DAYLUBE IN VICTORIA

Press, Volume CIII, Issue 30393, 18 March 1964, Page 21

DAYLUBE IN VICTORIA

Petrol From Japan

(N.Z. Press Assn.—Copyright) MELBOURNE, March 17.

Daylube Oil Company is entering the Victorian petrol market following the arrival of its first shipment of gasoline from Japan.

Announcing this yesterday, the principal of Daylube Oil (Mr Basil W. Cocks) said that the petrol would be marketed in Victoria under its own brand name.

Mr Cocks said that the first shipment from Japan was already in the company’s bulk terminals.

Regular shipments were on order for the future. No Ties

He said that Daygas would be the only petrol being marketed in Victoria by a company without any international ties or affiliations.

The petrol itself was from an independent Japanese refinery. He added that at present the petrol would only be available at the company’s own service stations, but other service stations would soon stock the brand. Mr Cocks said that once the product had been established the company planned to build it own service stations, change its name to Boomerang Oil Company, Ltd., and seek public flotation.

Bart. Timbers Ltd. Buys Shopfitters

(N.Z. Press Association) AUCKLAND, March 17. Bartholomew Timbers, Ltd., have acquired T. S. Henry, Ltd., Hamilton joinery and shop-fitting firm, and the property on which the business is sited at Te Rapa, the chairman (Mr L. N. Ross) announced today. The undisclosed consideration is in shares and cash.

C.R.A. Dividend 15 Per Cent

(N.Z. Press Assn.—Copyright) MELBOURNE, March 17. Conzinc Riotinto of Australia, Ltd., big metal producing groups, has raised its ordinary dividend from 12 per cent to 15 per cent for the latest year to December 31 after a big increase in profits. Directors announced this from their board meeting this morning. The big improvement in earnings was after a huge jump in tax provision from £559,331 to £1,469,995, and depreciation raised from £1,447,790 to £1,672,961.

Consol. Brick Div.—Directors of Consolidated Brick and Pipe Investments, Ltd., have recommended a steady dividend of 4? per cent for the year ended March 31. Transfer books and register will be closed from April 24, to April 29, inclusive. —(P.A.)