STEEL INDUSTRY.

Hokitika Guardian, 14 November 1924, Page 3

STEEL INDUSTRY.

SYDNEY, November ">. The on try of Vickers Ltd., into the A listim 1 i:>ii industrial field, ns :i result of tlicir amalgamation. liy payment oi £,"0,000. with Commonwealth Steel Products. l td., a big Newcastle film will affect materially tl’O whole of the Australian .steel industry. The reorganised company will he known as ickers Cninmonwealth Steel I’roducts, I.td. The mouthpiece for Vickeis in the negotiations was Sir Keith Smith, the young Austialian airman, whose boyish looks apparently mask a sound husiness head. l!ig extensions of the reorganised puny will take place to enable it to undertake the manufacture of wheels, tyres, locomotive steel castings, and any work of a similar nature. The advent of Vickers will enable the company to develop a large industry hy virtue of its being aide to obtain ’practical, technical and expert advice from the English firm. The company will operate, as at present, at Newcastle. All that Newcastle wants now is the entry into it of Ford’s proposed motor works in Australia, and it will count itself fortunate. Newcastle from the railway line, is one of the ugliest places imaginable, hut behind its Mary Ann front is an extraordinary wealth of industry, now even a,,pater with Vickers hanging onf thensign there