Page 6 Advertisements Column 3

Poverty Bay Herald, Volume XLV, Issue 14555, 16 March 1918, Page 6

In v : Ai\v of tiiie question m Parliamient a s to the possibility of the Governments assuming control, if not ownership, of the 1 great cotton-thread firm of J. and P. Coats, it is of interest to glance at their story of profits (say# a. London corresoondetn). This sum averages between 2£ and 3^- millions- n ymv. There was a slight drop i;i 1915, owing to war conditions on the Continent, but last yeai' a record Mieiglit was reached, when a iirofil of £3,387,395 was returned. The business, one of the richest m tho kingdom, had a small beginning less than a* oentury ago, when James Coats set up i)i Paisley a little factory only 60ft m length, with a primitive 12 h.\>. engine to provide power. Success was attained from th& outset, and m course of time tho firm was m so powerful aposition that it was able to absorb the great rival firm of Clark, Brook, and Chadwick. The latter took the purchase price m shares, except as to some £500,000, which was offered for public subscription m £10 shares. The issue price of these £10 shares was £50 a. share, a premium of 400 per cent.

LATE ADVERTISEMENTS TO LET-— Six-roomed House, Clifford Street; hot water, bath, etc.— Apply Xo. 2, Herald 478 WAJNTED^Work, "sT^tloir7H 7 ~ParnT, by good, all-round man. — Apply, hyjetter, < "J-A. /'^Herald Office. 477 "No ltubbing" Laundry Help for progressive people ; la packet.— Common, Shelton and Co., Ltd *