BUREAU OF INDUSTRY
Reported Decision To Grant Licences AUSTRALIAN FIRMS A decision to permit the establish ment in New Zealand of an asbestos cement pipe and building material manufacturing industry is understood to have been made by the Bureau of Industry, recently established under the Industrial Efficiency Act. There were three applications, two of the applicants being Australian companies and one a New Zealand one. The Australian companies’ proposals were to form New Zealand subsidiaries, with a proportion of New Zealand capital. It is understood that factories were to be established at Auckland and Wellington. Licences have been granted to the two Australian companies, but the New Zealand applicant was refused one. An official of the Bureau of Industry yesterday told “The Dominion” that no official statement would be issued, the decisions of the bureau being published from time to time in the Gazette. Decisions. however, did not necessarily hinge on whether the capital was coming from New’ Zealand, but on how the industry as a whole could most efficiently be conducted.
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https://paperspast.natlib.govt.nz/newspapers/DOM19370511.2.118
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Dominion, Volume 30, Issue 192, 11 May 1937, Page 10
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172BUREAU OF INDUSTRY Dominion, Volume 30, Issue 192, 11 May 1937, Page 10
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