LITHGOW IRON WORKS.

Dominion, Volume 1, Issue 74, 20 December 1907, Page 7

LITHGOW IRON WORKS.

AN ARRANGEMENT. at TSnEGBAPn—PItESS 'ASSOClATlON—coptbighx. ' ' >, v ,:' Sydney, December 19. The' Premier,(Mr;. Wade), spoakirigMn the' House, announced, that tho Lithgow iron works would -be .in full working order early in the: Now Year. 'Tho firm of C. and Z. Hoskins will take -Sir.' .Sandford's place, atid will bo fiossessed of sufficient capital and enterprise to make the industry an. assured success. Provision of a very liberal character is boing*. made'for Mr. Sandford,' who thoroughly appreciates the arrangements made. ■' . ■ , ; ....... " SOME OF THE TERMS.' . .' 1 (Rec. Deo. 19, 10.5 p.m.) Sydney, Decomber 19. Mr. Hoskins, in addition to . taking Mr. Sandford's place at the Bank,, pays Mr. Sandford £10,000 cash and gives him promissory ■ notes for £40,000 negotiable immediately. Mr. Hoskins also pays off Mr. Sandford's creditors to tho extent of £26,000. Mr. William Sandford has received unlimited praise for his •. pioneer work in the huge undertaking which has now got beyond his powers of .private flnahco. According to' an Australian contemporary, he came to Australia in 1883 as tho representative of Cohn, Lysaght, Limited, and was present whou the first plant for making wire-netting was started in Australia. On his own behalf, he started at the Eslcbank works (Lithgow), the first, mill for making sheet-iron, and galvanising and corrugating the same. Ho also introduced into Australia' tho first Siemen's open hearth steel furnace. Messrs. Q. and C. Hoskins, according to the same paper, have boon using Lithgow pigiron for cast-iron pipes for water-convoyance purposes. ■ .