LANCASHIRE FIRMS
BIG MERGER PROPOSAL. THE TERMS ISSUED. [British Official Wireless.] RUGBY, March'22. The terms of a merger for the six leading Lancashire textile machinery manufacturing concerns, with a total issued capital of over £7,000,000 have been prepared and tho directors will shortly submit the proposals to the shareholders and recommend their acceptance. The object of the* grouping scheme is •to eliminate wasteful competition in meeting foreign competition.
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Bibliographic details
Wanganui Chronicle, Volume 74, Issue 121, 25 May 1931, Page 7
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68LANCASHIRE FIRMS Wanganui Chronicle, Volume 74, Issue 121, 25 May 1931, Page 7
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