Nepal devalues
Nepal has devalued its rupee by 14.7 per cent against all major currencies, according to a Finance Ministry statement The devaluation "set a new buying rate of 20.4 rupees against the United States dollar and a selling rate of 20.6 rupees.
Matiri well The Matiri No. 1 well near Murchison was at a depth of 696 m at 6 a.m. vesterday, Petrocorp reported. Drilling is continuing.
Blandford Lodge Blandford Lodge, Ltd, directors estimate that the 1985/86 tax paid profit for the company, which listed earlier this year, will exceed $1 million. The estimate accompanies a formal notice sent to shareholders yesterday, advising the, of an extraordinary meeting on December 18. Hong Kong Impala Pacific shares were unquoted yesterday, and Industrial Equity Pacific changed hands at SHK3O.
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Press, 3 December 1985, Page 37
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128Nepal devalues Press, 3 December 1985, Page 37
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