BIG SHIPPING SCHEME.
-— : # . A NEW HOWARD SMITE COMPANY. IV Te]«ers,®h-Frcßa Association-Copyright (Reo. January 0, 0.25 a.m.) Melbourne, January 5 . The Howard Smith Company is creating a new organisation to conduct its shipping business, by tho formation of a company named, the Australian. Steamships, Limited, registered With a nominal capital of two million <£1 shares, The now oompany takes over the Howard Smith interests at a valuation, and the purchase money, will be paid in shares of tho new company, the Howard Smith Company also taking over tho ■ whole interests of the Caledonian Colliery Oompany (which includes the Waratah West, Wallscnd West, Wallsend Extended, Aberdflre, and Aberdaro Extended Mines). , - The purchase money, it is understood, is the largest ever, recorded in connection with the transfer of British-owned property in. Australia. 1 A new company will bo registered in Sydney as tho Caledonian Collieries, Ltd., with 0 capital, of two million £1 6hares, and as in tho casoijf the new shipping company, Messrs. Howard Smith mil bo tho managing agents, , and have a .controlling interest.
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Dominion, Volume 6, Issue 1640, 6 January 1913, Page 5
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173BIG SHIPPING SCHEME. Dominion, Volume 6, Issue 1640, 6 January 1913, Page 5
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