A NEW COMBINE.
COAL AND SHIPPING. By Cable—Press Association—Copyright. Received January 6, 12.25 a.m. Melbourne, January 5. - The Howard Smith Company are creating a new organisation to conduct their shipping business, and are forming a company named the Steamships Company, Lifted. It is to be registered with a nominal capital of £2,000,000, in £1 shares, and will take over the Howard Smiths' interests at valuation. The purchase money is to be paid in shares of the new company. Howard Smiths are al&o taking over the whole of the interests of the Caledonian Colliery Company, which includes the Waratah West, Wallsend West, Wallsend Extended, Aberdare, and the Aberdare Extended mines. The purchase money, it is understood, is the largest ever recorded in connection with the transfer of British-owned property in Australia. The new company will be registered in Sydney as the Caledonian Collieries, Ltd., with a capital of two million in £1 shares, as in the case of the shipping company. Howard Smiths will be managing "agents .and have a controlling interest.
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Taranaki Daily News, Volume LV, Issue 194, 6 January 1913, Page 5
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171A NEW COMBINE. Taranaki Daily News, Volume LV, Issue 194, 6 January 1913, Page 5
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