Bread Interests Sold
p. 65 · Read in the full issue
Hackshalls Ltd., an Australian firm making soap, and coconut oil in Fiji, has sold its flour-making and bread-baking interests for an un disclosed price to Dalton Brothers Holdings Ltd., another Australian bread-baking firm. The W. R.
Carpenter group has about a 25 per cent, holding in Dalton Brothers.
Financial sources felt that the sale would not affect Hackshalls' Fiji interests. Hackshalls already have a big investment portfolio, worth about $2.5 million on the market.
Their flour milling operations, although big, were not profitable because subsidised imports from Europe especially France were sold in the Pacific Islands for less than production costs (PIM, Oct., 1967, p. 14).