WORLD DYE COMBINE.

Mount Ida Chronicle, Volume XLV, Issue XLV, 23 May 1924, Page 4

WORLD DYE COMBINE.

I he .British Dyestufts Corporation, in Wiiieh the Government is a large shareholder, has completed a draft aoreerueut with the Interesse'n Gemeiusehaft, the German dye combine, says a London paper. The agreement amounts io joint control of the world's dve markets. * German secret processes are to be revealed to tlie Bniian company, in return for an agreed share of the proThe English markets will be controlled by the British corporation, who Will also receive a share of the foreign and colonial business. It is proposed that dyes and dyestuffs produced bv ; joJl companies shall be sold at an .-igiei-u price to eliminate competition and the clashing of interests. German technical experts will advise the -Liitish company on German methods cr manufacture. The draft agreement will have to be approved by the British Government, wmcli holds approximately 2,000,000 shares in the British Dyestuffs Corporation. Negotiations began nearly nvo years ago at the suggestion of the German company. They had'the approval or the. Baldwin Government ■ Aieetings were held in Paris and Berlin, Herr Carl von Weinberg representing the 1.G., and Sir William and' Lord Ashfield the British company and the Government. There is no doubt Mr Baldwin's Government would have approved the agreement.

• '-,? ow remains to be seen what view Mr MaeDonakl's Government will teke ot the proposals,'" said an official of. die Board of Trade. "An agreement between the two companies would, it is believed, be greatly to the advantage of the dye industry in this country.

"The matter will shortly come before the President of the Board of Trade."

An official statement .issued bv the l-rUish Dyestuffs Corporation was as I oi lows:—

-\egori;ir!uiis for ;i working ;t )-- rangvineiit with llio German- dyestufl: industry Imve been proceeding-.ovc-i' ;i. long period.. The dWtow will at once inform the shareholders of the resn it of t':cse negotiations as soon as there -is anything definite to communicate. "