TRUSTS.
OPERATIONS IN BRITAIN. ENQUIRY DESIRED. BY CABLE—PRESS ASSOCIATION—COPYRIGHT LONDON, July 12. The council of the General Federation of Trade Unions passed a resolution demanding the appointment of a Royal Commission to enquire into the operation of trusts. The mover declared that the whole future of Britain was in the hands of monopolists. Fourteen combines controlled and directed every social and economic activity, and ' two firms dominated the entire production and distribution of meat both in the United States and Britain. The United Cold Storage Company’s profits for three years in Britain amounted to £1,675,000, and the average dividend was 30 per cent. The Imperial Tobacco Trust’s profits for the four years were £24,356,000, and the dividend 77-2- per cent, plus 168;} per cent in free shares. The profits of the iron, steel and coal combines for five years were £4,000,000, and the dividends 52} per cent, plus 156 per cent in bonus shares. The profits of the chemical combine in five years were £6,250,000, and the dividends 48f per cent.
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https://paperspast.natlib.govt.nz/newspapers/HAWST19240715.2.34
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Hawera Star, Volume XLVIII, 15 July 1924, Page 5
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171TRUSTS. Hawera Star, Volume XLVIII, 15 July 1924, Page 5
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