HUGE MERGER

Evening Star, Issue 20139, 2 April 1929, Page 8

HUGE MERGER

AMERICAN CORPORATIONS Frees Association —By Telegraph—Copyright. IN liW YOKE. April 1. (Received April at I p.ni.) Tlio directors of tlio National Gily Hank and the Farmers’ Loan Trust (Company have a creed to merge the (rust business oi both banks and form a, “City Hank and Tanners’ _ J rust Company,” Avith Mr diaries Mitchell as chairman, and a capital approximately of 10,000,UOUdoI. The National City Hank and its investment subsitliarv Avill continue to function under their present names, having a capital of ]](),0U0.000dol, following a share exchange, whereby holders of shares in the Farmers’ Loon Company will receive live shares in the National City Hank for each share of the r aimers’ Loan Company. It is estimated that the total of the combined resources of the National City Hank, its subsidiary (the National City Company), and the new City Hank and Farmers’ Trust Company will bo approximately 2,100,000,000(101, the combination thus taking first rank in the United States, which was recently raptured when the Guaranty J rust and National Hank of onnneree formed a. merger valued at -HU’,000,OUOdol.—Australian I rets Association.

The weekly meeting, of Hone of Dnnecliii Lodge ; No. p ' held in the Good 'Joinpine Hall, 1 >'nces street. on TV cduosday Inst. o. • Bro. C. South presided. Cmrrespondeiice wns received I'rom J ?| -n (.unpmnu and Bro. Bradwcll. Star of Wellington Lodge, No. 32. Bro. Allpress, notified members that they could obtain books on educational work on application to Bro. Rennie, G.S.E.IV, An invitation was received irom Bride oi Waitati Lodge to attend its sale of work. Visit-, ors during the evening included; Members of Rescue No. 100, AH Nations No. 13.‘ Star of Freedom No. o. also G.C.T. Bro. Dalton.. All received a hearty welcome, and suitably replied. The meeting then adjourned to participate in the birthday celebrations ot Bro. Gore and Sister Gain. Several items were rendered by the following:— Sister Williams, sen., Bro. Herbert, Sister P. South, Sister T. Williams, pin., Bro. Gore, Sister Gain, Bro. Allpress, Sister F. Anthony, jun., Sister Sf. Ravnor. Supper was then served. The Silver Star Juvenile Temple, No. i). mot the same evening, with S..LW. Sister South, sen., in charge, a large number of children Ixiing present. One candidate was initiated. Alter the 'business the juveniles were provided with swcels by Bro. Gore on the occasion of his birthday.