Commercial news in brief

Press, Volume CXIII, Issue 33235, 26 May 1973, Page 10

Commercial news in brief

Consol. Press int.

Consolidated Press Holdings, Ltd, Australian news media owner, has declared a steady interim dividend of 28 per cent for the half year to June 30, payable on June 29. Murumba tests ore Murumba Oil, N.L., has said that geological and other technical investigations had confirmed earlier indications of a possible ore body of scheelite in the company’s exploration areas on King Island. The company said, in the quarterly report to March

31, that geo-chemical analysis of 35 samples from 28 holes drilled by the company had shown tungsten and molybdenum anomalies. Bounty survey Bounty Oil, Ltd, said in the quarterly report to March 31, that the inshore seismic survey conducted by the Farminee Company, Canadian Superior Oil, Ltd, in Turkey, has been completed. Interpretation of the seismic date by Canadian Superior was under way. The company is still awaiting notification from the New Zealand Government regarding the company’s application for new oil exploration licences. The report noted that the amendment to the New Zealand Petroleum Act has not yet been passed, and therefore no new licences are being granted. Feltex acquisition Feltex New Zealand, Ltd, has acquired lan Steele, Ltd, a small Auckland manufacturer of woven carpets, and operations are to be integrated with those of Feltex. The consideration is in Feltex shares.—(P.A.)

Nickel find

Union Miniere’s subsidiary, Unimin, in association with Laporte Mining (Aust.) Pty, Ltd, and the Imperial Chemical Industries Aust., Ltd, subsidary, Minimp Pty, Ltd, which signed an agreement in 1972 with Anaconda Aust., Inc., and Conzinc Rio Tinto of Australia Pty, Ltd, to work some Widgiemooltha claims, have reported a nickel sulphide find in the area. Bing 11. capital Bing Harris and Company, Ltd’s issued capital is now $2,500,000 in 50c ordinary shares, all of the same class and fully paid, the directors said.