BEEF COMBINE

Grey River Argus, 24 January 1934, Page 6

BEEF COMBINE

THE BIGGEST YET In Australian Trade VESTEY’S GRIP EXTENDED. (Aus. & N.Z. Cable Assn.) (Received January 23 <it 10.25 p.m ) MELBOURNE. January 2.”,. .\!<>rp than four:cen millions sterling ' i' capital will be involved in an alii a iic(> that is being made between \\'. Arglirs and < l inpany ami th? British crimp-any of W. W’.*• I«1 <•! 1 ami Company, Ltd. The alliance was announced today. BeLind this mergvr; there is an agic meu'r by Weddell’s. Lid., which coin) any is one of th? Vestry Group, to distribute and control the marketing in Great Britain of lhe mea.‘ produced bv Angliss’ s company in all <>l‘ the States ot 1 Australia, by the forma--ti'in of a chain from the Australian fa i m to ‘he Brit i.-'li housewife. Mr G. W. Edwards, the Australian Manag u- for Weddell ‘s Lid. inter viewed to-day, said that a guarantee would be given that the marku'ing of A list ra l:a ii ch illed beef would b,- look- I ed after pr; p’urly lie fell sure that this merger would meiui ’that much more Australian chilled men/ would be 1 xportud and would be efliriently distiilmt.'d in Britain, with a consequent increase jn Britain’s meat imports from foreign rontries. ?<o early re-opening, however. of Y’.'/ev's huge meat works at Fort Darwin, in the north of Australia, is cont emphi'ted. Vestey’s Coy. control 37.(150 square m.ile> of country in the north *if Australia. Mr W. Angliss. who is ; t Victorian M.said ilh.at he had conducted the negotiations wi:h Sir Edmund Vestey wireless telephone, and that :;s soon as the negotiations wore t-om-pleL-d. \\\ ddell’s l/d., would practi-e;-.llv -ilis-el, ’he Australian company. Mr Angliss intends to leave for London in March t" try to increase the volume of the imports of Aus'traliaa produces into Britain. Il ( > will al o visit tiie <'• nliiient I" improve the ma rkei ing arra iigemenl s 1 here. Selling-Out Price ANGLISS'S GET MILLION AND HALF. (Aus. N.Z. Cable Assn.) 'IL ■<-ived Janiiaiw at 7.40 p.m.) LONDON, .la unary 2.’:. Sir Edmund Vestey * s now en route f<r Australia in connection with the merger of the Angliss and Weddell meat companies. Au otlicial of Vestey' s Ltd., has issued a statement to the press, but there are no details as ,to the terms of the purchase available. 1! is the buyers’ intention to develop the business in the interests of Empire / rude, and t<‘ do everything possible to increase Australia’s share of the British meat trade. The “Financial News” understands that the purchase price for the Angliss Coy’s, interest is fifteen hundred thousand pounds in cash YET ANOTHER MERGER. B RITIS H- A MERIC A N TO BAC C O COY. BUYING Ol T CARRERAS. (Received Jaiiimry 23 at 10 p.m.) LONDON. January 23. r l'ho “ Dailv Telegraph” reports that discussions are proceeding bctw’een the Tobacco Company. ( 'arreras TJtd . and Hie British-American Tobacco Coy. It is believed that Ca.rreras Ltd., may sell z hi i r Australian and their Indian interesls to th ■ British-American TobacDOES IT? LONDON, January 23. The “Daily Express” says: The meal merger means that three thousand of the Vestey shops will be sell in <t more Empire moat.