Vacuum Corporation met here today and approved the merger of} the Far Eastern marketing pro-! tovday|pertiee of the Company. with the: producing and refining facilities of Rega eT Conk New deny cliaattader' of the agreement erie at etter of Sceony-Vacuum Corporation, will result in increased earnings to both companies.
The merger agreement provides for the formation of the Standard-vacuum Oil Ca. to which will be transferred the respective Far} Eastern properties of the two companies. The stock of the new! company will be from U.S.$160.-! 900,000 to, U.8.$200,000,000 and be divided equally between the two companies, Properties of the Socony-Vacuum Corporation involved in the merger include its marketing facilities in Japan, Eh India, Australia, ' New Zealand, Qceania, and South "and" Bast rie The Standard Oil Ca. of New Jersey will contribute the producing and refining properties of its sub-Sidiaries, the Nederlandsche Kolo-nile. Petroleum "Maatschappij Palemssng, Dutch East Indies, and {the "marketing facilities of" the! Union Atlantic Ca., a holding come irketing subsidiaries:
New Zealand and Australia United Press,
Text read from the printed page and cleaned; old type leaves the occasional error.