No Connection With
p. 23 · Read in the full issue
Confusion
Of Names
No Connection With W. R. Carpenter Co.
Shareholders and others have been confused by a similiarity of names between Carpenters Investment Trading Co. Ltd. and W. R. Carpenter and Co. Ltd., Islands traders. (PIM, August, page 151).
There is no connection between the two companies at all —Carpenters Investment Co. trading wholly within New South Wales and being interested in numerous enter prises.
Many people, through an associa tion of ideas, have assumed, quite wrongly, that it was a subsidiary of the big Islands firm. This has not mattered very much until re cently when the Investment Co. an nounced that for the first time in 21 years it would not pay a final dividend, due to a trading loss in one of its companies. This, naturally, immediately attracted some atten tion.
Therefore, we repeat—Carpenters Investment Trading Co. has no con nection with W. R. Carpenter and Co. Ltd.—the latter company and all its subsidiaries continuing to make profits and declare dividends.