MORE LAVAL TREACHERY
(Rec. 1.30 p.m.) LONDON, Sept. 25. Laval lias given Germany control of France’s great chemical dye industry, reports the British United Press correspondent on the French frontier. Laval first rounded up three of the “Big Four” of the industry—the St. Denis, St. Clair, and Kuhlmann concerns—and renamed them Franeolor organisation, with a capital of four and a-half million sterling. The tonus of tho merger laid down that the participants must hold 49 per cent, of the shares, but could dispose of 51 per cent. The result was that the 51 per cent, was sold to the great German dye trust, the LG. Farbenindustrie, giving Germany control. Laval reasons that if Germany dominates the French industry she will 'not molest France in order to get the best returns from the industry.
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Manawatu Standard, Volume LXII, Issue 255, 26 September 1942, Page 6
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133MORE LAVAL TREACHERY Manawatu Standard, Volume LXII, Issue 255, 26 September 1942, Page 6
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