GREAT COCOA COMBINE

Evening Post, Volume XCVII, Issue 131, 5 June 1919, Page 7

GREAT COCOA COMBINE

CADBURY AND FRY'S MADE ONE

-UNITED PR£BS ASSOCIATION.—COPYRIGHT.)

1 AUSTRALIAN-NEW ZEALAND CAULK ASSOCIATION.) . LONDON, 23rd May (delayed). The Cadbury and. Fry firms have combined to ' form the British Cocoa Company, with a capital of £2,102,000.

[So far back as l9tb October-last arrangements had been mado for uniting the business interests of Cadbury Bros., Ltd., and J. S. Fry and Sons, Ltd., Bristol, by the formation of a holding •company. Tire two firms then had decided to carry oil business' in their own names am' under their own management, and their identities-were'to be maintained.. The holding company; acquired all ordinary shares of Cadbury ■Bros., Ltd., and A aiid B deferred ordinary shares of J. S. Fry, Ltd., all of which were held privately. Preference shares and other securities of the two companies which were quoted on the Birmingham Stock Exchange were | in no way disturbed by this arrange- | ment. J. S. Fry and Sons was established in 1728 a.nd Cadbuxy's in 1848. I The two, firms had . always been, in | friendly relationship right up to the I time of t_i> formation of tho holding company. The Fry and Cadbury families have long bnen renowned as much for their business acumen as for their philanthropy. TVv are both well-known adherents to the Society of-Friends. Both. . too. have rrorh? srsco'al st'idies of th" j .iffer.w'iv*: c-.'.vr: of rhp'r cmnlovees. and i rire .".Tsthorii.ie:; on f!ih ph.nvp, nf social i reform. In .New Zeal.-nic! O-idhury's j have a br-snch hou?c fn Wc'lington.] ;