ARTIFICIAL SILK

Sun (Auckland), Volume I, Issue 208, 22 November 1927, Page 14

ARTIFICIAL SILK

BIG AUSTRALIAN PLAN BRITISH AID SOUGHT By Cable.—Press Association.—-Copj/riffM Reed. 11.28 am. LONDON, Monday. The city editor of the ‘‘Evening: Standard” understands that an Australian group approached the British Celanese Company to form a subsidiary australian Company in connection with a £ 1,000,000 factory project. The paper adds that consummation ■ of this plan is unlikely before Januj ary.—A. and N.Z. New Zealand, as well as Australia, been suggested as offering excellent opportunity for starting an artificial 611 *- industry. _ A writer in the -Manchester Guard ad Commercial” recently said: — “During 1925 England sent to "Inland 75,7321 b of yarn, while in 19-$ figure was increased to 99,i5-lb. J however, in cotton and artificial siJK in tures that the most important inc f® , has taken place, for British _ e *P°*”L re July this year reached 148. yards, against only 98,820 square jar in June.” ©f The writer adds:—“The possibnitie establishing an artiffcial silk New Zealand are enhanced by tne f plies of wood pulp obtainable, ana _ interesting to note that the development of the forests is being treated on a, “ ness-like basis. It is said that _{£% land forests will supply' pulp y- ood ' ' e . 15 years of planting, and it f atso s gested that local grown flax will P r a suitable base.” Wild Fluctuation A cablegram from London, dated Op ber 13, read as follows: —There wild fluctuation in the value of British Celanese, Limited, an silk concern with a capital or a**. -• p Ordinary shares slumped from . a( j 6d on a report that a Brussels co ce?given another firm the right to utain foreign patent rights. <j«The company later stated that e f C r« cision would not affect it but the misunderstanding had rean value of the shares by more 1 £ 2. 500,000. Prices recovered to *; dinary shares were at Os at t.j* _.‘" xree t of the year and reached 12,»s in- at One pound preference share.- nr-j^ir 3d in January , and reached 00. • are now 31s. Neither issue has paid a dividend. _