AUSTRALIAN NEWS
CANBERRA’S COST. (Australian Press Association) CANBERRA, February 7. Australia’s total liability ifor tb establishment of the Federal eapit; at Canberra up to June, 1028. amount ed to i'S,IBB.O-1:1. The Federal eapi tjil commission lias cost, to date LIIoO.OOO, including expenditure on tb Canberra hotels and boarding bouses OIL SHARES. (Received this day at 8 a.in.) SYDNEY. February 8. Oil shares on Sydney exchange.— Blenheim opened at £6 10s, receded t £(5 Os Gd, and recovered to L’G os whereat they closed. Taranaki sales: 7s Ikl, Gs lid, Gs 9d. AN AMALGAMATION. SYDNEY. February 8. The directors of Dunlop Rubber Company of Australia Ltd. and Perdriau Rubber Company Ltd. announce they have adopted an agreement for the amalgamation of their companies. The future name of the company, which also recently absorbed the .Barnetr (Bass Rubber Company will be DunlopPedriau Rubber Company of Austra-
lasia, Ltd. AMALGAMATION TERMS. SYDNEY. February 8. Tlie basis of the Dunlop-Pedriau amalgamation provides that Perdrian ordinary shareholders receive approximately 117 Dunlop ordinary, and 22 Dunlop ten per cent preference shares, for every hundred slum's now held. Perdrian preference shareholders will be offered cash or an option over their preference shares in the amalgamated concern. The three big rubber companies will continue to carry on separately.
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Hokitika Guardian, 8 February 1929, Page 6
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210AUSTRALIAN NEWS Hokitika Guardian, 8 February 1929, Page 6
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