Japanese link will strengthen Carter

Press, Volume CXI, Issue 32525, 8 February 1971, Page 17

Japanese link will strengthen Carter

(New Zealand Press Association) AUCKLAND, February 6. The two Japanese companies associated with Cartel - Consolidated, Ltd, in the processing of timber from the Kaingaroa State forest have formed a joint venture company called Nippon New Zealand Trading Company, Ltd.

They are Kokusaku Pulp Industries, Ltd, and the Oji Paper Company, the largest paper company in Japan. This was announced yesterday by the managing director of Carter Consolidated (Mr K. C. A. Carter). He said the object of the company, which had no direct connection with Carter Consolidated, was for importing and selling a variety of goods from New Zealand and its

No quotations Mineral Securities, Ltd, and the associated companies suspended from listing in Australia, are not listed on New Zealand exchanges. During their suspension the usual “courtesy” quotation of overseas listed companies would not be available in New Zealand exchanges’ trading rooms in respect of the suspended companies, the Stock Exchange Association of New Zealand announced yesterday.

Barnett interim Arthur Barnett, Ltd, announced yesterday that to reduce the disparity between the interim and the final dividends the directors have declared an interim dividend of 4c a share, payable March 19, ex dividend March 15. New listing Industrial Equity, Ltd, the Australian offshoot of R. A. Brierley Investments, Ltd, has been listed on New Zealand Stock Exchanges.

Tonga oil charter Tonga’s petroleum agreement with the six-member consortium Shell, British; Petroleum, Aquitaine, Ampol,‘ Gulf and Republic, was signed; yesterday by the Minister responsible for natural, resources and the manager’ of Tonga Shell, representing the participants. Geological and seismic surveys have been completed and the consortium is now awaiting results from The Hague.— (P.A.)

surrounding areas, and the export of goods, services and skills to the same areas.

“It will be building two ships for the trade back to Japan,” Mr Carter said, referring to the pulp and wood chips from the Whirinaki mill which would go through the port of Napier. Asked if the recent entry of Oji into the Whirinaki project and the formation of the new company would increase the prospects of producing paper at Whirinaki, Mr Carter said that the deciding factor in any paper production was the availability-of additional raw materials. “But Oji adds tremendous strength to our arm,” he added.

Issues, Gills Pending

Cred. Serve.—l:B cash issue of 50c shares at 125 c; ex rights Feb. 12 Thereafter 1:12 bonus Issue . Mar. 12 Beeth.— l:4 bonus issue. Ex bonus .. Mar. 2 Then 1:3 cash issue. Details later. Con. Brick.— l;B issue of 100 c shares at 275 c; ex issue .. Mar. 4 Sthn Cross.— Call of 4c on 4c pd ctg shares, payable . Apr. 15 N.C.F. Kaiapoi. 4:1 bonus issue. Details later. Rothmans.— s:7 bonus issue. Details later. Swift N.Z.— lssue of 900,000 100 c shares at 125 c.