REMAKING RUBBER

Evening Post, Volume CIII, Issue 124, 29 May 1922, Page 2

REMAKING RUBBER

THE BIG INVENTION

AN AUSTRALIAN REPOET.

(BNITM HUM ASSOCIATION.—COPYIU«»T.)

MELBOURNE, 27th May.

j A Melbourne man has invented and 'perfected a new process for the manufacture of rubKer of such importance that negotiations for its sale have so far realised £2,000,000. The essence of the process is the cheapening of the cost of making rubber and the utilisation of old tires and all kinds of discarded | rubber to make ne*.', •'-,..■ The invention is not""Vithout its i tragedy. The- inventor, William. Stocks, [ did not live- to reap the reward of his success. He died some time ago from heart failure > after having started a factory in. New Zealand. Small companies were started in Melbourne and New Zealand to handle the invention, but later agents were sent to England and America to exploit it. Eventually they met Dr. Woodavd, president of several rubbei1 companies in America, and their object was accomplished. ~ : The Melbourifte company .and the New Zealand option party receive in. equal shares 10,000,000 dollars, made up of 1,500,000 dollars cash and 2,300,000 do!-, lars in shares in the American company, and also 1,000,000 dollars cash a/id 5,200,----000 dollars in shares^in subsequent companies to be formed Jin other countries. In addition Australian agents'are in'virtual control of the' American - company until the whole world's righte are disposed of. The inventor's share of .the revenue received to date from the patents amounts to £20,000. (, : His sop, who is a son of his first marriage, does not inherit a penny iof the fortune. Under a simple will ib passes into the hands of Mrs. Stocks, who is living in'New Zealand. ; ' "'-'

[All the facts mentioned in the cable message appeared in, articles published in The Evening Post of the 12th and 17th AprO.] - '.■;•.