COLLIERY MERGER
BIG BRITISH UNDERTAKING. (British Official Wireless.) (Rec. 5.5 p.m.) Rugby, February 18. A scheme by which two big colliery companies, the Powell and Duffryn Steam Coal Company, Ltd., and the Welsh Associated Colleries, Ltd., are to be amalgamated, has been completed. The combined companies will form the largest coal-producing unit in the United Kingdom. The present annual output of the companies is more than 11,900,000 tons. The new company will have an authorized share and loan capital not exceeding £7,000,000. The selling organization of the two companies, which extends over a great part of the world, will be transferred to the amalgamated undertaking.
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Southland Times, Issue 22511, 20 February 1935, Page 7
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105COLLIERY MERGER Southland Times, Issue 22511, 20 February 1935, Page 7
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