THE MANNESMANN TUBE WORKS

Dominion, Volume 9, Issue 2869, 6 September 1916, Page 8

THE MANNESMANN TUBE WORKS

— ♦ ; "AND BUSINESS LOYALTY." Under tlie above headings, "The Ironmonger" of July 1 publishes the following:— "According to tho 'Frankfurter fieitung of June 17, negotiations have been ■proceeding for some time past, at English instigation," concerning tlie absorption of the British Mnnnesmann Tubs Co. by another British iinn. Tho purchase price has not yet been fixed, but it will ruin into several millions [marks], and it is to b« conveyed to the Dusseldorf Co. by contra-accounts within another concern. Tho English undertaking, according to th 6 'Frankfurter Zeitung,' was only beginning to be a paying concert shortly before tho war, and (as tho Gorman Mannesmann Works probably held the whole capital) it represented a rather important foreign member 'of the Mannesmann organisation, although, like other undertakings in which tho Dusseldorf Co. participates, it is probable that much of the holding had been written off. Tho transaction, therefore, if it goes through, will show a profit on paper, against which must be set off tho commercial disadvantage of amputation. What is remarkable in this case, as in other German-English separations of interest (for example, in the Dynamite Group),-is that even now the British merchant and the British authorities occasionally display a cool and realistic deliberation- and the capacity of drawing the logical consequences therefrom in a loyal and business-like manner."