Industry butts out

THE final remnants of the tobacco industry in Victoria and the North East are set to disappear in a little more than a month.

The distribution of shares for the Tobacco Company (formerly Co-operative) of Victoria (TCV) will complete the company’s dissolving.

This will be the final step in the process following on from the shareholders meeting in October when it was voted to end the tobacco company’s existence.

The vote came after the finalisation of the three year sale of the TCV building in Myrtleford to the Alpine Valley Milling Group for $2.6 million.

Shareholders of the TCV are set to have their shares distributed as soon as the Australian Taxation Office (ATO) gives final approval.

Former tobacco grower and TCV chairman Tony La Spina said he and former growers were happy the whole process would finish up shortly.

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