AIRCRAFT BUILDING

Evening Post, Issue 86, 8 October 1936, Page 12

AIRCRAFT BUILDING

A BIG COMBINE

CAPITAL AND SITE

Commonwealth Aircraft, Ltd., has been registered in Melbourne with an initial capital of £600,000. Subscribers are as follows: — £ Broken Hill Proprietary 240,000 Broken Hill Associated Smelters ". :.. 200,000 Imperial Chemical Industries 100,000 General Motors-Holdens ...... 60,000 £600,000 The objects of the new company include erection of an aircraft factory in Australia and a tentative site near Melbourne, on the River Yarra, has been selected; but this asp-act cannot definitely be settled until tne company knows whether the site will be available for the establishment of an aerodrome. Discussions on the proposal to establish a modern airport at Fisherman's Bend are to be held between the State Premier (Mr. Dunstan) and a Commonwealth Minister on the basis of the Federal offer of £100,000 for an area of 365 acres at the Bend. Mr. Dunstan values the site at between £400,000 and £500,000. The new company favours a site at Fisherman's Bend for its factory, but its final decision on the matter is to some extent bound up with the outcome of the negotiations between the two Governments. The new company will undertake the manufacture of the more complicated types,o£ certain aircraft soon after it commences operations. It expects to be producing aeroplanes within twelve months.