A GREAT CONCERN
CHEMICAL INDUSTRIES LTD INCREASE IN CAPITAL {British Official Wireless.) Ree. 10 a.m. RUGBY, April 10. Imperial Chemical Industries Ltd. announces a proposal to increase its authorised capital by £20,000,000 to a total of £95,000,000, the increase to be made by the creation of 40,000,000 new shares of 10s each. Part of the proposed new capital will be required to complete the present constructional programme, leaving the balance in reserve for future contingencies. The reserves now exceed £11,000,000. A report to shareholders indicates the immense scope of the company’s business, and shows that the heavy constructional works contemplated are necessary in view of the rapidity of the growth of the company, which now employs in its offices and works approximately 53,000 people, compared with 40,000 one year ago.
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Poverty Bay Herald, Volume LV, Issue 16923, 11 April 1929, Page 7
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130A GREAT CONCERN Poverty Bay Herald, Volume LV, Issue 16923, 11 April 1929, Page 7
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