IMPORTANT COMBINATION.
MANUFACTURERS OF FARM IMPLEMENTS. By Tolograph—Press Association. Christchurch, last night. A schemo of amalgamation between manufacturers of farm implements has been formally approved. The new company will bo ready to begin operations as soon as necessary. Valuations have been rnado and legal formalities completed. The paid-up capital subscribed by the parties to tho agreement will be in the neighborhood of £200,000. Tho businesses immediately concerned are those of Reid and Gray, Dunedin ; P. and D. Duncan, Ltd.; Booth. Macdonald and Co., Ltd., and Andrews Boaven, Christchurch, and the company will be open to deal with any othor firms or companies desiring to join tho amalgamation. The object of tho amalgamation is to effect economics in tho purohaso of raw materials and tho manufacture and distribution of farm implements and general machinery now handled by tho various constituent concerns. Several factories will bo conducted on much tho same lines as ut present, but there will bo a gradual reorganisation of staffs and a specialisation of departments, tho wholo boing managed from a central oflieo in Christchurch.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/GIST19030217.2.33
Bibliographic details
Gisborne Times, Volume IX, Issue 828, 17 February 1903, Page 3
Word Count
177IMPORTANT COMBINATION. Gisborne Times, Volume IX, Issue 828, 17 February 1903, Page 3
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in