EXPANDING TRADE.

Stratford Evening Post, Volume XXXI, Issue 99, 9 December 1911, Page 6

EXPANDING TRADE.

EIGHTEEN THOUSAND TONNER BUILDING. FOR AUSTRALIAN TRADE. (Received 9, 11 a.m.) London, December 8. The White Star Line are building a 18.000- for the Australian service of the improved Suevic type. HOWARD SMITH COMPANY - . ISSUES MORE SHARES. COLLIERY TO BE BOUGHT. (Received 9, 10.50 a.m.) Sydney, December 9. . The Howard Smith Company is issuing 250,000 pound shares, being the • . ~bajauoe, of the, original 500,000 preference ' shares in the capital of the company, with the object of acquiring steamers aryl for general purHUDDART PARKER COMPANY. ALSO ACTIVE.'' THE COMPANY RECONSTRUCTED Melbourne, December 8. A company has been formed to take over the, assets and liabilities of the Huddart Parker Company Proprietary, Limited, entitled “Huddart Parker, Limited,” pJjL an capital of a million and a half, comprising 750.000- each cumulative, 6 per c-nt, preference and ordinary shares of £1 each. The first issue is to be of 500,000, each denomination of which ' b?j 375,000- (sic), each tp: be taken 4' t)j ’ company in payment of thfe properties transferred. The reasons for creating a new organisation are that the business and individaul interests have outgrown the scope of a proprietary concern, ami expanding trade ■ calls for additional vessels. A i :• It is the intention of the directors to order one or two new steamers early in the year.