SILK FROM CELLULOSE.
BRITISH COMPANY'S PLIGHT.
£6,550,000 ENDANGERED.
LONDON, April 27. The British Cellulose Chemical Manufacturing Company has issued a report stating that unless more money is put up debenture holders must foreclose. If the company is now liquidated it is feared that the whole of the preference and ordinary share capital of £6,550,000 will be lost. The Government holds a portion of the preference capital. The company hoped to make a commercial success of artificial silk manufacture from cellulose acetate, but did not succeed. A drastic scheme of reconstruction is being put forward.
Cellulose constitutes the chief part of the solid framework of plants, wood, linen and paper. By the action of nitric or sulphuric acids on cotton, cellulose nitrate is obtained and from various forms of these nitrates, gun-cotton celluloid, or artincial silk, is prepared.
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Bibliographic details
New Zealand Herald, Volume LIX, Issue 18087, 11 May 1922, Page 7
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137SILK FROM CELLULOSE. New Zealand Herald, Volume LIX, Issue 18087, 11 May 1922, Page 7
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