COMPANY BOOM

New Zealand Times, Volume XLVI, Issue 10611, 9 June 1920, Page 3

COMPANY BOOM

MILLIONS ASKED FOR SIX MILES' OF COMPANY DOCUMENTS FILED. • Sopio interesting, details of the sensational Company boom in England, where thousands of millions have been subscribed, and where no less than 30 millions were asked -for in one week, are to hand. The following interesting particulars aro from the ‘'Daily Mail'’

Hoorn 7 at Somerset House, where visit ora to the Companies Registration Department are received, is ono.of the busiest rooms in London.- v ----- So many companies aro being formed and so many people want to inspect the files of existing and new companies that ■ the crowds could riot bo dealt with in one room, and room II lias been added, and the. staff augmented. Each company must deposit a file of particulars with the department, and an average of 50 new companies Is being registered daily. "There have been more than 3000 registrations this year,” said an official. “During the whole of 191-1 there were about 5000. Between 20 and 30 millions of capital for , various concerns is being sought this week. There has never been such a rush in my -40 years’ experience. • “Spinning companies lead , the way, and shipping and Idnemns are well up on the list. A pood many Baltic companies are being formed. Football companies are overshadowed by golf concerns.’’ • In the vaults below Somerset House are filed awav the partiaulars of every company. They occupy, shelves .estimated at mere than 6 miles in length, and more icom is wanted. THIS YEAR’S NEW COMPANIES. Mr H. W. Jordan,, of the firm .of company registration agents, has prepared the following table of this year’s companies- . Companies. Capital. £- Textiles 351 48,603,000 Shipping 174 22,853,993 Kinemas 96 4,704,500 Clothing 100 4,179,560 Engineering .... 154 5,914,700 Food ...T. 183 18.663,775 Mines 74 6,1i9,400 Motors 183 6,639,300

“It is evident that there is-an army of new investors, n said Mr Jordan. ( 'A lot of small people are applying for shares, not working-class people, but traders.”