COTTON COMBINE.
]SIG LANCASHIRE MERGER. *9 LONDON, Jan. 2G. Preliminary negotiations are complete for the promotion of a Lancashire Cotton Corporation, which has been registered. There will shortly he issued the first debentures. The Bank of England is temporarily supplying the .necessary finances. Sir Kenneth Stewart is the first Chairman, and the Directorate includes Sir Janies Cooper. An advisory committee is being formed to arrange for the taking over or the cotton companies. The 'Cor]M>ration exports to acquire at least one hundred mills, and seven to eight spindles in 1029.
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Hokitika Guardian, 28 January 1929, Page 6
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90COTTON COMBINE. Hokitika Guardian, 28 January 1929, Page 6
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