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Thursday, 18 August 1921

Formed with a nominal capital of £500,000, Rylands Brothers (Australia) Limited will take over the businesses of the Austral Nail Company Proprietary Limited and Rylands Brothers (Australia) Limited, and develop the wire and wire products enterprise carried on by both. Established in Melbourne in 1891, the Austral Nail Company have been knowm as manufacturers of wire nails and barbed wire, and, latterly, of fencing and nail wire. Two years ago the company moved their works to Newcastle, and have since manufactured fencing wires and other wires on a much larger scale. Rylands Brothers (Australia) Limited' (the company now absorbed) only came into being last year, with the objects of taking over the Australian interests of Rylands Brothers Limited, the well . known English manufacturers, and of entering upon the manufacture in Australia of wire netting and fine wires, and, ultimately, of wire rope. They established works adjoining those of the Austral Nail Company at Newcastle, with whom a fusion has now been effected. The directors of the amalgamated or new company will consist of Mr.' G. O. Delprat as chairman, Sir W. Peter Rylands (chairman of Rylands Brothers Limited), Mr. H. H. Field (general manager of Rylands Brothers Limited), Messrs. C. L. M. Potts, M. M. Howarth, J.K. MacDougall, R. A. MacDougall, and James MacDougall, the last-mentioned being the managing director of the new company.

That extract sustains, at least in part, what I insisted on previously, namely, that some of the profits- the exact share I do not know - which are collected from the consumers go into the common stocking, or common fund, of the Broken Hill Proprietary. Mr. Delprat is Chairman of Directors of this new fusion.

Senator Earle - Is this company making barbed wire?

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