • Article
      Lock icon Hongkong
      404 8 Source: SHK Sec. THE market went sharply better at the opening yesterday on the back of prices In London overnight and a lack of stock on offer. The Index was probably si* points up in the first half hour. However, some heavy local profit-takers moved In to the surprise
      Source: SHK Sec.  -  404 words
    • Article
      Sharply lower
      1157 8 NEW YORK PRICES turned sharply lower on Monday as stocks limped through the slowest session since a bllssard In January forced the market to open two hours late. A weak dollar and rising Interest rates caused the downside pressure, but analysts said the weakness may have been magnified
      1,157 words
    • Article
      Lock icon Makino keeps mum
      47 8 Reuter TOKYO: Makino Milling Machine Co Ltd declined to comment on a report published in the Japanese financial dally, Nihon Kelzai Shlmbun, that it plans to make private Slacement of a 25 million wlss franc convertible bond In Switzerland in the near future. Reuter
      Reuter  -  47 words
    • Article
      Banks agree to lend Daishowa
      95 8 KKANKFURT: The Dresdner Bank and the Industrial Bank of Japan (Luxembourg) have signed an agreement to lend 20,000,000 deutsche mark to the Japanese firm Daishowa Paper. The German bank-said in a communique that the loan, repayable in five years, would carry interest of 5.5 per
      95 words
    • Article
      Lock icon Tokyu raises 30m marks
      49 8 BONDS &LOANS Reuter FRANKFURT: Tokyu Car Corp, part of the Tokyu group of Japan, Is raising 30 million marks through a private placement. The placement is being organised by Berliner Handels und Frankfurter Bank and Dalwa Europe NV, but sources declined to give further details.
      Reuter  -  49 words
    • Article
      Lock icon Ricoh coupon
      91 8 Reuter FRANKFURT: The Ricoh Co Ltd's 70 million mark convertible bond issue is expected to carry a coupon of 3vi per cent, payable jseml-' annually, ana is issued at a" par. A spokesman for lead, manager Commerzbank Ag said the 30 million mark straight eurobond wllV probably be
      Reuter  -  91 words
    • Article
      Lock icon Convertible for Sanyo
      53 8 Reuter FRANKFURT: The Sanyo Electric Co Ltd's 150 million mark 10-year convertible bond was priced at par with a 3.50 per cent coupon. Joint lead manager Deutsche Bank AG said the bonds will be convertible from Nov 1. 1978 at a pride' of 2.95 marks per 50-yen
      Reuter  -  53 words
    • Article
      CHICAGO BOARD OPTIONS
      996 8 July 3 VOLUME on the Chicago Board Options Exchange eased I to 47,444 contracts on Monday from 52,179 last Friday. OPTIONS JLY OCT JAN 8TOCK Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel AUR AUR AUR Avon Avon-P Avon Avon-P Avon Avon-P Avon Avon-P Bank Am
      996 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      115 8 n r vV f .J V j \«r;.v *'-feM 4 T-sP ->%■ i i v Kannath Lo, the wall-known ChkiM cookarv writer, tntroducoa tho rNdw to the ttthnkMMM* Chlneae cooking, and gtveo an unique way of oatlng. Beginning with aknpla onedtoh main Oouraee, ho proaraaaM through pooulor aoupo to doaOerta.
      115 words
Page thumbnail Page 9
  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Nippon unit transfers control
      132 9 AP NIPPON Electric Company's Brazilian subsidiary, Neco do Brasll said that in principle, it will turn Over its majority control to Brazilian investors. Stock in Neco do Brasil is worth US$l5B million, the cjotfrpany said. Neco do Brasil president Tadashi Suzuki said that the subsidiary, which
      AP  -  132 words
    • Article
      Lock icon Tata ups payout on higher profit expectation
      591 9 ASIAN FT. AN INCREASE In dividend* from 10 to 11 per cent, is announced by Tata Iron and Steel Company (Tisco) of India despite a dip In pretax profits for the year to March, 1978. Tisco, a blue chip and one of the
      FT.  -  591 words
    • Article
      Lock icon Matsushita sees higher profit
      268 9 Reuter, UPI. OSAKA: Matsushita Electric Industrial Co Ltd expects record non-conso-lidated after-tax profit of 54.00 billion yen for the 1978 business year ending Nov 20, compared with 48.61 billion last year, on record sales of 1.55 trillion, compared with 1.43 trillion. A spokesman said the company
      Reuter,; UPI.  -  268 words
    • Article
      Lock icon KOKAN SETBACK
      230 9 Reuter. TOKYO: Kokan KK. Japan's second largest steel maker, reported a sharp 52.3 per cent drop in Its after-tax profits on a sales decline of 2.8 per cent during the 1977 financial year that ended March 31. Net profit came to 5,207 million yen and gross sales worked
      Reuter.  -  230 words
    • Article
      Lock icon Weeks Petroleum finds gas off Texas
      153 9 Reuter. MELBOURNE: Weeks petroleum Ltd said recent drilling offshore Texas in the US has resulted In several gas discoveries An exploratory well on Galveston block A-157, 100 km offshore, tested gas at a restricted 0.21 million cubic metre a day, with small amounts of
      Reuter.  -  153 words
    • Article
      Lock icon Hokkaido Colliery loses steam
      107 9 UPI TOKYO: Financially troubled Hokkaido Colliery and Steamship Co. said it will divest itself of its coal mining Interests and concentrate on marketing and the shipping business. The company said the plan was approved at the general meeting of Its shareholders last Tuesday. The company, based
      UPI  -  107 words
    • Article
      Lock icon ERS CUTS COPPER PRICE
      98 9 Reuter. MELBOURNE: The Electrolytic Refining and Smelting Co of Australia Ltd said It will cut Its exworks Port Kembla refinery copper price to A 51.140 per tonne ($1,160) effective since Tuesday. In TOKYO, the Mitsubishi Metal Corp also lowered its domestic selling price of silver to
      Reuter.  -  98 words
    • Article
      Midway fall sends Chubb 4pc lower
      587 9 r EUROPEAN k j FOLLOWING a small rise at midway, profits of Chubb and Son, the security systems group, declined from €8.97 million to £8.12 million in the second six months, leaving the total for the year to March 31, 1978, 4 per cent
      587 words
    • Article
      Lock icon Citroen may raise dividend
      79 9 Reuter. PARIS: PSA PeugeotCitroen could pay a higher dividend for l§7B than the 17.25 francs approved for last year. Managing board chairman Jean-Paul Parayre said this would result from the expected Improvement in earnings this year. Last year, portfolio revenues were 114.2 million francs. The managing
      Reuter.  -  79 words
    • Article
      Lock icon Statsfoeretag redder still
      365 9 FT. THE companies controlled by Statsfoeretag. the Swedish state holding company, made a consolidated pre-tax loss of SKr 335 mlflion during the first four months of this year on a combined turnover of SKr 2.9 billion. The management expects 1978 as a whole to produce a loss
      FT.  -  365 words
    • Article
      Lock icon Something's cooking at Jenn-Air
      338 9 Reuter JENN-AIR CORP., a manufacturer of high-priced residential cooking equipment, has a new product that Is capturing the Imagination of Wall Street. Jenn-Alr Is known mostly for bringing barbecue cooklng Indoors, making pseudo-cookouts possible, for example, on Christmas Day In Maine. Jenn-Alr ranges have exhaust fans
      Reuter  -  338 words
    • Article
      Lock icon Cyanamid hit by wet weather
      236 9 FT. MAINLY BECAUSE of lower earnings from fertilisers and pesticides, American Cyanamid's second quarter net income is expected to be about level with a year earlier, despite a 15 per cent Increase In sales. So forecasts Mr. James Affleck, chairman. Last year's second quarter net
      FT.  -  236 words
    • Article
      Lock icon Marine Midland branch closures
      171 9 Reuter. MARINE Midland Banks Inc said it completed closing 16 of its 316 branches in New York State. The bank said in the 1977 fourth quarter, that the closures plus extraordinary gains from the sale of its New York headquarters at 250 Park Avenue and of
      Reuter.  -  171 words
    • Article
      Lock icon Swedish Match makes modest gains only
      328 9 FT SWEDISH MATCH made very modest pre-tax earnings of Kr 5 million in the first four months of 1978 during which It raised turnover by 19 'per cent to Kr 1.68 billion. In the corresponding period of 1977, the group reported a zero result.
      FT  -  328 words
    • Article
      Lock icon Krupp sells more with EEC aid
      220 9 Reuter BOCHUM: Production of steel rose by 11 per cent In the first five months of this year, compared with the similar period last year, Robert Mlntrop. chairman of Fried Krupp Huettenwerke AO, (FKH) said. He said that his firm had noted some positive
      Reuter  -  220 words
    • Article
      Lock icon Heinz keeps up with growth
      351 9 r i N.AMERICAN b FT. H.J. HEINZ, the international food company has maintained Its strong growth record of the past few years with a 15 per cent Increase in fourth quarter earnings and an 18.3 per cent rise in net profits for the 1977-78 fiscal
      FT.  -  351 words
    • Article
      Lock icon EASTERN OPTIMISTIC
      94 9 Reuter EASTERN Air Lines Inc expects record profits this year and hopes to Introduce a continuous and modest dividend programme on common stock at the end of the year. Chairman Frank Borman told analysts that the company last paid a cash dlvl- dend of 12-Vi cents a share
      Reuter  -  94 words
    • Article
      Chemical Bank brings in computer
      363 9 CHEMICAL Bank has announced the Introduction of a new system to execute foreign exchange transactions through a computer terminal. The new system, called FXT or foreign exchange transactions, was brought out by the worldwide financial services unit of the bank. FXT was designed as a
      363 words
    • Article
      Lock icon Chessie faces bugbears
      197 9 Reuter CHESSIE System, a holding company for the Chesapeake and Ohio Railroad, reported sharply lower profits for the second quarter and a US$29 million loss for the first-half of this year. For the quarter ended June 30, the company's profits declined to $37.6 million, or $1.91 a
      Reuter  -  197 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      173 9 ONEfiOOD PUBLICATION THAT'S worth a thousand watts If you're into hi-fi, you'll certainly enjoy reading The Craft of Sound a Handbook of Hi-Fi Hints, filled with interesting and essential features for all hi-fi enthusiasts to improve his listening pleasures, t Wouldn't it be worth your while to make a mere
      173 words
Page thumbnail Page 10
  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1632 10 BID and offer prtCM officially UaUd and budneaa in and reported to the Stock Exchange of Singapore yesterday with the number of *mrw traded shown in bracket* In lou of 1,000 wilt* unleea otherwiae ipeclfM. All Time Settlement Contract* are quoted after the word "sett". Bit Board deal
      1,632 words
    • Article
      Government and corporate bonds
      121 10 S 1/4% 15/16/79 250,000) (101.458) 4 3/4% If/9/80 250,000) (100 508) (2) 100.45 (2) 100.40 5% IV4/81 (250.000) (100.658 100.758) (2) 100.65 5 1/4% T F IV7/80-83 (250,000) (103 008) S S/4% T F 1VV8144 (250,000) (102 758) 7% IV4/8S (250.000) (100.908 101.058) 7 1/4% 16/4/86
      121 words
    • Article
      Stock options
      40 10 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday with the number of options traded shown in brackets. a c uS! d c<3 «•»>
      40 words
  • Article
    SHARE INFORMATION SERVICE
    2502 10 1978 High Low Company Last Sale +OC- Dhr Dhr C'rr Gr'» YTd Not P/E Vel ('660) Day High Low SECTION ONE INDUSTRIALS 217 227 172 260 83 245 268 210* 478 450 132 123* 112 195* SOW 162 173* 140* 256 394 Acma Aleom Allied Choc Bata
    2,502 words
  • Article
    Unit trusts
    155 10 SINGAPORE UNIT TVU8T INCOME BOND UNIT INuim prim for Jul y t) (Cml pa ■fan) The Commerce 2.12 2 25 INCOME BOND 1.07 1.12 The 8avln» Fund 1.32 1.40 8'pore Pro* Fund 105 1.11 MARA BUMIPUTRA FUND S pore Security Fund 1.97 8 pore Invest Fund 128 2
    155 words
  • Article
    In Kuala Lumpur
    1652 10 BID and offer 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. M OUST RIALS Aama (2.178) XD. <2.508 2.008). «■<&». ?~<S,•?»""" <" a«*
    1,652 words
  • Article, Illustration
    Rubbers take the lead
    786 10 THE robber section started •ad lad a rally acroM the board oo the Stock Exchange of Singapore yesterday. Highland* and Lowland* waa the day'a favourite robber ooonter as h rose without pause am a rumour that the company would soon be announcing bonus issue of two
    786 words
  • Article
    KLSE finishes very steady
    673 10 FAIRLY strong afternoon support buoyed prices to a very steady close at the Kuala Lumpur Stock Market yesterday. Moderate trading prevailed. Plantation stocks in particular, after a brief correction on Monday, saw a re-emergence of bullish interest which sent selected counters soaring to fresh levels. These
    673 words
Page thumbnail Page 11
  • COMPANY NEWS
    • Article, Illustration
      Bousteadco expects to turn in better results
      1063 11 —BOUSTEADCO Singapore -has adopted a cautiously optimistic stance about its J prospects for the current year. < In the latest annual report, chairman Mr Alan Charton stated that "under I existing trading conditions and in some of the areas in which we operate,
      1,063 words
    • Article, Illustration
      Heady gains in jubilant June
      1070 11  -  MONTH n nr* THAT WAS By PETER CHIA JUNE was the month of the bulls. After Iving low In the se- cond half of May and the opening week last month, JTt he bulls suddenly Stampeded the Stock Exchange of Singapore and carried their charge
      1,070 words
    • Article
      DIVIDENDS ANNOUNCED
      514 11 Current payment Ex Date Book* cloee Date payable Total for tbeyear Total for previous year H. GilftUan S'pore Merlin Esto (Pref.) Es*o (Ord.) UOL Chin Teck Batu Hawaii Duff Dev. PMRI Nat Iron Loan M. Feed mi 11* Acma CCM Metal Box Bbd D Keramat KekSeng Dutch Baby
      514 words
    • Article
      COMPANY MEETINGS
      120 11 Wilkinson Process Rubber Co. Bhd: AGM to be held at 70. Jalan Ampang, Kuala Lumpur, at 2.30 p.m. on July 18. Metal Box Singapore Ltd: AGM to be held at MacDonald House. 3rd Floor, Orchard Road. Singapore at 10.30 a.m. on July 18. Bukit Sembawang Estates Ltd: AGM
      120 words
    • Article
      GENTING
      49 11 THE Stock Exchange of Singapore said Genting Highland Hotel Bhd, which changed its name to Genting Bhd, will now be traded and quoted under its new name. The Exchange also said it reassigned the company to the industrial sector of the first trading section from the hotel sector.
      49 words
    • Article, Illustration
      UOL looks to a recovery
      1005 11  -  By ARTHUR NG APART from the Imminent hefty development Income that will be reaped by subsidiary Hotel Merlin Singapore, group profits at United Overseas Land appear likely to be boosted by another subsidiary in the not too distant future wholly-owned Mount Echo Park. Mount Echo
      1,005 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      79 11 JUNE Total Turnover and Values At The Stock Exchange of Singapore Industrials: Finance: Hotels: Properties: Debentures, loans and bonds: Oil Palms: Tins: Rubbers: Turnover Value '000 86,005 179,643 Most Active Stocks Sime Darby Holdings Haw Par Brothers Intl'l Faber Merlin Pahang Cons Pan Electric United Overseas Bank Consolidated Plantations United
      79 words
    • Advertisement
      Page 11 Advertisements Column 2
      522 11 \grtll FROM fltt* GwUwMiim f ■gfefra*// Politics and Government in Malaysia j 1 Pol't' os a °d Government in Malaysia is concerned with the substantial political /changes that took place in Malaysia after Independence in 1957 and especially J j during the last ten years. Among these are the May
      522 words
Page thumbnail Page 12
  • Article
    LDCs decry shabby treatment by West
    681 12 DEVELOPING countries complained that they were betng treated on a take-It or leaVe-lt basis by the Industrial powers at the Geneva yorld trade liberalisation talks (also known as the Tokyo Round). The poorer nations Charged that: key negotiating documents were being drafted Without consultation
    681 words
  • Article, Illustration
    Lock icon Ushiba gets ready
    198 12 UPI v JAPANESE External Economic Affair* Minister Nobuhiko Ushiba leaves for Geneva later this week to attend the ministerial conference of the Tokyo Round of Multinational Trade Negotiations, the government said yesterday. Following the meeting with his US and European counterparts, Mr. Ushiba will join Prime Minister
    UPI  -  198 words
  • Article
    DBS will take part in US$100m Eurodollar bond
    249 12 THE Development Bank of Singapore and a few other Singapore underwriters will take part in a US$lOO millipn (Ss23o million) Eurodollar bond to be floated by Midland International Financial Service* (MIFS) next week. The 15-year bond, to be iuued at par, ia
    249 words
  • Article
    Singapore is not over-regulated—Lee
    1234 12  -  ■y GOH ENG KEE PRIME Minister Lee Kuan Yew has said that, as financial centres, Hongkong and Singapore are in many respects complementary and that, in fact, Hongkong has, in a way, showed up the areas where the Republic is not as efficient as It should
    1,234 words
  • Article
    How 360,000 Ben shares were sold
    536 12 A DISTRICT <3ourt was told yesterday how 360,000 Ben and Co shares were sold between Jan 13 and Feb 3, 1976 and the proceeds used to cover the accounts of an Investment holding company of which former Ben chairman, Go pal Chandra Kar Choudhury
    536 words
  • Article
    Lock icon BOLDER UK MOVE TO CURB IMPORTS
    241 12 Reuter. BRITISH, ministers and trade union leaders have agreed on a draft document on economic policy which calls for ".a bolder approach to limit the degree of Import penetration In British Industries." A Joint Labour Party and TUC statement following a meeting of their
    Reuter.  -  241 words
  • Article, Illustration
    Pressure on dollar nears boiling point
    925 12 THE US dollar may fall below the 200-yen level soon because pressure for yen appreciation remains strong and the Bank of Japan has so far shown little inclination to defend the dollar with massive intervention, banking sources in Tokyo said. The dollar has been
    925 words
  • Article
    PUB'S record spending
    590 12  -  By SIVA ARASU THE PUBLIC Utilities Board Invested a record sum of $402.1 million on developing Singapore's electricity, water and gas production and distribution facilities last year. The amount raised the board's total assets to $2 billion. The board's trading surplus also went up by 30.8 per
    590 words
  • Article
    LONDON STOCKS
    729 12 LONDON. Tues. Prices closed lower on lack of Interest, dealers said. At 3.00 pm the Financial Times Index was down 5.3 at 452 8 Government bonds were up to 5/16 point lower on continued concern over the weakness of the dollar, they added. Industrial leaders fell by as
    729 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      42 12 in. littsr rii Aladdin was a His magic lam He rubbed aga The table disai He had no wa To-day there a To cater to ou But magic me; To anything y Exist just op ORIGINAL L >er Mansion; laDore 9. 3:
      42 words
    • Advertisement
      Page 12 Advertisements Column 2
      123 12 For a Successful BANKING Career I LIT PTA tRA MA SCRI NEI study with Wblsey Hall for the Institute of Bankers CONVERSION COURSE Successful candidates of the Conversion Course will gain direct entry to the Institute of Bankers Part II or Stage II examinations leading to the Banking Diploma (AIB).
      123 words
Page thumbnail Page 13
  • Article
    SHIPPING TIMES
    3858 13 SCHEDULE A guide to ships loading at Singapore for Ports around the World The following Hat tabulate*, by port of damnation the nam* of the ship, the shipping lint involved, and the sstimattd dates of arrival and departure, from Singapore port. t CoAMrtiimi SeanDntch hu a Joint Mr
    3,858 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      279 13 MAERSK LINE Fortnightly Direct Express Service Europe/Straits f or further details c all M Singapore *****46 Kuala Lumpur: ***** Port Kelan>;: Penan*;: ***** 1 SHIPPING J EVERGREEN LINE (FVERGREEN MARINE CORPORATION, 73 m a v. C F SHARP b CO (Ml PTE LTD IRAQI LINE IRAQI STATE ENTERPRISE EOR MARITIME
      279 words
    • Advertisement
      Page 13 Advertisements Column 2
      371 13 u SHARJAH SHIPPING CO LTD HJNIUO ARAB fMrtA'ES i"J V p SHS«)«M SHIPPING S PTE UO ORIENTAL SHIPPING CORPORATION "rth Floo' Hhenj Hoe Blflj (UAIA LUMPUR Tfi ?06§">" 34 Plihp S! S 30r« 1 ISLAND CARGO HANDLING ML 912 133 9 i? 44? 91?A30 PfNANG TEi blOSb Ml FAR EAST
      371 words
    • Advertisement
      Page 13 Advertisements Column 3
      419 13 5D Seatrain Lines Inc (USA) Trans Pacific Service Full Contafoar Sanrica to USA rcEoam rw «vasci %n AWJKL 11/7 nn M OM U «HF l/C 17/7 VI VI M/l 17/1 a/7 ivi i7/i h/i a/i Full Contain* Sorvica from USA MOTHER ¥SL E/C GULF OM Ul faMiMbr V( U/l IVI
      419 words
    • Advertisement
      Page 13 Advertisements Column 4
      17 13 SEAJ j LAND LZ. i ACCEPTING LTL DUBAI BANDAR ABBAS FORTNIGHTLY TO MIDDLE EAST BOOKING TIL: *****22
      17 words
Page thumbnail Page 14
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      722 14 SHIPPING FULL* CONTAINERISED TO EUROPE EXPORTS S par* PKtiMf H'burf I'knwldM It Him B#y Kumni Htm Icmwr Eipms T o*ry« Bay Bcfuiar C»«fM M Mr af Edmt»r(h «/7 m jo// 1/8 2/8 5/8 •o v'l nn 30/7 i s 14/7 16'7 5 8 7/8 8/8 10'8 21/7 23/7 12/8 14
      722 words
    • Advertisement
      Page 14 Advertisements Column 2
      846 14 Ith SANKYO LINE AUSTRALIA SERVICE P.Kotong Singapore Loading fer: AR 7/« July STO, ME I PKotang THREE STAR DIAMOND STAR (lit Call) 7/J)«ljr (2nd Call) 12/14 Inly YUEMAN 11/19 July ADtl MEL. SYD 15/1« July FREM. AOEL MEL, SYD 20/21 July DAKW'N. BRIS SYD. MEL BANGLADESH SERVICE MAYwi'P 11/19 JULY
      846 words
    • Advertisement
      Page 14 Advertisements Column 3
      691 14 SEA tLAND U.S.A./ ASIA SERVICE 0«Y REFRIGERATED CONTAINER SERVICE SAILING EVERT MEDNESDAY FOR Wl USA CANADA CARIBBEAN. MfU. KOREA. TAHMM HONG ROM. THAILAND MID PHUIPfINES SEI/VOYAGE C.F S Closes Arrives/Departs 5 00PM PONCE V 328 July 11/12 Ju#y 10 WORLD HON V 4 *,u/u <-,» PONCE V 329 July 25/26
      691 words
    • Advertisement
      Page 14 Advertisements Column 4
      929 14 Everett Lines/ ll* Burim Fit* Star Shipping Corpn. "BURMESE NATIONAL LINE" LOADING FOR RANGOON r B.F.S.S.C. Agents Malaysia TEPS MALAYSIA Port Kelanj Tel <38) 7355 Penong Tel. *****/ ***** Componio ArpontiiM Do j N»»o§oc»on Intorcontinontoi S. A. C.I. F. \f+9, "ARGENTINE NATIONAL LINE" LOADING FOR DURBAN CAPETOWN BUENOS AIRES m
      929 words
    • Advertisement
      Page 14 Advertisements Column 5
      470 14 I \KDIM I \II Xt Orient Overseas CwlcMteA. Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) 23/7 25/7 29/7 31/7 7/1 9/1 14/1 IC/I 23/1 2S/I HWrt r<M 27/7 29/7 31/7 2/1 4/1 6/1 U/l 13/1 IS/I 21/1 22/1 27/1 29/1 31/1 2/» 4/1 c 8/B 18/9 13/9 15/9 17/9
      470 words
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      1252 15 TT QCL Overseas Containers Limited H'barf Brem. R'dun Havre S'ton p. Kenng S'po-e Nirt Putt: toll fa»»« SliM SliM SiiM SUM Saiki 4 Ml KS. HK. M|l hr laiM Siilil fliM SliM Si M I Jil II la! HK, KS. BaaaMr Silted SIIIH SailH !l :l 13 Jal IS Kl
      1,252 words
    • Advertisement
      Page 15 Advertisements Column 2
      1216 15 Ben Ocean Ajomt sennceafßen line, BkieFlMinelQenUne and NSI4O TV M/CMTIMITT (fta Saez) sinsapore t straits shippiho m. *n. cmti. rtU'LA LUMPI'R BEN LINE STEAMERS 2*171/*****. FORT KELANG BEH UM STEAMERS «11. PENAIt: I PS» SNIPPINt U7Ol. (Sakject ta i—mwiit) H i AMERICAN PWSIKNT LINES STRAITS EXPRESS CONTAINER SERVICE Leading lar
      1,216 words
    • Advertisement
      Page 15 Advertisements Column 3
      1156 15 BEN LINE CONTAINERS LIMITED NBUK SHAWN I'MM HAVRE SOTOH Singnori P. blmi Cir»a»|/*«t"a Bwkiui limc* All UK. m Sca«mn» KOWIOON BAY I tatf )«I 3» Ml lAn lAn $An IB W» KURAMA MAIU I* tall I 17 tall 21 Jail IB 111} lAn 2 A*t BREMEN EXPRESS »Ml 11 «>•»
      1,156 words
    • Advertisement
      Page 15 Advertisements Column 4
      1138 15 Scan Dutch V EXPRESS CONTAINER SERVICE VIA SUEZ WESTBOUND TO MED/UK/ CONTINENT/ SCANDINAVIA FkCo hom P. kelaitf Vessel (gore li Mseillet 2) R4am X Hkurg 4) Gbu J FRANCESCA Sa.lH AJ<«ISAI I. 21/1 20/ 1 Ml 1 M/ I ELEAMHA 1/ 1 JUTLAND IA 11/1 It 1 V S/ I
      1,138 words
    • Advertisement
      Page 15 Advertisements Column 5
      602 15 GUTHRIE BOUSTEAD THE BANK LINE LTD LBABS FN t ft I. AFRICA TAYBANK (Mauritius. Reunion, Ztm lut, Durban, 1.L., P.E., Cipfo«n) Kuantan 18/2S M P. Ke an 11K M Spore M/ 71 M fim east t strrii viiu rat iuwh. wmu OLIVEBANX Pcnanf P. Kelanf S'pore B/21 M EXPRESS SERVICE
      602 words
Page thumbnail Page 16
  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      843 16 ffr~ Kline KAWASAKI KISEN KAISHA. LTD (VU SK2] ky CMtaiMr Vismls to nmon S'oore P. Kelang l.Hiwe H'buri Bremen R'dam A'wer; NIL 11* to Ptot I 27 My 20 toly 29 11 Mvm COtAL l« 11 My 12 toly 31 My •weptbue pearl iiw aMy «My m ha* 12 "a*
      843 words
    • Advertisement
      Page 16 Advertisements Column 2
      929 16 "VISNVA UHEH" "VISMVA TAIANC" "VISNVA CNETANA" "VISPVA lINDU" "VISNVA MONINI" Bris. Syd, Me ID. A del Bus, Syd, Welti. Mel. Fre. Mel. Melt. Syd LOAOINB FOO Bombay Chittifong, Calcutta 1/ fMy 18/12 17/1B Jaly a/a S Aaf 1/ B ta( »/11 S.rproif P. Kelanf feat H/a Mr ii/a ieiy a/M
      929 words
    • Advertisement
      Page 16 Advertisements Column 3
      786 16 NEPTUNE ORIENT UNES LTD 'FULLY CONTAINERISED SERVICES: n EBMPC (VIA SKO* S'pore P.Kelani Shamptoii H burj ft fNEVALIEI PAIL li Part IMy 21 My 27 My 21 NEPTME CMALt 11 My 12 My 21 My 2 ta( NEPTME PEAK 21 My 21 My 7 Aa| 11 A* 12 CMEVAIIEI Ita
      786 words
    • Advertisement
      Page 16 Advertisements Column 4
      630 16 MALAYSIAN INTERNATIONAL SHIPPING CORPORATION KRHAD EXPRESS TO/FROM VIST Mi FULLY CONTAINERISED SERVICE MED/UK/CONTINENT/SCANDINAVIA '«<•' "P »eia«t «n»i "MCHtI SatM UNIIM CIMMMA 8/ I IVTUMIA VMMKI 11/ (UtMU m T l MIFT FRANC ESC A m 7 lIUMII tiumn m a Mmm 11/ ,M lh» tmft «8 Mr: Mm l. 4)
      630 words
    • Advertisement
      Page 16 Advertisements Column 5
      700 16 t INTROSEO (PTE) ITO. V RECIIAI IMEPENBENT SOM/FIU C*TiWO SERVICE Tl [I Sum* P. MIMC Hmt l—M_ tor it* umn Mil i ton mm lam mm««/mm< UNCI* MINMV mi imi uM *Mi MwgMmfimm. anierme wit (e«tr. iM) i *m MUSM MIS lair MM| MM* Mlar|. IMMi/laalMMa •Utmm lt/1 tor Mfar
      700 words