Page 20 Advertisements Column 1

Press, Volume CIX, Issue 32287, 4 May 1970, Page 20

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j “FIRST in Insurance” ■ THE NEW ZEALAND INSURANCE COMPANY VA I LIMITED W J SLATER, WALKER SECURITIES (AUSTRALIA) LIMITED becomes AUSTIM Australian Industrial & Mining Corporation Limited A change of name. Summary of the Statement by the A closer link Chairman, abridged with Australia. from the 1969 WbHI rectors ’ Report. HL Mr. I. J. D. Murray Chairman and Managing Director, / The Directors are pleased to announce another record year for Slater, Walker Securities (Australia) Limited and one in which the company achieved a 97% increase in earnings per stock unit, a 29% increase in assets per stock unit and a 60% increase in dividend rate. The year 1969 was one of con- During the year the Company the next decade the Company siderable activity. Group net completed seven acquisitions will be able to expand at a profit was SA3.B mill, compar- and also successfully floated greater rate than previously, ed with SAI.I mill, in 1968. Mining Finance Corporation More particularly, the DirecAn important feature of the Limited. Since joining the tors forecast that, in the year was the Company’s increas- public lists in October, 1969, absence of unforeseen circuming involvement in Investment Mining Finance Corporation stances, the Company will earn Banking activities, with Beaver has been very successful in the a profit before taxation and Underwriting Corporation investment of its funds in both minority interests of not less Limited (a wholly-owned sub- listed and unlisted mining com- than SAI2 mill, in the year sidiary) acting as merchant panies. At December 31, 1969, ending December 31, 1970. bank and as a financial adviser it held investments which had to all the Companies within an excess of market value over the Australian Group, as well cost of more than 5A7.5 mill. Copies of the Annual Report aa to the outside public. The Company has now estab- may be obtained from The In keeping with this expansion lished a strong base for future Secretary, Australian Indusaa an Investment Banker, the expansion in Australia. With triad & Mining Corporation Company has taken substantial the formation of an Investment Ltd., Gold Fields House, Sydor controlling interests in a Bank, and the increasing in- ney Cove, N.S.W. Australia, number of publicly quoted in- terest in mining investment, dustrial and mining companies, the Directors consider that in ■ The change of name of the Company to AUSTRALIAN INDUSTRIAL & MINING CORPORATION LIMITED was approved by shareholders at the Extraordinary General Meeting held in Sydney on April 30,1970. .