The Hodgman Government has supported a number of councils to model the benefits and impacts of voluntary amalgamation and/or resource sharing.
Last month the Tasman and Sorell Councils indicated that, following extensive consultation with their respective communities, the councils wish to further investigate a possible amalgamation and requested that the Government establish a Local Government Board to review the benefits and impacts of a voluntary amalgamation of the two councils.
The year 2005-06 when the amalgamations of Regional Rural Banks (RRBs) were undertaken has been taken as a yardstick for comparison.
In order to improve the operational viability of Regional Rural Banks (RRBs) and take advantage of the economies of scale the route of amalgamation of Regional Rural Banks (RRBs) was suggested taking into account the views of various stakeholders.
Despite these concerns, the final regulations allow consolidations and amalgamations to qualify, because the Service did not believe that the existence of the consolidating or amalgamating entities within the resulting corporation prevents a consolidation or an amalgamation from qualifying as a statutory merger or consolidation.
In a state law consolidation and a foreign law amalgamation, typically two or more corporations combine and continue in the resulting entity, which is a new corporation that is formed in the consolidation transaction.
The purpose of the amalgamations was to improve efficiency and reduce municipal spending and to decrease the number of politicians without reducing accessibility to local elected officials.
Overall, the amalgamated municipalities did not receive high marks from their residents in terms of increased value for taxes as predicted by the province; but at the same time, they did not receive poor marks in terms of loss of attachment to their local communities as predicted by those opposed to amalgamations.
He notes that the amalgamations
in Philadelphia and New York were pre-2Oth century and no major amalgamations
have occurred since in the United States.
The amendments apply with respect to amalgamations
occuring after 1989.
are expected to take place December 31, 2005.
The Liberal Government has begun formal discussions with councils about voluntary amalgamations
As a result of these amalgamations
, Brascan Corporation will assume all of the assets and liabilities of Brascan Financial and the existing Class I and II preferred shares issued by Brascan Financial will be exchanged for new Class A preferred shares of Brascan Corporation with substantially identical terms and conditions.
The company resulting from the amalgamations
will be named "VISION Global Solutions Inc.
Last February Valeo and the Indian Group Amalgamations
Ltd set up a joint venture Amalgamations
Valeo Clutch Limited to develop, produce and market clutch systems for passenger cars and trucks for Indian and foreign vehicle manufacturers with local facilities.