British Company Shares Rise in the Wake of the Indonesian Coup

The scan: The Week v7 no1.pdf (PDF, Marxists Internet Archive, opens at this page)

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Geoff Coggan As @ commentary on the background motive for the coup in Indonesia, or the developments mentioned in the article above - indeed on the whole rationale for the East of Suez policy - the share movements reported in the December 23rd issues of Investors' Chronicle make interesting reading: "After about three yoars in the wilderness, the British plantation companies whose estates were taken over by the Indonesian authorities in 1964 are to be permitted to resume possession, This is the welcome outcome of high level negotiations which have been proceeding for some months following the ousting of the communist element in the Soekarno administration and the end of ‘confrontation'. "Following the news, the stocks of the companies concerned have been speculatively supported with rises from 3/9 to 4/9 in Anglo-Indonesian £1 units, and from 1/0 to 1/3 in London Sumatra Plantations 2 shillings shares. These prices ..... are still modest by normal standards, and it is on the cards that the market recovery will make further headway. The new situation obviously encourages holders to retain their interests with mre hope."