BIG CASH DEAL.
MORE THAN £200,000 INVOLVED. (Per Press Association.) "WELLINGTON, May 31. Negotiations have been concluded for the purchase by a group ol Now Zealand business men of a controlling interest in J. C. Williamson, Ltd. The whole undertaking will in iuturo operate as an investment company. Tlie New Zealand buyers include Mr J. R. McKenzie, who has consented to act as chairman of tlie new hoard of directors, which comprises, besides Mr MacKenzie, Sir Robert Rest (Melbourne), John Tait (Melbourne), Frank Tait (Melbourne) ; E. J. Tait (Sydney) and K. W. Asprey (Sydney). The purchase price of the controlling interest which lias been acquired from Sir George Tallis, of Melbourne and Mr A. W. Allen, of Sydney, is in excess of £200,000, and the transaction probably represents one of the largest cash purchases of its type in recent years. Tlie purchase was brought about through a firm of Wellington brokers.
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Bibliographic details
Ashburton Guardian, Volume 58, Issue 196, 1 June 1938, Page 3
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151BIG CASH DEAL. Ashburton Guardian, Volume 58, Issue 196, 1 June 1938, Page 3
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