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MAINGUARD'3 INTERESTS

Maincuard (Australia) Ltd. ex- ocets tills years' operations to shan improvement, Mr. J. E. Cassidy, chairman, said al thc annual meel- ine in Sydney yesterday.

Profits fell sharply in the last financial year.

Mr. Cassidy said the company should benefit from a number of Its projects this year.

These were:

. Charles Chauvel Productions Ltd., which produced "Jedda," the Irst full-lensth Australian color film.

. Gippsland Industries Ltd.. In vhioh it ls a lane shareholder.

. Festival Records Ltd.. which i.ยป operating very profitably.

Mr. Cassidy said some of Maln TUard's other-main projects were:

. Solar Salt Ltd.. a brick salt oroducer. with leases covering 20.000 acres near Port Augusta.

. Concrete Developments Ltd., which has contracts with the Queensland Housing Commission.

. Engineering and Electrical In- dustries Ltd.. whose year to June 30, 1955. was prolltable.

. Territory Rice Ltd., Northern Territory rice growers, which a wealthy American group finances. Malnguard has an interest in the

-nnrnnnv.

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