Economic Outlook
p. 161 · Read in the full issue
SAG in share prices mid-February sent the “Ordinaries” index on Sydney Stock Exchange back into 280’s. However, the Federal Govt.’s ouncement of the lifting of extra sales clamped on motor-cars last November cted some buying confidence into the ket. Prices recovered and the index, March 8, climbed shakily to 292.22. lother of the Government’s “shock get” measures also has been tempered e proposal to force insurance and rannuation fund Investments into the inels of Commonwealth securities, to tune of 30 per cent. A revision now is y to give insurance offices a positive Qtive of further tax concessions if willingly invest more of their present future funds with the Government, inberra this month announced its s to boost the national export drive, sessions include: Double the present tion allowance for expenditure on seas market development, from 8/- 6/- in the £, for three years from next; rebate of pay-roll tax accord to the percentage increase in export me aligned to a base figure of average rt earnings over 1958 to 1960, to ate retrospectively from last July; and • trade missions to other countries, ther with the opening up of new trade nissioner posts.
iff reshuffles in Vacuum Oil Co. Pty. have brought back to Australia two who became well-known and well in their Islands territories —Mr.
Bourke, of Fiji, and Mr. Bruce h, of New Caledonia. Both have re id to take up senior posts in Mel le.
Sydney Sales Prices
Feb. 8, '61 Mar. 7, 61 Plantations . . 13/11/2 13/is Phllp ... 86/- 91/9 is Phllp (SS) . 55/- 55/p Plantations 9/8 £79/10/- 10/5 Industries . . :shaU’s . . . rl Timber . ma Rubber akl . . . 13/- 12/9 18/6 7/9 19/9 15/6 12/6 17/9 6/8 18/6 ua 9/6 9/6 jrapau ... 4/6 4/4 boi . . . . 9/4 9/6 oik Is. Whaling . 5/6 4/11 Notes (5/-) . 5/6 5/5 Be Is. Timbers 6/6 7/tatlon Holdings . 5/2 4/8 nsland Insurance 88/- 88/jerlands . . 5/9 7/- Pac. Insurance 24/- 24/mshlps Trading . 47/- 47/6 Carpenter Hold. 30/- 31/6 tins Consolidated 5/- >r Oil . . . 7/1 5/3
Oil And Mining Shares
Fiji
July 9. '58 Feb. 8, '61 Mar. 7, '61 eror . . b5/B s5/b3/5 na . . . b40/- 543/-
Papua-New
quinea lo . . . b35/b57/6 b51/- O. Ltd bl/BVb b2/bl/9 Search . b2/6 b2/4 b2/4 of N.O, b7d s3d b2V a d I. Mines — bl25/bll5/an Apin. bBd b2/6 b2/opt. b6Vad b4d b3d ir Dev. b86/6 sl40/bl47/6 V Creek b4d biy 2 d b3Vad