OIL STOCK
FLOTATION OF GOLD BONDS UNION ATLANTIC PROBLEM. DISTRIBUTION OF PRODUCTS. [By Cable — Press Asan. — Copyright.] (Received 30, 11.35 a.m.) New York, November 29. The Guarantee Trust Company lias announced the flotation of 4.000,000 10-year 4J per cent, gold bonds of the Union Atlantic Company. The statement says; “The Union Atlantic Company stock, of which will be owned 50 per cent, by the Union Oil Company of California and 50 per cent, by the Atlantic Refining Company, has hecn formed to develop the economical transportation and distribution of the products of the Union Oil and Atlantic’Refining Companies in Australia and New Zealand. The company will own all the common stock, to the i amount cf £300,000, of the Atlantic Union Oil Company, Limited, which has been incorporated in Australia and has already acquired valuable land sites for the erection of storage facilities as well as for bulk terminals at the principal ports of entry to the Australian and New Zealand markets. The proceeds of this issue will be used for an advance to the Atlantic Union Oil Company for the construction of such facilities, terminals and other purposes.—(A. and N.Z.)
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/HBTRIB19271130.2.32
Bibliographic details
Ngā taipitopito pukapuka
Hawke's Bay Tribune, Volume XVII, 30 November 1927, Page 5
Word count
Tapeke kupu
191OIL STOCK Hawke's Bay Tribune, Volume XVII, 30 November 1927, Page 5
Using this item
Te whakamahi i tēnei tūemi
NZME is the copyright owner for the Hawke's Bay Tribune. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in