TRUSTS
“DON’T RAISE PRICES.”
LABOUR LEADER’S PRAISE.
London, December 18.
The policy of amalgamations, which have been a marked feature of big British business in recent years-—the latest instance being the chemical combine, with an issued capital of £57,000,000 —is approved by Mr Phillip Snowden, who was Chancellor of the Exchequer in the MacDonald Labour Government.
Addressing members of the Institute of Chartered Accountants to-day, Mr Snowden said: “These amalgamations will tend to become not merely national, but international, in character, and I look forward to the development of international trusts as a great instrument in the preservation of world peace. I have had occasion in the United States, that classic land of trusts, to go into the question thoroughly, and I came to the conclusion, without hesitation, that the general effects of trusts in the United States has not been to increase prices.”—Sun Special.
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https://paperspast.natlib.govt.nz/newspapers/ST19270119.2.91
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Southland Times, Issue 20081, 19 January 1927, Page 8
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145TRUSTS Southland Times, Issue 20081, 19 January 1927, Page 8
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