INVESTMENT TRUST.
Formation Discussed By Leading New York Bankers. HUGE STOCK FORESEEN. "(Australianana N.Z. Press Association.) (Received 10.30 a.m.) : NEW YORK, May .6. The "New York Post" has stated that ft is learned that Mr. John J. Raskob is "discussing with, the .leading tankers the formation of an investment trust which would be the largest in the world, with investments totalling £1,000,000,000, and would be the largest stockholder in all the important corporations in the United States. Its purpose would be to insure the independence of workers in their old age and would be the combination of an investment trust and an Insurance company. , j
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Bibliographic details
Auckland Star, Volume LX, Issue 106, 7 May 1929, Page 7
Word Count
105INVESTMENT TRUST. Auckland Star, Volume LX, Issue 106, 7 May 1929, Page 7
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