LISTING IN AUSTRALIA

Press, Volume CIV, Issue 30943, 27 December 1965, Page 11

LISTING IN AUSTRALIA

Fees Rise Up To 300 p.c.

(N.Z. Press Assn.—Copyright) SYDNEY, Dec. 24.

The Australian Associated Stock Exchanges have increased their company-listing fees by between 80 per cent for small companies and more than 300 per cent for the largest The increases will apply from January 1. In spite of the increases, the proportionate cost of listing on other than the “home” exchange has been reduced, “to encourage a wider national listing on the part of companies generally.”

“Home” Fees

The new charges will vary from £25 to £125 annually for the “home” exchange. Previously the charges ranged from £l5 15s to £47 ss.

Listing fees will range from £lO to £25 for each other exchange, compared with £5 5s for each other exchange previously. The largest Australian companies, with listed securities exceeding £lO million, and listed on all six stock exchanges, will now be charged a maximum of £230 annually. Previously the maximum annual charge was £73 10s. A company with listed securities of £1 million listed on all exchanges will now pay £125, compared with £57 15s. Smaller companies, with less than £500,000 listed, will have their fees lifted from £42 to £75.

Kauri Trades Profitably (N.Z. Press. Assn.—Copyright) MELBOURNE, Dec. 24. Kauri Holdings, Ltd., big timber group, traded profitably in the first three months of the current financial year, although sales were about 6 per cent lower than previously. The retiring chairman (Sir Alexander Fitzgerald) said this to shareholders at the annual meeting. He said there was always danger in forecasting results for the whole year at this early stage. “The immediate figure is uncertain,” he said. “It will depend greatly upon the possibility of a reversion to saner competition within the industry and on the possible revival of house and flat building which may be stimulated by release of credit for this purpose.”

Property Sale.—The agents who sold Warden’s Chambers, 162 Cashel street, recently, were Messrs W. J. Knight and V. W. Boatwood, of F. Williamson and Company, Ltd.