National sales

Press, 5 March 1988, Page 26

National sales

Symposium The Golden bate University school of ) law in San Francisco is offering a threeweek symposium this summer designed especially for attorneys, executives and entrepreneurs in | Pacific rim countries concerned with establishing and operating businesses in the United States. The symposium “Legal and regulatory’ aspects of doing business in U.S." will be held from July 11 until July 29 at the university’s! main campus in downtown Siin Francisco.

Petersville fall Petersville Sjleigh, the food group, said heavy capital investment and quiet retail demand contributed to a 3.6% drop in net profit to sAustl4.sM (ISNZIS.BM) in the six months to December 31. Sales rose 8% to 5439.7 M. A steady interim dividend of 8c (16%) a share has been recommended, Australian debt Australia’s |gross foreign debt rose to sAustl 11.57 billion (SNZI2I.E) billion) at the end of the December quarter from sAustlOB.s7 billion (SNZIIB.S billion) in the September quarter, the Bureau of Statistics reports. The preliminary December quarter figure compared with a $100.70 billion gross foreign debt at the end of the December, 1986, quarter.

Store for;sale Palmerston [ North’s PDC department store business is up for sale. The store owner, the Consumers’ Co-operative Society (Manawatu), Ltd, went into voluntary receivership a month ago because of high debts and the prospect of not being able to continue paying its bills. The receiver, Mr Rod McKenzie, said the business would be; sold. He said the society had assets of nearly S34M. j Happy Valley-1 The Happy ! Valley-1 well, 20km west of, Clifden, Western Southland, was drilling ahead at 6 a.m. 'yesterday. The well was 'at 2233 metres. Target depth is 3300 m. Bankers visit Prominent members of the international ' banking community will be in Auckland next week tolatterid the 1988 general meeting of the Asia Pacific Bankers Club. Among those expected to be in attendance are the President of the Warburg Group, Lord Roll of Ipsden, the Chairman of the Bank of Tokyo. Mr Yasuka Kashiwagi and the Chairman of ! the Hong Kong and Shanghai Banking Corporation Mr Willie Purves. Lord Roll is scheduled to address the conference on the world economy after the crash while Mr Kashiwagi will speak on the future of banking and {finance.

Defective TNT, Ltd's, Part A State-I . ment for its SI7OM takeover offer for Cumberland Credit Corp has been ruled deffec-; five by the Victorian Supremej Court. Mr Justice Beach said the document is defective because it fails to inform Cumberland shareholders of TNT’s intentions if the bid is successful.

Fund falls , The managed investment; portfolio in National Mutual’s i EFG superannuation fund fell i 7.9 per cent in 1987 j— its! first negative annual return in nearly 20 years of operat-. ing. National Mutual’s general' manager, Steve Somogyi,! blaimed the world Share-! market collapse, for the fall. He said the speed and [extent! of the fall was unexpected.; restricting options open; to the, fund's managers to minimise its effects.

Chase buy-out ! ■ The Supreme Court Of Hong Kong has approved the scheme of arrangement; dated January 15, which will enable Chase' Corporation to acquire full ownership bf Chasia Property and Invest; ment, Chase Corporation has said.

Charter board

Charter Corporation says that C. D. Castle and J. !E. Hatchwell have resigned las directors of Charter.

Aden . . . 16 10000 18* 10000 +1 Advantage 4’ 7000 0 Allegra . . 40* 22000 0 American 135* 500 -1 opt 1* 433000 0 - 2 500 — Angora . . 15’ ' 1000 0 Anzon. . . 3" i 3000 -1 Ararimu . 40 380000 — 41 1000 — . 1 45’ 145000 +5 Areco. . . 22000 + 1 Argquest . 42’ 6000 -3 Asiapac. . 20’ 4000 0 Aurora , . 180* 2000 + 10 Austres. . 30’ 30000 0 Awinvest. 18’ 5000 0 Bancorp . 100’ 2000 0 Banknz. . 113 2300 — 114 46000 115* 68000 j-9 Barclavsnz 24 4000 - 25’ 40000 +1 Bavcorp . 100’ 113300 0 opt 310* 4000 + 10 Blandford 20 10000 — 23’ 4000 41 Bnzfin. . . 130’ 15000 0 Brierlev . 128 281100 - 129 57500 130’ 203800 +3 131 39400 132 152500 133 18000 Capcorp . 14 7000 - 15 14000 43 Capvest. . 50 8000 -3 opt 4 10000 — 5 12000 -1 Capmarket 98 6000 99 6800 — 103 22000 104 500 _ •

Cartholt . 118 37500 ■ - 119 1000 — 120 18400 — 127 1900 — 130* 121400 + 14 132 14500 — opt 16 1000 — ■ 18* 10500 +6 Cashcorp. 10* .7000 0 Ceramcp. 220 1000 — 225 117000 — 228* 19000 + 10 230 11000 — Cerespac. 40* 4500 0 pref.... 752000 —5 Chase. . . 69 15000 — 70’ 672900 + 3 71 76100 - 72 210200 — opt 13 85000 — 14 107000 — 15* 4000 +3 Citreal . . 28* 3000 + 3 Commsec 70 7500 — ■ 75* 6000 + 15 Como... 6* 135000 + 1 Corpvest . 125’ 13600 0 128 500 — opt. .... 45* 500 0 Crowe. . . 15’ 2000 0 Crown . . 20* 4000 0 Ctrywide . 127 19000 - 128* 14000 + 1 130 3000 0 Cue .... 9* 4000 - Donaghy . 90* 1700 0 Environ . 20* 500 —8 Equi'ti. . . 99 ’ 1600 - 100* 326400 +1 101 61600 — 102 2000 - prefs . . . 43* 6000 0 44 1000 — Euronat . - 25* 43000 0 Europac . 275* 2000 +5 Fandp. . . 325 2300 — 330* 11200 + 10 Feltex. . . 235 10000 - 238 j 2900 - 240 12000 -J

....... 242 7500 245 5000 246 1500 248 500 250 252 1500 1500 25® 500 256 1000 258 . 20000 259* 1000 +24 Fletch. . . 427 5000 428 10000 429 100700 430 334400 431 42700 432 66200 433* 71000 +8 434 3000 - Genestock ?♦ 8000 -1 Goldcorp. 20* 77500 0 Goodfield 255 500 — 258* 4100 +3 260 84400 - 262 1000 - Grocorp . 25* 2000 0 Halglass . 45* 5000 + 7 Holdcorp. 28* 1000 0 Hotel . . . 15* 2000 0 Icinz . . . 200* 3700 + 10 lep .... 152 9600 - 153 4500 — 154 3200 — 155* 174000 +5 156 5100 — 157 25700 - Indepnews 375* 51500 +5 Invesco. . 2* 10000 + 1 Jarden . . 65* 2100 0 Judgecorp 9’ 60000 + 1 Kaurex. 5* 679 0 Kupegroup 28* 11000 0 30 9800 — Landmark 29 700 — 32* 2000 0 opt 12* 1500 +2 Laser . . . 24 6700 — 25’ 2000 0 27 2000 - Ldnathan. 525 1100 - 530 700 -

535* 540 15000 500 + 10' Leygro . . 118* 400 0 Levland . 45* 1500 0 Lion. . . 545 1800 — 550 5100 + 15 Londonpac 10* 3000 0 Madison . 14* 3000 0 Magnum . 390* 3200 - 395’ 300 + 13 new .... 375* 900 + 10 380 800 — Mainzeal. 77 3000 - 80* 10000 +3 Metlife . . 75* 3000 +3 Minres . . 61* 4000 Motholds. 15* 2000 0 Natpacorp 30* 1700 0 Nzeq . . . 115* 1700 0 118 1500 •— bopt.... 5* 29000 +2 Nzfp. . . . 305 3500 - 306* 10300 0 308 23500 1Nzi .... 150* 75400 151 13000 L 152 1600 - Nzog . . . 58’ 1000 0 Nzrefin. . 150* 400 0 160 2500 Nzsalmon 35* 1000 + 5 Oilfields . 24’ 9000 + 1 opt 6’ 12000 0 Omnicorp 45’ 22500 0 46 57000 i — opt 8* IM 0 Owens . . 36* 10300 +1 Pacasset . 42’ 1000 0 Pacerker. 730 400 — 735’ 1400 + 10 740 300 — Petrocorp 161 5000 ! - 162’ 59300 -4-9 163 18000 ■ - 165 9.8M - Primewest 3’ 105000 0 Prodigal . 3’ 10000 0 Progent. . 345* 1700 i+5 Prorada . 22’ 3000 0 Rada . . . 5’ IM 0 Raora. . . 75* 500 0

Regalsal 45* 6000 0 Renouf. 33 9000 — 34 3000 — ; 35* 144300 +1 36 9000 Rjones . 86 27000 91 3000 92 3100 93 103700' 94 20900 95 23700 96 30600 97 10800 98 92600 1 99* 76900 +11 i 100 63600 Salsmith 95* 4000 + 5. Sigma. 8* 110000 + L opt. . . 2* 24000 0 Skeggs 55’ 2000 -3 Smithmkt 78 2000 ■ 80* 2100 0 Southpet 17 46000 + 2' 18* 7000 opt. . . I 2500 212000 0 Steeltub 90* 4000 -5 Stmartins. 28* 2000 +2 Strath. 9* 13000 + 1 Summit 15* 12000 —3 Tag . . 50* 2000 +5 Tozerkem 178 12000 -i ISO* 1600 +5 Transpac. 20* 16000 0 Triumph . 3* 10000 +1 Ubix. ., 200* 2500 0 Unigroup. 59 2000 - 60* 61500 0 61 15000 pref. . 115* 900 0 Venture 8* 3000 0 Welgas 450* 300 0 Welleslev. 52 40100 — 53 15000 - 54 30000 55* 10000 +3 Wilhortn . 485* 31000 +5 Wilneil 52 700000 - 54* 154200 -1 55 48200 Xscorp 165* 200 5