LIQUIDITY “SOUND”
Slater W. sets new objectives ' (N Z P.A--Reuter—Copyright) SYDNEY, May 1. •the liquidity of Slater talker Australia, Ltd, remains sound, the chairman (Mr R. C. Tarling) says in the annual report. The further development of the company’s significant overseas profit centres in 1972 will be particularly advantageous in the immediate fqture. when the recently introduced foreign take-over legislation will have a restricting effect on some of the company’s activities within Australia, he says. The company’s asset-base increased substantially, reflecting, in the main, the increasing emphasis on the financial and investment activities both in Australia’ and internationally.
This change of emphasis is particularly relevant in the context of the foreign takeover legislation which will inhibit any rapid expansion Of activities by acquisitions within Australia, Mr Tarling says.
the directors intend to accelerate the change of emphasis to investment banking and other financial activities both in Australia and overseas, while at the same time existing industrial property finance and mining activities will continue to be developed. I
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Press, Volume CXIII, Issue 33215, 3 May 1973, Page 19
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167LIQUIDITY “SOUND” Press, Volume CXIII, Issue 33215, 3 May 1973, Page 19
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