In 1925, Myer Ltd was listed on the Melbourne Stock Exchange and the new building on the Lonsdale Street frontage was begun. A separate building in Queensberry Street, Melbourne, was put up in 1928, and the Collins Street businesses of T. Webb and Sons, china importers, and W. H. Rocke and Company, house furnishers, were bought and transferred to the Bourke-street building. A public company had in the meantime been formed which by 1934 had a paid-up capital of nearly £2,500,000. A controlling interest in Marshall's Limited of Adelaide was also acquired. The company was then employing 5,300 people with medical and nursing aid for the staff, and rest homes for them at the seaside and in the Dandenong Ranges. Some of Myer's friends and Business associates feared the Business was developing too rapidly but it was in a prosperous state and fast recovering from the effects of the Depression, when Myer died suddenly on 5 September 1934, at age 56.