STOCK FIRMS MERGER
Approval By Shareholders Approval has been gives by 90 per cent, of shareholders of Dalgety and Company, Ltd., and the New Zealand Loan and Mercantile Agency Company, Ltd., for t merger of the two companies according to a Wellington report. The new company will be known as Dalgety and New Zealand Loan, Ltd. Its board will be made up of memben from the present two companies. Proposals for the merger were announced in a joint statement by the directors oi the two companies on September 11. The merger of Dalgety and New Zealand Loan and Mercantile involves the exchange of shares valued al some £7 million in New Zealand currency. It also combines woolbroking businesses totalling in New Zealand some 350,00 C bales—about 27 per cent, ol the bales auctioned in the 1959-60 season'. Timaru Milling. The directors of the Timaru Millimg Company, Ltd., have announced an interim dividend of 4 per cent payable on December 5 ex div. December 1 Harnish and Jordan.—An i-nterim dividend of 4 per cent, payable on December 1 and ex div. November 29 ha 1 been announced by the board of directors of Harnish and Jordan. Ltd. The companj has paid a 4 per cent, interim dividend for the last twe years.
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Press, Volume C, Issue 29679, 24 November 1961, Page 17
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211STOCK FIRMS MERGER Press, Volume C, Issue 29679, 24 November 1961, Page 17
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