Briefs

Press, 3 July 1985, Page 33

Briefs

Woodside rights Woodside Petroleum, Ltd, plans to raise $208.3 million from shareholders through a one-for-three rights issue. The North-West Shelf natural gas project venture partner said the funds raised would be used to fund its onesixth share of the project’s liquefied natural gas phase, which was expected to receive the go-ahead soon. Waikato shares Waikato Stud, Ltd, said it has placed with Street Nominees Pty, Ltd, one million shares at 40c (Australian) and one million options at 16c (Australian). Waikato Studs announced on June 17 that it was intending to place shares to facilitate listing on the Australian stock exchanges. Property index The Commercial property price index rose 11.6 per cent in the six months to December

31, compared with the halfyear to June 30, according to figures from the Valuation Department. The industrial property index increased 10.4 per cent. The commercial property index, now at 2236, after a base of 1000 was established in June 1980, rose 24.5 per cent for the year to December 31, compared with the corresponding period last year, and the industrial property index, at 2065, rose 21 per cent in the latest year. BNZ posting The Bank of New Zealand’s (BNZ) new regional manager for the United Kingdom and Europe is Mr John Hiddleston, previously a chief manager attached to the corporate and international division of the bank’s head office in Wellington. He will take up the Lon-don-based post during July and replaced Mr Graeme Pentecost, who will return to head office to be chief manager, New Zealand branch banking.