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U.K. FINANCE CORPORATION

LONDON. July 23. The Industrial and Commercial FUw-n.ce Cor-fndustry-and ISmed auTplce. by fading financial lnstltuticn*-lwa now been reenteredasa private company The capital to £15,000.000. In shares of £1000 each, and taken up by the leadinj? banks. .<. j The company is established to provide "edit and finance by loans or share capital for tadustrlai and commercial business 2L AP f f£? existing Rritain nnrticularly in cases where tnc exisunK faciimes pro v ided by banking institutions and stock exchanges are not readily_or _ c asjly The company is intended to t _ but no to supersede, the activities of lendeniand financial institutions. It is no- the intention of the banks subscribing to the capital to interiere with the conduct of the business cf a company Sy the board The larger of the ta'onew finance companies—the Finance Corporation for Industry— which was formed earlier this year to helpthe reccnstructlon of Industry after the war. has a capital of £25.000.000 and boITOTInR POW'e" Of £100,000,000. The capital was subscribed by a consortium of insurance companies and investment trusts and the Bank of England.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AS19450725.2.29

Bibliographic details

U.K. FINANCE CORPORATION, Auckland Star, Volume LXXVI, Issue 174, 25 July 1945

Word Count
181

U.K. FINANCE CORPORATION Auckland Star, Volume LXXVI, Issue 174, 25 July 1945

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