GIGANTIC COMBINE.

Wanganui Chronicle, Volume LXXXI, Issue 18916, 19 January 1924, Page 3

GIGANTIC COMBINE.

CEMENT INDUSTRY BROUGHT UP. One of the greatest combines for many years had been formed in secret. The controlling interest in concrete and cement has passed into the hands of a new combine, registered a few days ago as the Associated Anglo-Atlantic Corporation, says the London Daily Mirror. The coup, which involves not only practically the whole of the cement history in this country, but has big interests in America and the Dominions, is mainly the work of one man. Mr. H. S. Horne. Mr. Horne is an alert young business man. For two and a half years he has been the prime mover in buying up the shares of the Associated Portland Cen:eut Company, which is said to control some thirteen millions of capital. Major-General Sir Philip Nash, Sir Eric Geddes’ right hand man, is the chairman of the Associated AngloAtlantic Corporation, which has been formed with a capital of £1,000,000. “It is purely a private venture,” one of the directors of the new corporation told the Daily Mirror. “In no sense of the word must tho deal be regarded as a gamble. Our object is to inaugurate a definite con structure policy in the belief that we have now arrived at the dawn of what may be called the concrete age. “It is the intention of the corporation to institute a campaign of intensive propaganda as to the possibilities of its uses.

4 ‘ln America the use of concrete has developed enormously in the last few years. In this country the ratio of increase has been almost negligible ”