Page 20 Advertisements Column 1

Press, Volume CVIII, Issue 31769, 28 August 1968, Page 20

■'N.Z.Pastoral Holdings Ltd: •SHARE ISSUE AT PAR : • of 1,500,000 Ordinary $1 Shares W'** jjFTy - I PROSPECTUS FROM: ' I * N.Z Pastoral Holdings Ltd. P.O. Box 1016, Auckland Z SAILINGS TO U.K. EUROPE>& U.S.A. OFF-SEASON SAILINGS SEPT. 29 ‘ELLINIS’ dep WELLINGTON calling at TAHITI, ACAPULCO, BALBOA, CRISTOBAL, NEW YORK, arriving SOUTHAMPTON October 30. OCT. 15 ‘AUSTRALIS* dep AUCKLAND calling at SUVA, ACAPULCO, BALBOA, CRISTOBAL, MIAMI, arriving SOUTHAMPTON November 11. DEC. 5 ‘ELLINIS* dep WELLINGTON calling at TAHITI, BALBOA. CRISTOBAL, NASSAU, BERMUDA, arriving ROTTERDAM January 3, BREMERHAVEN January 4 and SOUTHAMPTON January 5,1969. DEC. 31 ‘AUSTRALIS* dep AUCKLAND calling at SYDNEY. MELBOURNE, SUVA, ACAPULCO, BALBOA, COLON, MIAMI, arriving SOUTHAMPTON February 3,1969. 1969 SAILINGS Date Vessel From Feb. 10 ELLINIS WELLINGTON March 18 AUSTRALIS AUCKLAND March 20 O. FREDERICA AUCKLAND April 16 ELLINIS WELLINGTON May 27 AUSTRALIS AUCKLAND June 20 ELLINIS WELLINGTON July 29 AUSTRALIS AUCKLAND Oct 17 AUSTRALIS AUCKLAND Nw. 21 ELLINIS WELLINGTON Dec. 31 AUSTRALIS AUCKLAND FARES: OFF SEASON FROM 2370 or $333 half return ON SEASON FROM $433 or $390 half return For full Information and reservations on these sailings SEE YOUR TRAVEL AGENT or apply direct to FMHNOIISIIIS Cnr lambton Quay & Grey St, WELLINGTON P.O. Box 636 Phone 71-797

o AUSTRALIAN CONSOLIDATED INDUSTRIES LIMITED Registered Office; 550 BOURKE STREET, MELBOURNE, VICTORIA Highlights from the Address by the Chairman (Sir James Forrest) at the Annual General Meeting of Shareholders held in Melbourne on 21st August, 1968 REVIEW OF ACCOUNTS a majority Interest In the Seraphic Group of ComThe Group Net Profit for 1968, after providing Panies In Adelaide. Jhey make ceramic printed and for income taxes (increased by $250,000 as a result decorative industrial and domestic items out of of the Federal Budget), was $10,325,000 compared toughened flat glass. with $11,061,000 for the previous year. New Zealand The Company has been engaging In long-term currency devaluation reduced the result by $574,000. appraisal and planning of Group activities involving The profit for the year was earned from Australia some disposals and redeployment of resources. The $6,553,000, New Zealand $2,304,000, Malaysia/ basic approach Is greater concentration in glass and Singapore $823,000 and Thailand $645,000. other packaging and building materials. The two Shareholders Funds at the end of the year were businesses in Sydney and Brisbane have $112,059,000 in the total Of $184,476,000 of funds Shi a «^lJinn »i‘h Rrlrtn/a ft™ Com' employed. During the year, Shareholders’ Funds I h ® associationi with Chicago Bridge & Iron ComIncreased by $7OB 000 after allowing for the reduc- pa "» h F “ bean da " ed a " d J ° h "’ a " d tion of $2,658,000 arising from New Zealand F erry En 9 ,neer| og Limited, with whom the Company currpnrv Evaluation y bas some common interests, has become an equal currency devaluation. partner |n Davjd Lennox Australja pty Ltd The Investments total at the end of the year _. T „ nhn ,„ o , , was $19,505,000. Market value of Stock Exchange T <.rhli?»7 r~ 1 ‘ i »»h A «?v’ listed securities continues to be higher than cost. u“ et ° f $1 \ Shares Held in Ampol Exploration Limited increased . i ? approved by 359,000 to 1,359,000 ordinary shares. During the * e n s '2 d ‘1? R ® s ® arcb . maarndividend „„ r.e.i«d, tataWSESWtoi™!Hih “SSjl $3,451,000. Capital expenditure on up-dating and ■ ! he k ye y an< ? the Co , rnpa !?X has done all that n ® ed3 expanding production facilities was $16,577,000. ’° b ® d °„ t a *°euf™ P h y '1! h t'T ma , n,s t 0 re 9 lster 3 K agreements. Steps have been taken to ensure conSUBSIDIARY COMPANIES tinuing surveillance of practices and agreements throughout the Group. Planning and design work for facilities to manu- Th „ u . facture glass containers and corrugated fibreboard nth ß / t intß2S« a ?Zfz? a ,h« °! su ™, eys by containers at Lae has started. The operator will setting up be New Guinea Containers Pty. Ltd. Production is SL aa ?. C h U 2hi ” Au ? t . ra ,a ‘ L* t con ' intended to start late 1969 or early 1970. St. Regis l d «* ba " dl ® problenl9 wblch ma Y Paper Company, with whom the Company is asso- nrartir^h.e^™ 8 Jrn > 9°T pany pol , ic / ® nd ciated already, may join in the corrugated fibreboard h' 1 L B r , ?tw ave ma ’ lu,ac,urin 9 oart of the ooeration capacity of world standard (with some in reserve) partot the operation. .... ,0 suPP'Y a" glass container requirements at al The new glass container manufacturing plant of times. Kuala Lumpur Glass Manufacturers Company Sdn. Bhd. commenced production early in June, 1968. CAPITAL RAISING The new glass furnace at Thai Glass Manu- Plans to raise capital by means of an Issue of facturers, Bangkok, is complete and about to com- ordinary shares were announced last week. The mence production. This addition is about a 50% basis is to be one share for every five held, at a increase on capacity there already. premium of 80c per share, $1 payable 30th Novem-ACI-St. Regis (N.Z.) Ltd., which became a sub- a hLl2 d J» oC » n °L 3l ?L Se s t ? mber ’, l969 ' U ? ,0 25 ?’. 000 sidiary during the year, is now an equal shareholder 1 tO . er^P ,o y 0 ®® J 1 ® 0 at $ l -80 with N.Z. Forest Products Limited in a new company t« r ? ce ,4 d v are , t ° b .® applied to projects called Paper Coaters Limited operating in the " ls n|ion® d - to up-dating of facilities and to working specialised field of polyethelyne coated paper capital. boards. These boards have many uses including PROSPECTS FOR THE CURRENT YEAR packaging. Pfv h? n ai °H expansion at Australian Fibre Glass year, "july result# by'inP V P-^? den 2 n 9’ IS proc ®® d ibg- A direct melt dustrial troubles In the transport and fuel industries t2> Xt^m f « C tl ty m' n-2 e ' n9 Th et Up t ' t Th ? JP k ves,n ? ent w '* especially in New South Wales. While the profit for be some $4 million. The output of fibre glass will the year is still expected to be better than 1968 it be considerably more than at present Owens will not be greatly so. In making this forecast It is Coming Fiberglas Corporation, partners of the Com- believed that the effect of the drought has been pany in fibre glass, are participating actively. contained and that the Industrial and economic Australian Fibre Glass Pty. Ltd. has acquired a situation will remain much as it Is at present majority interest in Reinforced Plastics Pty. Ltd., a In New Zealand, results for the quarter are not company engaged n building large units out of fibre quite up to last year. The situation is expected to glass reinforced plastics. Examples include motor recover allowing for some caution in assessing truck bodies and cabs and insulated pantechnicons New Zealand prospects in the light of earlier bailor frozen food transport. ance O f payments and associated internal economic Working arrangements with Pilkington Brothers -problems. Limited in the flat glass operations in Australia and In Malaysia/Slngapore and Thailand, profits for New Zealand continue in their customary, satis- the first quarter are up on last year. Profits for the factory way. A.W.G. Holdings Pty. Ltd. has acquired full year are expected to be higher than 1968.