AT THE HEART OF THE ROAD TRANSPORT INDUSTRY.

Call our Sales Team on 0208 912 2120

Hall and Thames Grit to Merge

10th March 1961, Page 57
10th March 1961
Page 57
Page 57, 10th March 1961 — Hall and Thames Grit to Merge
Close
Noticed an error?
If you've noticed an error in this article please click here to report it so we can fix it.

Which of the following most accurately describes the problem?

PROPOSALS were made • known last week of a plan by Hall and Co., Ltd., and Thames Grit and Aggregates, Ltd., to merge through an exchange of shares into a new holding company to be called Hall and Ham River.

Present plan is that both companies will retain their identities and their operations will continue under the existing managements. The boards of both companies are convinced that considerable benefit will accrue from the merger to their shareholders and employees because of the availability of greater resources and because of the complementary nature of the two businesses.

The board of Hall and Ham River will be composed of.eight directors from Hall and Co., and four directors from Thames Grit, with Mr. M. W. Hall as chairman.

Covent Garden Bill

IN their first decision on the Covent -1 Garden Market Bill. the House of Commons Select Committee have ruled out of order the petition proposing that the market should be moved from its present site to a five-storey building, complete with heliport, to be constructed on stilts over railway sidings at King's Cross_

• This means that for the time being, writes our Political Correspondent, there can be no discussion of the privateenterprise alternative to the Government's proposal that a modernized market should be built on the present site, though extending over a smaller acreage.

But the promoters of the King's Cross scheme will make another attempt to get it considered when the Bill comes before the House of Lords. Every peer is to be given information about it.


comments powered by Disqus