Can You Help?

This website is in imminent danger of being shut down. It has been online since 1995, but the personal circumstances of the owner, Malcolm Farnsworth, are such that economies have to be made. Server costs and suchlike have become prohibitive. At the urging of people online, I have agreed to see if Patreon provides a solution. More information is available at the Patreon website. If you are able to contribute even $1.00/month to keep the site running, please click the Patreon button below.


Become a Patron!


Government Rejects SPC Ardmona’s Bid For $25 Million Rescue

The Federal government has rejected a bid by SPC Ardmona for a $25 million rescue package.

The decision was announced at a press conference this afternoon by Prime Minister Tony Abbott and Industry Minister Ian Macfarlane.

Abbott

SPC Ardmona is owned by Coca-Cola Amatil. It was seeking $25 million from the federal government and $25 million from the Victorian government. It was prepared to contribute $90 million to the rescue package.

Abbott said it was important that SPC Ardmona has the support of its parent company, one of the most profitable companies. “This is a business which well and truly has the resources to ensure SPC Ardmona is in a position to restructure,” Abbott said. [Read more…]