Economic Outlo[?]

Disappointment was widely exj: in industry and business that I Treasurer Holt’s Budget, anir in August, called for £llB million, and included no taxation concessions to individuals or companies, and rr sion or other benefits to the man street.

The Government will spend a £2,092 million, an increase of £lt. lion over 1961-62.

The “stay-put” Budget will do to restore confidence and promote sion for a nation just recovering the impact of the 1961 slump. Thr ernment’s policy, apparently, is 6 by the fear of creating a boom at unknown possibilities ahead for Ar. if Britain enters the Common Ms

Sydney Sales Prices

July 23 Aug?

Ball Plantations . . 3/10 Burns Philp ... 104/- Burns Philp (SS) . 48/6 Choiseul Plntn. . . 210/- ;

C.S.R. Co

56/6* Dylup Plantations . 5/9 Fiji Industries . . . 15/6 Hackshall’s ... 16/1 Kauri Timber , . . 9/9 Kerema Rubber . . 4/11 Koitakl Rubber . . 12/10 Lolorua Rubber . . 8/- Makurapau Plntn. . 2/4 Mariboi Rubber . . 5/9 Norfolk Is. Whaling . 1/2 Pacific Is. Timbers . 3/- Palgrave 3/4 Plantation Holdings . 2/4 Queensland Insurance 127/6 Rubberlands ... 4/- Sandy Creek ... 9d Sangara 3/- Sogeri Rubber . . . 6/9 Sthn. Pac. Insurance 25/- Steamships Trading 12/11 W. R. Carpenter Hold 34/6 Watkins Consolidated 4/5 ♦ £20 shares now split into £1

Oil And Mining Shares

Dec. 4, ’58 July 23, ’62

Emperor . . b9/-

b5/- W Loloma . . b30/s51/6 SB Bulolo G.D. b32/s66/w N.G.G. Ltd. b2/3 bl/8y 2 w Oil Search . b9/9 b2/8 W Ent. of N.G. slid s6d tl Pac. I. Mines — bl/6 bf Papuan Apin. b4/6 b3/10 W Placer Dev. b91/bl70/- W Timor Oil . n.q. sl/8 H